SEaB Energy poised for fresh investment during trade mission to San Francisco
SEaB Energy, one of the UK’s brightest innovators of waste to energy technology, joins the latest Clean + Cool trade mission this week where it is expected to secure fresh funding and seal new customer orders.
Southampton-based SEaB Energy, along with twenty other UK cleantech companies will join the Clean + Cool entrepreneur mission visiting San Francisco from 10th to 17th June 2017. Clean + Cool Mission 2017 is backed by Innovate UK, the government’s innovation agency, and is designed to help CEOs explore cross boarder opportunities, find faster routes to market and discover ways to overcome some of the toughest challenges facing early stage businesses.
Speaking, prior to leaving for the company’s third Clean + Cool Mission, Sandra Sassow, SEaB Energy’s CEO and Co-Founder, said:
“Energy and waste are two of the biggest challenges that face cities around the world today. And let’s not forget how precious water is. Today, these are all managed centrally, requiring large facilities and expensive infrastructure. So, imagine a city where organic waste can be transformed into heat, energy and water, directly on site where the waste is produced, and where there is no requirement for garbage trucks, power lines or even water and sewer pipes”
“This vision, coupled with our patented technology, is not only now becoming highly appealing to cities and municipalities, but also to large corporates who can realise an attractive on-going revenue potential from their waste”, added Sandra.
SEaB Energy’s patented ‘Power in a box’ small-scale power plant turns food and organic waste into energy, water and fertilizer directly on the site the where the waste is produced. This eliminates the costly, and harmful, movement of waste and provides the waste producer with a continuous revenue stream that will achieve payback in less than two years.
The US market is now proving very lucrative for SEaB Energy due to the growing economic and environmental benefits of on-site waste to energy technology. Consequently, the company will shortly be announcing a number of new customer deployments, including a system in Manhattan, and two further installations in Minnesota.
To realize this ambitious growth, the company is in the short term looking to further employ convertible debt funding to meet its immediate financing needs. Furthermore, in 2017, the company will launch an equity funding round, and will seek new capital from external investors to strengthen its financial capabilities and enable it to further invest in R&D, deploy pilot units in new geographical or vertical markets, and strengthen its team. The company has appointed Ikarus Capital to advise it on these capital raising activities.
About SEaB Energy
SEaB Energy Limited is a UK company, designing and commercialising ground-breaking technology which creates renewable energy, water and fertiliser from onsite organic waste.
Our award-winning and patented FLEXIBUSTER™ and MUCKBUSTER™ are industrial appliances that use a biological process called anaerobic digestion to convert organic waste into valuable resources. These small-scale waste-to-energy systems are automatically controlled and remotely monitored, capturing data for sustainability reporting.
The FLEXIBUSTER™ and MUCKBUSTER™ offer disruptive on-site alternatives to centralised waste processing, removing the necessity and associated costs, diesel consumption and carbon emissions of transporting waste. The systems have been retrofitted into global mega-city buildings and specified into new urban initiatives to convert individual building waste onsite.
Our clients include Fortune 50 companies, hospitals, non-profits, multinational property developers and hypermarkets. We manufacture our product and use local agents and value-added resellers for market entry and support. We have clients in four countries and representatives in ten countries.
SEaB Energy Ltd, 2 Venture Road, Southampton Science Park, Southampton SO16 7NP United Kingdom Tel: +44 (0) 2380 111 909 | www.seabenergy.com
Twitter: @SeabEnergy | LinkedIn: company/seab-energy-ltd | Facebook: seabenergy
About Ikarus Capital
Ikarus Capital is an international M&A and financing advisory boutique focused on the renewables and clean power markets in Europe and Emerging Markets. We offer the full range of advisory services in strategic and corporate finance, M&A, project finance, debt capital and equity capital raising. Ikarus Capital has an extensive network and knowledge of equity investors, lenders and advisors, that enable us to help our clients to meet their financing and funding needs.