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General Compression
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Developer of isothermal compressed air energy storage systems to provide fuel-free energy storage for renewable energy generation

Founded in 2006
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Company type Acquired Public ()
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Industry Group energy & power

Sector energy storage

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Newton, MA Newton, United States
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  • 1 M&A items
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04/14/2010
ConocoPhillips ConocoPhillips
General Compression, Inc., a Massachusetts company developing an innovative compressed air energy storage system, has signed an agreement with ConocoPhillips to develop compressed air energy storage (CAES) projects, beginning with a pilot project in Texas, using General Compression’s Advanced Energy Storage (GCAES) technology.
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Confirmed by ConocoPhillips
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Date Investors Type Amount
11/19/2012 US Renewables Group US Renewables Group , ConocoPhillips ConocoPhillips , Duke Energy Duke Energy , Serious Change Fund Serious Change Fund , Wellford Capital Wellford Capital , Northwater Capital Management Northwater Capital Management (6)
Post-money valuation of
General Compression (GC) has closed the final tranche of a $60 million Series B financing round.
 Series B $39,600,000
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