Astra Energy

What Astra Energy does

Astra Energy Inc. is a Nevada-incorporated, OTCQB-listed (ticker: ASRE) renewable energy company headquartered in San Diego, California, that develops clean and renewable energy projects in emerging markets where existing electricity access is below 30%. The company operates through a Build-Own-Operate-Maintain (BOOM) model, building, owning, and operating independent power producer (IPP) assets and selling electricity to state-owned utilities under long-term Power Purchase Agreements (PPAs). Its primary customer base consists of government-owned electric utilities and national development corporations in sub-Saharan Africa, the Caribbean, and parts of Asia, with a secondary U.S. channel focused on waste-management operators and the marine industry.

Astra's flagship development pipeline includes the 50 MW Zanzibar Clean and Renewable Energy Park (ZCREP) on Unguja Island — comprising 42.5 MW of solar generation, 7.5 MW of Regreen waste-to-energy output, Holcomb In-Line Power Generator (ILPG) amplification, and battery energy storage, secured via a 33-year renewable land lease with the Revolutionary Government of Zanzibar and intended to sell electricity to the Zanzibar Electricity Corporation under a long-term PPA — a planned 350 MW combined cycle power plant in mainland Tanzania under MOU with TANESCO, and a 100 MW Clean and Renewable Energy Park in Lesotho under MOU with the Lesotho National Development Corporation (executed February 21, 2024). The technology portfolio combines the patented Regreen Total Waste System (TWS) waste-to-energy process (originally acquired August 2022, then spun out for separate U.S. exchange listing in September 2023), exclusive worldwide manufacturing and distribution rights to Holcomb Energy Systems' zero-emission ILPG and Self-Sustaining Power Plant (secured September 25, 2023), and a strategic partnership with Sustainable Energy Technologies, Inc. (SETI) for hybrid Graphene/Lithium-ion Supercapacitor energy storage (the SETI Power Pack).

Astra generates revenue through long-term contracted PPAs with state-owned utilities, technology licensing and royalty arrangements with regional joint venture partners (Astra Regreen India for India, a 50-50 manufacturing/distribution JV with Cong Ty Co Phan Viecotech for Asia Pacific, and an affiliate partnership with Astra Global Solutions / Inti Global Dominicana for the Caribbean), OEM equipment sales under the exclusive Holcomb manufacturing rights, and equity participation in BOOM projects. Channel reach is exclusively enterprise/B2G via direct field sales and JV partners; pricing is bilaterally negotiated and not publicly disclosed. As of the source data, no commercial IPP operations have commenced, and the only disclosed commercial installation is a Regreen WTE unit at a Southern California material recycling facility (agreement finalized May 25, 2023), placing Astra firmly at the pipeline / pre-commercial stage.

Name

Astra Energy

Legal name

Astra Energy Inc.

Website

https://astraenergyinc.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

Astra Energy Inc. is a San Diego-based, OTCQB-listed (ASRE) clean-energy developer using a Build-Own-Operate-Maintain model to develop waste-to-energy and zero-emission power projects for state-owned utilities and governments in Africa, the Caribbean, and Asia, with a 500 MW contracted/MOU pipeline anchored by a 50 MW park in Zanzibar.

Ownership category

akta.pro rank

Product category

Independent Power Producer / Renewable Energy Generation

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro industry

PRIMARYEUAMAAAG

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable Project Development & IPP (Greenfield, Permitting, Financing)

SECONDARYEUAMAIAI

Energy Management Systems & Plant Controllers (PPC, AGC Participation, Curtailment Control)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable Grid Integration & Interconnection (Power Electronics, SCADA, Forecasting)

SECONDARYEUAMAHAI

Energy Storage Components for Renewables Manufacturing (BESS Packs, PCS, Thermal Management)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable Equipment & Component Manufacturing (Modules, Turbines, Inverters, Towers, Blades)

SECONDARYEUAMAGAJ

Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable Operations, Maintenance & Asset Management

SECONDARYFSAAAKAG

Renewable Energy Infrastructure

Financial & Insurance/Asset & Wealth Management/Asset Management — Real Assets (Real Estate, Infrastructure, Natural Resources)

Keywords

• Waste-to-energy systems
• Renewable power generation
• Independent power producer
• Clean energy development
• Solid waste conversion

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Independent Power Producer (IPP) electricity sales via long-term PPAs: Long-term Power Purchase Agreements to sell electricity generated by owned and operated clean/renewable energy projects to state-owned utilities (e.g., Zanzibar Electricity Corporation under 50 MW ZCREP; planned 350 MW to TANESCO in Tanzania; planned 100 MW to Lesotho National Development Corporation). Revenue is contracted, recurring over multi-decade terms, tied to megawatt-hour delivery.
2. Technology licensing and royalties (Regreen WTE): Exclusive sales, marketing and distribution rights granted to regional partners (e.g., Astra Regreen India JV for India; 50-50 JV with Viecotech for Asia Pacific), generating license fees, equipment sales, and recurring revenue share from deployment of Regreen waste-to-energy technology.
3. OEM manufacturing and equipment sales (Holcomb ILPG): Exclusive worldwide manufacturing and distribution rights to the Holcomb In-Line Power Generator and Self-Sustaining Power Plant; revenue generated through equipment sales, deployment into own projects, and commercial/residential/industrial/grid installations.
4. Strategic energy storage partnership revenue (SETI Power Pack): Joint agreement with Sustainable Energy Technologies, Inc. (SETI) to supply next-generation hybrid Graphene/Lithium-ion Supercapacitor energy storage solution; revenue from procurement and deployment of SETI Power Packs into Astra projects and partner channels.
5. Build, Own, Operate, Maintain (BOOM) project development equity: Astra maintains equity in each clean/renewable energy project developed on its own or through joint ventures to accumulate residual revenue streams over the life of the asset (Build, Own, Operate, Maintain model).

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Astra Energy develops, owns and operates clean and renewable energy generation projects in emerging markets with electricity access below 30%, using a Build-Own-Operate-Maintain (BOOM) independent power producer model. The company sells electricity to state-owned utilities via long-term Power Purchase Agreements (e.g., 50 MW Zanzibar Clean and Renewable Energy Park, planned 350 MW Tanzania plant, 100 MW Lesotho MOU) and licenses its proprietary Regreen waste-to-energy Total Waste System (TWS) and exclusive Holcomb Energy Systems In-Line Power Generator (ILPG) and Self-Sustaining Power Plant technologies through regional joint ventures and worldwide OEM manufacturing and distribution rights.

Product overview

Astra Energy Inc. is a single, integrated clean-and-renewable-energy company (not a multi-product SaaS platform) that combines proprietary and licensed technology assets with project development. Its product portfolio is organized around two synergistic avenues: (1) Project Development — physical clean-energy assets such as the Zanzibar 50 MW Clean and Renewable Energy Park (ZCREP), the planned 350 MW Combined Cycle Power Plant in Tanzania, and African and Caribbean waste-to-energy projects — and (2) Technology & IP — a portfolio of acquired/licensed technologies including the Regreen Waste-to-Energy Total Waste System (TWS), the Holcomb Energy Systems In-Line Power Generator (ILPG) and Self-Sustaining Power Plant (under exclusive worldwide manufacturing rights), the SETI Power Pack hybrid Graphene/Lithium-ion Supercapacitor energy storage solution, and pilot R&D at the Regreen Hesperia facility. These named products are deployed together within Astra's Build-Own-Operate-Maintain IPP projects, supported by subsidiaries (Astra Energy Tanzania Ltd., Astra Energy California Inc., Astra Energy Biofuels Inc., Astra-Holcomb Energy Systems Inc.) and affiliates/JVs (Astra Global Solutions Inc., Astra Regreen India), with Regreen Technologies Inc. itself being spun out for separate listing.

Differentiator

Problem solved

Functional benefit

Products and services

• Zanzibar 50 MW Clean and Renewable Energy Park (ZCREP) Flagship independent power producer (IPP) project on Unguja Island, Zanzibar, comprising 42.5 MW of solar generation, 7.5 MW from Regreen waste-to-energy technology, Holcomb In-Line Power Generator output amplification, and a battery energy storage system for grid stability; consumes 300 tons of municipal solid waste per day from the Kibele landfill and sells output to the Zanzibar Electricity Corporation under a long-term Power Purchase Agreement.
• 350 MW Combined Cycle Power Plant (Tanzania) Planned 350 MW combined cycle power plant in mainland Tanzania under MOU with Tanzania Electric Supply Company (TANESCO), designed to augment baseload generation and be operated as an independent power producer selling power to TANESCO via a long-term Power Purchase Agreement. Targets a market where per-capita electricity consumption is 108 KWH/year versus a 2,500 KWH worldwide average.
• Regreen Waste-to-Energy Technology (Total Waste System / TWS) Patented Total Waste System process that converts any solid waste (industrial, domestic, institutional, construction, commercial, and specialized organic forms such as food waste, feedstock, hemp, seaweed, palm leaves and green biomass) into a marketable clean reusable product with zero bacteria and zero carbon footprint, designed to eliminate the need for landfills. Acquired by Astra in August 2022 and subsequently announced for spin-out / senior U.S. exchange listing in September 2023.
• HES In-Line Power Generator (ILPG) Scalable, zero-emission In-Line Power Generator developed by Holcomb Energy Systems LLC, for which Astra holds exclusive worldwide manufacturing and distribution rights. Applications include residential, commercial and industrial buildings, renewable energy projects, electric vehicle charging stations, power grid applications, and marine industry use. Targeted to cut carbon footprints and energy bills by 50%.
• HES Self-Sustaining Power Plant Companion zero-emission, self-sustaining power plant technology to the HES ILPG, also from Holcomb Energy Systems LLC and under Astra's worldwide manufacturing and distribution rights, designed to extend zero-emission power generation capabilities for residential, commercial, industrial, marine and grid applications.
• SETI Power Pack (hybrid Graphene/Lithium-ion Supercapacitor) Next-generation hybrid Graphene/Lithium-ion Supercapacitor energy storage solution supplied via strategic partnership with Sustainable Energy Technologies, Inc. (SETI), intended to replace traditional batteries and deployed alongside Astra's HES power generation technologies.

Quantifiable outcome

• 500 MW of clean and renewable electricity generation capacity across developing Africa portfolio
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

15 partnerships are on record, tiered core, supporting and core / flagship.

• Lesotho National Development CorporationcoreStrategic or Co-development Partner · 21 February 2024MOU executed February 21, 2024 to develop a 100-Megawatt Clean and Renewable Energy Park with Lesotho National Development Corporation, expanding Astra's developing Africa project portfolio to 500 MW of electrical generation capacity utilizing the Build, Own, Operate, Maintain business model.
• Mark R. Basile, Esq. / The Basile Law Firm P.C.supportingOthers · 28 November 2023Astra retained toxic dilution funding expert attorney Mark R. Basile, Esq. and The Basile Law Firm P.C. to investigate recent activities surrounding the company's stock performance and any potential RICO and Securities violations claims for all fundings taken by prior management over the last four years.
• Camper and Moretti Yacht Group (FLIBS 2023)supportingGTM or Marketing Partner · 26 October 2023Astra, Sustainable Energy Technologies (SETI) and Holcomb Energy Systems joined at the Fort Lauderdale International Boat Show (FLIBS 2023), sponsored by Camper and Moretti Yacht Group, to debut the HES In-Line Power Generator and SETI Power Pack marine applications.
• Inti Global Dominicana, S.R.L. (via affiliate Astra Global Solutions, Inc.)supportingStrategic or Co-development Partner · 16 October 2023Astra's affiliate Astra Global Solutions, Inc. partnered with Inti Global Dominicana, S.R.L. to secure a 25-year concession for organic waste in the Dominican Republic under the Dominican Republic National Coconut Program, addressing remediation of legacy and new tree waste from new hybrid coconut tree plantings.
• Sustainable Energy Technologies, Inc. (SETI)coreStrategic or Co-development Partner · 4 October 2023Strategic partnership announced October 4, 2023 under which SETI supplies Astra with the SETI Power Pack — a next-generation hybrid Graphene/Lithium-ion Supercapacitor energy storage solution intended to replace traditional batteries. Co-marketed with Holcomb Energy Systems at the Fort Lauderdale International Boat Show 2023 for marine-industry applications to cut fuel consumption and emissions. SETI's founder Fred L. Solomon (Chairman Emeritus of SETI) serves on Astra's leadership/advisory bench.
• Tanzania Electric Supply Company (TANESCO)coreStrategic or Co-development Partner · 22 June 2023MOU executed via subsidiary Astra Energy Tanzania Limited with TANESCO to develop a 350-Megawatt combined cycle power plant in mainland Tanzania; Astra will arrange financing to design, develop, operate, and maintain the plant as an independent power producer and negotiate a long-term PPA to sell power to TANESCO. The project targets SDG 8 (Decent Work and Economic Growth) and SDG 9 (Industry, Innovation and Infrastructure).
• Zanzibar Electricity Corporation (ZECO) / Revolutionary Government of Zanzibarcore / flagshipStrategic or Co-development Partner · 20 June 2023Off-take and land partnership for the Zanzibar Clean and Renewable Energy Park (ZCREP). Astra secured a 33-year renewable lease over 207 acres with the Revolutionary Government of Zanzibar, secured a feasibility report, and intends to own and operate the 50 MW project as an independent power producer selling power to ZECO via a long-term PPA. Project is supported by the President of Zanzibar, ZECO, the Ministry of Water, Energy and Minerals, and the Zanzibar Utilities Regulatory Authority, and complements the $142M World Bank / Clean Technology Fund Zanzibar Energy Sector Transformation Project.
• Phambili, USAsupportingStrategic or Co-development Partner · 15 June 2023Strategic partnership finalized in June 2023 between Astra's subsidiary Astra Energy California Inc. and Phambili, USA to solidify municipal solid waste and organic waste processing into non-waste material and refine it into valuable market commodities such as sustainable aviation fuel.
• Astra Regreen India (Astra Regreen India JV)coreChannel Partner/ Reseller/ Distributor · 18 April 2023Joint venture formed with Astra Regreen India, an Indian corporation holding exclusive rights for sales, marketing and distribution of Regreen WTE technology in the Republic of India, including establishing a first-of-its-kind Municipal Recovery Waste Facility in the Southern States.
• Cong Ty Co Phan Viecotech (Vietnam)coreChannel Partner/ Reseller/ Distributor · 1 December 2022Definitive manufacturing and distribution agreement between Astra subsidiary Regreen Technologies Inc. and Cong Ty Co Phan Viecotech of Vietnam under which Regreen and Viecotech are 50-50 partners in the manufacture, distribution, and deployment of the patented Regreen waste management and processing system throughout the Asia Pacific market.
• Holcomb Energy Systems LLC (HES)core / flagshipStrategic or Co-development Partner · 31 October 2022Joined with Holcomb Energy Systems LLC to commercialize the HES In-Line Power Generator (ILPG) and Self-Sustaining Power Plant, targeting a 50% reduction in carbon footprints and energy bills. On September 25, 2023 Astra announced an agreement that secures exclusive worldwide manufacturing and distribution rights to both technologies and to install the equipment in its own projects; the agreement also brought HES founder Dr. Robert Holcomb MD, Ph.D. onto Astra's Board of Directors. Applications span residential, commercial and industrial buildings, renewable energy projects, EV charging stations and power grids, as well as the marine industry via the Fort Lauderdale International Boat Show 2023.
• Regreen Technologies Inc.core / flagshipTechnology or Integration · 11 August 2022On August 5, 2022 Astra entered into definitive agreements to acquire Regreen Technologies Inc., the sole owner of the patented Total Waste System (TWS). On September 6, 2023 Astra announced the spin-out of Regreen Technologies Inc. to pursue a senior U.S. exchange listing or to be absorbed by an existing listed company. Regreen technology has been validated at the Hesperia pilot operation in California, achieving non-waste Class A compostable commodity output, and is the anchor WTE technology behind the Zanzibar Clean and Renewable Energy Park.
• Fruci and AssociatessupportingOthersEngaged as Astra's accounting / auditing firm per the Quick Facts section of the Investor Relations page.
• VStock TransfersupportingOthersEngaged as Astra's transfer agent per the Quick Facts section of the Investor Relations page.
• Investor Brand NetworksupportingGTM or Marketing PartnerEngaged as Astra's public relations firm per the Quick Facts section of the Investor Relations page.

Scale indicators8 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Anaergia Inc. Anaergia is a publicly-traded waste-to-energy and resource-recovery company that converts organic waste into renewable natural gas, electricity, and compostable products. It is directly comparable to Astra in using proprietary waste-conversion technology and operating anaerobic-digestion / WTE facilities, though at significantly larger commercial scale.
• BBOXX Limited: BBOXX is a UK-based distributed-energy company providing solar home systems and clean energy access in emerging markets across Africa and Asia. It is comparable to Astra in targeting under-electrified (<30% access) communities with distributed clean-energy solutions in similar geographies.
• Sun King (formerly Greenlight Planet): Sun King is a leading emerging-market solar energy company selling pay-as-you-go solar home systems across Africa and Asia. It is comparable to Astra's emerging-market clean-energy distribution model, with shared focus on off-grid and underserved-energy-access customer segments.
• d.light: d.light designs, manufactures, and distributes affordable solar lanterns and home energy systems for off-grid households in emerging markets. It overlaps with Astra's mission to deliver affordable modern energy access to underserved communities in Africa and similar geographies.
• M-KOPA: M-KOPA is a pay-as-you-go solar energy provider serving off-grid households in East Africa. It is comparable to Astra's emerging-market distributed-energy thesis, with a similar pay-over-time financing model for clean-energy products serving <30% access markets.

Broad incumbents

• Covanta Holding Corporation: Covanta is one of the largest waste-to-energy operators in North America, running energy-from-waste facilities that combust municipal solid waste to generate electricity. It is comparable to Astra as a broad WTE incumbent that monetizes solid waste streams through long-term utility off-take arrangements.
• WIN Waste Innovations (formerly Wheelabrator Technologies): WIN Waste Innovations operates a fleet of waste-to-energy plants that convert post-recycled municipal solid waste into baseload electricity for utility customers. It overlaps with Astra's WTE-plus-electricity business model, but at incumbent scale across North America rather than emerging markets.
• Babcock & Wilcox Enterprises: Babcock & Wilcox provides renewable, environmental and thermal energy technologies, including waste-to-energy and biomass power systems. It is comparable as a technology/equipment provider that supplies WTE and renewable-energy platforms used by project developers.
• Brookfield Renewable Partners: Brookfield Renewable is one of the world's largest publicly-traded renewable power platforms, operating hydroelectric, wind, solar and storage assets globally. It is comparable to Astra as a long-duration contracted-cash-flow renewable IPP, though at vastly greater scale and broader technology diversification.
• NextEra Energy Resources: NextEra Energy Resources is the world's largest generator of renewable energy from wind and sun, with a contracted PPA-driven business model. It is comparable to Astra's PPA-based IPP economics, but as a broad incumbent spanning multiple renewable technologies and geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xtwitter.com/AstraEnergyInc
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Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

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 Astra Energy