Lucid Energy raised $5.7 million for its in-pipe hydroelectric system.
The funding may not represent a complete round for Lucid. The company indicated it’s seeking $8 million in its current financing efforts. Such figures given to the SEC, though, are often fluid.
Lucid’s in-pipe hydroelectric system is expected to be operational by October. It’s being installed as part of a system upgrade at Southeast Powell Boulevard and 147th Street in Portland.
Read more at Sustainable Business Oregon.