Ener-Core

What Ener-Core does

Ener-Core, Inc. (OTCQB: ENCR) is a publicly traded Delaware-incorporated company headquartered in Irvine, California that designs and manufactures the patented Power Oxidizer — a system that, when integrated with gas turbines, converts ultra-low quality waste gases (including methane down to 5% combustible content) into clean baseload power with virtually zero NOx emissions. The product portfolio spans the EC250 (250 kW), EC333 (333 kW), and the 2 MW Powerstation KG2-3GEF/PO, which combines the Power Oxidizer with Dresser-Rand (Siemens) KG2 turbines to deliver up to 3.5 MW of electricity and over 26,000 lbs of steam per hour. The company holds 45 granted patents covering the Power Oxidation process and integrated turbine architecture, and serves ethanol/biofuel producers, municipal landfills, oil and gas operations, and coal mining facilities.

Name

Ener-Core

Legal name

Ener-Core, Inc.

Website

https://ener-core.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Ener-Core designs and licenses the patented Power Oxidizer system, which converts ultra-low quality industrial waste gases (including methane) into clean baseload power when integrated with gas turbines. It serves ethanol producers, landfills, and oil and gas operators via a Siemens/Dresser-Rand licensing channel and direct municipal sales.

Ownership category

akta.pro rank

Product category

Waste Gas to Energy Equipment

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (3336)

SIC

Engines & Turbines (3510)

akta.pro primary industry

Engine Generator & Microgrid Power Plant EPC (Diesel/Gas Recip) (EUAEAAAJ)

akta.pro secondary industries

Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA), Utility-Scale Power Generation Asset Management (EUAEAMAA)

Keywords

• Waste gas to energy
• Power oxidation technology
• Gas turbine systems
• Clean power generation
• Methane conversion equipment

Headquarters

HQ city

Irvine

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Licensing Royalties: Ener-Core collects license fee payments from Dresser-Rand for each Power Oxidizer unit sold. Fees are based on a percentage of total system value, ranging from $370,000 to $600,000 per unit. Minimum annual sales thresholds apply to maintain exclusivity terms, beginning in 2017.
2. Project Development and Management: Following 2017 strategic shift, Ener-Core is developing a project development and management business focus including build/own/operate models to take advantage of favorable off-take agreements, such as the Toyon Canyon landfill project.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Ener-Core designs and licenses patented Power Oxidizer systems that convert ultra-low quality waste gases (including methane) from industrial processes into clean baseload electricity and steam when integrated with gas turbines. The product lineup spans 250 kW (EC250) and 2 MW (KG2-3GEF/PO Powerstation) units, with primary revenue derived from license fees paid by Dresser-Rand/Siemens on each system sold globally, complemented by direct sales of smaller systems and build/own/operate project development.

Product overview

Ener-Core designs and manufactures innovative systems for producing continuous energy from a broad range of waste gases. The core Power Oxidizer technology integrates with gas turbines to convert previously unusable ultra-low quality gases into clean power and heat. Product lineup includes the EC250 (250 kW), EC333 (333 kW), and the 2 MW Powerstation KG2-3GEF/PO which combines the Power Oxidizer with Dresser-Rand KG2 gas turbines. The company shifted from manufacturing-based to licensing business model, licensing Power Oxidizer technology to Dresser-Rand (part of Siemens) for manufacture and sales in the 1-4 MW range.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Oxidizer 250 kW (EC250) 250 kilowatt Power Oxidizer system that produces continuous energy from waste gases for industrial operators with smaller-scale or distributed applications.
• Power Oxidizer 333 kW (EC333) 333 kilowatt Power Oxidizer system that converts low-quality waste gases into continuous energy for industrial applications.
• Powerstation KG2-3GEF/PO (2 MW) 2 MW Power Oxidizer integrated with Dresser-Rand KG2 gas turbine, providing up to 3.5 MW of electricity and over 26,000 pounds of steam per hour for large industrial sites.

Quantifiable outcome

• Pacific Ethanol Stockton plant reduces energy purchases by $1 million per quarter ($3-4 million annually)
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Pacific Ethanol, Inc. (NASDAQ: PEIX)coreStrategic or Co-development Partner · 30 January 2018First commercial deployment customer for 2 MW PowerStation at Stockton bio-refinery. Two 1.75 MW Power Oxidizers integrated with Dresser-Rand KG2-3G turbines producing 3.5 MW electricity. Pacific Ethanol expects $4 million annual energy cost savings. Project validates technology at utility scale.
• Dresser-Rand (Siemens) - License ExpansioncoreOEM/ Whitelabel/ Licensing Partner · 12 April 2017Amendment to CMLA advancing $1.2 million partial license fee payment and evaluating potential expansion of license to cover larger power capacity products (beyond 1-4 MW range) to integrate with broader range of Siemens gas turbines. Five-month period granted for market evaluation.
• Dresser-Rand (part of Siemens Power and Gas Division)coreOEM/ Whitelabel/ Licensing Partner · 30 June 2016Commercial and Manufacturing License Agreement (CMLA) grants Dresser-Rand exclusive rights to manufacture Power Oxidizers within 1-4 MW power capacity range and sell integrated with Dresser-Rand KG2 turbines to industrial customers globally. Ener-Core receives license fees of $370,000-$600,000 per unit sold. Dresser-Rand has committed to minimum sales thresholds beginning 2017 to maintain exclusivity. The partnership enabled Ener-Core's shift from manufacturing to licensing model, reducing operating costs while leveraging Siemens' global manufacturing scale and 150+ country distribution network.
• Delos Energy, LLCminorStrategic or Co-development Partner · 19 May 2016Project financing partner for Toyon Canyon Landfill project in Los Angeles. Delos Energy acquired Toyon Landfill Gas Conversion, LLC which holds rights to landfill gas and will partner with Ener-Core on re-powering the site with four EC-250 EcoStations. Delos Energy will finance the project development.
• Toyon Landfill Gas Conversion, LLCminorStrategic or Co-development Partner · 19 May 2016Subsidiary entity that holds rights to gas from Toyon Canyon Landfill and historically generated power with traditional engines. Ener-Core contracted to re-power the site with EcoStations after Delos Energy acquisition.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Solar Turbines (Caterpillar): Caterpillar subsidiary and one of the largest manufacturers of industrial gas turbines (1–22 MW). Direct competitor in industrial gas-turbine-driven power generation, with Director Jeffrey Horn formerly leading Caterpillar Power Generation Systems.
• Siemens Energy: Owns the Dresser-Rand business that is Ener-Core's exclusive manufacturing and sales licensee. Sells industrial gas turbines globally and is both the company's primary channel and its most credible substitute technology supplier.
• GE Vernova (Gas Power): World's largest manufacturer of heavy-duty gas turbines for utility and industrial power generation. Competes in industrial-scale gas-fired power where Ener-Core's Siemens-integrated Power Oxidizer targets 1–4 MW applications.
• Wärtsilä: Major OEM of gas and multi-fuel engine power plants for grid, industrial and landfill-gas applications. Director Ian Copeland was formerly MD of Wärtsilä Power Development (Asia). Overlaps Ener-Core's industrial CHP customer base at much larger scale.
• Caterpillar (Electric Power): Manufactures gas generator sets, gas engines and turnkey power plants through its F.G. Wilson and Solar Turbines subsidiaries. Competes across the same industrial power-generation customer base, including landfill and biogas operators.

Regional players

• Doosan Enerbility: South Korean OEM of industrial gas turbines in the 1–250 MW range. Competes with Siemens/Dresser-Rand in industrial gas-turbine power generation across Asia, indirectly shaping the competitive landscape Ener-Core faces in that geography.

Direct peers

• 2G Energy: German manufacturer of CHP systems and gas engines for landfill, biogas and industrial waste gas customers, with comparable product range (250 kW–2 MW) and end markets that overlap Ener-Core's customer segments.
• Capstone Green Energy: Designs and manufactures microturbine-based CHP and waste-gas-to-energy systems in similar capacity ranges (30 kW–1 MW) for landfill, oil & gas, and biogas applications. Closest publicly traded peer by product category, customer base and small-cap profile.
• INNIO (Jenbacher / Waukesha): Manufactures Jenbacher and Waukesha gas engines specifically engineered for low- and medium-BTU gases including landfill gas, biogas and associated petroleum gas — direct substitute technology for Ener-Core's Power Oxidizer in waste-gas applications.

Emerging players

• FlexEnergy (now part of INNIO): Original parent of Ener-Core's Power Oxidizer technology (spun off via Ener-Core Power, Inc. in 2012). Develops microturbines for ultra-low-BTU landfill and biogas applications, directly addressing the same niche use cases.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/enercore
• YouTubeyoutube.com/channel/UCrc1RqrzUktjFXA13reumbQ
• Facebookfacebook.com/pages/Ener-Core/1392264140998438
• LinkedInlinkedin.com/company/ener-core-power

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ener-Core