Marquiss Wind Power Inc., a developer of wind turbine technology, today announced it has closed its first financing round with $1.3 million.
The company says it manufactures patented roof-top wind turbines to help businesses generate affordable clean power and help the environment.
"Marquiss is well-positioned to offer a unique product at a time when the public and private sectors are focused on developing clean energy alternatives," said Jack Crawford Jr., General Partner with Velocity Venture Capital, which led the Series A round. "With an experienced management team led by Paul Misso, this Sacramento-area company is leading the way in a multibillion market that is shifting from just centralized wind power generation–big wind farms — to distributed wind power generation solutions. The timing is ideal."
In addition to Velocity, Strategis Early Ventures also participated in the round.
According to the company, tests of the turbines demonstrate excellent power production compared to other alternative energy sources, providing a quicker payback that can range from two years to seven years, depending on the purchaser’s existing utility rates. The wind power ties into utility grids and interacts seamlessly with customer’s existing power supply.
About Marquiss Wind Power
Based in Folsom, Calif., Marquiss Wind Power manufactures alternatives to traditional energy sources by using its patented wind turbine technology. Drawing on more than 20 years of design research by founder Stanley Marquiss, the roof-top turbines enable larger businesses, including groceries, hospitals, warehouses and data centers, to reduce their reliance on fossil fuels and significantly lower their electricity costs.
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