EnerG2, a Seattle-based startup in the energy storage market, has raised $2.5 million in equity and options reports Xconomy. EnerG2’s latest funding is on top of the fall 2008 $8.5 million financing round led by OVP Venture Partners of Kirkland and Firelake Capital Management of Palo Alto, California. EnerG2 uses University of Washington technology to create ultracapacitors which store and release more energy faster than conventional batteries.
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Xconomy – Seattle – June 2, 2009
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