Kineticor Resource Corp., a Calgary, Alberta, Canada-based energy services company, closed an $80m equity financing.
Harbert Power, LLC, made the investment on behalf of its affiliate Harbert Power Fund V, LLC.
The company intends to use the proceeds to fund current and future projects which are in various stages of development.
Founded in March 2013 and led by Andrew Plaunt, President & CEO, Kineticor focuses on providing customized on-site power generation solutions across Canada. The company purchases, develops, and owns power projects, which include flare gas, power, baseload power, and cogeneration.