Lucid Energy is a pioneering company in the renewable energy industry, established in 2007 and headquartered in the United States. The company specializes in harnessing renewable, low-cost electricity from gravity-fed water pipes through its patented LucidPipe™ Power System. By enabling industrial, municipal, and agricultural facilities to produce clean, reliable, low-cost electricity from their gravity-fed water pipelines and effluent streams, Lucid Energy has carved a niche for itself in the energy sector.
With a mission to provide a new way for industries, especially those reliant on large amounts of water and electricity, to tap into the untapped energy of moving water, Lucid Energy's technology team developed an in-pipe turbine generator that captures energy from fast-moving water inside pipelines without disrupting operations.
It is noteworthy that the company secured a notable $5.72M Venture Round investment on 14 August 2013. This investment underscores investor confidence in Lucid Energy's innovative approach to generating renewable energy. As a company operating at the intersection of energy, renewable energy, and water industries, Lucid Energy is poised for continued growth and influence in the sustainable energy market.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Venture Round | $5.72M | - | 14 Aug 2013 | |
| Series A | $1.50M | 3 |
|
14 Dec 2012 |
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