Energy Storage Systems Exponential Growth Creates Clean, Climate Technology Needs That Inergy’s Portable Power Stations Fulfill
Pocatello, Idaho, April 20, 2022 – Inergy (www.inergytek.com), provider of the world’s most adaptable and easy-to-use renewable energy storage solutions, has been selected from a highly competitive pool of applicants to pitch its portable power stations at the EarthX E-Capital Summit this week in Dallas. EarthX’s E-Capital Summit is an invitation-only industry-leading sustainability investment summit.
“The exponential growth in energy storage systems has created clean technology needs that Inergy is addressing to help our nation’s energy infrastructure,” said Sean Luangrath, CEO of Inergy. “Inergy is honored to be recognized as one of the nation’s leading companies pioneering technology to provide products that work against climate change and enhance energy resiliency for consumers. As homeowners turn to renewable, easy-to-use power sources, Inergy’s innovative products will provide the safety, stability, and security people want.”
By power source, hybrid power is expected to dominate the portable power station (PPS) market, so customers can power equipment during power outages and grid blackouts; and by application, the off-grid segment is expected to be the fastest-growing market segment. Inergy’s Flex solar generator kits combine multiple charge sources simultaneously to give customers the solution they need to power their lives on or off of the grid.
Allied Market Research reports that the global PPS market size was valued at an estimated USD $3.9 billion in 2020, and Technavio estimates this market will grow by USD $4.3 billion from 2020 to 2025. MarketWatch News reports that global Energy Storage Systems (ESS) market share had reached a valuation of USD $4.5 billion in 2019 and is anticipated to be valued at USD $12.05 billion in 2025, representing a year-over-year growth rate of 27.9% over 2020-2025.
Inergy kicked off its Series A round of funding earlier this month at the StartUp Grind Global Conference in Silicon Valley and the NREL Industry Growth Forum in Denver. It also participated this week in the U.S. Army VERTEX | Energy Symposium in Austin. Inergy has had tremendous support from investors since its first days of successful crowdfunding.
Inergy manufactures and distributes products that help individuals worldwide improve their quality of life with adaptable, clean, renewable power. The company’s line of products provides its customers with power anywhere, any time, so they can enjoy the good times, prepare for hard times, and rise above any obstacle life may throw at them. Inergy is leading the renewable power revolution with a bottom-up approach by making modular, plug-and-play solar power and home energy solutions available to individual consumers, families, and businesses.