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CoaLogix
CoaLogix finds and integrates technologies, companies and exceptional people to reduce the environmental footprint of coal fired power plants
About CoaLogix
CoaLogix, established in 2007 and headquartered in Charlotte, North Carolina, provides environmental services and technologies aimed at reducing the ecological impact of fossil fuel-fired power plants. The company was formed by Acorn Energy, Inc. in November 2007 through the acquisition of SCR-Tech, LLC, to address the growing need for emissions control in the power generation sector. Under the leadership of CEO Bill McMahon, CoaLogix positioned itself as a key player in Selective Catalytic Reduction (SCR) management. In a significant milestone, the company was acquired by private equity firm Energy Capital Partners in July 2011 for $101 million, a move intended to fuel its expansion plans.
The company's core business revolves around its proprietary catalyst regeneration technology, which restores spent SCR catalysts to their original performance levels. This service offers a cost-effective alternative for its clients—primarily coal-fired and gas-fired power plant operators—enabling them to save up to 40% compared to purchasing new catalysts. The process not only reduces operating costs but also mitigates the environmental issues associated with landfill disposal of deactivated catalysts. The regeneration technology was proven in Germany starting in 1997 and introduced to the U.S. market in 2003 through SCR-Tech. Beyond cost savings, the service can, in some cases, increase catalytic activity by as much as 25% and has been shown to lower SO2 oxidation rates.
CoaLogix's business model is centered on providing a comprehensive suite of SCR management services. This includes catalyst regeneration, cleaning, and replacement, helping power plants comply with stringent NOx emission regulations. The company also offers SO3 mitigation systems through its subsidiary, CoaLogix Tech. By integrating advanced technologies with a highly experienced management team, CoaLogix delivers solutions that improve both environmental compliance and operational efficiency for power producers.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jul 2011 | $101M | $101M | Energy Capital Partners | — |
| LATE VC✓Equity / VC | Apr 2009 | $12M | $46M | Acorn Energy · EnerTech Capital | — |
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Investors
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Series A1 investor entered at this stage
EnerTech Capital
Series B and later1 investor entered at this stage
Acorn Energy
Other known investors1 additional known investor
Energy Capital Partners
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