Swedish Stirling AB
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Swedish Stirling AB - overview
Established
2008
Location
Malmo, -, Sweden
Primary Industry
Power & Utilities
About
Swedish Stirling AB is a company engaged in the development and operation of innovative energy solutions, focusing on sustainable technologies for the energy sector. Founded in 2008, Swedish Stirling AB operates in Malmo, Sweden, specializing in energy solutions. The company underwent a strategic pivot towards sustainable technologies. It has secured funding through two major deals, with the most recent being a Trade Sale on September 1, 2016, where Dividend Sweden AB acquired a stake, raising USD 0.
610 mn. The CEO is Dennis A. Swedish Stirling AB specializes in sustainable energy technologies, offering solutions that convert waste heat into electricity. Their flagship product utilizes a unique Stirling engine technology, aimed at improving energy efficiency and reducing carbon emissions.
This innovative approach targets clients in various sectors, including industrial operations and energy generation. In the most recent financial year of 2021, Swedish Stirling AB reported revenue of USD 8,510. 70 mn, accompanied by an EBITDA of USD -2,883,944. 70.
Swedish Stirling AB plans to launch new energy solutions focusing on waste heat recovery technologies by 2024. The company aims to expand into emerging markets in Asia and North America, targeting new partnerships with local energy providers. The recent funding from Dividend Sweden AB will be utilized to support product development and market entry strategies.
Current Investors
A. Ahlstrom Corporation
Primary Industry
Power & Utilities
Sub Industries
Power Generation Equipment & Services
Website
www.ripassoenergy.com
Total Amount Raised
Subscriber access only
Swedish Stirling AB - timeline of key events
Swedish Stirling AB - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1 | 1,708,647 | 249,339 | 2,758,945 | 1,022,139 | 517,000 | - | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | 170864600.0% | (85.4%) | 1006.5% | (63.0%) | (49.4%) | (100.0%) | - | - | - | - | - | - |
| EBITDA (USD) | (2,615,550) | (4,551,274) | (3,735,942) | (3,345,303) | (9,770,817) | (7,922,000) | (5,079,000) | (14,506,000) | (99,105,000) | (20,257,000) | - | - | - |
| Operating Income (USD) | (3,908,140) | (6,074,529) | (5,174,829) | (4,675,434) | (10,498,535) | (8,178,000) | (5,137,000) | (14,924,000) | (100,931,000) | (22,951,000) | - | - | - |
| Operating Margin | (390814000.0%) | (355.5%) | (2075.4%) | (169.5%) | (1027.1%) | (1581.8%) | - | - | - | - | - | - | - |
| % EBITDA Margin | (261555000.0%) | (266.4%) | (1498.3%) | (121.3%) | (955.9%) | (1532.3%) | - | - | - | - | - | - | - |
| NET Income (USD) | (5,050,083) | (6,779,402) | (5,064,999) | (6,057,417) | (15,439,734) | (8,177,000) | (5,539,000) | (19,142,000) | (127,026,000) | (72,877,000) | - | - | - |
| % Net Margin | (505008300.0%) | (396.8%) | (2031.4%) | (219.6%) | (1510.5%) | (1581.6%) | - | - | - | - | - | - | - |
Swedish Stirling AB - employee data
Swedish Stirling AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member Board Of Directors | BM | ||||||
| Chairman of the Board of Directors | BM |
BM Board Member
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