Fort Capital Partners is pleased to announce that G2 Power, Inc. (“G2Power” or the “Company”), a U.S. based clean energy licensing, engineering and manufacturing firm, has successfully completed its Series A1 financing round to accelerate the commercialization of its breakthrough MULTIgeneration Indirect-Fire Supercritical Oxy-Combustion (sCO2) technology which operates with inherent ~100% CO2 capture or without.
Unlike legacy power generation that only generates electricity and in some instances also process heat, G2Power’s MULTIgeneration Modular Clean Energy Solution generates affordable 24/7 electricity without relying on government incentives, generates no cost large-scale water production, generates no cost large-scale 99% purity CO2 production/capture, generates no cost already compressed ~100% CO2 capture, and can generate large-scale steam demand up to 670ºC and large-scale heat demand up to 1,100ºC+.
Its MULTIgeneration Modular Clean Energy Solution eliminates the need for external carbon-capture plants. Unlike post combustion capture, there is no requirement for the use of amines and there are no resulting n-nitrosamines.
Each G2Power 10MW or 40 MW module can be fuel-flexible (natural gas, coal-based syngas or hydrogen) and scalable to multi-gigawatt configurations for enhanced oil recovery, data centers, synthetic fuel producers, power generation and other industrial applications.
This Series A-1 was financed by Prometheus Energy, LLC, founded by Michael Hillebrand, a visionary oil and gas entrepreneur, with four decades of experience in building energy companies, including Olympus Energy, which was recently acquired by EQT Corporation for $1.8 billion.
The company’s upcoming Series A-2 financing will raise an additional USD $70 million, complementing a ~$50 million investment from a global OEM strategic partner, to fund the G2Pilot – a commercial-scale demonstration of G2Power’s Indirect-Fire sCO₂ MULTIgeneration System. No new technology needs to be developed. The G2Pilot is an integration of mature technologies.
“This investment allows G2Power to advance our mission to deliver our Modular MULTIgeneration System to our customers beginning in 2028—addressing the current unprecedented demand for 24/7 clean reliable firm power, water production and CO2production/capture for enhanced oil recovery,” said Jeff Haas, Chief Commercial Officer, G2Power.
“We’re excited to partner with G2Power in bringing this transformational technology to market. Its ability to produce behind-the-meter and distributive modular affordable firm, clean power – with simplified no cost carbon capture – no cost for pure H2O production for data centers or for frack water sourcing – and no cost for CO2 production/capture with 99% purity for enhanced oil recovery – is exactly the kind of innovation our industry needs,” said Michael Hillebrand, Founder & CEO, Prometheus Energy LLC.
Fort Capital Partners acted as financial advisor to G2Power on this Series A-1 financing and will continue to advise on the upcoming Series A-2 round.