General Compression Completes $60 Million Series B Financing

摘要

2012 DEC 7 (VerticalNews) -- By a News Reporter-Staff News Editor at Energy Business Journal -- General Compression, Inc. ("GC"), announced that it has closed on the final tranche of a $60 Million Series B Financing. Proceeds from this round of investment will be used to continue to fund the company's technology commercialization and project development activities. GC's first utility-scale project is currently under development in Texas and will showcase the ability to store intermittent wind generation for use on demand. The demonstration project features a wind turbine integrated with proprietary GCAES™ technology and a salt cavern.