Q2Power Technologies focuses on manufacturing compost and engineered soils from recycled waste for agriculture, horticulture, construction and infrastructure sectors. The company is pursuing growth through a plan of acquisitions, strategic alliances, and organic expansion to build a leading compost and soil business in North America. Management has begun winding down prior waste-to-energy R&D operations to concentrate on the compost and soil business. Proceeds from the recent bridge financing are intended to secure acquisitions of compost and soil companies and provide up to 12 months of operating capital, with a limited portion used to reduce liabilities. As part of its balance-sheet work, the company settled or restructured approximately $1,000,000 in liabilities, issued about 1.6 million restricted common shares to eliminate $240,000 in payables, and renegotiated existing debt maturities and conversion terms. Q2Power offers a containerized, modular technology to dispose of waste by converting biogas and used fuels into electricity and useful heat, targeting small-scale facilities with high disposal costs. The system’s containerized, modular design enables rapid, low-cost deployment across thousands of sites that are too small for traditional power or fuel conversion systems. Q2Power installed its first system in summer 2015 at an Ohio wastewater treatment plant and is on track to deploy commercial units early in 2016 to meet customer demand. Management emphasizes simplicity, price and scalability as core competitive strengths and sees a multi-billion dollar market at the intersection of distributed renewable generation and on-site waste management. Regulatory and market drivers cited in the article include proposed EPA methane rules, new California organic-waste diversion legislation, DOE-identified digester opportunity sites, and 37 states’ inclusion of biogas in RPS programs. Financially, the company completed a merger with AnPath Group and closed a Series A financing described in the company’s filings.

Total raised

$1M

Funding rounds

2

Latest round

Series A

Latest activity

Nov 2015