# Qnergy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qnergy

- Industry: Power & Utilities
- Headquarters: Ogden, US
- Website: www.qnergy.com
- Total disclosed funding: $46M
- Latest round: Series C (Nov 17, 2021)
- Investors on record: 3

## About

Qnergy Ltd. is focused on providing innovative energy solutions that significantly reduce methane emissions, harnessing waste sources to generate useful energy, primarily through their PowerGen generators.Founded in 2009 and headquartered in Ogden, US, Qnergy Ltd. specializes in methane abatement technologies. The company has established four deals, with its latest funding round being a Series C, raising USD 16.000 mn on November 17, 2021, led by the Oil and Gas Climate Initiative and supported by Tene Capital. The CEO, Ory Zik, has a background in energy management and innovation.Qnergy specializes in providing innovative solutions aimed at reducing methane emissions while generating useful energy from waste sources. The company’s core offerings include the PowerGen series of generators, which operate at power levels of 600, 1200, 1800, and 5650 watts. These generators are designed to utilize unrefined natural gas and biogas derived from organic waste, landfills, dairy farms, and industrial kitchens. Additionally, Qnergy’s Compressed Air Pneumatics (CAP) solutions are specifically engineered to replace methane emissions at gas well sites, utilizing compressed air technology. This comprehensive suite of products serves a diverse client base within the oil and gas sector, as well as in agricultural and waste management industries, primarily across North America and expanding into markets in South America and Europe.Qnergy's revenue model is structured around direct sales of its products and strategic partnerships within the energy sector. The company engages in business-to-business transactions, supplying its generators and methane abatement technologies directly to clients in oil and gas operations, agricultural facilities, and landfill management. Revenue is generated through the sale of flagship products, such as the PowerGen generators and CAP solutions, tailored to meet the specific needs of various industries. Pricing plans are customized based on the technical specifications and power capabilities required by the end-users, allowing for flexibility in addressing diverse operational demands. Through these structured transactions, Qnergy aims to foster long-term relationships with its clients, driving recurrent sales and maintaining ongoing support for their methane abatement initiatives.In November 2021, Qnergy Ltd. raised USD 16.000 mn in Series C funding led by the Oil and Gas Climate Initiative, which will be utilized to accelerate deployment across the natural gas sector in North America and globally, while expanding into new markets. The company is focused on introducing new products that enhance methane emission reduction capabilities and plans to enter South American and European markets, enhancing its international footprint by 2023.

## Funding rounds

- Series C, Nov 17, 2021, $16M — Tene Capital, Oil and Gas Climate Initiative
- Series B, Apr 23, 2020, $10M — Tene Capital, Oil and Gas Climate Initiative, Kibbutz EHI
- Series A, Jun 3, 2015, $20M — Tene Capital

## Investors

- Tene Capital (https://capitalatlas.ai/funds/tene-capital) — Series A, Series B, Series C
- Oil and Gas Climate Initiative — Series B, Series C
- Kibbutz EHI — Series B