Upcycle Technologies

About Upcycle Technologies

Upcycle Technologies, formerly known as Sustainable Waste Power Systems, Inc. (SWPS), has developed a patented system for converting wet waste into renewable assets. The company was founded in 2006 by Chris Gillespie and Michael Gillespie, the inventor of the technology. John Stringer currently serves as the CEO.

The core of the company's offering is The ReGenerator™, a machine that accepts wet waste without requiring pre-treatment and converts it into clean water, steam, electricity, gas, and minerals. This technology achieves a potential asset yield of 95% and is designed for on-site waste destruction and energy production for clients such as farms, distilleries, and food processing plants. The system, which is the size of a tractor-trailer, operates with low-carbon emissions and can process 15 tons of wet waste per day, paying for itself in as little as three years.

The company's business model centers on the manufacture and sale of these on-site, waste-to-energy conversion systems, providing what it terms "Bio-Asset Recovery". This approach is positioned as an economical and profitable alternative to traditional waste management methods that involve hauling, spraying, or drying. In August 2017, the company secured $6.34 million in a Series A funding round.