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Pre-Seed

Closed Q2 2022

$ 200 k

Funding stats

Seed 1

Closed Q2 2024

$ 800 k

Non-Dilutive

To Date

$ 2 M

Funding stats

Pre-Seed

Closed Q2 2022

$ 200 k

Seed 1

Closed Q2 2024

$ 800 k

Non-Dilutive

To Date

$ 2 M

SolarSteam is in due diligence with a lead investor for their next round. Contact us for details on our next raise.

our interactive Investor slide deck

SolarSteam’s purpose is to decarbonize some of the

highest emitting

and

hardest to abate

heavy industry segments.

SolarSteam’s purpose is to

decarbonize some of the

highest emitting

and

hardest to abate

heavy industry segments.

SolarSteam’s purpose is to decarbonize some of the

highest emitting

and

hardest to abate

heavy industry segments.

SolarSteam’s purpose is to decarbonize some of the

highest emitting

and

hardest to abate

heavy industry segments.

SolarSteam’s purpose is to decarbonize some of the

highest emitting

and

hardest to abate

heavy industry segments.

SolarSteam’s purpose is to decarbonize some of the

highest emitting

and

hardest to abate

heavy industry segments.

80%

of industrial energy used is in the form of

HEAT

80%

of industrial energy used is in the form of

HEAT

the problem

we address is the

elephant

in the energy room

the problem

we address is the

elephant

in the energy room

the problem

we address is the

elephant

in the energy room

Since the industrial revolution, heat has been generated by

burning fossil fuels.

The problem with this process is the

high cost

and

high emissions.

Since the industrial revolution, heat has been generated by

burning fossil fuels.

The problem with this process is the

high cost

and

high emissions.

Our technology provides the same product – HEAT, without the problem of supply, cost and emissions.

from design to construction to operation

TRL7 pilot

TRL7 pilot

Our solution addresses a trillion dollar market.

TAM
$1.15T

SAM
$200B

SOM
$2.5B

2,080,000 MWh
Generated / year

1,300 MWt Deployed

Saving $350M / year

800,000 tonnes of CO₂
Displaced / year

TAM
$1.15T

SAM
$200B

SOM
$2.5B

2,080,000 MWh Generated /year

1,300 MWt Deployed

Saving $350M / year

800,000 tonnes of CO₂ Displaced / year

2030

REVENUE MODELs

1. Turnkey (pre-construction / $25k to $150k + one time sale / 35% margin + recurring O&M / 50% margin)

2. Energy as a Service (charge out rate of $35 to $90 / MWh depending on size and location / 50% margin)

1. DESIGN

20% of revenue (one-time)

3 completed 4 in discussion $600M in potential revenue by 2033

2. PILOT/DEMOs

5% of revenue (one-time)

1 completed 5 in discussion $150M in potential revenue by 2033

3. TURNKEY or EaaS

70% of revenue (one-time)

$2.1B in potential revenue by 2033

4. O&M

5% of revenue (recurring)

$150M in potential revenue by 2033

REVENUE MODELs

1. Turnkey (pre-construction / $25k to $150k + one time sale / 35% margin + recurring O&M / 50% margin)

2. Energy as a Service (charge out rate of $35 to $90 / MWh depending on size and location / 50% margin)

1. DESIGN

20% of revenue (one-time)

3 completed 4 in discussion $600M in potential revenue by 2033

2. PILOT/DEMOs

5% of revenue (one-time)

1 completed 5 in discussion $150M in potential revenue by 2033

3. TURNKEY or EaaS

70% of revenue (one-time)

$2.1B in potential revenue by 2033

4. O&M

5% of revenue (recurring)

$150M in potential revenue by 2033

traction

SIGNED CONTRACTS

$800k

CAPITAL RAISED

$3M To Date

ENGAGEMENT PIPELINE

$80M

CONDITIONALLY APPROVED

$5.6M

IP

USPTO & PCT patent pending

traction

FUNDING

to date (equity + grants) $2.2M

REVENUE

to date $250k

ENGAGEMENT PIPELINE

$50M+

CONDITIONALLY APPROVED

$8M

IP

USPTO & PCT patent pending

management team

Apostol Radev

CEO

Jonathan Sheeran

CRO

Robert Garth

Director of Technology

Apostol
Radev

CEO

Jonathan
Sheeran

CRO

Robert
Garth

Director of Technology

Supported by a team of 4 FT Employees, 2 PT Employees 6 Advisors and 2 Industry Partners

On November 30, we celebrated this win with Foresight Canada and a group of international investors, industry partners, and the Canadian cleantech community in Calgary. “It is truly inspiring to see the innovative cleantech solutions this year’s Foresight 50 ventures are scaling to solve the world’s most urgent climate challenges and accelerate the transition to net zero. Congratulations and thank you for all you do to support Canadian cleantech and the global green economy.” — Jeanette Jackson, CEO, Foresight Canada

Invest in SolarSteam

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