Cogent Energy Systems, Inc. Asset Profile

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Year established

2012

Location

Merrifield VA US

Primary Industry

Power & Utilities

About

Founded in 2012 and based in Virginia, US, Cogent Energy Systems, Inc. operates as a provider of waste-to-energy services such as ionic gasification that are applied in fields such as farms, hospitals, industrial parks, and military installations. Peter Kong and Abraham Haspel (CEO) are the co-founders of the company. In October 2022, Heartland Water Technology, Inc. acquired Cogent Energy Systems, Inc. The company offers the HelioStorm™ gasifier, which is a proprietary ultra-high-temperature ionic gasifier capable of processing solid, liquid, or gaseous feedstocks. The HelioStorm Gasifier delivers a cascading energy effect, allowing downstream modules to benefit from the energy in upstream modules, lowering the input electricity requirements for the system and increasing the yield of surplus electricity. The ultra-pure syngas produced by the HelioStorm is used by customers as a fuel stock for machinery that produces power, liquid fuels, hydrogen, and valuable compounds that can be used or sold. The firm serves industries including hospitals, industrial parks, military installations, mining camps, remote and island communities, hotels and golf resorts, and agricultural enterprises.

Current Investors

Heartland Water Technology, Inc.

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Primary Industry

Power & Utilities

Sub Industries

Waste to Energy

Company Stage

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Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Cogent Energy Systems, Inc.	07 Oct 2022

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