Test the Waters
Icarus Rt
Hybrid PV/Thermal Solar Plus Storage Cogeneration System
Icarus’ core mission is to safely empower our team, our customers, and our community to provide more-reliable, less-expensive, and cleaner global energy. To that end, we are steadfast in our commitment to produce quality, game-changing products and services through innovation and focus.
- Security Type
- Convertible Note
- Industry
- Tech
- Min Investment
- $100
- Location
-
San Diego, CA
- Offering Date
- September 03, 2021
- Expected Close Date
- December 02, 2021
Management
Mark Anderson, Founder & CEO
Anderson has 40+ years of energy industry experience and has consulted on renewable energy projects globally for the past 12 years. Anderson was the Project Director and Engineer of Record for the 29 MW Chevron BrightSource Solar to Steam Project.
Ron Pitt, CTO & Vice President
Pitt has been a C-suite leader in alternative energy and energy efficiency technology companies for over 20 years. Pitt founded two energy startup companies and is the inventor on multiple energy-related patents.
Kathrine Lukes, Operations Manager
Lukes is a former Captain in the United States Marine Corps and completed her MBA with a focus in Operations and Supply Chain Management. Lukes leverages her military experience in global supply chain, and logistics to lead the operations department.
Anderson has 40+ years of energy industry experience and has consulted on renewable energy projects globally for the past 12 years. Anderson was the Project Director and Engineer of Record for the 29 MW Chevron BrightSource Solar to Steam Project.
Ron Pitt, CTO & Vice President
Pitt has been a C-suite leader in alternative energy and energy efficiency technology companies for over 20 years. Pitt founded two energy startup companies and is the inventor on multiple energy-related patents.
Kathrine Lukes, Operations Manager
Lukes is a former Captain in the United States Marine Corps and completed her MBA with a focus in Operations and Supply Chain Management. Lukes leverages her military experience in global supply chain, and logistics to lead the operations department.
Security Description
A convertible security is a security that can be converted into another security, typically equity in the next round of financing.
Key Deal Facts
Boosts Solar Photovoltaic (PV) efficiency while generating hot water.
Icarus takes back more than half of the waste heat rejected by PV systems.
Ideal for high density housing, commercial and industrial buildings.
Reduces ROI from 6-8 years to about 3-years
Every Megawatt of Icarus installed saves the emissions equivalent of 480 cars.
$100 million targeted early market. US Commercial & Industrial PV market $13 Billion.
$1.1M grants (California Energy Commission, Shell/NREL, Qualcomm) + $679 k private funds.
Two commercial demonstration projects scheduled for Q4-2021.