Qnergy Secures $20M in Series A Financing Round

Qnergy_logoQnergy, an Ogden, UT- and En-Harod Ihud, Israel-based energy technology company, secured an additional $20m for its Series A financing round.

The round was led by Tene Investment Funds, an Israeli PE fund, with participation from its existing investors.

The company intends to use the funds for continued growth.

A spin-off of Ricor Cryogenic and Vacuum Systems, Qnergy provides the Stirling closed-cycle external combustion engine, which can generate electrical power using virtually any heat source including gas, bio-gas, propane, wood, coal, natural waste and solar for for residential, commercial, and industrial installations.

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