ITerum Energy
Low-cost, clean electric power
Overview
2011
Energy, Power, & Natural Resources
Cleantech
B2B
Low
High
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$0 |
$0 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-290,125 |
$-448,321 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$11 |
$0 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$3,097,299 |
$3,100,088 |
Short-Term Debt |
$898,510 |
$630,735 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$898,510 |
$630,735 |
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Founder Profile
ITerum Energy Founder Mark Ryan on Converting Waste Heat Into Energy
Burning fossil fuels is still the main method of generating energy throughout the world. With it comes an inevitable byproduct: waste heat, the leftovers that don’t get consumed. That heat energy has to go somewhere, though, so it escapes into the environment — usually the atmosphere or bodies of water. The consequences are more greenhouse gasses and worsening climate change.
ITerum Energy gives unused heat a purpose by storing it and converting it into electricity. The company determines which sources of energy are available at a site (including landfills, geothermal, and industrial waste heat) and uses what’s available with its modular, combinable conversion technologies. We reached out to founder and CEO Mark Ryan to hear more about the inspiration behind the company and how he gets scrappy.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.