Ciris Energy Closes Round of Financing
Published On January 27, 2010 |
Ciris Energy, Inc., a technology-based energy production company located in Centennial, Colorado, has closed an undisclosed round of financing with GE Energy Financial Services, a unit of GE (NYSE: GE), Braemar Energy Ventures and Rho Ventures.
The new capital will fund Ciris’ next stage of development of its proprietary technology aimed to biologically convert coal to methane in large-scale quantities at low cost.
According to the company, this technology, currently under commercial-scale field tests, is more economical than conventional natural gas development and thermo-chemical gasification processes.