Kanin Energy develops and finances behind-the-meter energy infrastructure for heavy industry, focusing on decarbonization and energy optimization. The company transforms industrial waste heat into clean baseload electricity, enhancing efficiency and reducing operational costs for partners. They offer turnkey solutions, including project development, financing, and operation, allowing clients to adopt new energy systems without upfront capital investment.
Funding
$7.6M 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.
JAFounders
Product
Problem
Heavy industries face increasing pressure to reduce greenhouse gas emissions and operational costs while maintaining productivity. Traditional energy generation methods often rely on fossil fuels, contributing to environmental impact and fluctuating energy expenses. Many industrial facilities have untapped waste heat resources that are vented into the atmosphere.
Solution
Kanin Energy develops and deploys Waste Heat to Power (WHP) systems that convert industrial waste heat into clean electricity, enabling heavy industries to decarbonize operations and reduce energy costs. Kanin Energy offers end-to-end project development, including project financing, engineering, construction, operation, and maintenance, allowing partners to monetize waste heat resources without upfront capital investment or operational disruption. The WHP systems capture waste heat from industrial processes and convert it into electricity using technologies such as Organic Rankine Cycle (ORC) or Steam Rankine Cycle (SRC), depending on the temperature of the heat source. The generated electricity can be used on-site or sold back to the grid, providing a new revenue stream and reducing reliance on fossil fuels. In addition to WHP, Kanin Energy also provides carbon capture and heat pump solutions for further emissions reductions.
Target Audience
Kanin Energy primarily serves heavy industries seeking to reduce greenhouse gas emissions, lower energy costs, and monetize waste heat resources, including facilities in the natural gas, cement, metals, refining, and chemical sectors.
Features
- Turnkey waste heat to power (WHP) project development, including financing, engineering, construction, and long-term operation.
- Technology-agnostic approach, utilizing Organic Rankine Cycle (ORC), Steam Rankine Cycle (SRC), and Supercritical CO2 systems based on the specific waste heat resource.
- Energy-as-a-Service (EaaS) model, enabling customers to pay for energy services without upfront capital investment.
- Integration of WHP systems with carbon capture technologies for enhanced decarbonization.
- Expertise in carbon markets, project finance, and energy policy to de-risk projects.
- Solutions for various industries, including natural gas, cement, metals, biomass, refineries, hydrogen, glass, chemicals, and fertilizer.
- Heat pump solutions to replace hydrocarbon-fired heating, reducing scope 1 emissions.