Emrgy raises $18M to scale hydropower projects in canals and water infrastructure.
Emrgy, a startup that installs small turbines in irrigation canals to generate electricity, has raised $18.4 million to scale up its technology for carbon-free hydropower. The turbines are placed in existing canals, avoiding disturbance to the natural environment. Each installation generates between 2 and 10 megawatts, enough to power a neighborhood or small campus. The company plans to use the funding to hire more people, develop projects, and open an assembly facility in Colorado. The Inflation Reduction Act is helping by offering incentives for US-based clean energy manufacturing.