Energy Projects

Executive Summary

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Upshots Energy Development, LLC is a growing U.S. business that has developed an innovative process using proven technology to store heat for generating electricity. The heat is stored in a thermal battery and used as energy to produce power. Unlike conventional battery storage that typically lasts 8-10 hours, the Upshots EGreen™ Microgrid process uses coal ash waste that is repurposed and environmentally safe as the thermal media for long duration energy storage lasting 72 hours or more. Upshots creates high performance thermal energy storage and harvests commercially saleable rare earth elements from the coal ash while helping to solve a global environmental problem.

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Upshots is an investment ready business with existing markets and a strong prospective customer base. The Company has a team of professionals with the combined knowledge and experience to provide all required operational, technical, engineering, environmental, sales and marketing support. Upshots has established relationships for the purchase of its products and services with international corporations and utilities in multiple states. The Company can earn substantial revenue by delivering long duration energy storage while safely and beneficially repurposing coal ash waste. This dual value proposition offers significant financial and operational benefits to utilities facing enormous costs to store coal ash residue from fossil fuel power plants in ponds and monitor for ground water contamination, as well as fines and penalties for non-compliance with federal and state environmental laws.

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Upshots have been accepted into the OBBBA (One Big Beautiful Bill Act) Titled, Energy Dominance Financing (EDF) Program administered by the U.S. Department of Energy (DOE). The Energy Dominance Financing Program provides Upshots a pathway for widespread deployment of the EGreen™ Microgrid by demonstrating its commercial capabilities, as well as access to over $2 billion of potential government funding. Upshots currently has an agreement with The City of Charleston, West Virginia municipal wastewater utility (CSB) for a pre-commercial project that will demonstrate the ability of the EGreen™ Microgrid to store and deliver heat to a thermal energy generator that produces electricity to run CSB equipment. The State of West Virginia alone has over 1,000 wastewater treatment plants. Upshots realistically estimates up to 50% market penetration during the first three years of commercial operations, with an average annual revenue of approximately $600,000 per facility. The Company is securing an approximately 108,000 square feet building at a rail served site to help support its West Virginia operations.

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Upshots forecasts initial revenues from its operations phases as follows:

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Pre-Commercial Operations Phase

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• 24,000 metric tons annual coal ash processing capacity

• $50 million annual revenue from sales of repurposed coal ash as a commodity

• $3.2 million annual revenue from thermal media energy storage

• Return on Investment (ROI) ranging from 87% to 1,500%

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​Commercial Operations Phase

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• 360,000 MT (metric tons) annual coal ash processing capacity

• $750 million annual revenue from sales of repurposed coal ash as a commodity

• $187 million revenue from thermal media energy storage in Year 1. Revenue will increase as more EGreen™ Microgrids are deployed.

• ROI ranging from 150% to 3,000%

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Upshots will provide detailed information to support these figures through Upshots Proforma.

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Funding Support

 

Upshots seek up to $3 million in equity funding to advance and accelerate commercial deployment activities and leverage additional financing from potential end users.

 

Upshots seek debt financing up to $500,000 to accelerate commercial deployment activities.

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Upshots Contact

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C. Nicholas Watson

President and CEO

Email: cnick@upshotsinc.com

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