When Ecotality decided to acquire Innergy Power Corporation, the question on any investor’s mind would be, “why, what does it bring to the table?” But it doesn’t take long to figure out exactly why Innergy was such a good fit under the Ecotality umbrella of energy and environmentally friendly companies. Producing power from sunlight is one of the holy grails of clean power, and then having rechargeable batteries that can efficiently store that power, creates a “loop” that investors can take interest in.
Innergy Power is the only North American manufacturer of both renewable energy solar modules and rechargeable batteries. That in itself is something to take notice of since most manufacturing of such items is relegated to the Asian continent. But it’s not the fact that they produce these products here in North America that’s so intriguing, it’s the products themselves. For instance, Innergy Power’s thin (.33 inch), high quality ThinLine energy cells and batteries are available to Original Equipment Manufacturers, consumer and corporate markets and are used in a wide variety of applications where form factor is an essential design element. As products get smaller, thinner, and more easily accessible, Innergy is there, creating a rechargeable with serious performance features.
Around the globe, its consumer uses dominate battery sales, providing a $37 billion worldwide rechargeable market in the year 2006. This market is driven by the unending introduction of battery-operated portable equipment, ranging from sophisticated computers to exciting new telecommunication devices that allow users to access information or contact each other from anywhere at any time. As emerging markets find their footing and follow on their own growth patterns, the use of rechargeable batteries is expected to grow exponentially.
Having a manufacturing facility that can create ultra thin line, form fitted rechargeable batteries that can compete in a 37 billion dollar market should indeed be enough to raise eyebrows, but Innergy doesn’t stop there. Their solar photo voltaic panels are nothing short of an exercise in design and execution. With modules from 1.5 to a whopping 75 watts, but at a total thickness of just .22 inches, their solar cell applications include logistics tracking, asset management systems, off-grid lighting, mobile communications, mobile computing, recreational vehicles, signaling devices and surveillance cameras.
Imagine for a moment a company hired to do very exacting hourly weather readings in the vast canyons of New Mexico’s desert. Where does one get to power to run the monitors, the sampling gauges and then the event recorders? From the sun. Innergy’s Solar cells, manufactured on fiberglass reinforced panels, can withstand the harshest environments while remaining light, compact and very efficient.
Ecotality has shown an exquisite knack for finding the very companies that will help take clean energy and environmental protection into the next decades, and Innergy Power Corporation has all the earmarks of a perfect fit for Ecotality. When contemplating an investment in the future, a look at Ecotality now makes good “sense”.
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