Mainspring Energy Lands $150M Deal to Deploy its Linear Generators With NextEra
Over the past decade, Mainspring Energy has been at work on a novel "linear generator" that it says can provide on-site electricity with lower emissions than fossil-fueled engines and microturbines, and greater flexibility than fuel cells. On Tuesday, Mainspring's vision garnered a vote of confidence from U.S. utility and renewables giant NextEra in the form of a $150 million agreement with its business services arm NextEra Energy Resources to purchase, finance and deploy Mainspring's devices across the country. Mainspring started testing its linear generators last summer with an unn...