Skyven provides an Energy‑as‑a‑Service solution that installs its Arcturus high‑temperature heat pump at industrial plants with no upfront capital cost. The system captures low‑grade waste heat, upgrades it to steam‑grade temperature and pressure, and delivers emissions‑free steam while reducing natural‑gas consumption and operating expenses. Savings are shared with the customer from day one, and Skyven handles design, financing, installation, and ongoing maintenance.
Funding
$145M 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.
UDFounders
Product
Problem
Industrial facilities rely on natural‑gas‑fired boilers to produce high‑temperature steam, incurring high fuel costs, significant capital expenditures for equipment, and substantial Scope 1 emissions. Upgrading or replacing boiler systems is costly and often disruptive to operations.
Solution
Skyven offers an Energy‑as‑a‑Service model that installs its Arcturus steam‑generating heat pump at a customer’s plant at no upfront capital cost. The system captures low‑temperature waste heat from existing processes, upgrades it to the required temperature and pressure, and delivers steam that matches the quality of conventional boilers while reducing natural‑gas consumption. Savings from lower fuel use are shared with the customer from day one, providing immediate operating‑expense reductions. Because the heat pump operates on electricity and emits no on‑site CO₂, it also lowers the plant’s direct emissions. Skyven handles design, financing, installation, and ongoing maintenance, ensuring continuous steam supply with zero downtime.
Target Audience
Primary customers are large‑scale manufacturers and process industries (e.g., chemicals, food & beverage, metals, pulp & paper) that require continuous high‑pressure steam for production and seek to lower fuel costs and on‑site emissions.
Features
- High‑temperature industrial heat pump (Arcturus) that upgrades low‑grade waste heat to steam‑grade temperature and pressure
- Energy‑as‑a‑Service delivery model with zero upfront capital expenditure for the customer
- Integrated control system that coordinates with existing boilers to reduce natural‑gas load and optimize efficiency
- Continuous performance monitoring and maintenance included in the service contract
- Ability to generate emissions‑free steam on‑site, supporting Scope 1 emissions reduction targets
- Scalable design adaptable to a wide range of manufacturing processes and steam demand levels