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
andhardest to abate
heavy industry segments.
SolarSteam’s purpose is to decarbonize some of the
highest emitting
andhardest to abate
heavy industry segments.
SolarSteam’s purpose is to decarbonize some of the
highest emitting
andhardest to abate
heavy industry segments. 
SolarSteam’s purpose is to decarbonize some of the
heavy industry segments.
highest emitting
andhardest to abate
heavy industry segments.
SolarSteam’s purpose is to decarbonize some of the
highest emitting
andhardest to abate
heavy industry segments.
SolarSteam’s purpose is to decarbonize some of the
highest emitting
andhardest to abate
heavy industry segments. 80%
of industrial energy used is in the form ofHEAT
80%
of industrial energy used is in the form ofHEAT
the problem
we address is theelephant
in the energy room
the problem
we address is theelephant
in the energy room the problem
we address is theelephant
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
andhigh emissions.
Since the industrial revolution, heat has been generated by
burning fossil fuels.
The problem with this process
is the
high cost
andhigh 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
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) $2.2MFUNDING
to date $2.2MREVENUE
to date $250kENGAGEMENT PIPELINE
$50M+CONDITIONALLY APPROVED
$8MIP
USPTO & PCT patent pending
traction
FUNDING
to date (equity + grants) $2.2MREVENUE
to date $250kENGAGEMENT PIPELINE
$50M+CONDITIONALLY APPROVED
$8MIP
USPTO & PCT patent pending management team
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.
