Sweetwater Energy Raises $7 Million Series B Financing and Announces 15-Year Deal with Pacific Ethanol for $100 Million

Sweetwater Energy, Inc - Rochester, NY

December 18, 2013

Sweetwater Energy completed a Series B financing from undisclosed investors, adding $7 million to its coffers. The additional amount boosts the funding received in the Series A and Series B rounds to $16 million. The funding primarily will be used for the design and fabrication of its first commercial facilities. This round brings its total funding to date to around $17.2 million. Sweetwater Energy also landed its fourth multimillion contract to supply a California firm with industrial sugars for the production of cellulosic ethanol. The 15-year deal is estimated to be worth roughly $100 million.

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500 Lee Road
Rochester, NY 14606

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