Terrajoule

Terrajoule

Manufactures dispatchable solar and storage systems

Overview

Terrajoule provides a dispatchable solar energy and storage system for industrial and agricultural customers as an alternative to diesel generators and PV+battery setups. Its DG-S platform uses concentrated solar power with parabolic troughs to generate steam, which drives a Skinner Universal Unaflow steam piston engine connected to an AC generator for on-demand electricity. Thermal energy is stored in large insulated pressurized water tanks, enabling 24/7 operation without relying on lithium batteries. The system targets on-site, off-grid or grid-adjacent installations with multi-million-dollar capital costs; the company was founded in 2009 by Stephen J. Bisset and later restarted after acquiring the original IP, but is noted as out of business around 2019–2021.

About Terrajoule

Simplify's Rating
Why Terrajoule is rated
D+
Rated C on Competitive Edge
Rated D+ on Growth Potential
Rated D+ on Differentiation

Industries

Hardware

Industrial & Manufacturing

Energy

Company Size

1-10

Company Stage

Series A

Total Funding

$11.5M

Headquarters

Palo Alto, California

Founded

2009

Get referred to Terrajoule

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • ECT completed the Terrajoule acquisition on December 24, 2025, unlocking Rice licensing.
  • ECT raised A$3.25 million in 2025, funding development and field trials through 2026.
  • Management expects 2026 field trials to refine commercialization and support product positioning.

What critics are saying

  • PitchBook listed Terrajoule out of business by 2021, signaling a broken operating franchise.
  • ECT classified Terrajoule as an asset acquisition, not a business, implying minimal operating substance.
  • Missing 2026 commercial soil-remediation contract leaves the 2027 milestone and valuation stranded.

What makes Terrajoule unique

  • Terrajoule’s original edge was dispatchable solar using thermal storage, not lithium batteries.
  • The 2025 ECT deal repurposed Terrajoule into Rice University’s flash-joule-heating platform.
  • Performance-right milestones tie value to 5-kilogram soil remediation and US$2.5 million contracts.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$11.5M

Below

Industry Average

Funded Over

1 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
Discord
$11.5M
Terrajoule
$15M
Canva
$30M
Kalshi

Company News

TipRanks
Oct 30th, 2025
Environmental Clean Technologies Acquires Innovative Soil Remediation Technology - TipRanks.com

Environmental Clean Technologies Limited ( ($AU:ECT) ) has shared an update. Environmental Clean Technologies Limited has announced a significant acquisition of Ter...

Recently Posted Jobs

Sign up to get curated job recommendations

There are no jobs for Terrajoule right now.

Find jobs on Simplify and start your career today

We update Terrajoule's jobs every few hours, so check again soon! Browse all jobs →