Sapphire Technologies Charts Ambitious Growth Trajectory Backed by $10M Series B Investment

Energy technology firm Sapphire Technologies is accelerating expansion across global markets following a transformative 2023. The company secured $10 million in Series B funding during August 2023 and experienced explosive 200% workforce expansion, positioning itself as a key player in decarbonization efforts across hydrogen and natural gas sectors.

Strategic Funding Fuels Market Acceleration

The capital infusion reflects growing investor confidence in Sapphire Technologies’ core technology—turboexpander systems designed to convert wasted energy from pressure reduction into clean electricity. With this financial foundation, the company is targeting emerging markets in South America and the Middle East while strengthening its presence in established industrial regions.

CEO Freddie Sarhan emphasized the milestone’s significance: “The $10 million investment validates our vision of transforming global energy practices. We’re particularly focused on high-growth opportunities in the Middle East, where we’re currently developing pilot initiatives with major oil and gas operators.”

Technical Breakthroughs Expand Market Applications

Sapphire Technologies has demonstrated notable progress in two distinct operational domains. For midstream pipeline infrastructure, the company developed products featuring an upgraded pressure capacity of 1600 psi-g, exceeding the requirements of most existing midstream systems. This advancement opens doors for retrofitting opportunities across North American and international pipeline networks.

In wellhead operations—a historically challenging application area—Sapphire achieved a critical milestone by successfully delivering two turboexpander units engineered to withstand water vapor and liquid droplet exposure. This development unlocks new use cases where traditional equipment typically falters.

Real-World Impact Through Industry Partnerships

The company’s technology is already generating measurable environmental benefits through strategic collaborations. Partnership with TB Global Technologies resulted in the installation of two FreeSpin In-line Turboexpanders that generated 3.5 gigawatt-hours (GWh) of clean energy annually, offsetting approximately 2,700 tons of CO2e emissions—equivalent to removing hundreds of vehicles from roadways.

Collaboration with Tallgrass demonstrates the technology’s pipeline application potential. Sapphire built and tested eight advanced turboexpanders for Tallgrass, with additional units in development. Once operational, these systems will harness otherwise-wasted pressure energy to produce zero-emissions electricity while maintaining uninterrupted pipeline operations.

The CNX Resources partnership showcased specialized engineering capabilities. Sapphire developed and delivered a customized FreeSpin® In-line Turboexpander specifically adapted for environments containing liquid hydrocarbons, validating multiple design modifications to achieve waterproofing standards required for such applications.

Market Positioning and Future Development

Looking forward, Sapphire Technologies is prioritizing two critical development pathways. First, the company is investing in rigorous testing protocols to commercialize wellhead-based turboexpander installations at scale. Second, development efforts are concentrating on mitigating hydrogen sulfide effects in process gases—a technical challenge that currently limits deployment options in certain reservoir types.

The company’s technology converts pressure differential energy—normally dissipated as heat during standard industrial processes—into usable electrical output. This approach simultaneously reduces operational carbon footprints, offsets purchased electricity expenses, and improves overall system efficiency without interrupting production workflows.

With 200% workforce expansion completed and strategic partnerships expanding across three continents, Sapphire Technologies is well-positioned to capture growing demand for emission-reduction solutions within energy infrastructure sectors through 2024 and beyond.