RedWave Energy

About RedWave Energy

RedWave Energy, Inc. operates as a cleantech firm, established in January 2011. The company is focused on converting low-quality industrial waste heat into electricity. Its target market includes industries with significant heat byproduct, such as glass manufacturing, steel manufacturing, and electric power generation plants.

The core of RedWave Energy's offering is a proprietary thin-film technology based on nanoantennas. This technology is engineered to capture infrared and near-infrared radiation—energy that is typically lost as waste heat—and convert it into usable electrical power. The system is specifically designed for low-quality heat, defined as being below 250°C, which represents a large and underserved segment of the waste heat recovery market. The intellectual property is built upon exclusively licensed technology from Idaho National Labs and the University of Colorado, with manufacturing expertise contributed by MicroContinuum.

Financially, the company is venture-backed and has progressed through several funding rounds. RedWave Energy has secured a total of $18.7 million over seven rounds, including a notable Series B round of $5.5 million in July 2016. Key investors include Northwater Capital Management, Energy Foundry, EnerTech Holding Company, and the PRIME Coalition. The firm also received a $3.5 million grant from the Department of Energy's ARPA-E agency. Recent reports indicate the company is no longer active.