General Compression Secures $60m in Series B Round of Financing - Deals Analysis
General Compression, Inc., a provider of air energy storage systems, secured an additional $5.5m in its Series B round of financing, bringing the total gross proceeds to $60m. The financing was led by Northwater Capital Management, Inc., US Renewables Group, LLC, Duke Energy Corporation and Serious Change Fund. Earlier, on June 7, 2011, the company secured $54.5m in its Series B round of financing.
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