SaltX Technology
Financials
Estimates*
EUR | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|---|
Revenues | 4.4m | <1m | <1m | <1m | <1m | <1m |
% growth | - | (97 %) | 253 % | 17 % | (97 %) | (49 %) |
EBITDA | 2.4m | (2.0m) | (2.8m) | (5.2m) | (4.4m) | (2.7m) |
% EBITDA margin | 53 % | (1323 %) | (521 %) | (830 %) | (23934 %) | (28765 %) |
Profit | 2.2m | (2.0m) | (2.7m) | (11.7m) | (8.4m) | (3.6m) |
% profit margin | 51 % | (1314 %) | (506 %) | (1858 %) | (45440 %) | (38484 %) |
EV / revenue | 0.3x | 522.1x | 319.0x | 43.9x | 2434.3x | 4424.4x |
EV / EBITDA | 0.5x | -39.5x | -61.2x | -5.3x | -10.2x | -15.4x |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €100k | Grant | |
N/A | N/A | IPO | |
* | N/A | Support Program | |
N/A | SEK5.0m | Grant | |
* | N/A | SEK5.4m | Post IPO Equity |
* | SEK38.0m | Post IPO Equity | |
* | SEK20.0m | Post IPO Debt | |
Total Funding | €650k |
Recent News about SaltX Technology
EditSaltX Technology specializes in sustainable energy storage solutions using nano-coated salt. The company focuses on addressing the volatility of renewable energy production by providing a robust, economical, and safe thermo-chemical storage system. SaltX operates in the renewable energy market, serving cities and industries transitioning to fossil-free energy systems. The business model revolves around collaborating with partners to build pilot plants and optimize their energy storage technology. Revenue is generated through the deployment and commercialization of their storage solutions. SaltX's first large-scale pilot plant, built in 2019 in Berlin, stores excess power and discharges energy directly into the district heating network. The company is currently developing another reactor pilot outside of Stockholm. By streamlining capacity needs and maximizing the use of renewable resources, SaltX aims to play a significant role in the new decarbonized economy.
Keywords: thermo-chemical storage, nano-coated salt, renewable energy, fossil-free, pilot plants, energy infrastructure, decarbonized economy, district heating, sustainable, energy transition.