Hydroelectric plant developer Gravity Renewables raises $7M
Boulder-based Gravity Renewables has raised a new $7 million round of equity funding that will help it continue to revamp hydroelectric plants around the country.
The Daily Camera reports that the company disclosed the funding round in a filing made with the Securities and Exchange Commission on Thursday.
Gravity, founded in 2012, operates and develops small hydroelectric power plants. Sometimes that means buying or leasing non-powered dams and adding hydroelectric facilities. Sometimes it means buying or leasing older plants to refurbish and operate.
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The new funding round follows a $5.5 million round raised last summer as well as a $3.2 million round raised in 2013.
Boulder-based Gravity Renewables has raised a new $7 million round of equity funding that will help it continue to revamp hydroelectric plants around the country.
The Daily Camera reports that the company disclosed the funding round in a filing made with the Securities and Exchange Commission on Thursday.
Gravity, founded in 2012, operates and develops small hydroelectric power plants. Sometimes that means buying or leasing non-powered dams and adding hydroelectric facilities. Sometimes it means buying or leasing older plants to refurbish and operate.
The new funding round follows a $5.5 million round raised last summer as well as…
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