Management:
Founder, President-Rod Nash
VP Operations/Engagement-Kyle Frazer
VP Finance/Sourcing-Phillip Bird
Category: Zero Emission Renewable Geothermal Power Generation, Distribution Energy Resource, Net Zero Emissions Cogeneration.
Year Founded: 2015
Number of Employees: 3
Funding to Date:National Science Foundation (NSF) Phase I Grant (2222965), Autodesk Foundation Technology Impact Program (TIP) Grant X3, and personal savings.
Funding Stage & Needs:
Pre-Seed – @$550.000
Seed - @$15.4M Debt Offering
Use of Funds:
· Operations
· Scaled Prototype, Beta Unit
· Product Engineering & Development
· Product & Project Engineering
· Demonstration, Pilot Program, Commercialization
· Partnership Development
· Marketing/Sales
Funding Collateral:
· SAFE (Simple Agreement for Future Equity)
· SPV
· Debt - Investor Royalty
Exit Opportunities:
· PowerREIT
· Merger/Acquisition by Customer or Major EPC Firm
· IPO
Business Description: PowerSILO Inc. is improving global sustainability for Industrial Manufacturing, Data Centers, and Power Utility operations by providing the services and resources that help monetize available process waste heat, through the Discovery, Design, & Development of energy related assets. We use PowerSILO Technology to make NetZero or Zero Emission Power. PowerSILO Inc. monetizes Industrial Process Waste Heat for Cogeneration, and Geothermal based Renewable Energy for Distributed Microgrid Generation to enable customers to provide higher quality, more sustainable products & services.
Product/Market Fit:Product and Services derived from PowerSILO Technology include PowerSILO-GeoTRE that harnesses Low Grade Geothermal Hot Dry Rock (HDR) Energy, and PowerSILO-CoGen that harvests low grade process Waste Heat for Cogeneration. PowerSILO Inc. provides Engagement Services that support and secure the execution of A)20-25Year Retail Power Production Capacity Purchase Agreements-PPCPA with the installation of PowerSILO-CoGen Retrofits for Industrial Waste Heat Power Generation or B)20-25Year Wholesale Power Purchase Agreements-PPA with installation of PowerSILO-GeoTRE for Geothermal Renewable Energy Power Generation.
Business Model: PowerSILO Inc. provides services that support the strategic, operational and sustainability objectives of major domestic and international industrial manufacturing corporations, including:
· Energy Discovery (Strategic Consulting) Services
· Energy Design (Asset Design & Engineering) Services
· Energy Development (Project Development) Services
· Operations and Maintenance Services
PowerSILO Inc. experiences primary revenue from Consulting Engagements including Discovery, Design, and Development, that secure the execution of PCPA or PPA Agreements and Technology Licensing Agreements with Global Energy Development Partners. Additional revenue is derived from Operations and Maintenance, Fabrication and Component Sales.
Customers/LOI: In 2023, PowerSILO Inc. was awarded a National Science Foundation (NSF) Phase I Grant, however PowerSILO Technology has not been deployed with customers and has no Letters of Interest or Contract commitments at this time. Funding is sought for operations and prototype/demonstration unit development.
Management: Rod Nash (BA, MS) - President - Founder, PowerSILO Inventor; Focus is on Leadership, Strategy, Technology Commercialization, Energy Discovery, Design & Development. Phillip Bird (BA, MS) – VP Finance; Focus is on Financial Controls & Compliance | Supply Chain | Enterprise and Project Finance | Accounting. Kyle Frazer(BA, MS) – VP Operations & Engagement; Focus is on Customer Engagement, Operational Processes | Operational Efficiency Management | Data Analysis | Operations | Engineering | Product/Project Ops | Fabrication | Manufacturing. Initially, PowerSILO Inc. will augment legal, administration, engineering, marketing & sales needs from project-related consultants and add staff as growth supports expansion.
Technology Status: PowerSILO is a patented and trademarked Power Generation Technology. PowerSILO Technology uses the Combined Gas Law & Bernoulli Principle to create the Venturi Effect inside a vertical silo that forms a new way to generate a controlled & sustained +25mph ringed (halo) shaped airflow inside the VAVANT, the First of Its Kind Vertical Axis Vertical Airflow Nozzled Turbine, that produces clean, base load power; and operates within the self-contained Modified Updraft Tower (MUT) called The PowerSILO. PowerSILO is a NetZero/Zero Emissions heat agnostic power generation technology, that monetizes low grade thermal energy, i.e., industrial waste heat or Geothermal Hot Dry Rock (HDR) energy. PowerSILO is seeking funding for operations to accelerate commercialization; to build a physical prototype/demonstration unit, advancing existing Research Development efforts (from the current (Technical Readiness Level (TRL)) TRL4/5 to TRL8/9). The NSF Phase II Grant application submission is pending, as are grant application submissions to several Department of Energy Funding Announcements.
Markets: Retail PCPAs and Wholesale PPAs resulting in the installation of Industrial/Data Centers/Utility Cogen Retrofits and/or Geothermal based Renewable Energy Power Generation are the addressable market segments. PowerSILO’s 20Year, Combined Total Addressable Markets includes:
· U.S. Industrial Waste Heat Cogen Market: PCPA Value @$5,177.6B; @316GW
· Including @251 Nuclear Power CoGen Retrofit Projects: PCPA Value @$403.7B; @26GW
· U.S. GeoTRE Market: PPA Value @$986.1B; @64GW
· International Industrial Waste Heat Cogen Market: PCPA Value @$5,417.4B; @175GW
· International GeoTRE Market: PPA Value @$1,406.2B; @26GW
Competition: The list of competitors and potential competitors includes Industrial Plants, EPC/Engineering Firms, Government ESCOs, Do-It-All Companies, Unregulated Arms of Utility Companies, Equipment Suppliers, Consultancies, Carbon Credit Trading Companies, and Energy Consulting firms as well as traditional utility power generators. Developers of renewable power generation, i.e., solar and wind projects are direct competition for PowerSILO GeoTRE for Geothermal Renewable Energy Power resources when targeting Renewable Portfolio Standards requirements. PowerSILO CoGen enables thermoelectric power generators to increase overall efficiency and thus, Industrial Efficiency Consultants and Engineering evolve as possible competition and partners, indirectly.
Impact and Sustainability: PowerSILO’s mission is to protect the environment and decrease pollution by empowering power intensive industrial manufacturing processes to generate NetZero Emissions power from process waste heat and low grade geothermal renewable energy. PowerSILO enables the production of NetZero/Zero Emissions Products and Services that are of a higher quality, responding to, and reflecting the increasing environmental consciousness and sustainability needs and goals of local, regional, and national communities. We recognize that some form of power is used to produce almost every product or service on earth, the impact of increasing the efficiency of power generation and energy consumption, and in the production of vital commodities, such as power, water, hydrogen, and zero carbon fuels, will directly and positively impact global sustainability.