MTPV

MTPV

closed
MTPV | Designing Energy for the Future. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$64—96m (Dealroom.co estimates Oct 2018.)
Austin Texas (HQ)
  • Edit
DateInvestorsAmountRound
-

N/A

-
N/A

$2.0m

Series A
N/A

$375k

Debt

$6.5m

Series B

$3.3m

Series B
*

$1.1m

Grant

$11.2m

Series B

$16.0m

Series C
Total Funding$40.1m

Recent News about MTPV

Edit
More about MTPVinfo icon
Edit

MTPV Power Corporation specializes in converting industrial waste heat into electricity using advanced semiconductor technology. Operating in the clean energy sector, MTPV serves industries such as glass, steel, oil, gas, mining, and thermal biogas. The company's core product, the Power Platform, is designed to efficiently transform waste heat into usable electricity, thereby reducing both the amount and temperature of vented waste heat emissions. This not only generates clean power but also mitigates the environmental impact of industrial thermal emissions, contributing to the reduction of global warming and urban heat islands.

MTPV's business model revolves around the sale and implementation of its Power Platform products in industrial settings. Revenue is generated through direct sales, licensing agreements, and long-term service contracts. The company leverages its breakthrough Micron gap ThermoPhotoVoltaics (MTPV) technology, which offers a solid-state solution for heat-to-electricity conversion, akin to how solar panels convert sunlight into power.

Keywords: clean energy, semiconductor technology, waste heat conversion, industrial applications, Power Platform, Micron gap ThermoPhotoVoltaics, thermal emissions reduction, environmental impact, electricity generation, industrial efficiency.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.