In this exclusive interview, our senior investment analyst, Léa Bouhelier-Gautreau, traveled to Salt Lake City to meet with Sean Luangrath, CEO of Inergy, and tour their facilities. Sean discusses Inergy’s evolution as a leader in portable renewable energy storage, their successful equity crowdfunding campaign, and the pivotal support it’s received from the Department of Defense. Learn about Inergy’s ambitious expansion into residential solar markets and new product launches designed to meet both consumer and military energy needs.
What is Inergy?
Inergy is a portable energy storage technology company, offering “home solar in a box.” We’ve miniaturized home solar components into portable systems, providing direct-to-consumer renewable energy solutions for nearly a decade.
How did your successful StartEngine crowdfunding round impact Inergy?
The equity crowdfunding campaign raised around $700,000, significantly validating our mission and boosting momentum. Many investors were also existing customers, demonstrating strong community support and belief in our technology and vision.
How has your partnership with the Department of Defense supported Inergy's growth?
We’ve secured around $6 million in research and development contracts from the U.S. Air Force and Army, facilitating the creation of military-grade products. These dual-use technologies have enabled us to simultaneously advance both military and commercial products, including our best-selling Flex Tactical system.
Can you tell us more about the new product launching this year?
Our new product, the Flex P3 (Personal Power Plant), expands capacity significantly, allowing users to power larger home appliances such as clothes dryers. Still highly portable and modular, this product opens significant B2B opportunities in residential solar and battery backup markets.
What milestones are you aiming for in 2025?
In 2025, we plan to significantly expand our B2B sales channels, targeting strategic partnerships with solar resellers to offer easily installable battery backup solutions. We also aim to diversify into new consumer segments, such as renters and apartment residents, and to strengthen sales within military and government channels, including FEMA and Homeland Security.
