An entrepreneurial company in Wiscasset that is developing a sophisticated turbine engine that can use multiple fuels has raised $2.2 million to add staff, buy manufacturing equipment and set up a factory. Peregrine Turbine Technologies is gearing up for what CEO David Stapp calls a “disruptive” technology that creates electricity efficiently from fossil fuels or biomass pellets. “We are doing technologically challenging and expensive technology development.

Sections:  u.s.   
Topics:  Maine   Penobscot County   Bangor   

 

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