About SiEnergy Systems
Allied Minds is more than a capital investment firm. Instead of managing funds, we foster innovation. We are the premiere seed organization for early-stage technology. Allied Minds focuses on innovations with significant transformative possibilities. Our goal is to open new frontiers and revolutionize the way we live.
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Latest SiEnergy Systems News
Mar 26, 2015
SiEnergy Systems Awarded Grant for $300,000 3/26/15 CAMBRIDGE, Mass.--( BUSINESS WIRE )--SiEnergy Systems, LLC, which is commercializing low temperature thin film solid oxide fuel cell (SOFC) technology from Harvard University, is pleased to announce that it was awarded a $300,000 grant from the Massachusetts Clean Energy Center (MassCEC) under their AmplifyMass program. AmplifyMass offers its awards to Massachusetts-based clean technology companies and university research projects that have been given funding by the U.S. Department of Energy’s ARPA-E (Advanced Research Projects Agency – Energy) program, which SiEnergy Systems won in 2014. SiEnergy Systems is developing a thin film SOFC for the portable and small power generation markets. The technology is designed to reduce fuel cell cost, and allow fast start-up and load-following capability by responding rapidly to changes in power demand. The targeted end result aims to be a practical, affordable, and energy efficient system that is able to use convenient fuels and significantly reduce fossil fuel consumption and greenhouse gas emissions. “We are very pleased to be a recipient of this grant, which will provide SiEnergy with resources to invest in additional research and development that will accelerate the progress of our technologies,” said Vincent Chun, General Manager of SiEnergy and a Vice President at its parent company, Allied Minds (LSE: ALM). “The support of the MassCEC goes beyond just the funding that they’re providing. MassCEC is engaged in pushing forward clean energy in ways that benefit the portfolio of companies that now includes SiEnergy, and opens up opportunities for advocacy and networking.” SiEnergy’s technology uses nanometer scale electrolytes to create SOFCs that operate at a commercially desirable temperature and is scalable to meet various power requirements. Thin film SOFC is a promising technology that provides solutions to cost and reliability challenges of fuel cells today. Fuel cells—or devices that directly convert the chemical energy of a fuel source into electrical energy—are considered optimal for distributed power generation systems, which generate power close to where it is used. Distributed generation systems offer an alternative to the large, centralized power generation facilities or power plants that are currently commonplace. While centralized power generation systems have an excellent economy of scale, they often require long transmission distances between supply and distribution points, leading to efficiency losses throughout the grid. Additionally, it is difficult for centralized power systems to balance power generation with the grid demand in the presence of intermittent renewable power sources. Fuel cells provide efficient power generation capability and improved grid stability through local balancing of the power supply and demand. SiEnergy Systems is a subsidiary of Boston-based Allied Minds. More information about the company and its research can be found at www.sienergysystems.com . About SiEnergy Systems, LLC SiEnergy Systems is commercializing a proprietary thin film solid oxide fuel cell technology developed at Harvard University. The technology uses commonplace high throughput solar/LED manufacturing processes to create SOFCs with nanometer-scale electrolytes that operate at low temperature, use less material, and are scalable to meet various power requirements. The “Silicon Energy” reduces the cost of SOFCs and creates clean and affordable mobile and small stationary power sources. For more information, visit www.sienergysystems.com . About Allied Minds Allied Minds (LSE: ALM) is an innovative U.S. science and technology development and commercialization company. Operating since 2006, Allied Minds forms, funds, manages and builds products and businesses based on innovative technologies developed at leading U.S. universities and federal research institutions. Allied Minds serves as a diversified holding company that supports its businesses and product development with capital, central management and shared services. More information about the Boston-based company can be found at www.alliedminds.com . Stories you Need to Know Stories you Need to Know It's on us. Share your news here.
SiEnergy Systems Frequently Asked Questions (FAQ)
When was SiEnergy Systems founded?
SiEnergy Systems was founded in 2007.
Where is SiEnergy Systems's headquarters?
SiEnergy Systems's headquarters is located at One Adams Place, Quincy.
What is SiEnergy Systems's latest funding round?
SiEnergy Systems's latest funding round is Unattributed VC.
How much did SiEnergy Systems raise?
SiEnergy Systems raised a total of $500K.
Who are the investors of SiEnergy Systems?
Investors of SiEnergy Systems include Allied Minds.
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