Dynamo Micropower ‘s Growth Assisted By MassDevelopment Emerging Technology Fund Loan
03/30/2015
Dynamo has developed a scalable 15-75kW flexible-fuel, portable micro-turbine platform that meets the power challenges of oil and gas wells by reducing maintenance and fuel expenses. The turbine operates on associated petroleum gas, propane, or compressed natural gas in a single unit. Dynamo’s micro-turbine emissions control exceeds regulatory requirements, while its reliability translates to a lower cost of ownership.
“Managing cash needs is a big challenge for small companies like Dynamo,” said Jason Ethier, President/CEO of Dynamo Micropower. “The funding from MassDevelopment’s Emerging Technology Fund provides us with cash reserves that help reduce our need for costly equity capital.” The bridge financing from the Emerging Technology Fund will support federal Small Business Innovation Research grant awards.
“MassDevelopment’s support of Dynamo Micropower is yet another example of leadership and investment in the Massachusetts start-up and clean energy ecosystem,” said Emily Reichert, CEO of Greentown Labs. “To date, MassDevelopment has been a supporter of Greentown companies with direct assistance—as with Dynamo—and also by supporting the start-up ecosystem through Greentown’s Manufacturing Initiative, which helps make it possible and desirable for more companies to stay and grow in Massachusetts.”
“The Commonwealth thrives thanks to its innovation economy,” said Marty Jones, President/CEO of MassDevelopment. “We’re thrilled that the entrepreneurs at Dynamo Micropower can use this Emerging Technology Fund loan to help grow in Massachusetts and develop their micro-turbine technology to provide a more efficient option than those currently on the market.”
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025