Echogen Power Systems
Latest round
- Series A
Last raised
- Jun 2010
Total raised
- $2.1M
Investors
- 1
About Echogen Power Systems
Echogen Power Systems, Inc.Founded by Phil Brennan, Echogen Power Systems, Inc. is headquartered in Akron, US, and operates as an independent entity. The company focuses on energy solutions and has undergone no major pivots or changes since its inception.Echogen Power Systems specializes in advanced energy solutions, primarily focusing on three core products: Pumped Thermal Energy Storage (PTES), supercritical CO2 (sCO2) heat pumps, and waste heat recovery (WHR) systems. The PTES utilizes a CO2 heat pump to store and discharge electricity as thermal energy, leveraging low-cost materials like sand, water, or concrete for energy storage. This innovative system is engineered for long-duration performance, addressing the need for efficient energy storage across various generation sources, including solar and nuclear. The sCO2 heat pumps provide high-grade heat and steam for industrial applications, operating efficiently at temperatures up to 400°C, thus facilitating emissions reduction without major operational disruptions. Echogen's WHR technology captures waste heat from industrial processes and converts it into electricity, enhancing energy efficiency and sustainability.Echogen Power Systems generates revenue through B2B transactions, primarily focusing on partnerships with industrial facilities and energy developers. The company’s revenue model includes direct sales of its proprietary technologies, such as PTES and sCO2 heat pumps, along with service agreements for system integration and maintenance. Clients typically engage in long-term contracts that provide a stable revenue stream, with transactions structured around project-based pricing tailored to specific industrial applications. The pricing framework is designed to align with the unique needs of each client, ensuring their energy efficiency goals are met while facilitating a return on investment through reduced operational costs.Echogen Power Systems is focused on future growth through the development of new products and expansion into new markets. The company plans to enhance its product lineup with new thermal energy storage solutions and waste heat recovery technologies by 2023. Additionally, Echogen aims to expand its operations into European and Asian markets by 2025, targeting energy developers and industrial sectors in these regions.00 mn will be primarily utilized to support the research and development of these new technologies, as well as to facilitate entry into the new geographic markets.
Who invested in Echogen Power Systems
1 investor across 2 rounds
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Questions about Echogen Power Systems
Who invested in Echogen Power Systems?
Echogen Power Systems has 1 investor on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Echogen Power Systems raised?
Echogen Power Systems has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Echogen Power Systems last raise money?
Echogen Power Systems's most recent round on record is a Series A, in Jun 2010.
What does Echogen Power Systems do?
Echogen Power Systems is a power & utilities company.
Where is Echogen Power Systems headquartered?
Echogen Power Systems is headquartered in Akron, US.
Which VCs invest in companies like Echogen Power Systems?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back power & utilities companies at Echogen Power Systems's stage. Their profiles are linked below.
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