The US-based heat to electricity conversion company has also secured backing from BP Alternative Energy and corporate-backed Energy Technology Ventures.
Mitsui Ventures – the investment wing of the centuries-old Tokyo conglomerate – has led a $14m extended Series C round of funding for GMZ Energy, a US-based company which converts waste heat to electricity.
Support was provided by: UK-based BP Alternative Energy, Energy Technology Ventures (comprising energy firms GE, NRG Energy and ConocoPhillips) as well as venture firms 12BF Global Ventures and Kleiner Perkins Caufield & Byers.
GMZ, which was founded in 2009, will use the funding to expand its…
