Diesel generators are the dirty secret of the energy transition accounting for 53% of the distributed power market in 2019. Despite the progress we continue to make with wind, solar and battery storage, its market value is set to almost double to $30 billion by 2030.
British climate tech company IPG is facing this problem head-on with its breakthrough product – the IPG flameless generator. The company has raised £1 million investment through a crowdfunding campaign on Seedrs to enable businesses to replace their diesel generators.
IPG aims to deliver a clean-and-green replacement for the diesel generator for difficult-to-decarbonise industries such as construction and mining as well as new markets such as EV charging and future grids.
The funds secured will enable IPG to deliver the first round of demonstration trials of its Minimal Viable Product (MVP) with its growing list of early adopter customers in construction and mining. Going forward, IPG plans to deploy longer trials with a wider net of its engaged customers, building greater confidence and demand for its product and unlocking its future order book sooner.
Patented flameless combustion technology delivers pollutant-free power from any renewable fuel while allowing for the security of a conventional fuel backup should supplies fail.
“Wind, solar and battery storage should form the backbone of our net-zero energy system. Nonetheless, clean, fuel-based power will continue to play an incredibly important role in delivering energy to grid-independent applications, as well as balancing the intermittency of a renewables-based grid. This role is increasingly glossed over in the discussion of how we build our energy future,” said Toby Gill, CEO of IPG.
“In just 10 days, we have welcomed 291 investors on board our mission to replace the diesel generator and received significant new interest in our product from future customers. We now open our funding round to oversubscription as we look to widen the scope of our demonstration trials and help an increasing number of these customers ditch their diesel generators,” he added.