Portland-based Lucid Energy has rounded up $600,000 from an Israeli crowd-funding group called OurCrowd.
The company designs turbines that generate electricity from water flowing through municipal, agricultural or industrial pipes. Portland is in line to get four of its turbines in a city water line at SE 147th and Powell.
Lucid will be using the crowd funding to roll out its in-pipe hydropower systems in across the globe.
Lucid Energy CEO Gregg Semler said the systems can help pay for city infrastructure while generating clean energy. Only one city – Riverside, Calif. – has an operating system so far. But San Antonio and Haifa, Israel are next in line. And many other cities have expressed interest.
OurCrowd has exclusive membership and focuses on funding start-ups in Israel. But the proposed Lucid project in Haifa inspired founder Jonathan Medved to invite the company onto his platform.
“In Israel, we are passionate about clean water and renewable energy technologies,” said Medved. “When we saw considerable interest in the LucidPipe technology from a major Israeli water agency, we realized that Lucid Energy is a game-changer for water agencies who constitute one of the world’s largest consumers of energy.”