ITerum Energy

ITerum Energy

Early Stage

Low-cost, clean electric power

Low-cost, clean electric power


Funding data not publicly available

Castle Placement

Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Common



SEC Filing Type

RegCF    Open SEC Filing

Price Per Share


Pre-Money Valuation


Year Founded



Energy, Power, & Natural Resources

Tech Sector


Distribution Model




Capital Intensity



Las Vegas, Nevada

Business Type


ITerum Energy, with a valuation of $44.6 million, is raising funds on Castle Placement. The company aims to manufacture and market modular power generation systems to convert waste heat into low-cost and environment-friendly electric power. ITerum Energy deploys innovative renewable energy solutions into key markets to generate clean electric power and manage risks. The business has several competitive advantages, including flexible and scalable architecture, end-to-end solutions, and scalability across a wide range of industries and heat sources. Mark Ryan founded ITerum Energy in May 2011. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5,000,000. The campaign proceeds will be used for growth and expansion.

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Financials as of: 09/05/2022
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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.

Read Founder Interview

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ITerum Energy on Castle Placement 2022
Platform: Castle Placement
Security Type: Equity - Common
Valuation: $44,618,784
Price per Share: $2.00

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