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IEP Technology
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Developer of an in-situ shale oil extraction process

Founded in 1991
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector fuel cells

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Parker, CO Parker, United States
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Updated by Mark Wall at IEP Technology on 01/29/2014

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Date Company
04/19/2012

Uintah Resources Uintah Resources

IEP, its joint venture partner, Uintah Resources Inc., and a major oil company close on a series of business opportunities in connection with the Uintah Gateway Upgrader/Refinery Project, large resource plays and technology applications for development of unconventional hydrocarbon resources.

Confirmed by Uintah Resources

Partnerships
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Date Partner Type
11/09/2012
Colorado School of Mines Colorado School of Mines
The Colorado Fuel Cell Center at the Colorado School of Mines will conduct extensive validation testing of the Delphi supplied Geothermic Fuel Cell units for IEP.
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Confirmed by Colorado School of Mines
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IPO INFORMATION

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Date Investors Type Amount
04/17/2011 (0)
Post-money valuation of
Independent Energy Partners announced its direct public offering (DPO) of 172,473 shares of common stock that are being offered at U.S. $28.99 per share. This ground-floor investment opportunity is available to current customers, affiliate partners and the public in the State of California.
Growth Equity $4,999,992
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Products
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Product image Name Product status Revenue model Cost metrics

Geothermic Fuel Cells™

Placed into bore-holes, these fuel cells heat up the surrounding earth; forcing present hydrocarbons into nearby collection wells.

Pilot/Early Revenue Products - Retail
$/kW (current)
$/kW (projected)
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