Emrgy announced it raised $13.1 Million in an initial filing from an offering of $23.8 Million
09/27/22, 4:04 PM
Location
atlanta
Money raised
$13.1 million
Industry
energy
Company Info
Location
75 5th st. nw
atlanta, georgia, united states
Additional Info
Emrgy designs and deploys modular, scalable hydroelectric solutions without the need for construction or dams. Compared to intermittent solutions like solar and wind, the controllable nature of these waterways enable higher capacity factors, do not require adjacent technologies such as storage, and ultimately deliver quicker and greater value to the customer. While in-canal hydro market potential has not been adequately quantified to date, the US market conservatively represents >6GW of undeveloped potential. Emrgy has developed a proprietary, global resource assessment tool to better characterize and quantify the vast, immediately available in-conduit hydroelectric potential.
Emrgy's turbine arrays empower our customers to monetize the energy content of their existing waterway asset that is otherwise ignored. We partnered with the City of Atlanta & Southern Company to showcase technological capabilities of the product in 2016, and in 2017 the Company partnered with Denver Water & The Bureau of Reclamation to install the first array of distributed hydropower in the United States.