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 Announces Breakthrough

Researchers at SRI International are reporting that they have successfully replicated “over unity” amounts of thermal energy (heat) for Brillouin Energy Corporation’s most advanced Isoperibolic (“IPB”) Hydrogen Hot Tube™ (HHT™) reactor test systems based on controlled low energy nuclear reactions (“LENR”). Researchers at SRI conducted a series of third-party tests of Brillouin Energy’s IPB HHT™ LENR reactor test systems from March to December 2016. Dr. Francis Tanzella, principal investigator and Manager of the Low Energy Nuclear Reactions Program, was assigned to SRI’s testing of Brillouin Energy’s LENR systems and conducted all of the third-party validation work.

In its Interim Progress Report, SRI summarizes its extensive testing of five identical Brillouin Energy metallic reactor cores, which produced the same over-unity controlled heat outputs, turning the reaction heat on and off repeatedly. “Brillouin Energy appears to have achieved its most groundbreaking test results to-date,” the Report states.

Data from the SRI International test runs show LENR heat outputs up to several watts were repeatedly produced from positive coefficients of performance (COPs) in the range of 1.2X to 1.45X. The Report continues that LENR heat being independently validated with positive COPs is significant: “The LENR coefficients of performance (COPs) may be considered low and small scale however, it would be a mistake to discount them, in light of the accuracy of their calorimetry, the consistent repeatability of their production, their controllability, and the reproducibility and refinement of their manufacturing techniques, specifications, and components, all leading to the same repeated results. Moreover, the transportability of the system is another remarkable achievement”.

“By using standard industrial manufacturing processes for our reactor test systems, we have identified an engineering pathway for manufacturing Brillouin Energy’s IPB HHT™ reactor prototypes,” said Robert Godes, Chief Technology Officer and Co-Founder of Brillouin Energy Corp.

In 2017, Brillouin Energy will continue to work with SRI International in the testing process to help it to engineer and develop its IPB HHT™ reactor test systems, with the goal of evolving them towards LENR prototype equipment systems, which potentially may generate commercial scale LENR Heat on demand for industrially useful applications.

“We are on the cusp of a new era of cheap, abundant and reliable power from LENR technologies, at a time when the United States and many other countries are re-defining their commitments to mitigate the impacts from climate change,” said Robert W. George, Chief Executive Officer, Brillouin Energy.

Brillouin Energy’s LENR technology includes a proprietary method of electrical stimulation of nickel-metal conductors using its Q-Pulse™ control system. The process stimulates the system to produce LENR reactions, which generate excess heat and helium. The excess heat produced is a product of hydrogen and a nickel-metal catalyst. The Q-Pulse™ control system stimulation is the key to maintaining the reaction. Other than the heat output, there are no (zero) toxic or CO2 emissions of any kind.

The SRI Interim Progress Report summarizes all of the data and conclusions from SRI International’s nine months of testing of Brillouin Energy’s IPB HHT™ LENR reactor systems. To view the Report, visit http://brillouinenergy.com/science/experimental-results/.

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. For more on Brillouin Energy, please visit http://www.brillouinenergy.com.

About SRI International
SRI International (http://www.sri.com) creates world-changing solutions making people safer, healthier, and more productive. SRI, a research center headquartered in Menlo Park, California, works primarily in advanced technology and systems, biosciences, computing, and education. SRI brings its innovations to the marketplace through technology licensing, spin-off ventures and new product solutions.

Brillouin Energy Introduction Video

Entitled “Nature’s Own,” this video highlights the Brillouin Energy leadership and technology team in Berkely, California.

Brillouin_Energy_Corp_Intro_Video from Brillouin Energy on Vimeo.

Introducing Brillouin Energy, a clean-technology company located in Berkeley California, which is developing ultra-clean, low-cost, renewable energy technologies capable of producing commercially useful amounts of thermal energy (heat). The company’s technologies are based on low energy nuclear reactions (“LENR”), which it generates on a controlled basis in its uniquely designed reactors.

See more at: brillouinenergy.com

Brillouin Energy Presents on Capitol Hill

From ColdFusionNow.org

Brillouin Energy Corp. presented its groundbreaking thermal energy technology on Capitol Hill last week. Attendees included Members of Congress, congressional aides, federal government officials, industry representatives, and citizens’ groups concerned with the federal government’s progress on developing clean energy solutions.

“It was great to see that much interest in DC for a true safe green nuclear power technology,” commented Brillouin’s President and Chief Technology Officer, Robert Godes.

Attendees were able to learn about Brillouin’s prototype LENR reactors and hear from a number of speakers, including Dr. Michael McKubre of Stanford Research International (SRI). Brillouin and SRI have entered into a technology research agreement under which SRI is engaged in calibration testing and independent analysis of the Brillouin technology.

As Dr. McKubre noted in a report distributed at the event, “it is very clear that something on the order of four times (4x) and potentially more gain in power (and therefore ultimately energy) was achieved at an impressive and industrially significant operating temperature of around 640°C. To my knowledge this had not been achieved before in the LENR field. The fact that the Q pulse input is capable of triggering the excess power on and off is also highly significant.”

In addition, Dr. Banning Garrett, former Strategic Foresight Senior Fellow at the Atlantic Council, was also present and issued a report detailing the current status of the LENR field and credibility of Brillouin’s claims. As Dr. Garrett noted, “LENR power generation, if realized, has the potential to become one of the technologies for transformation of the global energy system.”

Brillouin’s breakthrough technology is now garnering national and international attention and the company looks forward to working with government and industry leaders to bring this technology to market.

Link to Press Release