RedWave Energy is developing technology and building a company to convert industrial waste heat to electricity at disruptive efficiency and price points. RedWave's technology is specifically designed to harvest low quality waste heat below 250°c that represents the most abundant source in an underserved market. Waste heat is generated by many industrial uses ranging from glass manufacturing to electric power generation plants. RedWave has identified electric power generation plants in the US alone as a $136 billion defined target market. Strategic end user and partner interest has been expressed in electric generation, flat glass manufacturing, glass container manufacturing, integrated circuit manufacturing and others.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 07/27/16 | $5,500,000 |
Energy Foundry EnerTech Capital PRIME Coalition | undisclosed |
