Alphabet Energy is commercializing thermoelectric waste-heat harvesting technology developed at Lawrence Berkeley National Laboratory and just raised $16 million in Round B funding, led by corporate strategic investor Encana, a developer of natural gas and other energy sources. Existing investors TPG Biotech, Claremont Creek Ventures and the CalCEF Clean Energy Angel Fund also participated in the round. This funding adds to the $12 million round A raised in 2011 and a $1M seed round in 2010.
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