# Sierra Energy Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sierra-energy

- Industry: Power & Utilities
- Headquarters: Davis, US
- Website: sierraenergy.com
- Total disclosed funding: $33M
- Latest round: Series A (Jul 29, 2019)
- Investors on record: 6

## About

Based in the US, Sierra Energy Corporation specializes in advanced waste conversion technologies, utilizing innovative methods to transform waste into renewable energy, addressing both energy production and waste management needs.Sierra Energy Corporation, founded in 2004, operates out of Davis, California, in the US. The company focuses on advanced waste conversion through its proprietary FastOx™ gasification technology. The founder, Mike Hart, has substantial experience in the field, and the company has secured funding through a Series A round in July 2019, raising USD 33.00 mn led by Breakthrough Energy Ventures, with participation from various investors including BNP Paribas and Cox Enterprises Inc. Since its inception, Sierra Energy has completed a total of 1 deal in its operational timeline.Sierra Energy specializes in advanced waste conversion technologies, primarily through its proprietary FastOx™ gasification system. This technology effectively transforms a variety of waste materials—such as municipal solid waste, biomass, hazardous waste, tires, and medical waste—into clean synthesis gas without combustion or additional waste byproducts. This innovative solution aims to produce renewable energy and fuels while addressing significant waste management challenges. The company markets its FastOx gasification technology to a diverse clientele, including municipalities, defense agencies, and private sector companies involved in waste disposal and energy production. Its partnerships with entities like the U.S. Army and the California Energy Commission highlight its role in supporting both public and private sectors across various geographical markets.Sierra Energy generates revenue primarily through licensing its FastOx gasification technology to clients managing waste and seeking renewable energy production. Clients typically pay licensing fees to utilize the technology within their operations, allowing for scalability as they can integrate the FastOx system into existing waste management and energy production facilities. The licensing agreements reflect the value of the technology in converting waste into energy, making it a crucial component for clients aiming for operational efficiencies.Sierra Energy is focusing on the development and commercialization of its FastOx® gasification technology, supported by the USD 33.00 mn raised in the Series A funding round in July 2019. The company plans to expand into new markets, with specific geographic regions targeted for growth not detailed. The funding will be utilized to enhance the technology and potentially reach new clients in both domestic and international markets, furthering its goals in sustainable waste management.

## Funding rounds

- Series A, Jul 29, 2019, $33M — Cox Enterprises Inc., Breakthrough Energy Ventures, BNP Paribas, The March Group, Formica Ventures AB, Twynam Investments

## Investors

- Cox Enterprises Inc. — Series A
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A
- BNP Paribas — Series A
- The March Group (https://capitalatlas.ai/funds/the-march-group) — Series A
- Formica Ventures AB — Series A
- Twynam Investments (https://capitalatlas.ai/funds/twynam-investments) — Series A