James Lemke is a co-founder of Achates Power, which says it has used a dynamometer machine to show that its engine is more fuel efficient than other diesel engines.

James Lemke is a co-founder of Achates Power, which says it has used a dynamometer machine to show that its engine is more fuel efficient than other diesel engines. Photo by Melissa Jacobs.


ACHATES POWER INC.

President and CEO: David Johnson.

Financial information: Company has raised $60 million in venture capital.

No. of local employees: 53.

Investors: Madrone Capital Partners, Sequoia Capital, RockPort Capital Partners, Triangle Peak Partners, InterWest Partners.

Headquarters: Sorrento Valley.

Year founded: 2004.

Company description: It has developed an internal combustion diesel engine with better fuel efficiency and lower cost than conventional diesel engines.

Key factors for success: Solid financial backing and a highly skilled staff, which includes more than 40 engineers and scientists using state-of-the-art computer modeling and simulation tools.

Achates Power Inc...

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