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Tuesday, January 3, 2012

Beijing: GMZ Energy Secures $14 Million in Series C Funding to Produce New Class of Renewable Technologies

GMZ Energy Secures $14 Million in Series C Funding to Produce New Class of Renewable Technologies; Closes Oversubscribed Financing Round - MarketWatch: "GMZ Energy, a leader in thermoelectric materials and systems and a GE ecomagination Challenge winner, today announced it secured $14 million in Series C financing. The new investment was led by Mitsui Ventures and includes I2BF Global Ventures, Energy Technology Ventures (a joint venture of GE, NRG Energy and ConocoPhillips), Kleiner Perkins Caufield & Byers and BP Alternative Energy. With the new funding, GMZ will expand its engineering and go-to-market capabilities as the company moves into production of a new class of renewable technologies."

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