SeaPower Incorporated
SeaPower Incorporated, founded 1999 and headquartered in San Diego, designs and sells floating, barge-mounted coal and LNG power plants (25–200 MW) under exclusive license to Micronized-Coal Technology®, targeting emerging-market island nations and government utilities via bundled PPA/EPC/O&M agreements.
- Company typePrivate
- Founded1999
- HeadquartersSan Diego, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What SeaPower Incorporated does
SeaPower Incorporated, founded in 1999 and headquartered in San Diego, California, is a privately held engineering and project-development company (1–10 employees) that designs and sells floating, barge-mounted power plants for emerging-market and remote-grid customers. The company holds exclusive worldwide rights to Energy Partners, Inc.'s Micronized-Coal Technology® for floating applications, and produces three product lines: the FCPP (Floating Coal Power Plant), the BMCP (Barge Mounted Coal Power), and the BMPP (Barge Mounted Power Plant — LNG), each offered in modular 2x25MW, 2x50MW, and 2x100MW configurations. The underlying value proposition is that micronized-coal combustion enables ~1/5 the boiler size of conventional coal units, allowing the entire plant to be fabricated in shipyards and towed to sites that cannot host conventional land-based EPC construction.
The company targets emerging-market island nations and coastal jurisdictions, as well as government utilities and independent power producers (IPPs). Its commercial model bundles three revenue streams: one-time plant sales (EPC), structured project financing, and long-term operating agreements (PPA and O&M). This three-phase offering is designed to lower the upfront capital barrier for sovereign utility buyers and to create multi-year service revenue. The technology itself has been deployed commercially at U.S. industrial sites in Cleveland, OH (Cleveland Cliffs), Houtzdale, PA, and Rochelle, IL, providing third-party validation of the underlying combustion platform, though SeaPower's own commercial deployments are not disclosed in the input data.
SeaPower Incorporated firmographics
Firmographics- Name
- SeaPower Incorporated
- Legal name
- SeaPower, Inc.
- Website
- https://seapower-inc.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- SeaPower Incorporated, founded 1999 and headquartered in San Diego, designs and sells floating, barge-mounted coal and LNG power plants (25–200 MW) under exclusive license to Micronized-Coal Technology®, targeting emerging-market island nations and government utilities via bundled PPA/EPC/O&M agreements.
- Ownership category
- akta.pro rank
SeaPower Incorporated industry classification
Industry- Product category
- Floating and Barge-Mounted Power Generation
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Turbine and Turbine Generator Set Units Manufacturing (333611), Ship and Boat Building (33661)
- SIC
- Cogeneration Services & Small Power Producers (4991), Motors & Generators (3621), Engines & Turbines (3510)
- akta.pro primary industry
- Marine Diesel & Barge-Mounted Power Generation (EUACACAJ)
- akta.pro secondary industries
- Marine Generators, Alternators & Power Electronics (Gen-sets, VFDs, converters) (IMAJAHAI), Marine Power Generation & Energy Storage (Generators, Batteries, UPS) (IMAJAJAB)
Keywords
Where SeaPower Incorporated is headquartered
LocationHeadquarters
- HQ city
- San Diego
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
SeaPower Incorporated business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Technology or R&D, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Power Plant Sales and Delivery: SeaPower generates revenue through the sale and delivery of turnkey floating coal power plants, barge-mounted coal power plants, and LNG-fueled barge mounted power plants. Revenue is realized through phased project financing structures covering feasibility, engineering/procurement/construction, and operational handover.
- Structured Financing Services: The company facilitates project financing and structured financing arrangements for power plant deployments, likely earning fees or interest income through financing arrangements with utilities and governments in emerging markets.
- Operating Agreements: Operating guarantees including Operator Agreements and Performance Guaranties suggest ongoing operational services revenue beyond initial plant delivery.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
SeaPower Incorporated product offering
Product offeringCore offering
SeaPower designs, manufactures, and delivers floating and barge-mounted power plants (FCPP, BMCP, BMPP-LNG) using its proprietary Micronized-Coal Technology®, with modular capacities of 2x25MW, 2x50MW, and 2x100MW. The plants are compact and towable, intended for remote island nations, coastal regions, and emerging markets where conventional grid-scale power infrastructure is impractical.
Product overview
SeaPower Incorporated offers a portfolio of floating and barge-mounted power plant solutions built around its proprietary Micronized-Coal Technology®. The core product line consists of three main offerings: the Floating Coal Power Plant (FCPP), Barge Mounted Coal Power (BMCP), and Barge Mounted Power Plant (BMPP). The Micronized-Coal Technology® enables compact boilers approximately 1/5th the size of conventional plants, allowing coal power generation to be mounted on vessels or barges for delivery to remote locations and island nations. Plants are available in standard capacities of 2x25, 2x50, or 2x100 megawatts, with financing structures including PPA, EPC, and O&M phases.
Differentiator
Problem solved
Functional benefit
Products and services
- Floating Coal Power Plant (FCPP)
Quantifiable outcome
- Boilers are approximately 1/5th the size of conventional plants
- +3 more outcomes
Companies that use SeaPower Incorporated
Customer profileSegments3 records
Ideal customer profiles1 record
SeaPower Incorporated technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
SeaPower Incorporated partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Energy Partners, Inc.coreEnergy Partners, Inc., established in 1979, is dedicated to design, management and development of advanced and conventional energy and environmental technologies with an unprecedented track-record in implementation of first-of-a-kind systems. Energy Partners is associated with SeaPower Inc for exclusive technology rights to the coal micronization technology. Examples of their deployed technology include Cleveland Cliffs Coal Micronization Mill, Dual Fuel Micronized Coal and Gas Burner, Houtzdale Micronized Coal Energy Plant, and Rochelle Micronized Coal Electric Plant.
Scale indicators5 records
Recent moves5 records
Expansion highlights10 records
SeaPower Incorporated competitors and assessment
Company assessmentDirect peers
- Caterpillar Marine Power: Caterpillar supplies marine and industrial generator sets used in barge-mounted power plants, including for remote and offshore applications. It is a competing supplier for many of the same modular power generation projects SeaPower targets.
- Wärtsilä: Wärtsilä is a global marine and energy technology company with a dedicated barge-mounted and floating power plant business targeting island grids and emerging markets. Its engines and PowerPlant solutions compete with SeaPower's FCPP/BMPP offerings in the same flexible, modular generation niche.
- Karpowership: Turkey-based Karpowership operates one of the world's largest fleets of floating power ships delivering barge-mounted gas/diesel generation to utilities in Africa, the Caribbean, and the Middle East. It is the closest direct competitor to SeaPower in the floating/barge-mounted power plant category, serving the same emerging-market utility customer base.
- Aggreko: Aggreko provides temporary and mobile power generation including barge- and containerized solutions for utilities, mining, and events globally. It competes with SeaPower for remote and short-to-medium term power supply contracts in emerging markets and industrial sites.
Broad incumbents
- MAN Energy Solutions: MAN Energy Solutions manufactures large marine engines and provides turnkey power plant solutions, including barge-mounted configurations, for utilities and industrial customers. It is a broader incumbent with overlapping power-generation capabilities in the marine/floating plant segment.
- Cummins Power Generation: Cummins manufactures diesel and gas generator sets for marine, utility, and industrial applications, including barge-mounted configurations. It serves overlapping remote-power and emerging-market utility customers with modular generation products.
- Siemens Energy: Siemens Energy offers a broad portfolio of power generation equipment, grid solutions, and has historically delivered floating/barge power projects. As a broad incumbent, it overlaps with SeaPower's emerging-market utility customer base across multiple fuel and platform choices.
- Mitsubishi Power: Mitsubishi Power supplies gas, steam, and coal power generation systems and EPC services globally, including for emerging-market utilities. While not specialized in floating plants, it competes for the same utility-scale generation tenders.
Others
- Energy Partners, Inc. Energy Partners, Inc. is SeaPower's exclusive technology partner and the originator of the coal micronization technology licensed to SeaPower. It is a closely related ecosystem participant — supplier of core IP rather than a direct competitor, but central to SeaPower's product offering.
Emerging players
- Floating Power Plant A/S: Floating Power Plant A/S (Denmark) develops combined heat and power floating platforms using rigid sails and gas engines. It is an emerging player addressing the same floating/barge-mounted power generation category as SeaPower but with a different fuel and propulsion mix.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SeaPower Incorporated social profiles
Digital presenceSeaPower Incorporated financial estimates
Financial estimateRevenue estimate
Valuation estimate
SeaPower Incorporated leadership team
Management profileNumber of profiles
Profiles1 record
SeaPower Incorporated funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SeaPower Incorporated M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SeaPower Incorporated
What does SeaPower Incorporated do?
SeaPower designs, manufactures, and delivers floating and barge-mounted power plants (FCPP, BMCP, BMPP-LNG) using its proprietary Micronized-Coal Technology®, with modular capacities of 2x25MW, 2x50MW, and 2x100MW. The plants are compact and towable, intended for remote island nations, coastal regions, and emerging markets where conventional grid-scale power infrastructure is impractical.
Is SeaPower Incorporated a public or private company?
SeaPower Incorporated is a private company. It is classified as unknown and is currently operating.
When was SeaPower Incorporated founded?
SeaPower Incorporated was founded in 1999. It employs 1 to 10 people.
Where is SeaPower Incorporated based?
SeaPower Incorporated is headquartered in San Diego, United States, in the North America region.
How does SeaPower Incorporated make money?
Three revenue lines are on record. Power Plant Sales and Delivery is the primary driver. The others are structured Financing Services and operating Agreements.
Who are SeaPower Incorporated's main competitors?
Direct peers on record are Caterpillar Marine Power, Wärtsilä, Karpowership and Aggreko. Broad incumbents are MAN Energy Solutions, Cummins Power Generation, Siemens Energy and Mitsubishi Power. Energy Partners, Inc. is listed as an others. Floating Power Plant A/S is listed as an emerging player.
Does SeaPower Incorporated have an API?
No public API is recorded for SeaPower Incorporated.
What industry is SeaPower Incorporated in?
SeaPower Incorporated's product category is Floating and Barge-Mounted Power Generation. Its primary akta.pro industry code is EUACACAJ, Marine Diesel & Barge-Mounted Power Generation, with a secondary code of IMAJAHAI, Marine Generators, Alternators & Power Electronics (Gen-sets, VFDs, converters). Its NAICS code is 2211 and its SIC code is 4991.