Clear Path Alternative School

Hastings Equity Builds Leading Utility Consulting Platform with Investment in Clear Path Utility Solutions

Retrieved on: 
Wednesday, April 26, 2023
Insurance, Forvie National Nature Reserve, Partnership, Celerity, Vista Equity Partners, KSM, Clear Path Alternative School, Acquisition, Growth, Financial services, Construction, Management, Public utility

BOSTON, April 26, 2023 /PRNewswire-PRWeb/ -- Hastings Equity Partners ("Hastings"), a preferred capital partner to founders of lower middle market businesses, is pleased to announce their Fund IV portfolio company, Celerity Consulting Group, LLC ("Celerity"), has acquired Clear Path Utility Solutions ("Clear Path"). This is the first add-on investment Celerity has completed since Hastings acquired the company in May 2021.

Key Points: 
  • Hastings Equity Partners ("Hastings"), a preferred capital partner to founders of lower middle market businesses, is pleased to announce their Fund IV portfolio company, Celerity Consulting Group, LLC ("Celerity"), has acquired Clear Path Utility Solutions ("Clear Path").
  • BOSTON, April 26, 2023 /PRNewswire-PRWeb/ -- Hastings Equity Partners ("Hastings"), a preferred capital partner to founders of lower middle market businesses, is pleased to announce their Fund IV portfolio company, Celerity Consulting Group, LLC ("Celerity"), has acquired Clear Path Utility Solutions ("Clear Path").
  • Clear Path services include consulting and project management, major event and disaster management, and work verification.
  • The partnership between Clear Path and Celerity provides new service offerings and end-market expansion through the addition of vegetation management consulting.

Avalanche Energy Achieves Record 200kv Electrostatic Fusion Milestone and Closes $40 Million Series A Funding Round

Retrieved on: 
Monday, April 24, 2023
Nuclear fusion, Defense Innovation Unit, University, Autodesk, Spacecraft, Ion, Noetics, Clear Path Alternative School, Avalanche, Founders Fund, Green Climate Fund, Jan Vansina, Seed, Transport, Lithium

SEATTLE, April 24, 2023 /PRNewswire/ -- Avalanche Energy, a fusion energy startup developing modular fusion micro-reactors, today announced that it achieved a record of 200 kilovolts in its micro-fusion reactor and closed a $40M Series A round led by Lowercarbon Capital, with major participation from Founders Fund and Toyota Ventures. Also following on their Seed round investment are Congruent Ventures, Grantham Foundation and Clear Path. New participants also included Autodesk, MCJ Collective and the Climate Capital Syndicate. Avalanche recently operated their second prototype reactor at 200 kilovolts making it the highest known operating voltage of any fusion device since the University of Wisconsin at Madison produced 190 kilovolts in a 2006 experiment. The funding, which follows the company's 2021 $5 million seed round led by Prime Impact Fund, will be used to continue the company's accelerated work to test, develop and optimize its high-voltage orbitron prototypes, in addition to miniaturizing components critical to delivering a stand-alone, micro fusion reactor.

Key Points: 
  • Also following on their Seed round investment are Congruent Ventures, Grantham Foundation and Clear Path.
  • Avalanche Energy has been designing, building and testing micro-fusion reactors that are small enough to fit on a desk since 2021.
  • This new round of funding will allow us to scale up to run more tests at a faster pace that will ultimately enable us to deliver energy producing micro-fusion reactors."
  • In May 2022 , the Defense Innovation Unit awarded a prototype contract to Avalanche Energy to demonstrate the next generation of nuclear propulsion and power generation for spacecraft.