Jupiter, FL

Utility Coalition Adds Growth Capital and Global Reach for Gas Turbine Products

NEW YORK and JUPITER, Fla., June 22, 2017 /PRNewswire/ — Powerphase today announced that it has finalized a growth capital investment to expand sales for its gas turbine products from Energy Impact Partners (EIP), an investment fund whose global partners include Southern Company, Xcel Energy, TEPCO, PTT Thailand, Ameren, National Grid, Fortis, Avista, Oklahoma Gas & Electric, Madison Gas & Electric, and AGL Australia — more 170 GW of combined generation capacity.The growth capital investment is the first institutional investment round of capital for Powerphase, a company with multiple global installations of its Turbophase dry air injection system, a fast and cost-effective gas turbine upgrade for a new gas turbines or existing gas turbines allowing power plants to increase both revenue and profitability.Click here for the full press release.

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