Dynamo Micropower develops a turbine based power solution (50HP) for the oilfield that provides grid-like power quality while saving money.
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.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Apr 2, 2013 | Grant | $1.10M | 1 | National Science Foundation | — | Detail |
Investor Name | Lead Investor | Funding Round |
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National Science Foundation | Yes | Grant |