Overview

Deal Terms

Company Profile

Deal Summary

Financials

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ITerum Energy

Platform

Castle Placement

Start Date

09/05/2022

Close Date

08/31/2023

Min. Goal

$25,000

Max. Goal

$5,000,000

Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$2.00

Pre-Money Valuation

$44,618,784

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ITerum Energy

Year Founded

2011

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Las Vegas, Nevada

Business Type

Growth

Company Website

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.

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

Financials as of: 09/05/2022

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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