Temporal Power, a developer and manufacturer of high-energy flywheel technology, has raised $10 million in Series B equity financing. The company’s scalable power storage plants allow utilities and power generation companies to deliver efficient and cost-effective response capabilities to improve power quality on the electrical grid. Backing the company for this round were first time investor Enbridge and return investor Northwater Capital Management. The funds will reportedly be used for the commercial deployment of Temporal’s flywheel technology around the globe.
