Company Profile (AI Text)
Name: Icarus RT, Inc.
Canonical URL: https://wefunder.com/icarus.rt.inc
Updated at: 2026-06-22T05:03:21Z

Tagline: Hybrid PV/Thermal Solar Plus Storage Cogeneration System
Elevator pitch: Icarus RT makes panels that extract heat from solar panels to heat water. This hot water can be used in homes and businesses and the solar panels are more efficient when cooled.

Key claims:
- Total raised on Wefunder: 67423 | citation: https://wefunder.com/icarus.rt.inc#claim-total-raised
- Total investors: 72 | citation: https://wefunder.com/icarus.rt.inc#claim-total-investors

Verified facts:
- Total raised on Wefunder: 67423 | observed_at: 2026-06-22T05:03:21Z | expires_at: 2026-06-23T05:03:21Z
- Total investors: 72 | observed_at: 2026-06-22T05:03:21Z | expires_at: 2026-06-23T05:03:21Z

Computed metrics:
- total_amount_raised: 67423
- total_investors: 72
- team_size: 10
- featured_investor_count: 1
- faq_count: 5
- recent_post_count: 0

Quick facts:
- ⚡ Boosts Solar Photovoltaic (PV) efficiency while generating hot water. | citation: https://wefunder.com/icarus.rt.inc#claim-fact-1
- ☀ Icarus takes back more than half of the waste heat rejected by PV systems. | citation: https://wefunder.com/icarus.rt.inc#claim-fact-2
- 🏙 Ideal for high density housing, commercial and industrial buildings. | citation: https://wefunder.com/icarus.rt.inc#claim-fact-3
- 💰 Reduces ROI from 6-8 years to about 3-years | citation: https://wefunder.com/icarus.rt.inc#claim-fact-4
- 🌲 Every Megawatt of Icarus installed saves the emissions equivalent of 480 cars. | citation: https://wefunder.com/icarus.rt.inc#claim-fact-5
- 📈 $100M targeted early market. US Commercial & Industrial PV market $13B. | citation: https://wefunder.com/icarus.rt.inc#claim-fact-6
- 💵 $1.1M grants (California Energy Commission, Shell/NREL, Qualcomm) + $679 k private funds. | citation: https://wefunder.com/icarus.rt.inc#claim-fact-7
- 🏭 Two commercial demonstration projects scheduled for Q4-2021. | citation: https://wefunder.com/icarus.rt.inc#claim-fact-8

FAQ:
- Q: Hello, does your system use batteries to provide electricity at night?
  A: Hello John, We are considering a small battery system to reserve excess power for use when needed.
- Q: Can post your technology efficiency chart?
  A: We'll be glad to provide additional details with an NDA. Simply email info@icarusrt.com and explain your request, and willingness to sign an NDA. We will provide one.
- Q: I intend to make a prototype of an Organic Rankine Cycle generator retrofitted with refrigerator's components to improve electric energy output and at the same time replace a conventional solar water pond with insulated trapezoidal-prism shaped solar water troughs as thermal s...
  A: Hi Charles - No, Icarus is an R&D company developing a solar plus storage technology that utilizes Organic Rankine Cycle for power conversion. We are raising money toward that end.
- Q: Although this company looks promising, the valuation seems very high. What justifies 18.5m - 20m valuation with 0 revenue?
  A: Hi Joe - Good question. Recently we have seen VC's invest in pre-commercial pre-revenue cleantech companies such as ours with $10-$20 million, producing valuations of $20-$40 million. Cleantech is a very hot market, and cleantech companies in the first year of revenue have valuations much higher. You will likely find (via quick search on VC trends in 2021 in Cleantech) very interesting and exciting results...
- Q: This is wrong. The investor name is Hreniuc Land,LLC. Grigore Hreniuc is the manager. If you can't fix the problem cancel my account and send me the refund. If you keep investor name Grigore Hreniuc do not invest the funds.
  A: We worked through this via email. Thank you for your communication and patience.