Sapphire Technologies, an energy technology company, has closed its Series A round led by Cooper and Company and joined by Equinor Ventures and Chevron Technology Ventures.

Sapphire Technologies is a spin-off from Calnetix Technologies, known for its disruptive innovations in high-speed motors and generators, magnetic bearings and power electronics for a variety of applications and industries.

Sapphire Technologies develops, manufactures and sells energy recovery systems for both natural gas and hydrogen industrial and commercial applications. These reliable and sustainable systems are specifically designed to convert the energy wasted in pressure reduction processes into clean electric power without interrupting manufacturing or processing activities.