Enviro Power Secures Series A Financing from Burnham Holdings and Connecticut Innovations
BURNHAM HLDGS INC A (BURCA)
NASDAQ:AMEX Investor Relations:
burnhamholdings.com
Company Research
Source: PR Web
HARTFORD, Conn. (PRWEB) January 09, 2020 Enviro Power, a Hartford-based energy-tech company, today announced it has secured investment from Burnham Holdings and Connecticut Innovations, closing out its series A funding round. The new round will be used to reach serial production of the SmartWatt Boiler technology – a competitively priced heating system designed to generate close-to-zero cost electricity and provide backup power with the potential to significantly reduce utility bills for millions of building owners while lowering its carbon footprint and enhancing grid resiliency."The addition of Burnham Holdings as a strategic investor gives us a unique advantage given that the SmartWatt Boiler, which is essentially a high-efficiency heating system with a power plant inside, is similar to products produced by various Burnham Holdings subsidiaries," said Dan Nadav, CEO, Enviro Power. "Burnham Holdings' investment allows us to leverage Burnham's decades of HVAC manufacturing experien
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