Houston, Texas [RenewableEnergyAccess.com] Equus Total Return, Inc., a business development company, announced a $3 million investment in Infinia Corporation, of Kennewick, Washington. Infinia is a developer of Stirling-cycle based products and technologies designed for critical applications.
Infinia is focused on commercializing a Stirling power system operating on concentrated solar power (CSP) for commercial and residential users. The Solar Stirling product is expected to be available in 2008.
In addition to the concentrated solar product, Infinia and its partners are commercializing high-efficiency combined heat and power (CHP) products for the global appliance industry. Also in development is a biogas- fired Stirling generator to provide electricity and thermal energy for rural areas of developing countries.
“Our Stirling engines are unique — they are reliable,” said J.D. Sitton, CEO of Infinia, “operate on many different heat sources, and provide a platform for energy products that will change the way the world generates and utilizes energy.”
“The Fund seeks to invest in small cap companies with significant growth potential,” said Sharon Clayton, Vice Chairman of Equus, who will be joining the Infinia Board of Directors. “Our business development strategy contemplates opportunities in twenty-first century trend sectors, including alternative energy.”
The financing round included investments by Idealab (Pasadena, CA), Khosla Ventures (Menlo Park, CA), Vulcan Capital (Seattle, WA) and existing investor Power Play Energy, LLC (New Canaan, CT).