INFINIA Corp, a developer of Stirling engine based products and technologies, has received $9.5 million in new venture funding.
Khosla Ventures, Vulcan Capital, EQUUS Total Return, Inc. and Idealab joined existing investor Power Play Energy, LLC in the financing round. The deal also includes the acquisition of Stirling Cycles, a company developing Stirling engine technology, from Idealab for an undisclosed sum.
Operating without internal combustion, a Stirling engine uses a temperature differential to drive a piston and produce electricity. Along with other Stirling based products, INFINIA is focused on commercializing a Stirling power system operating on concentrated solar energy for commercial and residential users. The Solar Stirling product is expected to be available in 2008.
“Our Stirling engines are unique – they are reliable, can be manufactured inexpensively, operate on many different heat sources and provide a platform for energy products that will change the way the world generates and utilizes energy,” said J.D. Sitton, CEO.”
INFINIA and its partners are also commercializing high efficiency combined heat and power products for the global appliance industry and are developing a unique, bio-gas fired Stirling generator to provide electricity and thermal energy for rural areas of developing countries.
Stirling Cycles, Inc. was founded by Idealab in 2005 to develop and commercialize quiet, clean and portable Stirling engines. The company’s efforts started as part of Idealab’s solar concentrator company, Energy Innovations, and then grew to be an independent company focused on developing stand alone Stirling products from a distinctly commercial perspective.
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