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Calgary skyline
lake Louise
lake Louise

Pre Seed

$ 1 M
Closed Q4 2021

Funding stats

Seed

$ 2.5 M
Opened Q1 2023

Soft Circled

$ 750 k
400k closed

Funding stats

Pre Seed

$ 1 M
Closed Q4 2021

Seed

$ 2.5 M
Opened Q1 2023

Soft Circled

$ 750 k
400k closed
SolarSteam is raising a US$2.5M Seed priced round at US$12.5M valuation. We also have a SAFE with a 20% discount for investors that want to come in early.

our interactive Investor slide deck

SolarSteam’s purpose is to decarbonize some of the

highest emitting

and

hardest to abate

heavy industry segments.
pie chart
SolarSteam’s purpose is to decarbonize some of the

highest emitting

and

hardest to abate

heavy industry segments.
pie chart
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.
pie chart
SolarSteam’s purpose is to decarbonize some of the

highest emitting

and

hardest to abate

heavy industry segments.
pie chart
SolarSteam’s purpose is to decarbonize some of the

highest emitting

and

hardest to abate

heavy industry segments.
pie chart

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 elephant in the room, heating

the problem

we address is the

elephant

in the energy room
the elephant in the room, heating

the problem

we address is the

elephant

in the energy room
the elephant in the room, heating
Since the industrial revolution, heat has been generated by

burning fossil fuels.

The problem with this process is the

high cost

and

high emissions.

GHG and money bags
Since the industrial revolution, heat has been generated by

burning fossil fuels.

The problem with this process is the

high cost

and

high emissions.

GHG and money bags
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

Commercialization Roadmap

commercialization roadmap

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

FUNDING

to date (equity + grants) $2.2M

FUNDING

to date $2.2M

REVENUE

to date $250k

ENGAGEMENT PIPELINE

$50M+

CONDITIONALLY APPROVED

$8M

IP

USPTO & PCT patent pending
IMMI logo
innovative solutions logo
vertue lab logo
NRC logo
alberta-innovates-logo
innovate-calgary-logo
cta-denver-logo
Nrel-logo
innovation capital logo
funds of funds logo
Alberta-logo
canada-logo
eco-canada-logo
gener8tor logo
nbif-logo
energia-ventures-logo
foresight-logo
plug and play logo
European Union logo
opperational programme logo

traction

FUNDING

to date (equity + grants) $2.2M

REVENUE

to date $250k

ENGAGEMENT PIPELINE

$50M+

CONDITIONALLY APPROVED

$8M

IP

USPTO & PCT patent pending
IMMI logo
innovative solutions logo
vertue lab logo
NRC logo
alberta-innovates-logo
innovate-calgary-logo
cta-denver-logo
Nrel-logo
innovation capital logo
funds of funds logo
Alberta-logo
canada-logo
eco-canada-logo
gener8tor logo
nbif-logo
energia-ventures-logo
foresight-logo
plug and play logo
European Union logo
opperational programme logo

management team

Robert Garth headshot

Director of Technology

Robert Garth headshot

Director of Technology

Supported by a team of 3 FT 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

VIDEO PITCH AT GENER8TOR

VIDEO PITCH AT GENER8TOR

Invest in SolarSteam

Seed Round: $2.5M + 20% discount via SAFE on first $1M
VC minimum check size $100k / Angel minimum $25k
Committed & Soft Circled $750k

Questions for Investor Opportunities can be emailed to info@solarsteam.ca or submitted by the form below.

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