Amazing Inc monetizes waste pressure from industrial facilities and distributor-operators of hydrogen and natural gas pipelines by transforming an untapped waste resource into turnkey clean energy. Our waste pressure power system leverages proven turboexpander generator technologies and third-party capital from infrastructure investors to mitigate technical and financial risks for host facilities. To facilitate development, our project deals are structured through special purpose vehicles (SPVs) that eliminate the costs of our generators from the host facilities balance sheet. Project costs are held at the SPV and financed through a separate partnership between the customer, the SPV (including our infrastructure investors), and Pressure Corp.
Each project Pressure Corp develops uses our pre-assembled, modular waste pressure power system package. Our modular design minimizes site impact, while decreasing construction timelines. We work with experienced vendors to deliver a reliable waste pressure solution that minimizes maintenance and maximizes energy efficiency.
Pressure Corp’s mission is to reduce industrial emissions today. Our business aims to become a key player in solving the technical and financial problems that are preventing the world from achieving its climate goals.
- Funds raised would be utilized to develop and commission the project. Engineering and design, equipment purchases and packaging are the primary usage of project funds. Portions of the funds will be directed towards G&A, legal and other business expenses.
- Minimum principal investment is $100, with incremental amounts of $100 thereafter.
- Interest on the note is paid from cash flows from the power purchase agreement signed with a utility power offtaker.
- Pressure Corp has built a sales pipeline of over $60 million in waste pressure power projects across Canada, US and Mexico. We have over $20 million in projects in late-stage development and are working towards signed term sheets. The aforementioned university project is a late-stage project.
- The company expects to close up to a $5M Pre-Seed round in next two quarters which will fund two years of operations and provide the project capital for this project.
- Accepted into 2022 Rice Alliance Clean Energy Accelerator.
- Top 8 Halliburton Labs Finalist.
A Midwest university has an opportunity to unlock the clean energy potential of the waste pressure resources produced at their campus power plant.
Pressure Corp will utilize funds from our raise to deploy a 600kW waste pressure power system that will upcycle waste pressure produced at two pressure letdown stations to provide stable power to the campus grid system.
This project presents an opportunity to open the door and create a new waste pressure market in North America that will provide pipeline operators and gas plants with a viable and scalable emissions reduction solution.
This project is projected to produce up to 4,000 MWh of waste pressure clean energy. Returns will be generated by payments from a 20-year power purchase agreement that is currently under negotiation with university representatives. A commercial agreement for the project is anticipated to be finalized before the end of 2022. Pressure Corp intends this project to be the first of many across the United States.
Midstream gas companies need to deploy meaningful ESG (environmental, social and governance) strategies to remain competitive and appease their boards and shareholders. Through extensive customer discovery we have learned that these companies lack the internal knowledge, available capital and technical experience required to deploy ESG strategies at scale. Rapidly reducing emissions is more than a technical challenge. Delivering a comprehensive ESG solution is what customers need.
Pressure Corp delivers a complete ESG solution by upcycling their waste pressure into clean energy. Midstream gas companies need to reduce their emissions and our technology is one of the limited options available to reduce emissions at scale from their own operations. Reducing industrial emissions will be the most difficult sector to create impact in the coming decades. Our waste pressure power system reduces emissions which aligns to our customer’s ESG strategies.
Pressure Corp’s diversified business model is specialized in both the technical and capital deployment of waste pressure power systems. We aim to remove the technical and financial barriers to reducing emissions at scale. Our differentiator is to deploy technology that has been field-tested to reduce tech risk, remove capital burdens through third-party financing and delivery of fulsome project expertise. The technology utilized in our systems has been deployed in Japan and Italy and has decades of operational data.