FAQ

Have a question?

Below is a list of our frequently asked questions to help you get started.

Many companies and consultants provide energy audits and recommendations. How is Skyven different?

Skyven is an industrial decarbonization partner. We design, fund, and build thermal energy solutions specific to each unique facility. Then, we manage and maintain projects, staying involved every step of the way.

There are a lot of products available for improving energy efficiency. What products and technologies does Skyven deploy?

Our cutting-edge industrial steam generating heat pump supported by our rapid software modeling tool, IoT data monitoring, and innovative EaaS financial model helps large manufacturing facilities decrease emissions and save money. Through engineering and analysis, we only deploy projects that align financial, operational, and environmental goals.

How does Skyven determine the best decarbonization project for my facility?

Skyven has developed a first-of-its-kind software modeling tool (Galileo) that rapidly scopes industrial decarbonization projects and completes conceptual engineering. By inputting data points for your facility, Skyven’s Galileo software will generate and share an instant report, including how much carbon, energy, and money each project saves, as well as several additional considerations. This is done in hours, not months.

How does Skyven manage the risks to the process?

Skyven understands the importance of safety, quality, and throughput at your facility. We do not alter your current process. Our decarbonization technology is engineered with redundancy, helping you meet climate goals without affecting your operations.

Plant downtime can be more expensive than the savings from energy efficiency. How do you minimize plant downtime?

Our decarbonization technology is engineered with redundancy, helping you meet climate goals without affecting your operations. Skyven projects can be installed while the plant is fully operational or during an already planned event, so no additional downtime required.

How do I protect my operation from a failure of your equipment?

Our systems are installed in parallel with your current process. Existing boilers and cooling towers remain in place as backup. If our systems are underperforming, we are incentivized to fix problems right away. We align our financial goals with your emissions reductions.

We are already overloaded. Where do we find the resources to support a Skyven project?

Skyven takes project responsibility alongside your team. Our certified project managers oversee all aspects of the project and bring in additional Skyven and third-party resources as necessary to partner with your team. You can focus on your operations.

What input do we have on the design, engineering and construction of the system?

Skyven understands that our system is installed at your facility, therefore you have absolute authority to approve the design, engineering, and choice of contractors.

How do we know Skyven will perform?

Skyven structured our business around making sure that we are aligned with our customers. We share the savings based on the measured and verified energy delivered back into the plant – which means if the system underperforms, we make less money. If the equipment breaks, it is our responsibility to fix it.

Where does the money come from?

Skyven is backed by a climate change investment fund that is focused exclusively on helping companies reduce the carbon footprint of their process heat. Skyven will also secure all of the grants and incentives we possibly can for these projects to make them as attractive as we can for both of us.

How long is the term of the Thermal Energy Services Agreement?

The standard agreement is 10 years.

What happens at the end of the agreement?

At the end of the agreement, you have a few options on how we move forward. This can all be discussed and determined during the process.

This sounds too good to be true. What’s the catch?

There is no catch. The Energy-as-a-Service model is a different way to implement industrial capex projects. Skyven covers all project costs, including engineering, equipment, and installation, then we share the savings with you based on the amount of measured and verified energy saved onsite.

What project payback periods will you consider?

Skyven can provide zero cost decarbonization for projects with payback periods up to 5 years.

FAQ