15 Sep '11, 1pm

Alphabet Energy Gets $12M in VC to Convert Waste Heat into Electricity: Alphabet Energy just raised $12 millli...

Alphabet Energy Gets $12M in VC to Convert Waste Heat into Electricity: Alphabet Energy just raised $12 millli...

Alphabet Energy just raised $12 milllion in round A funding, led by TPG Biotech along with Claremont Creek Ventures and the CalCEF Clean Energy Angel Fund, to develop thermoelectrics. The firm had received a $1 milllion seed round in 2010. The firm has also received some SBIR funding . Thermoelectrics are semiconductors that when placed in a temperature gradient, have the potential to turn waste heat into power. It's a brilliant pursuit but no one has brought it home economically at scale just yet. Alphabet is at the prototype stage with technology developed at the Lawrence Berkeley National Laboratory. In previous encounters with Greentech Media, Alphabet Energy had claimed it could make electricity for approximately $1 a watt out of industrial waste heat. Traditional waste heat materials -- heat goes in, electricity comes out -- cost more than $20 per watt and are made o...

Full article: http://www.greentechmedia.com/articles/read/Alphabet-Ener...

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