Advanced Power Projects, for power plant efficiency, takes first funding
A new startup that promises to make new and existing power plants run more reliably and produce less greenhouse gas emissions has received an undisclosed amount of funding by Bay Partners, Sequoia Capital and Redpoint Ventures.
Advanced Power Projects has a technology called the Simplified Combined Cycle, which is capable of capturing waste heat more effectively than the arrays of turbines and cooling towers used at most plants.
The company also has a mixing method for steam and fuel that produces a smaller, cooler flame that is more stable and thus burns fuel more cleanly. The method was developed by Dr. Dah Yu Cheng, who prior to joining Advanced Power sold his solution as the “Cheng cycle”. A paper on the concept is available here.
Advanced Power is based in Fremont, Calif.
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Tags: co:advanced power projects, deal, inv:Bay-Partners, inv:Redpoint-Ventures, inv:Sequoia-Capital
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.