Intelligent Power Generation secures £2m Series A funding from angel investors to advance turbine technology.
The Series A round was led by a consortium of angel investors and will support product development and commercial trials.
Intelligent Power Generation is a British climate tech enterprise developing modular turbine technology to decarbonise fuel based power generation. The firm builds clean power generators designed to operate on alternative fuels.
Intelligent Power Generation has secured £2m in the first close of its Series A funding round, backed by a consortium of experienced angel investors. The capital will support the continued development of its turbine technology and facilitate technical demonstrations with commercial partners. This raise arrives as the firm concludes a pilot project with Highways England and prepares for forthcoming commercial trials. The company intends to raise an additional sum before the final close of the round.
Use of funds
- 01Continue product development
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About the company
Intelligent Power Generation
Intelligent Power Generation develops clean turbine technology to accelerate the transition away from fossil fuels.