Diligence memo · auto-generated · as of July 2, 2026
Equilibrium Energy, Inc.
Equilibrium Energy, Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Equilibrium Energy, Inc. operates in Energy / Climate, based in Boston.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Equilibrium Energy, Inc. has raised $64M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $39M on 2023-12-13.
Most recent recorded round closed around 2025-02-25.
Valuation (modeled)modeled
Provath models Equilibrium Energy, Inc. at approximately $123M (range $60M–$194M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.14× the median modeled value of Series B Energy / Climate companies in 2025–2027 (7 peers) — value vs value, same stage and era. Within the normal band (114% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 14 months.
Last raise 16 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round was 1.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 95% of Energy / Climate peers (235 compared).
Modeled value ranks above 84% of those peers.
Closest niche peers: American Intelligence & Power Corp, NGD Capital Power Yield I LLC, Lightship Energy, Inc., Solution Energy, Inc., US Data & Energy LLC.
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.