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Latest General Compression Inc. Stories

2011-06-07 13:20:00

NEWTON, Mass., June 7, 2011 /PRNewswire/ -- General Compression, Inc. ("GC"), a Massachusetts company developing utility-scale, responsive, renewable power projects that feature a proprietary compressed air energy storage system, announced today that it has closed on the first tranche of a $54.5 Million Series B Financing. Funds from this investment round will be used to enhance the company's manufacturing capacity and to build a pipeline of projects that offer firm power contracts to...

2010-11-30 15:22:00

NEWTON, Mass., Nov. 30, 2010 /PRNewswire/ -- General Compression, Inc. ("GC"), a Massachusetts company developing an innovative compressed air energy storage system that burns no fuel when generating electricity, announced today that it has appointed Professor Adrian Bejan of Duke University, Professor Sylvie Lorente of University of Toulouse, and Dr. Monika Ivantysynova of Purdue University to General Compression's Technical Advisory Board ("GC TAB"). The GC TAB was formed in 2010 to...

2010-10-20 09:52:00

NEWTON, Mass., Oct. 20 /PRNewswire/ -- General Compression, Inc. ("GC"), a Massachusetts company developing an innovative compressed air energy storage system that burns no fuel when generating electricity, announced today that it has completed the 2nd Tranche of a $20.9 Million Series A Fundraising after the commissioning and successful testing of a 30kW Proof of Concept module of its patent-pending GCAES(TM) technology. "Achieving the Tranche II technical requirements and closing our...

2010-07-20 11:16:00

NEWTON, Mass., July 20 /PRNewswire/ -- General Compression, Inc. ("GC"), a Massachusetts company developing an innovative compressed air energy storage system that burns no fuel when generating electricity, has been selected to receive up to $750,000 in the Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E GRIDS) funding program. The government grant will help accelerate the development of General Compression's Advanced Energy Storage (GCAES(TM)) technology and...

2010-05-11 11:57:00

NEWTON, Mass., May 11 /PRNewswire/ -- General Compression, Inc. ("GC"), a Massachusetts company developing an innovative compressed air energy storage system, today announced it has closed $3 million in Series A Financing commitments from the Northwater Intellectual Property Fund, managed by Northwater Capital Management. This investment follows a recent financing in February that included US Renewables Group ("USRG") and Duke Energy, and increases the total Series A Financing to $20.9...

2010-04-14 10:26:00

NEWTON, Mass., April 14 /PRNewswire/ -- General Compression, Inc. ("GC"), a Massachusetts company developing an innovative compressed air energy storage system, today announced it has signed an agreement with ConocoPhillips (NYSE: COP) of Houston, Texas, to develop compressed air energy storage projects, beginning with a pilot project in Texas, using General Compression's Advanced Energy Storage ("GCAES(TM)") technology. "General Compression is extremely pleased to have ConocoPhillips as...

2010-02-23 08:00:00

NEWTON, Mass., Feb. 23 /PRNewswire/ -- General Compression, Inc. ("GC"), a Massachusetts company developing an innovative compressed air energy storage system, today announced it has closed over $17 million in commitments to its Series A round of funding. Led by US Renewables Group ("USRG") of Santa Monica, CA, and joined by Duke Energy of Charlotte, NC, the financing will support development of a first commercial scale unit and a series of storage projects thereafter. With this funding,...

2007-06-04 09:00:45

General Compression, Inc., the pioneer of dispatchable wind power, today announced that Rahul Yarala has joined the company as Chief Technology Officer -- Turbine Development to lead the development of General Compression's Dispatchable Wind Turbine System. Yarala previously was Director of Engineering at Clipper Windpower, Inc. "Rahul's experience in taking wind turbine technology from concept to operation will be a tremendous asset to General Compression," said CEO David Marcus,...


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