
Stephan Richter
Advisor
Advisor for multiple tech companies and venture partner at Echelon.
– TROY, NY · EST. 2019
Energy Catalyst Technologies designs and manufactures advanced geothermal heat pumps and geothermal ground loops, engineered in New York State and deployed by customers nationwide.
OUR FOUNDATION
Energy Catalyst Technologies designs and manufactures advanced geothermal heat pumps and geothermal piping systems, engineered in New York State and deployed by customers nationwide.
A New York State Energy Research and Development Authority (NYSERDA) Certified Clean Heat contractor since 2019, Energy Catalyst has established itself as an industry leader through sustained investment in research and innovation, holding five issued U.S. utility patents, with additional pending, in geothermal technology. The solution portfolio has been backed by millions of dollars in NYSERDA research funding and an active partnership with the U.S. Department of Energy to scale next-generation heat pump manufacturing.
Beyond manufacturing, Energy Catalyst operates an International Ground Source Heat Pump Association (IGSHPA) certified training program that develops the skilled installer network powering geothermal adoption across the country.
Our Goal: to make geothermal the new industry standard. To do this, we’ve built a vertically integrated geothermal solution company that uses innovation and domestic manufacturing to reduce costs and improve customer ROI.
Secured for breakthrough geothermal heat transfer designs.
Approved partner delivering sustainable installations since 2019.
Collaborating to scale clean energy deployment nationally.
LEADERSHIP
A Mechanical Engineering graduate of Clarkson University, Matthew spent his early career in New York State's HVAC industry before working internationally as an industrial energy recovery engineer and project developer for EcoGreen Energy in France, Spain, and Belgium, delivering energy efficiency projects for global manufacturers including Stella Artois, Coca-Cola, and Valeo.
Since founding Energy Catalyst Technologies in 2019, Matthew has scaled the company from a from a start-up to a recognized geothermal heating and cooling innovator through an unwavering commitment to worldclass engineering.

Under his leadership, Energy Catalyst has become a NYSERDA-Certified Approved Geothermal Contractor, secured Department of Energy funding to scale U.S. heat pump manufacturing, and built a growing portfolio of utility patents in geothermal and heat pump technology. Matthew is a sought-after voice in the industry, presenting at New York Geothermal Energy Organization (NY-GEO), the Association of Energy Engineers (AEE), and American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE), and served as lead designer on award-winning commercial retrofit projects.
He holds credentials as a Certified Energy Manager (CEM), Certified Energy Auditor (CEA), and Certified Measurement and Verification Professional (CMVP), is an Engineer-in-Training pursuing Professional Engineer licensure, is a proud member of the International Ground Source Heat Pump Association (IGSHPA), and was a member of the Albany Business Review’s 2026 “40 under 40” awardees.
PARTNERS & AFFILIATIONS
Proud of the partners and affiliations that continue to help make Energy Catalyst an industry leader.
ADVISORY BOARD

Advisor
Advisor for multiple tech companies and venture partner at Echelon.

Advisor
President emeritus at Clarkson University.
OUR TEAM
Energy Catalyst celebrates the expertise and contributions of our amazing team. Get to know us better with our Employee Spotlight.

Director of Operations
I bring organization and clarity to an organization through "lean tools" while empowering the company to reach its potential. Energy Catalyst is here to provide clean, efficient, heating and cooling to everyone.
OUR HISTORY
2019
2019
2021
2022
2023
2023
2023
2024
2024
2025
2026
2026

Energy Catalyst founded
Founded in Troy, NY with a focus on precision-engineered geothermal heat pumps and piping systems.
Certified NYSERDA Clean Heat Contractor
Approved partner for sustainable clean heat installations across New York State.
First production geothermal heat pump system installed
First customer deployment of the company’s proprietary heat pump design.
NY-GEO Top Job finalist
Recognized for outstanding geothermal project execution and engineering excellence.
NY-GEO Top Job finalist
Continued leadership in evaluating best practices and innovation in geothermal execution.
Energy Star certification achieved
Products meet rigorous efficiency standards for residential and commercial applications.
Awarded $10.7M U.S. Department of Energy grant to expand manufacturing
Funding supports scaling next-generation heat pump production and domestic clean energy deployment.
NY-GEO Top Job contest judge
Contributed expertise to evaluate industry-leading geothermal projects and installations.
Acquired global license to manufacture proprietary Twister Geothermal Loop™
Secured exclusive worldwide manufacturing rights for the Twister Geothermal Loop™ technology.
Featured in Albany Business Review
Recognized as a regional leader in clean energy manufacturing and innovation.
Hawthorne Valley School project wins design award
Award-winning commercial retrofit project showcasing high-performance geothermal design.
Matthew wins Albany Business Review 40 Under 40 award
Recognized as one of the Capital Region's most accomplished young business leaders.
And we are just getting started!
Get a free site assessment and see how much you could save with geothermal.