Empire Diversified Energy: Funding, Investors & Team (Oct 2026)
The company has acquired the exclusive North American rights to a proprietary, renewable hybrid energy pellet technology aimed at replacing several types of solid fuels currently being used in the industrial power generation industry. The Company’s immediate plan has identified and is in negotiations to acquire renewable and green energy companies that can and will expand and enhance their effort to create a new proprietary clean fuel for today's power generation industry. EDE is currently in extensive negotiations and testing with major power plants throughout the southeastern United States and it is Management’s belief that the Company will enter into a long-term contract to provide pellets to a major public utility in early 2016. EDE is also currently negotiating with several potential logistics partners to transport the pellets from Appalachia to their southern storage location for immediate distribution to their customers. The Company has also identified several ports on the southeastern seaboard and is in negotiations to consummate joint venture relationships for distribution and exportation.
Empire Diversified Energy has raised $55.0M across 2 funding rounds on record, the most recent an undisclosed round of $40.0M announced in Jun 2023.
That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Empire Diversified Energy Company Profile and Key Stats
Latest funding round on record: Jun 2023.
Empire Diversified Energy Funding Rounds
Empire Diversified Energy raised $15.0M in an undisclosed round announced in Nov 2022.
7 months later, an undisclosed round of $40.0M was announced in Jun 2023.
Empire Diversified Energy Founders and Leadership Team
No contact details are on record for this team yet.
Empire Diversified Energy Funding Compared to Other Energy Startups
Empire Diversified Energy's latest round of $40.0M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Empire Diversified Energy Funding FAQs
What does Empire Diversified Energy do?
The company has acquired the exclusive North American rights to a proprietary, renewable hybrid energy pellet technology aimed at replacing several types of solid fuels currently being used in the industrial power generation industry. The Company’s immediate plan has identified and is in negotiations to acquire renewable and green energy companies that can and will expand and enhance their effort to create a new proprietary clean fuel for today's power generation industry. EDE is currently in extensive negotiations and testing with major power plants throughout the southeastern United States and it is Management’s belief that the Company will enter into a long-term contract to provide pellets to a major public utility in early 2016. EDE is also currently negotiating with several potential logistics partners to transport the pellets from Appalachia to their southern storage location for immediate distribution to their customers. The Company has also identified several ports on the southeastern seaboard and is in negotiations to consummate joint venture relationships for distribution and exportation.
How much funding has Empire Diversified Energy raised?
Empire Diversified Energy has raised $55.0M across 2 rounds on record. The most recent is an undisclosed round of $40.0M announced in Jun 2023.
When did Empire Diversified Energy last raise funding?
Empire Diversified Energy's most recent funding round on record is an undisclosed round of $40.0M, announced in Jun 2023.
Who founded Empire Diversified Energy?
FundedIQ lists Frank Rosso (Founder), Richard Tuorto (Founder) at Empire Diversified Energy.
Where is Empire Diversified Energy headquartered?
Empire Diversified Energy is based in Fort Lauderdale, Florida, United States.
How many employees does Empire Diversified Energy have?
Empire Diversified Energy is in the 1-10 employee band.
How does Empire Diversified Energy's funding compare to other Energy startups?
Empire Diversified Energy's latest round of $40.0M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Empire Diversified Energy Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Empire Diversified Energy is left off this page rather than filled in.
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