Greenwood Technologies gets $3 million in venture capital. Gather logs. Burn them. Heat your home.
| September 18, 2007 |  View for printing |
So far this year, those archaic steps have reaped Bellevue-based Greenwood Technologies http://www.greenwoodfurnace.com/ $3 million in venture capital and put it on track to reach nearly $5 million in sales.
The company says it has developed a superefficient way to burn wood to heat buildings -- a breakthrough that could overhaul a largely unregulated industry long known for its polluting ways and attract customers looking to switch to a renewable energy source.
By JOSEPH TARTAKOFF P-I REPORTER
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