The Conversation (0)
Ciris Energy announced that it has raised the equity required for its’ second round of financing. There were multiple financial backers, including GE (NYSE:GE)
Ciris Energy announced that it has raised the equity required for its’ second round of financing. There were multiple financial backers, including GE (NYSE:GE)
The press release is quoted as saying:
“Ciris has the potential to transform and extend the coal resource base in a number of distinct geographies,” said Vinod Khosla. “This may be the cleanest and cheapest form of clean coal.”
Jerry Clark, CEO of Ciris Energy, said:
“Khosla Ventures is one of the leading investors in emerging energy technologies, and we are pleased they could lead our Series B and join our existing investors. In 2010, we achieved several key milestones on our road to commercialization, and 2011 promises to build on that as we implement our technology in commercial field development to produce clean, low-cost energy.”