GREEN ENERGY from Waste-Heat

Industry

Infrastructure/ Real Assets/ Technology

Company Type

CleanEnergy/ Renewables / Waste-to-Power

Location

U.S.

Size

$44 Million

Investment Type

Equity/Debt
For important risk and disclaimer information, Click Here.

Contact: Tina Vital, Managing Director

Email: tvital@castleplacement.com

Helping Great Companies Grow

Overview

ITerum Energy Company is seeking $44 million in capital (excluding $12.24 million of sponsor equity) to  manufacture and market modular power generation systems to convert GHG emissions and waste-heat into low cost, environmentally-friendly electric power (Waste-to-Power, or WTP).

  • More at a lower cost – proprietary modular and scalable systems are lower cost and more efficient than current alternatives
  • Partners with emitters of GHG and Waste-Heat – to install and manage energy solutions – customers sell surplus power to grid
  • Rapidly expanding huge market – global WTP market is projected to climb to $25.7 billion in 2026E (from $13.4 billion in 2021)
  • Experienced management team – successful track record building and managing energy, industrial manufacturing, and technology companies

ITerum Energy has identified new  opportunities within the renewable energy industry through our capability to convert a variety of energy sources into a range of useful utilities

Helping Great Companies Grow

Problem- Waste-Heat and GHG Emissions

Nearly three-quarters of all energy produced by humanity is squandered as waste heat – no new technologies are exploring ways to capture and reuse this vast renewable resource.

  • Fossil fuels are major contributors to waste heat pollution and GHG emissions – which has led to negative environmental concerns such as global warming, weather changes and a variety of illnesses
  • Industrial, utilities, and transportation – largest source of waste heat with enormous potential to be converted to renewable power (WTP)
  • Landfills, waste incineration, and agricultural waste – emit methane and biogas which contribute to GHG emissions
Helping Great Companies Grow

Opportunity

To limit global warming to 1.5 degrees Celsius, over $131 trillion (34% efficiency, 26% renewables, 22% electrification, 18% other) is estimated to be required between 2021 and 2050E.

  • Renewable energy markets have been led by wind and solar – but new opportunities are emerging to increase the utilization of other renewable energy resources such as waste heat recovery, geothermal, biomass, and hydro
  • Global WTP market is projected to climb to $25.7 billion in 2026E from $13.4 billion in 2021
Helping Great Companies Grow

Solution/Strategy

ITerum deploys innovative, engineered renewable energy solutions into key markets where we utilize our industry knowledge, experience, and contacts to create – Energy from Renewable Sources™. 

  • More at a lower cost – proprietary modular and scalable WTP systems are lower cost and more efficient than current alternatives
    • approximately 40% less expensive
    • about 3x more electric power produced per unit
    • manages all heat streams simultaneously – both heating and cooling
    • fewer units required – simple project design and maintenance
  • Environmentally friendly – generates clean electric power (fuel-free, emissions-free) using locally sourced GHG emissions and waste heat
  • Additional high-value utilities – heating, cooling, potable water, hydrogen, and EV charging
  • Proprietary engineering, software, and process design – commercially available and proven technologies – know-how, trade secrets and trademarks
Helping Great Companies Grow

Partnership Model

Partner with emitters of GHG and waste-heat to create…

  • Heat Energy Conversion System – SPV LLCs
  • New revenue streams – customers use green electric power or sell surplus green electric power to the Grid
  • Mature and extensive pipeline of potential partners
Helping Great Companies Grow

ITerum Modular Energy Systems

Helping Great Companies Grow

Competitive Advantages

  • Flexible and scalable architecture – easy transport and installation (modular system arrives assembled); maximizes power generation (collects waste-heat from wide variety of sources); one comprehensive system (collection, storage, and generation of electric power); AI/ML software for predictive failure to reduce downtime; low-cost and more efficient than current alternatives
  • Creates end-to-end solutions – easily integrates with existing industrial processes and renewable power projects – no disruption to operations, maintains existing system as backup
  • Suitable across a wide range of industries and heat sources – such as diesel power generation, geothermal, solar thermal, other renewables
Helping Great Companies Grow

Management

Mark Ryan – Founder, Executive Chairman, President and Chief Executive Officer

  • Over 30 years of continued success in building and managing companies. Founded ITerum Energy / Pyramid Green Power in 2011. Held senior positions in accounting/finance, operations, marketing and sales, product development and engineering. Early career positions with major corporations including Hughes Electronics and Parker Hannifin. Co-inventor of LTPC Prime Mover. Platinum LEED certification. Graduate studies in Business Administration. M.S. Engineering from Portland State University. B.S. Finance and Accounting from Oregon State University. 

Todd E. Stevens, PhD – Director of Technology

  • Over 20 years of technology development, technical management, and consulting experience for renewable energy, fuel cell and semiconductor companies. Since 2020, Director of Technology, ITerum Energy. Since 2010, Managing Director and Consultant, Inovus Energy. Prior Vice President of Engineering at Neah Power; Vice President of Engineering at Neah Power; Senior Project Engineer at Mesoscopic Devices; and Director of Research and Development at Synetics Solutions. Former Assistant Professor at Oregon Institute of Technology. Licensed Professional Engineer (PE). PhD and M.S. in Mechanical Engineering from Clarkson University – characterized advanced solar materials as a NASA fellow. B.S. in Mechanical Engineering from the University of Maine.

Oussama Laraichi, PhD – Director of Operations

  • Over 10 years of international experience in industrial management and technology with expertise in supply chain management. Business Analytics and Systems Transformation at Wolters Kluwer Health. Previously worked in Integrated Resource Planning at Portland General Electric, and in Business Systems Transformation at Arkadin. Prior Project Manager for cutting edge ERP solutions at Groupe PSA, a leading European automotive corporation. PhD in Technology Management from Portland State University. M.S. in Information Systems Management and B.S. in Computer Science from the University of Bordeaux (France).

Cullen P. Ryan – Secretary and Director of Field Operations

  • Over 10 years of engineering experience applying renewable energy technologies. Regional Field Services Manager at Powin Energy.  Applications Engineer, Leviton Manufacturing Corp. Internships with Intel and Industra Construction. Absentee Shawnee Native American Tribe. Member of American Indian Science and Engineering Society (AISES), Association of Energy Engineers (AEE), and IEEE – Power and Energy. M.S. in Global Energy Management from the University of Colorado. B.S. in Renewable Energy Engineering from Oregon Institute of Technology.

Subscribe
Notify of
guest

2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

Sending