Skyven Technologies

About Skyven Technologies

Skyven Technologies, founded in 2013 by Arun Gupta, addresses the industrial sector's need for decarbonization. The company's core mission is to mitigate the financial risks associated with transitioning to cleaner energy sources for large industrial facilities. Arun Gupta, the founder and CEO, brings a background in mechanical engineering and computer science, alongside experience in energy derivatives trading and building risk management software for power plants, which directly informs Skyven's data-centric and financially-focused approach to industrial energy solutions. Skyven operates within the industrial manufacturing market, targeting facilities that rely on thermal energy, particularly steam, for their processes. The company's business model is a fixed-rate Energy-as-a-Service (EaaS) agreement. Through this model, Skyven finances, installs, and maintains its proprietary technology at client sites without any upfront capital expenditure from the customer. Revenue is generated by selling the clean thermal energy produced back to the facility at a rate guaranteed to be lower than their existing fossil fuel costs, creating immediate operational savings. The flagship product is the Arcturus steam-generating heat pump. This system captures low-temperature waste heat, a common and often overlooked byproduct in industrial settings, and elevates its temperature to produce high-pressure steam up to 450°F. By recycling onsite thermal energy, the Arcturus system significantly reduces the consumption of fossil fuels, thereby lowering both energy costs and greenhouse gas emissions. A key feature is the accompanying provision of real-time, data-backed dashboards, which allow clients to monitor energy savings and other project metrics, ensuring transparency and validating the system's performance.