ElectraTherm Inc. of Reno has raised $18.2 million in fresh capital through an offering of equity and options.
The company said in a filing with the Securities and Exchange Commission that seven investors participated in the private offering, which was limited to sophisticated investors.
ElectraTherm's technology captures low- and mid-temperature waste industrial heat and uses it to generate electricity. A recent installation, for instance, captures waste heat from a compressor station on a natural gas line to generate electricity.
