Thursday, July 21, 2011
Idealab Backs Clean Power Technology Firm
Pasadena-based Idealab announced today that it has invested in a developer of clean energy generation technology. The firm has invested in Cool Energy, a Boulder, Colorado based developer of Stirling engine technology, used to convert heat energy into power. Financial details of the funding were not announced. Cool Energy's technology takes waste heat from industrial processes and other sources, and efficiently converts it into electrical power.