Alphabet Energy’s series B round was led by natural gas developer Encana and included existing investors Claremont Creek Ventures, TPG Biotech, and CalCEF Clean Energy Angel Fund. The company, which converts waste-heat into electricity based on a new silicon thermoelectric material it developed, was founded in 2009 as a spin-out from Lawrence Berkeley National Laboratory. It raised a $12 million series A round led by TPG in 2011, and a seed round from Claremont and CalCEF in 2010.
Waste-Heat Maker Alphabet Energy Closes $16M Led By Corporate
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