Teragen Energy, an advanced fuel cell company building modular power solutions for data centers, industrial sites, and utilities, has closed a $6 million pre-seed funding round to expand its testing and manufacturing infrastructure, grow its engineering team, scale up its core technology, and accelerate commercialization with data center, industrial, and utility partners.
BEVC and Energy Capital Ventures co-led a pre-seed investment round, with participation from AP Ventures, AIC Ventures, Massachusetts Clean Energy Center (MassCEC), and UntroD Capital Asia.
Victor Pascucci III, Managing General Partner at Energy Capital Ventures, said, “The natural gas industry is the backbone of the energy expansion. The industry needs more modular and scalable technology to provide the clean, safe, reliable, cost-effective energy of the future. Teragen’s next-generation fuel cells are vital to the future of energy and the energy expansion.”
Founded on breakthroughs from Berkeley Lab, the US Department of Energy, and ARPA-E, Teragen Energy is developing novel power generation and energy storage solutions that will revolutionize how we power our world. To meet this goal, our founding team blends expertise in electrochemistry, energy technology scale-up, manufacturing, project development, and electricity markets.
“Today’s society runs on electricity, and tomorrow’s even more so,” said Dr. Ruofan Wang, CEO of Teragen Energy. “By redefining what a fuel cell can do, Teragen Energy can drive down both electricity costs and emissions without sacrificing reliability.”