- Intelligent Power Generation, a British climate-tech company, raised £2 million in the first close of its Series A funding round
- The round led by a consortium of experienced angel investors
- A further £1-2.5m will raised before final close
- The company also intends to use the funds for the continued development of its turbine technology designed to accelerate the decarbonization of fuel-based power
- IPG advancing the Flameless Ceramic Turbine, which designed to deliver pollutant-free power from any fuel, enabling businesses to transition from natural gas sources to alternative fuels
- The company is working with leading universities, government agencies and pioneering companies to bring distributed fuel-based power to market
