Brillouin Energy Looks to Raise $15 Million in Equity Financing by June

Brillouin Energy is looking to raise $15 million in new equity by June 2017, according to a MergerMarket report uploaded on Brillouin’s website.

Brillouin Energy, a Berkeley, California based clean technology company, is in early discussions to raise USD 15m in equity financing, CFO David Firshein said.  Brillouin’s goal is to complete the Series C raise by June, Firshein said. The company’s pre-money valuation is just over USD 60m, he said.  Brillouin is developing an ultra-clean, low cost, renewable energy technology that can produce commercially useful amounts of thermal energy from Low Energy Nuclear Reactions (LENR).

The company is seeking both strategic and financial investors, Firshein said. It has alreadyattracted interest from both venture firms and corporates, but it does not yet have a lead investor for the round, he said.  Proceeds from the raise will support further development of Brillouin’s renewable heat energy technology and will make the technology market ready, the CFO said. The company expects to be cash flow break-even in about a year, he added.

Brillouin is already generating some revenues based on licensing agreements it has in place, the CFO said.

The company has two licensing agreements one with a South Korean company active in the infrastructure sector and another with a company that operates in Canada, he said.  Brillouin was founded in 2009 and has total funding of approximately USD 11m. Its most recent round of USD 7.75m closed at the beginning of March. James Farrell, managing director at Beyond Carbon Energy was lead investor for the round.  Brillouin’s technology includes a method of electrical stimulation of nickel metal conductors based on Brillouin’s proprietary control system Q Pulse, according to its website.

Its offering also includes a WET Boiler that can provide commercial and residential buildings with lower grade process heat up to 150°C and a Hydrogen Hot Tube that can provide several scalable non- fossil fuel process heat applications including steam turbine power plants, hydronic heating and desalination of salt water.

 

Brillouin Energy Independent Report Validates Technology

BERKELEY, CA, December 1, 2015 – Brillouin Energy Corp., developer of renewable energy technologies capable of producing commercially useful amounts of thermal energy (heat) based on controlled low energy nuclear reactions (“LENR”), announced today that its Hydrogen Hot Tube (HHT) Boiler System reactor core modules, were the subject of a recently completed independent Technical Validation Report.

The 35-page Report was prepared as technical due diligence by Michael Halem, a third party technical investigator. The Technical Validation Report summarizes the investigation into Brillouin Energy’s HHT single tube core prototypes at Brillouin’s Berkeley laboratory and at its research partner SRI International. The results are drawn from a series of calibrated tests of both systems. Mr. Halem personally designed tests on the HHT systems and then directed the technical staff of Brillouin Energy and SRI to execute the test plans. The tests, in which 95 channels of data were recorded and then investigated, included multiple technical changes to validate the thermodynamic results.

In all cases, the results were consistent: the data demonstrate with very high confidence that the Brillouin Energy HHT prototype repeatedly produced lab-scale excess heat from LENR.

“I was given full access to the experiments,” said Mr. Halem. “I was able to confirm, with a high degree of confidence, excess energy output above chemical and likely due to a nuclear reaction.” The Technical Validation Report affirms that Brillouin Energy’s HHT technology “is scalable by assembling multiple HHT tubes” in a reactor system. The Report was peer reviewed by Mr. Halem’s technical colleague, Dr. Antoine Guillemin who holds his Masters in Nuclear Physics and Ph.D. in Building Physics. Brillouin Energy’s Technical Validation Report is available upon request to qualified interested parties under a customary non-disclosure agreement.

For further information, please contact:

Grant Draper Grant@CapstreamX.com +1-415-745-0254

Michael Halem michael.halem@lenr-invest.com +1-914-407-4520

About Brillouin Energy

Brillouin Energy is a clean-technology company based in Berkeley, California, which is developing, in collaboration with Stanford Research International (SRI), an ultra-clean, low-cost, renewable energy technology that is capable of producing commercially useful amounts of thermal energy from LENR. Brillouin Energy’s technology includes a proprietary method of electrical stimulation of nickel metal conductors using its unique Q-Pulse control system. The process stimulates the system to generate LENR reactions, which generates excess heat. The excess heat produced is a product of hydrogen and a nickel metal lattice. Other than the heat output, there are no (zero) toxic or CO2 emissions of any kind.

Brillouin Presentation

Bob George, CEO, and Robert Godes, President and CTO of Brillouin Energy Corporation, the company in Berkeley California working on their LENR technology with Stanford Research Institute gave a nice interview on the SmartScarecrow show.

Brillouin is an impressive company with a working CECR theory and two products in development. The WET Boiler (Water Electrolytic Tube) is being done at their lab in Berkeley and the HHT (Hydrogen Hot Tube) is being worked on at SRI International in Menlo Park.

Google has allegedly visited their laboratory.  What this means remains to be seen as Brillouin admits it is still a year or more from commercial licensing to manufacturers.

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