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INI Power Systems
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Short description

Developer of portable fuel cells

Founded in 2001
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector fuel cells

TRL Range 9
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
TRL Range

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Headquarters Morrisville, NC Morrisville, United States
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Updated by Cleantech Group on 11/26/2020

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Date Company
02/04/2014

United States Marine Corps United States Marine Corps

A contract to buy portable fuel cell generators.

Confirmed by United States Marine Corps

Partnerships
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Date Partner Type
12/05/2012
Solar Stik Solar Stik
Solar Stik will help cross sell INI's products with their own off-grid electric generation systems.
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Confirmed by Solar Stik
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Investment Rounds
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IPO INFORMATION

Date

IPO status

IPO Type

Amount

Initial shares

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Exchange listed

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Source

Description

Date Investors Type Amount
04/01/2007 Elgin Mining Elgin Mining (1)
Post-money valuation of
Series B $4,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

Flex-Fuel Generators

Portable 1 & 2kW systems which can run on a variety of commonly found fuels including methanol, propane, rubbing alcohol and moonshine.

Wide Commercial Availability Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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