Dynamo Micropower

company

About

Dynamo Micropower develops a turbine based power solution (50HP) for the oilfield that provides grid-like power quality while saving money.

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Details

Last Funding Type
Grant
Last Funding Money Raised
$1.10M
Industries
Energy,Hardware,Oil and Gas
Founded date
Apr 11, 2011
Number Of Employee
1 - 10
Operating Status
Active

Dynamo develops a turbine-based power solution (50HP) for the oilfield that provides grid-like power quality while saving money. The company also specializes in the development of power solutions based on advanced fuel-flexible gas turbine technology tailored to the needs of the oil and gas industry. It also provides a solution to address this challenge in the fully packaged power plug-and-play solution for the oil and gas industry which operates on flare gas and delivers grid quality power.

Dynamo equipment operates on local unrefined gas, reducing the cost of energy by up to 80%, while superior power quality improves the performance of driven equipment by up to 25%. It has fielded six turbines with marquee customers such as Kinder Morgan & Caterpillar and has booked 18 units for 2018.

Dynamo was founded in 2011 and is headquartered in Boston, Massachusetts, USA.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$1.10M
Dynamo Micropower has raised a total of $1.10M in funding over 2 rounds. Their latest funding was raised on Apr 2, 2013 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Apr 2, 2013 Grant $1.10M 1 National Science Foundation Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Dynamo Micropower is funded by 1 investors. National Science Foundation are the most recent investors.
Investor Name Lead Investor Funding Round
National Science Foundation Yes Grant