19 Jul 2010
Technology gurus turned venture capitalists Bill Gates and Vinod Khosla have invested a combined $23.5m in EcoMotors. This will enable the company to complete development and testing of its Opoc engine.
Opoc – opposed piston, opposed cylinder – is essentially a two-stroke engine which is half the size and weight of a conventional internal combustion engine of comparable output and can thus achieve up to 50 per cent greater fuel efficiencies with commensurate emission reductions. It uses many fewer moving parts than conventional engines, which makes it cheaper to manufacture, operate and maintain.
The opoc engine is a suitable replacement for conventional engines in any application, says EcoMotors, including land, marine and air transport, agriculture and auxiliary power generation.
Securing this series-B exclusive funding is a big step towards commercialising the Opoc technology, EcoMotors chief executive Don Runkle said in a statement.
Runkle is a former vice president of engineering at General Motors where he led development of GM’s EV1 electric car. EcoMotors chairman and chief technical officer, professor Peter Hofbauer was responsible for designing Volkswagen’s high-speed diesel engine, the power train for the Jetta Clean Diesel that was voted 2009 Green Car of the Year.
LATEST STORIES ABOUT INVESTMENT
YOU MAY ALSO LIKE
LATEST JOBS
TODAY'S TOP STORIES
HIGHLIGHT
Companies must be more open about which groups they fund and why, say green marketing experts
INSIGHT
INSIGHT
The science and practical application of an improved method for the specification of power and cooling infrastructure for data centres
A look at alternative approaches to managing energy for cost and/or sustainability reasons in data centres
WHAT DO YOU THINK? Add your comment