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StorEn Technologies

Operating

StorEn Technologies, Inc.

Energy & Cleantech · Stony Brook, NY

Renewable Energy Storage Solar-Charged Batteries Are The Future

Post-money valuation
$60.9M
As of Nov 2024 · from StorEn Technologies Common Stock 4 · pre-money + amount raised, not a traded price
Total raised
$12,857,749
Across 6 rounds since 2018
Latest share price
$7.12
Reg CF Offering (2025) offering price

Financials

FY2015–FY2025 · from SEC filings · hover any figure for its source
$0
$489K
2018
$0
−$621K
2019
$100K
−$63K
2020
$0
$80K
2021
$35K
−$1.4M
2022
$50K
−$1.9M
2023
$111K
−$1.7M
2024
$35K
−$938K
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 3 earlier years are in the table below.

Metric
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Income statement
Revenue
$0
$0
$0
$0
$0
$100,000
$0
$34,724
$50,303
$110,989
$35,250
Cost of goods sold
$0
$0
$0
$0
$0
$0
$0
$56,490
$43,143
-$270,000
-$545
Gross margin
100%
-63%
14%
-143%
98%
Net income
$0
$0
-$126,835
$488,940
-$620,848
-$63,415
$80,073
-$1,426,719
-$1,897,383
-$1,668,798
-$937,565
Taxes paid
$0
$0
$0
$0
$0
$189
$0
$0
$0
$0
$0
Balance sheet
Cash
$0
$0
$15,007
$3,243
$275,338
$240,134
$1,923,450
$1,795,411
$3,291,128
$34,936
$5,405
Accounts receivable
$0
$0
$0
$0
$0
$0
$0
$111,219
$6,519
$115,989
$3,939
Total assets
$0
$0
$15,007
$3,243
$361,123
$383,101
$2,679,080
$3,291,128
$1,847,132
$1,046,951
$980,187
Short-term debt
$0
$0
$0
$0
$203,843
$531,029
$407,243
$664,014
$131,946
$318,398
$458,060
Long-term debt
$0
$0
$15,742
$47,608
$0
$0
$0
$64,500
$65,994
$0
$0
Total liabilities
$0
$0
$15,742
$47,608
$634,634
$531,029
$407,243
$728,514
$197,940
$318,398
$458,060
Other
Headcount
4
4
4
3
4
5
5
4

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$28.7M
post-money
$29.1M
post-money
$48.6M
post-money
$61.6M
post-money
$60.9M
post-money
StorEn Technologies Stock 1
StorEn Technologies Stock 2
Reg A Offering (2020)
StorEn Technologies Common Stock 3
StorEn Technologies Common Stock 4

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Reg CF Offering (2025)ClosedReg CF · Common Equity · via DEALMAKER SECURITIES LLC
Raised $585.5K / $3.6M
StorEn Technologies Common Stock 4ClosedReg CF · Common Equity · via StartEngine
Raised $923.4K / $3.6MInvestors 539Post-money $60.9M
StorEn Technologies Common Stock 3ClosedReg CF · Common Equity · via StartEngine
Raised $1.4M / $5MInvestors 996Post-money $61.6M
Reg A Offering (2020)ClosedReg A+ · Common Equity · via STARTENGINE PRIMARY LLC
Raised $8.2M / $12MInvestors 6,195Post-money $48.6M
StorEn Technologies Stock 2ClosedReg CF · Common Equity · via StartEngine
Raised $1.1M / $1.1MInvestors 1,733Post-money $29.1M
StorEn Technologies Stock 1ClosedReg CF · Common Equity · via StartEngine
Raised $659.8K / $1.1MInvestors 677Post-money $28.7M

Team

14 people
Angelo D'AnziFounder
Founder, CTO, & Director

Angelo was the CEO and CTO of Arcotronics Fuel Cells, a division of Arcotronics Nissei now Kemet (NYSE: KEM), subsequently acquired by Morphic AB, a group of companies listed on the Stockholm Stock Exchange, Angelo was retained by Morphic Fuel Cells as CEO. In 2013, Angelo founded Proxhima, a vanadium flow battery company, sold to the Gala Group in 2015 (a utility listed on the Milan Stock Exchange). In 2017, Angelo co-founded StorEn Technologies. Angelo holds 14 WIPO patents in VFBs, Fuel Cells and cogeneration. He received the 2003 Sapio Award in the Energy and Transportation category with a paper titled “Technological Transfer between Research Institutions and Private Companies in the Polymer Electrolyte Fuel Cell Technology". Angelo holds a MBA degree from the LUISS Business School in Rome.

John DavisFounder
CEO, Board Member

John has over 28 years executive level experience in sales and business development heavily focused on emerging technology solutions for the telecommunications and utilities industries. Most recently, John held the position of Director of Business Development for XNRGI, Inc, an early stage lithium battery developer building an innovative solid state lithium battery technology. Over the course of the last 20 years, John has worked with a number of flow battery and fuel cell developers including, ZincNyx, RedFlow LTD, Deeya Energy, VRB Power, ReliON Fuel Cells and Metallic Power. During his time at VRB, one of the first vanadium flow battery companies, John oversaw the sales and delivery of the first flow battery installed at a telecom site. John was also instrumental in the standardization of hydrogen fuel cells used as stationary backup power at many telecom sites in the US and the Caribbean. In the mid 1990’s, John held the position of Sr. Director, European Sales with Tekelec Inc. managing an extensive distribution network in 15 countries. John has a strong engineering background with a B.S. in Electrical and Computer Engineering from Clemson University.

/s/ Angelo D'Anzi
Chief Executive Officer
Carlo Brovero
Chief Executive Office, Treasurer & Director
Dr. Alan Rae
Scientific Advisor

Dr. Rae has worked in electronics, ceramics, nanotechnology and “clean tech” for over 30 years in the USA and UK, and is an Executive Director of IncubatorWorks . He is a founder member of the Graphene Stakeholders’ Association and an Entrepreneur in Residence with NYSERDA, and is on the advisory committees for NYSIVC, the Center for High Rate Nanomanufacturing, the NYS Center of Excellence in Materials Informatics in Buffalo NY and chairs the Advisory Board for the Center for Advanced Ceramic Technology at Alfred University.

Gabriele Colombo
Secretary

Gabriele holds a Honors Degree in Computer Engineering (University of Pisa) and a II Level Master Degree in Business Leadership (University of Genova). Gabriele is the CEO of Leonardo Hispania SAU in Valencia (Spain), a subsidiary of Leonardo Aerospace S.p.A. In 2013, Gabriele was one of the founder, with Angelo, of Proxhima (a vanadium flow battery company).

Jean-Marc Manning
Advisors to the Board - Finance

Jean-Marc is a co-founder of Multicom Resources Limited and Freedom Energy Pty Ltd. A multi-lingual international finance professional, he has held various managerial and audit positions with the HSBC group and BNP Paribas across India, Indonesia, Hong Kong, China & Australia. Since returning to Australia, Jean-Marc has co-founded and seed funded a number of successful business ventures and holds a number of directorships. On behalf of Freedom Energy Pty Ltd, he is actively working with StorEn Technologies to identify advanced deployment and financing opportunities across Australia and the Pacific region.

Joel M. Rinebold
Scientific Advisor

Joel M. Rinebold, is Director of Energy at the Connecticut Center for Advanced Technology (CCAT) with a focus on energy and infrastructure planning, and the development of renewable and advanced energy technology. Mr. Rinebold was instrumental in establishing and administers the Connecticut Hydrogen Fuel Cell Coalition and Chairs the Northeast Electrochemical Energy Storage Cluster. Direct activities include administration of the State of CT Office of Energy Efficient Businesses, US DOE supported Northeast Technical Exchange Center, State of CT Hydrogen Economy Program and the US DOE supported H2USA Roadmap planning. Dr. Rinebold has an undergraduate degree in Urban Planning and Geology, graduate degree in Environmental Planning, and is currently enrolled in the Ph.D. program for Materials Science at the University of Connecticut.

Nathan Cammerman
Advisors to the Board – International Business Development

Nathan, a co-founder and Executive Director of Multicom Resources Limited, has over 20 years’ experience in the hands-on delivery of infrastructure, mining and energy projects. A geologist by initial training, but later qualified in international business, his senior executive and board experience includes project generation and acquisition, financing, permitting and government relations. Nathan, a co-director of Freedom Energy Ltd has a well-developed network across the Asia Pacific, and is at the forefront of propagating a future battery industry in this region. He has recently been appointed on the Research Advisory and Implementation Council to a US$100 million industry-backed Future Battery Industries co-operative research hub supported by the Australian Government.

Show 5 more people
Prof. Yong L. Joo
Scientific Advisor

Professor Yong L. Joo, is the BP Amoco/H. Laurance Professor in the Smith School of Chemical & Biomolecular Engineering and Associate Dean of Masters of Engineering Programs in the College of Engineering at Cornell University. He is currently working on low cost, high throughput manufacturing of energy storage materials. Professor Joo received his B.S. degree at Seoul National University in Korea and received his M.S. and Ph.D. in Chemical Engineering at Stanford University. Prior to joining Cornell in 2001, Professor Joo completed two years of postdoctoral research in the Department of Chemical Engineering at MIT. Professor Joo received a 3M Faculty Award and is also a recipient of a National Science Foundation CAREER Award and a DuPont Young Professor Award. Professor Joo is a fellow of American Institute of Chemical Engineers (AIChE).

Robert C. Pfahl, Ph.D
Advisor Manufacturing

Dr. Pfahl is a Director of the Integrated Photonic Systems Roadmap (IPSR). He was Senior Consultant and Vice President of Global Operations for the International Electronics Manufacturing Initiative (iNEMI) from 2003 to 2018. Previously Dr. Pfahl was Director at Motorola Labs, where he established and led Motorola R&D labs in China, Brazil, and Germany. Prior to Motorola, he was with Bell Labs/Western Electric in a number of research and manufacturing positions. He holds nine U.S. patents and has contributed more than 110 publications. Dr. Pfahl has served on industrial advisory boards in manufacturing at MIT, Northwestern, Washington University, Georgia Tech and Purdue. He received his B.M.E. with Distinction, M.S., and Ph.D. in mechanical engineering from Cornell University.

Dr. Philip Palmedo
Advisor

Dr. Palmedo had careers in physics, entrepreneurship and management. He received his Ph.D. degrees from MIT. His work as a physicist was carried out at the French nuclear laboratory at Saclay, and at Brookhaven National Laboratory. Dr. Palmedo designed and was the first President of the Long Island Research Institute formed by Brookhaven National Laboratory, Cold Spring Harbor Laboratory, and Stony Brook University to facilitate the commercialization of technologies. He currently serves on the board of the Simons Center for Geometry and Physics as well as the Advisory Board of the Clean Energy Business Incubator Program (CEBIP) at Stony Brook University (StorEn is a CEBIP Client), and is an advisor to several early-stage private companies.

/s/ Peter Albert Koley
Director
/s/John Thomas Davis
Director

Names and titles as disclosed on SEC Form 1-A, StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 5 of 9 annual reports (FY2017–FY2025)

6,195 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-ARMay 11, 20260001872856-26-000185
    EDGAR
  • Form C-UMay 4, 20260001872856-26-000170
    EDGAR
  • Form C/AApr 17, 20260001872856-26-000113
    EDGAR
  • Form C/AJan 27, 20260001872856-26-000025
    EDGAR
  • Form C/AAug 29, 20250001104659-25-084996
    EDGAR
  • Form CMar 28, 20250001104659-25-029289
    EDGAR
  • Form C-UDec 5, 20240001665160-24-001761
    EDGAR
  • Form C/AAug 30, 20240001665160-24-001247
    EDGAR
Source: ManualCIK 0001720258Share price $7.12

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.