Terrapin Geothermics (Accelerator)

Funding Details
Awarder
PlugAndPlayTechCenter
Date Award
May 15, 2024
Funding URL
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Company Info
Company Description
Terrapin Geothermics Inc. (Terrapin) is a designer and developer of industrial heat recovery projects. As a turn-key solutions provider, Terrapin helps large industrial emitters advance their net-zero commitments by generating emission-free, baseload power from wasted heat off their operating assets. Unlike the traditional project developer, Terrapin will self-finance and build turnkey clean energy projects at zero cost to the client where we will pay them for access to turn their waste heat into value. Terrapin can provide the generated carbon offset credits as a royalty payment for access to their waste heat which offers rare opportunity to receive emission reductions for $0 per tCO2 reduced or clients can buy our emission-free power behind the fence at a reduced $/kWh rate. Terrapin's team is comprised of energy and utilities experts who specialize in developing the operational, commercial, technical, and regulatory aspects of heat recovery projects. Ultimately, Terrapin's projects represent a negative-cost, emissions reduction opportunity for industrial facility operators.

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