LOUISVILLE, Colo., September 14, 2011 - Pebble Twist Discipline today announced it congested 35 million in Course B Preferred Stockfinancing. The financing was provided by intermittent furrow producer Molycorp, Inc. (NYSE:MCP) and possibility funds portly NEA. Molycorp is the Western hemisphere's really producer of intermittent furrow oxides (REO) and the principal REO producer self-regulating of Breakables. NEA is a key sponsorship musician in the clean energy, IT, and vigor accuracy spaces, in the same way as above than 11 billion in ardent funds. Also the sponsorship, Molycorp joins NEA on the ruling body of Pebble Twist Discipline. It likewise positions Molycorp to become the "most wanted provider" of intermittent furrow magnets and/or alloys for wind generators passing through Pebble Twist Power's far along drivetrain technology.
BWP is new and commercializing a ominously different stream provoke, fatal extract generator for neighborliness scale wind turbines. The Stiff is presentation in the same way as wind turbine manufacturers to blend in its patented generator and power converter designs and components popular their later generation wind turbines. The BWP technology behest maintain manufacturers to attend to wind turbines in the same way as a sum of energy 20% to 30% less than to be had geared and stream provoke technologies. The technology likewise provides a loutish podium that can be scaled up for chubby onshore and offshore wind turbines.
Pebble Twist Power's patented technology allows for the use of intermittent furrow fatal magnets that do not necessitate dysprosium, a to a certain extent scarce intermittent furrow. By utilizing dysprosium-free fatal magnets, and other business innovations that outstandingly assist the use of structural blade and filch the use of worthwhile laminated electrical blade, wind turbines incorporating Pebble Twist Power's technology are expected to style power at or less than 0.04 cents per kilowatt-hour, positioning it to dash justified in the same way as fossil fuel-based generation.
"The familiarity along with Molycorp and Pebble Twist Discipline is heartfelt symbiotic," assumed Pebble Twist Power's Dissoluteness Skull of Positive Plan and Main Lucrative Endorsed, Tim Connor. "It enables Pebble Twist Discipline to oath its consumers of intermittent furrow sharing and provides a extreme echo popular the wind festival for Molycorp to stockpile large quantities of the intermittent furrow reserves hand-me-down in fatal magnets."
"Pebble Twist Power's far along technology promises to outstandingly collect the worldwide employment of high-efficiency, bigger wind turbines," assumed Reckoning A. Smith, Molycorp's Skull and Main Authoritative Endorsed. "By thriving solving the dysprosium sharing disturb for the wind turbine concern, this technology removes a principal barrier to the progress of fatal extract generator wind turbines corner to corner worldwide markets. This sponsorship likewise furthers Molycorp's 'mine-to-magnets' group propose, and our loyalty to production value-added garden-fresh energy reserves,' by administration us in the same way as potentially large markets for the alluring intermittent furrow reserves we behest style."
Dirty Butterfield, Pebble Twist Power's Main Authoritative Endorsed, said: "We are delighted to be in possession of Molycorp as a principal buccaneer and colleague in Pebble Twist Discipline. Immediately doorway to Molycorp's alluring intermittent furrow reserves positions our high point technology to be far adopted and deployed and behest tip-off collect the expansion of our throng."
"Flanked by such an far along wind energy technology in the same way as U.S. sourced intermittent furrow production creates many potentially efficient synergies," assumed Dan Arvizu, Stuck-up of the U.S. Type of Energy's Express Renewable Excitement Laboratory (NREL). "It promises to fix the know-how of the U.S. to manufacture wind turbines domestically and to dash above thriving in worldwide markets."
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FOR Greater than INFORMATION:
Pebble Twist Discipline Sheet
Peter Smith, +1 (303) 630-1405
peter.smith@boulderwindpower.com
MOLYCORP Sheet
Jim Sims, +1 (303) 843-8062
Dissoluteness Skull Transaction Communications
Jim.Sims@Molycorp.com
NEA Sheet
Kate Barrett, +1 (301) 272-2318
NEA
kbarrett@nea.com
About Pebble Twist Discipline
Pebble Twist Discipline is a breed throng based in Pebble, Colorado that has seasoned a ominously different stream provoke wind turbine generator for neighborliness scale electricity generation. The Company's later generation technology is simpler, above invigorating and smaller number dearest to maintain than alternative wind turbine technologies. Pebble Twist Power's products behest maintain the production of electricity at a sum outstandingly under than to be had assistance and competitive in the same way as fossil fuel energy production reimbursement. The Stiff behest be a technology provider to wind turbine manufacturers and sharing its patented generator and electronics for combination popular their products. Turbine product navy behest likewise be provided to maintain Pebble Twist Power's consumers to steadily increase and attend to later generation wind turbines incorporating the BWP generator and electronics. For above information, lose your footing www.boulderwindpower.com.
About MOLYCORP, INC.
Also offices in the U.S., Europe, and Japan, Molycorp, Inc. is the really intermittent furrow oxide (REO) producer in the Western Hemisphere and the principal REO producer self-regulating of Breakables. In reward to its modern production of intermittent furrow oxides at its flagship intermittent furrow scene and admin factory at Crest Revealed, California, the Stiff produces intermittent furrow metals, intermittent furrow alloys (such as neodymium-iron-boron and samarium-cobolt alloys) and intermittent metals such as niobium and tantalum. The intermittent earths and intermittent metals Molycorp produces are methodical inputs in to be had and growing applications including: clean energy technologies, such as hybrid and electric vehicles and wind power turbines; combined futuristic uses, together with fiber optics, lasers and normal fly around drives; scores of protection applications, such as guidance and force systems and worldwide positioning systems; bigger sea therapy technology for use in viable, services and outside recreation applications; and other technologies. For above information request lose your footing www.molycorp.com.
About NEW Firm Followers
New Firm Followers, Inc. (NEA) is a train possibility funds and expansion equity portly decisive on distribute entrepreneurs physique transformational businesses corner to corner combined stages, sectors and geographies. Also around 11 billion in ardent funds, NEA invests in information technology, healthcare and energy technology companies at all stages in a company's lifecycle, from take the stones out of progress through IPO. The firm's hope for cage put on tape of effectual investing includes above than 170 portfolio throng IPOs and above than 280 acquisitions. In the U.S., NEA has two offices in the Washington, D.C. inner-city coverage and one in Menlo Scenery, California. In reward, New Firm Followers (India) Pvt. Ltd. has offices in Bangalore and Mumbai, India and New Firm Followers (Beijing), Ltd. has offices in Beijing and Shanghai, Breakables. For extra information, lose your footing www.nea.com.