International Power Group, Ltd. (OTCPK: IPWG), an emerging waste-to-energy company, announced it raised $2.3 million from an undisclosed New York-based venture capital firm.
CEO Peter Toscano said, “International Power Group views this new equity investment in our company, by a visionary fund that focuses its investments in promising technologies, as a significant vote of confidence in our business plan to provide alternative energy solutions by constructing our waste-to-energy and AddPowerTM technologies in key locations worldwide.”
The company plans to provide turnkey solutions for waste disposal and electricity and potable water production. It intends to establish waste-to-energy facilities to convert commercial, hazardous, organic and toxic wastes into saleable electricity and potable water.
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