Sapphire Technologies Secures $18 Million Series C to Accelerate Growth, Including Investment from Mitsubishi Heavy Industries
Existing investors Equinor Ventures, Cooper and Company, and Energy Capital Ventures® participate; Capital used to expand Cypress, Calif. factory and deploy new projects
CYPRESS, Calif., Sept. 09, 2025 (GLOBE NEWSWIRE) -- Sapphire Technologies, manufacturer of power generation equipment, today announced the close of its Series C financing, including investment from Mitsubishi Heavy Industries, Ltd. (MHI) and alongside existing investors Equinor Ventures, Cooper and Company, and Energy Capital Ventures®. The capital will be used to increase capacity at Sapphire Technologies’ new Cypress, California manufacturing facility, continue to grow the installed base of FreeSpin® In-line Turboexpanders in key geographies such as Japan, and expand market reach into new applications.
Turboexpanders convert the energy wasted by pressure reduction processes into clean electric power. Assets in the energy sector often contain ready-to-develop pressure resources, like natural gas wells that must be choked prior to processing and transmission pipelines that must be let down before interconnecting with local distribution pipelines. Turboexpanders can be introduced into these processes to generate carbon-free electricity.
“Japan is one of the most important global markets for Sapphire,” said Freddie Sarhan, CEO of Sapphire Technologies. “We are deepening our commitment to our Japanese clients. This partnership will accelerate the deployment of waste pressure power generation equipment across natural gas infrastructure, supporting the world’s surging energy demand.”
“Technologies such as FreeSpin® have the potential to play a meaningful role in the energy transition by converting existing pressure into electricity without additional fuel or direct emissions,” said Ricky Sakai, Senior Vice President, Investment & Business Development, Mitsubishi Heavy Industries America, Inc. “Our investment supports the next phase of field deployments in key markets intending to add dependable capacity where demand is growing and lowering carbon intensity.”
About Sapphire Technologies
Sapphire Technologies is driving global decarbonization through developing and manufacturing modular power generation equipment for pressure energy projects. From 2021, its FreeSpin® In-line Turboexpanders have been deployed in assets like high pressure wells and natural gas pipelines to add reliable and clean generation capacity to the global electric grid. Scalable from kilowatt- to mega-watt class installations, Sapphire’s turboexpander system enables infrastructure owners to quickly generate new power while maximizing efficiencies, improving productivity, reducing carbon emissions, offsetting electrical costs, and generating cashflow. For additional information visit:www.sapphiretechnologies.com.
About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
About Equinor Ventures
Equinor Ventures is Equinor’s corporate venture capital arm dedicated to investing in ambitious early phase and growth companies. We believe that the innovation, creativity and agility of start-ups can drive change, and transition the energy industry towards a low carbon future.
About Cooper and Company
Cooper and Company is a private investment company based in Newport Beach, Calif., that acquires and actively develops assets on a long-term ownership basis. It has been a key shareholder of Calnetix Technologies for over 20 years and capital partner to Calnetix’s innovative subsidiaries. For more information, visit www.cooperandcompany.org.
About Energy Capital Ventures®
Energy Capital Ventures® (ECV) is the only early-stage venture capital firm solely dedicated to the sustainability, resilience and digital transformation of the natural gas value chain. In addition to this unique thesis which makes the firm champions for the innovation it has defined as green molecules®, ECV further differentiates itself with a customized engagement and deep integration with its corporate limited partners. This model enables Energy Capital Ventures® to bring together the innovation of the startup ecosystem with the scale of the natural industry to support game-changing, generational companies that will provide the clean, safe, reliable, cost-effective energy of the future. Learn more at www.energycapitalventures.com.
Media Contact:
Lara Schembri
lara@kitehillpr.com
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
