Steeper Energy
Developing and commercializing its proprietary and proven Hydrofaction platform.
| Date | Investors | Amount | Round |
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| - | investor investor | €0.0 | round |
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€1.8m | Grant | ||
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
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| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Steeper Energy is a pioneering company in the field of advanced biofuel production, specifically targeting the heavy transport sector. The company has developed a highly efficient and cost-effective platform to convert biomass—organic material from plants and animals—into transportation fuels. This technology has been refined over four years of operational experience, resulting in industry-leading yields.
Steeper Energy serves clients in the heavy transport sector, which includes industries like shipping, aviation, and freight transport. These sectors are traditionally reliant on fossil fuels, making them significant contributors to carbon emissions. By offering advanced biofuels, Steeper Energy provides a sustainable alternative that has the potential to reduce carbon emissions by up to 85%.
The company operates in the renewable energy market, focusing on biofuels derived from a wide range of harvested biomass. This includes urban organic wastes, as evidenced by their recent Memorandum of Understanding (MOU) with the City of Calgary for a sustainable biofuels project. Additionally, Steeper Energy is involved in a significant $59 million advanced biofuels project in Norway.
Steeper Energy's business model revolves around the production and sale of advanced biofuels. They make money by selling these biofuels to heavy transport companies looking to reduce their carbon footprint and comply with increasingly stringent environmental regulations. The company’s technology is designed to be the most cost-effective solution available, making it an attractive option for clients looking to transition to greener energy sources without incurring prohibitive costs.
In summary, Steeper Energy is at the forefront of the renewable energy sector, offering advanced biofuels that are both economically viable and environmentally friendly. Their innovative technology and strategic partnerships position them as a key player in the effort to decarbonize the heavy transport industry.
Keywords: advanced biofuels, heavy transport, biomass conversion, carbon reduction, renewable energy, cost-effective, sustainable, operational experience, urban organic wastes, Norway project.