GREEN ENERGY from Waste-Heat
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Tina Vital | Managing Director
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(917) 432-8474
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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
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
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
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
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
ITerum Modular Energy Systems
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
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.
Specific Risks
- Early-stage company risk – limited financial operating history, limited assets, and cash flows
- Liquidity risk – access to sufficient capital to deploy technologies
- Market risk – renewable energy is an emerging market that is fragmented with no clear direction or focus; adaption of technologies by customers may be slower-than-expected or face unexpected resistance; unexpected supply chain bottlenecks
- Operational risk – may incur higher than expected costs or experience unexpected problems; unexpected equipment / supply chain bottlenecks
- Key person risk – lightly-staffed and expertise is concentrated in a few key executives; expansion will require finding experienced executives and engineers to fill open positions
- Technology risk – new and/or preferred technologies may enter market; infringement on trade secrets
- Competitive risk – existing and/or new entrants, some with deep pockets and global operations, could develop and/or expand their technologies to compete in these markets
- Regulatory risk – change in government regulation could have a significant negative impact on market demand, pricing and/or costs
- Private securities are speculative, illiquid, and carry a high degree of risk – including the loss of the entire investment.
Kip asked – Does Intrum power have house units? 1350 sq ft?
Mark Ryan, CEO of ITerum Energy, replied to Kip – Thank you for your interest in ITerum Energy. Our focus is “Village Power” or industrial energy development. The smallest ITerum Energy device is 250kWh of production. This will provide power for approximately 200 US homes.