Planetary Power Raises $3.4M

cell_towerPlanetary Power is getting backing as it shifts focus. The business model had focused on providing efficient powering options to construction sites, mining operations and other remote sites, according to GeekWire. For the past year, the company has refocused its technology on providing power to telecommunications towers.

The company, according to the story, just raised $3.4 million in a Series A round from angel investors. The company now has more than $10 million in funding. The story says that Planetary Power’s CEO says that more than 1 million towers worldwide are not connected to a reliable grid. These unconnected towers often run on inefficient and costly generators. The company’s pitch is that its HyGen hybrid generators are a better choice.

Last year, RCR Wireless posted a feature on options for power telecommunications towers.

Financing Environmental Resiliency and a Low-Carbon Future with Green Bonds
Sponsored By: NSF International

Packaging LED & Advanced Rooftop Unit Control (ARC) Retrofits for Maximum Performance
Sponsored By: Transformative Wave

The New Energy Future - Challenges and Opportunities in Corporate Energy Management
Sponsored By: Edison Energy

Your Facilities Hidden Value: 10 Benefits of Monitored Facilities Your Business Should Consider
Sponsored By: Ecova, Inc.


Leave a Comment

User Name :
Password :
If you've no account register here first time
User Name :
User Email :
Password :

Login Now