Astatine develops and implements tailored solar PV solutions and high-temperature heat pumps to reduce carbon emissions in industrial power and heat applications. The company provides turnkey decarbonization projects, managing financing and installation to help large energy users lower their energy costs and transition to sustainable practices.
Funding
$16M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Industrial companies face increasing pressure to reduce their carbon emissions and energy costs, but often lack the resources or expertise to implement effective decarbonization strategies. Identifying and financing the right combination of renewable energy and energy efficiency solutions can be complex and capital-intensive.
Solution
Astatine provides turnkey decarbonization solutions for industrial power, heat, and transport applications, helping large energy users reduce their carbon footprint and lower energy costs. The company offers integrated solutions encompassing on-site solar PV power generation, high-temperature heat pumps, electrification of transport, and off-site corporate power purchase agreements (PPAs). Astatine manages all aspects of decarbonization projects, from initial consultation and planning to design, build, installation, and financing. They offer flexible financing options, including fully funded solutions where clients pay only for the power and heat consumed.
Target Audience
Astatine primarily serves large energy users across various industrial sectors seeking to reduce carbon emissions and energy costs, including those in the food and beverage, pharmaceutical, and manufacturing industries.
Features
- Turnkey decarbonization project management, including design, build, installation, and commissioning
- Tailored solutions combining solar PV, industrial heat pumps, and transport electrification
- Expertise in Scope 1, 2, and 3 emissions reduction under the EU ETS
- Flexible financing options, including client-funded, fully funded, and corporate PPA models
- Grant funding application management on behalf of clients
- Solutions tailored to specific industrial sectors, including distilleries, dairy production, and pharmaceuticals