2040 Energy

Zero-emissions heat for homes with radiators

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Security Type
CAFES
Categories
Technology, Energy, Sustainability
Min Investment
$100
Location
Bloomington, MN
Expected Close Date
April 30, 2025
Target Raise
$50.00K-$1.24M
No. Investors
65
Security Price
$1
Website
2040energy.com
Number of Employees
1
Cash
$17,992
Revenue
$0
Short Term Debt
$61,085
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-49,094

Key Deal Facts

Developing a high-temperature heat pump optimized for 6 million US homes with radiators
Estimated savings for customers of $500-$1,500/yr (for ~1.8 million homes on oil/propane)
$480k in homeowner pre-orders (w/ paid deposits)
Working demonstration prototype
$4B market for our first product
Potential to expand to adjacent markets totaling >$100B

Management Team / Advisory Board Bios

Joseph Strommen CEOGritty and determined founder of 2040 Energy. Self-trained mechanical engineer and experienced software developer. Designed and hand-built the first two generations of RenewaBoiler prototypes.
Amount Raised : $143,700
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Security Description

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