ClearSign Technologies (CLIR) 17th Annual LD Micro Main Event Conference summary

Technology and product overview

• Developed patented burner technology that reduces NOx emissions to near zero, outperforming standard and ultra-low NOx burners.

• Burners are easy to retrofit, fitting into existing heater spaces and requiring minimal operational changes.

• Partnerships with major industry players like Zeeco provide global reach and manufacturing capabilities.

• Technology addresses both chemical pathways for NOx formation, a unique industry advantage.

• Third-party studies show 4% fuel efficiency improvement and significant NOx reduction compared to competitors.

Market traction and financials

• Achieved significant installations in California and Texas, with growing orders in power generation and midstream sectors.

• Recent large orders include 26 burners for a Texas chemical plant and 20 burners for a California refinery.

• Break-even target is 160 burners per year, with current sales rapidly approaching this goal.

• Completed a capital raise, holding $16 million in cash, sufficient to reach profitability.

• Operating margins are 40%-45%, with a projected $16 million annual revenue at break-even volume.

Regulatory and industry drivers

• Environmental regulations and decarbonization initiatives are accelerating adoption of low-NOx technology.

• California and Texas are key markets due to strict and tightening air quality standards.

• EPA findings of non-compliance in Texas are driving new regulatory requirements and market opportunities.

• Department of Energy grant supports development of hydrogen-capable burners, aligning with decarbonization trends.

• Industry conservatism is a barrier, but recent installations are building credibility and market acceptance.