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Seed VC | Alive

Total Raised


Last Raised

$2M | 9 yrs ago

About GreenSteam

GreenSteam is a technology company specialized in energy saving solutions for commercial vessels. GreenSteam Optimizer is the company's on-board decision support solution. It constantly optimizes the trim and speed of the vessel according to measured conditions, thereby minimizing propulsion resistance.

Headquarters Location

Diplomvej 373



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Expert Collections containing GreenSteam

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

GreenSteam is included in 1 Expert Collection, including Supply Chain & Logistics Tech.


Supply Chain & Logistics Tech

3,711 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

Latest GreenSteam News

UK heat pump start-up receives govt boost

May 31, 2022

UK heat pump start-up receives govt boost In the future, factories may be able to use much less fuel by adopting new British technology that allows them to convert industrial heat into zero carbon heat Tom Taylor founder and chief executive of Futraheat Futraheat, a London start-up, has joined forces with manufacturing integration specialists Projective to secure £149,000 Phase 1 funding from the BEIS Industrial Fuel Switching Competition. Greensteam, Futraheat's heat pump technology, enables industrial users to recycle heat and reduce fuel use radically, delivering energy reductions of up to 90%, according to the UK-based company. The project will also identify potential partners for a potential £1.5mln Phase 2 where, with BEIS support, Futraheat and Projective will be able to deliver two commercial-scale 500kW Greensteam heat pumps for use in an industrial process, with two customers to be confirmed from Phase 1. Futraheat and Projective hope to secure support for Phase 2 next year from a food and drink manufacturer and a pharmaceutical company, the company said in a statement. This February, Futraheat received a grant of £500,000 from Innovate UK to support a demonstrator project for its high-temperature heat pump system. TurboClaw, a new type of patented turbo compressor used by Futraheat's modular Greensteam, offers cost-effective recuperation of low-grade waste heat, a by-product of many industrial processes, and boosts it to 150 centigrade, where it can be successfully reused on site. "Up to 70% of all industrial energy demand is for heat in sectors including pharmaceutical and food manufacturing. This heat is commonly provided as low-pressure steam, and in many cases it is used once and then released to the atmosphere as a waste stream," said Tom Taylor, chief executive. "This can deliver CO2 reductions of around 80-90%, rising to 100% if electricity from renewables is used. Even with a switch to electrical power, users can expect fuel cost savings of between 25-40%." The Surbiton firm has already developed a prototype of 300kW and is working on identifying industrial customers for their 500kW commercial high-temperature Greensteam heat pump. According to the UK government, industry accounted for 16% of UK greenhouse gas emissions in 2018, making it the third-largest emitting sector. Add related topics to MyProactive

GreenSteam Frequently Asked Questions (FAQ)

  • What is GreenSteam's latest funding round?

    GreenSteam's latest funding round is Seed VC.

  • How much did GreenSteam raise?

    GreenSteam raised a total of $2M.

  • Who are the investors of GreenSteam?

    Investors of GreenSteam include Castrol innoVentures.

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