Alphabet Energy develops thermoelectric waste-heat-to-power products built on its proprietary PowerBlocks™ thermoelectric material, leveraging nanotechnology research from Lawrence Berkeley National Laboratory and Michigan State University. The company holds over 60 patents issued and filed and offers a line of waste heat recovery products for energy-intensive industries. Its Power Generating Combustor (PGC™) targets oil and gas flares and combustors to generate remote power and help mitigate permitting risk. Customers span oil and gas, mining, manufacturing, transportation and defense, where the products reduce fuel consumption, operating costs and carbon emissions. To support commercial traction in oil and gas, Alphabet Energy recently opened a sales and support office in Houston and plans to scale production for oil and gas and automotive markets. Alphabet Energy develops a platform silicon thermoelectric technology to generate power from a variety of waste-heat sources. The company is building a device intended to generate electricity from the exhaust flows of engines in industrial applications. It plans to use new capital to speed up product development and to launch that device. The technology was developed at Lawrence Berkeley National Laboratory. The company is led by founder and CEO Matt Scullin and is based in Hayward, California. Recent hires include Mothusi Pahl as vice president of marketing. Alphabet Energy develops thermoelectric technology to generate electricity from wasted heat and is prototyping its first simple, turnkey product. Its thermoelectrics are intended for applications ranging from power generation to heavy industry, automotive, aerospace and military. The company was founded in 2009 by Matthew L. Scullin and Peidong Yang and is based in the San Francisco Bay Area. Alphabet recently secured $2M in debt financing from Hercules Technology Growth Capital following a $12M Series A equity financing led by TPG Biotech. It intends to use the new funding to scale development and manufacturing and to continue the build-out of a new Hayward facility. The company is hiring as it moves from prototyping toward scaled production. Alphabet Energy develops silicon-based thermoelectric technology for generating electricity from wasted heat. The company is based in San Francisco, California. It intends to use the financing to accelerate product development, deploy initial pilot projects, grow the team, and relocate to a new facility in the San Francisco Bay Area. The Series A round totals $12M. In conjunction with the funding, a TPG Biotech partner joined Alphabet’s board and another joined as a board observer. The company is led by CEO and founder Matt Scullin. Alphabet Energy develops thermoelectric materials and devices that convert waste heat directly into electricity, targeting heavy-industry and transportation applications. The company emerged from Lawrence Berkeley National Laboratory technology and is incubated at UC Berkeley's Haas School of Business. Its materials are intended for use in metals refining, cement and glass production, power generation, automotive and aerospace, and military applications. The new financing will be used to manufacture commercial prototype devices using existing semiconductor infrastructure. Alphabet has previously received $320,000 in Small Business Innovation Research grants from the U.S. Army, Air Force and Department of Energy, plus roughly $320,000 in angel funding in 2009. The startup has also won multiple Clean Tech Open awards, including the People’s Choice and California Sustainability awards.

Total raised

$55M

Funding rounds

5

Latest round

Series C

Latest activity

Jul 2016