Nexterra Energy Corp. has completed a $6.8 million third round of equity financing. The financing was led by ARC Financial Corp. of Calgary, Canada’s largest investment management firm focused on the energy sector. This brings ARC’s total investment in Nexterra to $16.6 million. “Nexterra continues to make tremendous progress, and we are very pleased to lead this third round of financing,” said Malcolm Adams, Vice President of ARC. “This is a disciplined, well-managed company that has consistently delivered on its business plan. With successful completion of Nexterra’s first commercial system at Tolko, substantial completion of the Johnson Controls’ gasifier at the University of South Carolina, progress on new applications with Weyerhaeuser and others, Nexterra continues to be a very strong clean tech investment opportunity for ARC.”
Nexterra Energy is a leading developer and supplier of advanced gasification systems that enable customers to self-generate clean, low cost heat and/or power using waste fuels “inside-the fence” at industrial and institutional facilities.
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