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Dynamo Micropower
Grid-like power quality while saving money
About Dynamo Micropower
Dynamo Micropower was a developer of small, fuel-flexible gas turbine engines targeting the oil and gas, construction, and distributed generation markets. The company, incorporated in 2011, was co-founded by CEO Jason Ethier, who graduated from Duke University with a BSE and previously was a founding employee at another engine startup, Capire Micropower. Ethier and his co-founder relocated from North Carolina to Somerville, Massachusetts, to join the Greentown Labs incubator, leveraging the region's entrepreneurial ecosystem to advance their technology.
The company's core business was designing and manufacturing power generation systems that could operate on various gaseous or liquid fuels, including waste gas from oil fields. This fuel flexibility was a key selling point, as it allowed clients, particularly in the oil and gas industry, to convert otherwise wasted flare gas into usable electricity for powering rig machinery and sensors. This process was designed to lower lease operating expenses and reduce the environmental impact of flaring. Dynamo Micropower sold its engines and control systems to Original Equipment Manufacturers (OEMs) who integrated them into final products.
One of its primary products was the TurboCore engine, a scalable micro-turbine platform. This technology was engineered to be a more reliable and lower-maintenance alternative to traditional reciprocating engines. For instance, the company partnered with Multitek, a manufacturer of forestry and industrial equipment, to integrate the TurboCore engine into a flameless industrial heater, which promised over 40% reduction in operating costs compared to diesel equivalents. After initially launching with grant funding from the National Science Foundation and the Department of Energy, the company secured over $2.5 million through a combination of private investments and grants by 2015. However, despite its early commercial traction and technology development, public records indicate the company underwent liquidation in May 2020. The provided domain, haircutmengandytampafl.com, appears to be unrelated to the business, belonging to a Sport Clips haircut franchise in Tampa, Florida.
Source: Dealroom company dataAt a glance
- Founded
- 2011
- Headquarters
- Boston, United States
- Sector
- Fintech
Knowledge graph
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
MassChallenge
Surge Ventures
Texas Halo Fund
Series A1 investor entered at this stage
Houston Angel Network
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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