Loveland Firm Secured Funding for Clean Energy Tech

ATS Energy has closed a new financing round to transition its waste heat conversion technology to commercial production.

Updated on Oct. 14, 2026 in Electric Vehicles

Loveland Firm Secured Funding for Clean Energy Tech

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Loveland-based ATS Energy secured fresh capital to scale the production of its proprietary thermoelectric cartridges. The funding will support the assembly of the company's first commercial power generator unit.

Why it matters

The capital injection enables the firm to move from pilot development into mass production using contract manufacturers. This shift aims to facilitate the company's entry into the commercial electricity market by 2027.

ATS Energy placed second in the Innovations for Traditional Energy, Electricity & the Grid category at the 2026 CERAWeek competition. The company plans to deploy its first commercial solid-state generator by mid-2027.

The players

ATS Energy

This Loveland-based company develops thermoelectric technology designed to capture and convert industrial waste heat into usable electricity.

Edward Ganja

He is the newly appointed Chief Technology Officer tasked with leading the firm through its transition into large-scale commercial manufacturing.

The details

The firm utilizes technology to convert industrial waste heat directly into electricity without the use of traditional turbines. To oversee this commercial expansion, the company has appointed Edward Ganja as its new Chief Technology Officer.

ATS Energy won the Earthshot Prize in 2024.
The company completed an initial funding round in 2025.
The firm placed second at the CERAWeek competition in 2026.
ATS Energy aims to begin generating revenue in 2027.
The first commercial generator is slated for deployment by mid-2027.

Roadmap

ATS Energy builds on the industry validation of its 2024 Earthshot Prize win to transition from experimental research to commercial manufacturing. This move positions the firm to compete in the broader grid-decarbonization sector against traditional thermal energy providers.

As the firm moves toward commercial generator production by mid-2027, industrial sectors may gain access to new efficiency tools for reducing energy waste. Local residents and stakeholders can track the company's progress as it aims for its first revenue-generating milestones next year.

The takeaway

The transition to commercial production marks a critical phase for firms developing non-turbine energy conversion. Stakeholders should observe whether the planned 2027 deployment maintains the performance metrics validated during early-stage competition.