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ICR Turbine Engine Corporation
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Short description

Developer of gas turbine engine that is a replacement for diesel engines in mobile and stationary markets

Founded in 2009
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector buildings

TRL Range 4-6
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
TRL Range

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Headquarters Hampton, NH Hampton, United States
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Updated by Jim Bennett at ICR Turbine Engine Corporation on 03/18/2014

Edited by Cleantech Group on 07/27/2021

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Date Company
Partnerships
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Date Partner Type
Brayton Energy Brayton Energy
Partnership to develop the next generation microturbine
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Confirmed by Brayton Energy
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Investment Rounds
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IPO INFORMATION

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Date Investors Type Amount
11/21/2012 New Venture Partners New Venture Partners , Chesapeake NG Ventures Chesapeake NG Ventures , Encana Encana (3)
Post-money valuation of
Update 08-16-2013: Based on an updated regulatory filing, one of the two previously unnamed strategic investors participating in this round appears to be Chesapeake Energy. Chesapeake's Bryan Lemmerman has joined the company's board in conjunction with the investment. The round also included participation from two unnamed strategic investors. The company intends to use the capital to continue ongoing engine testing and development and to initiate commercialization with OEM partners in heavy-duty truck transportation and on-site power generation.
Series A $10,000,000
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Products
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ICR350

A 350 kW intercooled and recuperated gas turbine with high efficiency and power density for use in HD trucks and stationary power applicaitons

Product Development Products - Wholesale
$/kW (current)
$/kW (projected)
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$/kWh (projected)
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