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Mainspring Energy Raises Over $150 Million in Series E

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time! ....

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Mainspring Announces Deal with Lineage Logistics to Deploy up to 150 Mainspring Linear Generators; Raises Over $150 Million in Series E Round

/PRNewswire/ Onsite power generation provider Mainspring Energy Inc. today announced that Lineage Logistics, the world s largest temperature-controlled. ....

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Mainspring Energy, a distributed power generation startup, gets Series D

On Tuesday, Mainspring Energy, an energy technology startup in the emerging field of onsite power generation, announced that it has received a Series D venture capital round of $95 million. The investment round was led by Devonshire Investors, the private equity firm affiliated with Fidelity Investments parent company FMR LLC, along with Princeville Capital, 40 North Ventures, and Chevron Technology Ventures. Existing investors Khosla Ventures, Bill Gates, ClearSky, AEP, KCK, and Equinor re-upped for the Series D.
The new funds will be used to accelerate the rollout of Mainspring’s core product, the Mainspring Linear Generator, to a broader range of commercial, industrial, microgrid, and utility customers, by scaling its manufacturing operations, hiring more staff, and consolidating its position in the U.S. market. To date, the company has raised $228 million in venture capital. ....

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Mainspring Energy Launches New Power Generation Technology and Announces $150 Million Agreement with NextEra Energy Resources

Mainspring Energy Launches New Power Generation Technology and Announces $150 Million Agreement with NextEra Energy Resources
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– NEWS SUMMARY –
The Mainspring Linear Generator at work in California, delivering fuel-flexible, resilient power, saving cost, and accelerating the transition to the net-zero carbon electric grid. For more information please visit www.mainspringenergy.com
Mainspring s Linear Generator has the capability to dynamically switch between fuels, including biogas and hydrogen.
Mainspring Energy, Inc. launches the Mainspring Linear Generator, a new low-cost, fully dispatchable, and fuel-flexible power generation technology for commercial and industrial buildings, utilities, and microgrids.
Mainspring enters into a $150 million unit purchase and project finance agreement with NextEra Energy Resources to promote deployment of Mainspring s product and advance the adoption of renewable fuels such ....

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