Monday, September 17, 2007

Pentadyne Power Scores $14 Million in Funding

Chatsworth, CA, based Pentadyne Power Corporation, a leading commercial manufacturer of clean energy storage systems using advanced composite flywheel technology, announced that Loudwater Investment Partners have led a $14 million capital round to finance further company growth and product development. Loudwater invests in late stage private growth companies and has offices in London and San Francisco. Approximately half of their investments are in US technology companies. Edward Forwood, Managing Director of Loudwater, said, “Pentadyne has developed the most efficient flywheel energy storage technology with immediate application in UPS and other markets. We are confident that this will soon result in market leadership.”