We continually search for companies that combine innovation in renewable energy with a high potential for success.
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London, UK (PRWeb UK) October 4, 2010
Black Pearl Capital Partners (“BPCP”) today announced that it participated in the latest round of financing for Infinia Corporation, a Kennewick, WA company with a uniquely scalable solar power solution that will enable broad access to inexpensive, mass-manufactured solar power.
The financing, which was led by GLG Partners with participation from BPCP and includes previous investors such as Vulcan Capital, will enable Infinia to fund the commercial launch of its PowerDish product.
"We’re excited about being a part of a technology that could change the way we view and use solar energy. Infinia has the makings of a company that could set a new standard for clean, emissions-free electricity,” said Reza Irani-Kermani, CEO of Black Pearl Capital. “We continually search for companies that combine innovation in renewable energy with a high potential for success.”
The PowerDish converts the sun's heat into electricity by coupling Infinia's patented, low-cost and maintenance-free Stirling engine with a dish-style solar concentrator to create electric grid-ready solar power.
About Black Pearl Capital Partners
Black Pearl Capital Partners is a private equity fund with a committed capital of USD 50m set up and managed by Black Pearl Capital (“BPC”). BPC is an asset management and advisory firm registered in the Cayman Islands, with offices in Europe and the Middle-East where its dedicated team of professionals provide its clients with specialized wealth and investment management services, as well as deal specific transaction advice. For more information, visit http://blackpearlcap.com.