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Nexterra secures $15 million in financing

Vancouver – Biomass gasficiation supplier Nexterra Systems Corp. has secured $15 million in equity financing from Tandem Expansion Fund and ARC Financial to accelerate the growth of Nexterra’s business.

“We believe that the market for small-scale biomass heat and power systems is poised to grow rapidly in the next few years to meet rising demand for on-site renewables, energy security and greenhouse gas reduction,” said Sandy Scott on behalf of Tandem Expansion. “When we looked at the biomass energy market, Nexterra clearly stood out due to its innovative and commercially proven technology, strong market position and seasoned management team.”