LOCOAL Company Profile

Background

Overview

LOCOAL is a climate technology company founded in 2016 by military veterans, engineers, and business leaders. The company is dedicated to creating a zero-waste, carbon-negative future by transforming organic waste into valuable resources such as clean energy, sustainable materials, and renewable fuels. LOCOAL's mission is to eliminate landfills, reduce reliance on fossil fuels, and make renewable energy more accessible. The company operates within the renewable energy and waste management sectors, focusing on sustainable waste-to-energy solutions.

Mission and Vision

• Mission: To capture over 30 million tons of carbon annually by 2028 through the deployment of RAINMAKER™ systems worldwide, thereby preventing carbon from re-entering the atmosphere and mitigating climate change.

• Vision: To regenerate the planet by leveraging innovative technology and strategic partnerships to convert waste into the foundation of a sustainable future.

Key Strategic Focus

Core Objectives

• Develop and deploy modular, semi-autonomous pyrolysis systems capable of converting organic waste into clean energy and carbon-rich by-products.

• Achieve global deployment of RAINMAKER™ systems to capture significant amounts of carbon annually.

Areas of Specialization

• Waste-to-energy conversion

• Carbon capture and sequestration

• Renewable energy generation

Key Technologies Utilized

• RAINMAKER™: A modular, semi-autonomous pyrolysis system that converts organic waste into biochar, bioliquids, and syngas.

• AFTERBURN™: A system designed to further process emissions from the pyrolysis process, ensuring near-zero emissions and enhancing the overall efficiency of the waste conversion process.

• IMPACT.AI™: An intelligent, cloud-connected controller that monitors and optimizes the pyrolysis process in real-time, ensuring consistent and high-quality outputs.

Primary Markets Targeted

• Agriculture

• Waste management

• Renewable energy generation

Financials and Funding

Funding History

• Total Funds Raised: $775,000

• Recent Funding Rounds:

• February 2022: Equity funding of $475,000

• March 2023: Debt funding of $300,000

Notable Investors

Specific investor details are not publicly disclosed.

Utilization of Capital

The funds have been allocated towards the development and deployment of RAINMAKER™ systems, research and development of AFTERBURN™ and IMPACT.AI™, and expansion of operational capabilities to support global deployment.

Pipeline Development

Key Pipeline Candidates

• RAINMAKER™ Systems: Modular pyrolysis units designed for rapid deployment to convert organic waste into clean energy and carbon-rich by-products.

Stages of Development

• RAINMAKER™: Prototype development completed; pilot deployments underway.

• AFTERBURN™: In development; integration with RAINMAKER™ systems planned.

• IMPACT.AI™: Operational; integrated with RAINMAKER™ systems for real-time process optimization.

Target Conditions

• Organic waste streams from agriculture, forestry, and municipal solid waste.

Anticipated Milestones

• 2028: Deployment of RAINMAKER™ systems worldwide, capturing over 30 million tons of carbon annually.

Technological Platform and Innovation

Proprietary Technologies

• RAINMAKER™: A modular pyrolysis system that converts organic waste into biochar, bioliquids, and syngas.

• AFTERBURN™: A system designed to further process emissions from the pyrolysis process, ensuring near-zero emissions.

• IMPACT.AI™: An intelligent, cloud-connected controller that monitors and optimizes the pyrolysis process in real-time.

Significant Scientific Methods

• Induction Pyrolysis: A process that heats organic matter with limited oxygen, transforming waste into valuable carbon-rich materials.

• Real-Time Data Monitoring: Utilizing sensor arrays and cloud-connected controllers to monitor and adjust the pyrolysis process for optimal performance.

Leadership Team

Key Executives

• Miles Murray: CEO & Co-Founder. Former U.S. Army Officer with experience in construction and technology systems transformation. Holds degrees from the United States Military Academy at West Point and the University of Texas.

• Petey Peterson: CRO & Co-Founder. Expert in zero-waste management solutions and sustainable product development. Holds degrees from the University of Colorado and the University of Texas.

• Richard Paco: CFO. Over 23 years of leadership experience, including roles in Fortune 500 companies. Holds degrees from the United States Military Academy at West Point and the University of Arizona.

• Joshua Rasey: VP of Operations. U.S. Army Veteran Tank Commander with a passion for problem-solving and team collaboration.

Competitor and Market Profile

Market Insights and Dynamics

• The global waste-to-energy market is expanding, driven by increasing waste generation and the need for sustainable energy solutions.

• Industry trends emphasize carbon capture technologies and renewable energy sources.

Competitor Analysis

• DC Water: Focuses on water treatment and energy generation from waste.

• Puretec Industrial Water: Specializes in water treatment solutions.

• Wring Group: Provides waste management and recycling services.

• UET Recycling Industrial Water LTD.: Offers waste-to-energy and water treatment services.

Strategic Collaborations and Partnerships

• Wakefield Biochar: $10 million under contract for biochar production.

• Air Force SBIR Program: $2.6 million in funding received.

Operational Insights

• Strategic focus on rapid deployment and scalability of RAINMAKER™ systems to gain market share.

• Competitive advantages include proprietary technologies, veteran-led leadership, and strong partnerships.

Strategic Roadmap and Future Directions

Short-Term Goals

• Finalize development of AFTERBURN™ and IMPACT.AI™.

• Expand pilot deployments of RAINMAKER™ systems.

Long-Term Goals

• Achieve global deployment of RAINMAKER™ systems.

• Capture over 30 million tons of carbon annually by 2028.

Opportunities for Expansion

• Enter new markets with high organic waste generation.

• Develop additional waste-to-energy solutions.

Future Objectives

• Enhance technology offerings to increase efficiency and scalability.

• Strengthen strategic partnerships to support global deployment.

Contact Information

• Website: LOCOAL official website

• Social Media:

• LinkedIn: LOCOAL LinkedIn page

• Facebook: LOCOAL Facebook page

• Twitter: LOCOAL Twitter profile