Updates, milestones, and links shared by Cyrtan Energy (formerly FTF Energy).
We signed a $4.4M, 20-Year Power Purchase Agreement for $220K/year with Lyndon Furniture, a furniture making company in Vermont to convert their wood waste into Combined Heat and Power. We will be installing a 300KWe Generator on site, and metering to the grid
$100K Grant received to build our commercial generator and test our patented combustion process in the unit. Kicked off FTF’s commercialization path
We signed a $20.4M Engineering Procurement and Construction Agreement + a 3- Year Operation and Maintenance Agreement with Cocoa Processing Company, a large chocolate producer for golden tree for a 5MW, combined heat and power plant using their cocoa waste as fuel. We got this signed in the middle of filling our contract for Georgia Pacific. At this point, we knew we had demand and staying power in our industry.
$50K SAFE Note received from Pharrell Williams, through his ”Black Ambition” fund, which very much shaped our entrepreneurial journey. With their coaching previously in 2022, we used the pitch practice to go out and raise $400,000. It represents a lot for FTF Energy, and KJ
We successfully ran our commercial wood boiler with no smoke and odor, which has been main commercialization goal of ours, since receiving funding from the SBIR Environmental Protection Agency grant
We successfully ran our generator and charged a Tesla for the City of Pittsburgh Parking Authority. This was supported by the $250,000 New Jersey CleanTech Pilot Demonstration Grant, and our 1st place award for $150,000 at the BNY Mellon UpPrize. All non-dilutive
We completed an $87K project with GP, a $25B / year paper making corporation and the largest biomass electricity producer in the country. We converted their paper pulp sludge into process heat for replacement of their natural gas paper dryers with Farm to Flame dryers. This was our first commercial revenue and demonstration of our patented smokeless and odorless combustion process