Warren, R.I.-based TPI Composites Inc., a manufacturer of large-scale composite structures for the wind industry and other markets, has closed $22 million in Series A convertible preferred equity financing from new and existing investors.
NGP Energy Technology Partners led the investment round and was joined by Angeleno Group and return investor Landmark Growth Capital Partners, TPI adds. As part of the transaction, Philip Deutch, managing partner of NGP Energy Technology Partners, will join TPI's board of directors.
