# Stash Energy

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

- Industry: Consumer Products
- Headquarters: Fredericton, Canada
- Website: www.stash.energy
- Total disclosed funding: $0.5M
- Latest round: Seed (Jun 11, 2018)
- Investors on record: 2

## About

Stash Energy Inc. is a Canadian company that specializes in innovative thermal storage heat pump systems, aimed at enhancing energy efficiency and reducing utility costs for both residential and commercial users.Founded in 2016, Stash Energy Inc. is headquartered in Fredericton, Canada, focusing on thermal energy solutions. The company has engaged in two funding deals, with the most recent occurring on September 9, 2019, when it raised CAD 0.4 million in venture funding from Island Capital Partners and New Brunswick Innovation Foundation. The founder, Daniel Larsen, has a background in energy solutions, contributing to the firm’s innovative approach in the energy sector.Stash Energy specializes in innovative thermal storage heat pump systems designed to enhance energy efficiency, lower utility costs, and mitigate demand on the utility grid. Their core product offerings include patented thermal storage systems that allow both residential and commercial users to manage energy consumption effectively. By utilizing these systems, customers can store energy during off-peak periods and utilize it when demand is higher, thereby optimizing their energy expenses. Stash Energy targets a diverse client base, including homeowners, businesses, and commercial establishments across various geographical markets in North America, particularly in urban areas that experience fluctuating energy rates. The company's solutions are particularly beneficial for consumers looking to transition to sustainable energy practices while achieving cost savings.Stash Energy generates revenue through direct sales of its thermal storage heat pump systems to both individual consumers and commercial entities. The company engages in B2B transactions, working alongside retailers and distributors to expand its reach within the energy market. Customers typically purchase the systems outright, with potential additional revenue from installation services and ongoing maintenance contracts. The pricing structure aligns with the value proposition of energy savings and grid demand reduction, making it an attractive investment for energy-conscious consumers and businesses. While specific pricing details for the flagship thermal storage systems are not disclosed, the focus remains on delivering cost-effective energy solutions that enhance overall efficiency and sustainability.Stash Energy plans to leverage its recent funding of CAD 0.4 million, raised in September 2019, to develop upcoming products that enhance energy efficiency. The company aims to expand into new markets across North America, particularly targeting urban regions where energy costs fluctuate significantly. Specific plans include the introduction of upgraded thermal storage systems designed to meet the evolving needs of both residential and commercial customers, although exact release dates have not been disclosed.

## Funding rounds

- Seed, Jun 11, 2018, $0.5M — New Brunswick Innovation Foundation, Island Capital Partners

## Investors

- New Brunswick Innovation Foundation (https://capitalatlas.ai/funds/new-brunswick-innovation-foundation) — Seed
- Island Capital Partners (https://capitalatlas.ai/funds/island-capital-partners) — Seed