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Q&A: Enginuity Is Focused on the Future of Efficient Energy

Enginuity Power Systems is a startup developing a new generation of engines and appliances that are affordable and efficient, saving money for consumers…

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Enginuity Power Systems is a startup developing a new generation of engines and appliances that are affordable and efficient, saving money for consumers and businesses. Its main product, the E|ONE micro-CHP (combined heat and power) system is under development, with a range of future products on the way.

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The company has scalable power systems and a technology that combines features like simplicity, lower manufacturing costs, minimal vibration, and improvement in fuel efficiency to maximize power output while at the same time minimizing the weight.

Enginuity Power Systems has several patents protecting its innovative technology, and it’s currently running an equity crowdfunding campaign at StartEngine to raise capital and achieve its strategic business goals. And that means individual investors have a chance to get in early.

The target market is U.S. homes that currently use other sources of energy, such as natural gas and propane. In particular, they’re focused on customers in locations with “favorable economics and state incentives.” The projected sales are 410,000 units per year, which could lead to more than $4 billion in revenue per year.

We had an exclusive interview with the executive team of Enginuity Power Systems. Here are the insights their team shares, to help you decide if you want to invest in this startup.

What Are Current Products and Future Products?

To address the problem of grid inefficiency, Enginuity created the E|ONE, an All-In-One appliance that functions as a home furnace, water heater, on-demand power generator, and it fits within the footprint of a conventional water heater. Enginuity also designed the E|ONE so it can utilize, supply, or transact power with the grid, and it can also operate completely off-grid for maximum reliability.

We are currently developing an E|ONE derivative for military applications, as well as larger versions of the E|ONE for commercial, industrial, agricultural, and institutional applications.

What Is the History of the Executive Team?

We have an executive team with complementary entrepreneurial, corporate and government backgrounds, with a strong industrial and technology focus. In additional, Enginuity’s Board includes a former CTO of Honeywell Buildings’ Technologies, which is actively supporting our commercialization efforts.

Jacques Beaudry-Losique: President

Mr. Beaudry-Losique is a cleantech executive with a track record of growing revenues and raising capital. Jacques also demonstrated a high degree of effectiveness in US Government Affairs.

Formerly, Jacques was a senior executive within the Department of Energy, where he led multiple $100+ million energy efficiency and renewable energy programs. Jacques was promoted to become Deputy Assistant Secretary and managed a portfolio of six major clean energy programs. In the context of these programs, Jacques invested more than $1.5 billion in cleantech program funding.

Jacques began his career with blue-chip companies such as McKinsey, General Electric and Shell in various operational and business development roles.

Jacques has advanced degrees from Stanford and MIT.

James Warren: Founder & Inventor

Mr. Warren is the original inventor of the Enginuity’s multiple IC engine architectures. From Enginuity Power Systems’ start in November of 2015 and continuing through to today he has continued to refine the engine designs for maximum performance and reliability. He leads the effort to develop groundbreaking applications which leverage the engine’s unique qualities to create new levels of efficiency.

To date Jim has designed, patented, and tested four different architectures of opposed piston engines, each one specifically targeted at a major market segment. A prolific industrial designer, Jim is responsible for many of the thirty granted and applied for by the corporation and continues to push all phases of the technology forward.

Steve Niswander: Chairman and Founder

Steve Niswander is Chairman of Enginuity and leads our commercial efforts. He was elected Chairman of the Board of Directors in November 2015, at the company’s inception. Prior to Enginuity, Steve was conducting business development and contract management for a major financial services company.

Previously, Mr. Niswander owned and operated an automotive dealer group in the Washington DC metro area. Mr. Niswander is a board member and former President of Alexandria Sportsman’s Club. He has sat on the board of the Alexandria Chamber of Commerce.

Mr. Niswander graduated from East Tennessee State University.

Vince Meyers: EVP, Operations

Mr. Meyers joined Enginuity as the director of program management in November 2015. Vince is responsible for managing both prototype construction, intellectual property development as well as managing Enginuity’s research and development subsidiary, Katech Engineering. He also plays a leadership role with respect to the company’s contracts, strategic manufacturing partnerships, planning, and product development.

Before joining Enginuity, Mr. Meyers founded and was the Managing Partner for the Strategic Equity Group, a position he assumed in 2005. In this role, he was responsible for the acquisition and development of residential and commercial real-estate properties as well as provided management consulting and business development services. Prior to Strategic Equity Group, he was the President and CEO of AEW, operating multiple automotive components retail and wholesale distribution locations in the mid-Atlantic states. Prior to that endeavor, Vince was the team principal of a successful private auto racing team, in which he was involved in optimizing high performance engines.  Being a lifelong entrepreneur, Vince brings a unique managerial and visionary skillset to the team.

Phil Zoldak: Senior Director of Product Development

Phil Zoldak leads the engineering team effort in delivering E|ONE and executing the product development roadmap. Phil has over 21 years’ experience and a proven track record of developing novel engine and thermodynamic technologies and leading large multi-disciplinary project teams consisting of both industry, government and academic associates. Phil is the author of over 30 publications and holder of 4 patents with several pending.

Formerly, Phil was a Manager of Engine Development and Test Operations at Hyundai where he led the development and product launch of 5 new engines for the 2021 model year. Additionally, he was the Principal Investigator for a Department of Energy funded project “Hyundai Multi-mode Gasoline Compression Ignition” and has managed over $30M of R&D project budgets.

Phil began his career working in the Advanced Technologies department of Navistar and has held leadership positions at 2 previous start-up companies and has an extensive engine development experience with Honda.

Phil holds a bachelor’s in applied science-Mechanical Engineering from University of Waterloo and Masters of Applied Science from the University of Windsor and is currently in the final stages of completing his PhD in Natural Gas Injection and Combustion from Michigan Technological University.

Lara Reyes: Director of Government Markets

Lara has worked for the US Department of Defense and Industry Partners for over 25 years. Her work and expertise include large-scale executive program management, business strategy & development, logistics, public relations, contracts/proposals, and domestic/international negotiations. She also has extensive background in research, development, test and evaluation (RDT&E) including both domestic and international partnerships and is an RDT&E subject matter expert and has helped transition multiple advanced new technology platforms to our service members over the past 25 years.

Lara was formerly the Managing Director of a government consulting business, the Power Pack Group, where she worked to help small businesses break into the Federal Sector.  Lara began consulting with Enginuity in 2016 and joined the team full time in 2019.

Lara has a master’s from the University of Miami and the Harvard Kennedy School of Public Policy.

Do You Have Any Key Partnerships? If Yes, What Synergies or Goals Are to Be Achieved?

Oak Ridge National Labs is currently working with Enginuity’s engineering team on testing, validation, and optimization of our E|ONE system. The purpose of the program is to increase efficiency to provide the cleanest energy possible.

Working with Enginuity, Bradford White Tanks has developed a cutting-edge thermal storage vessel to be used in E|ONE production. The goal is to meld efficiency and cost-effective thermal use.

Enginuity’s wholly owned engine production subsidiary, Katech Engineering in Detroit MI, is currently developing and testing power generation systems ranging from the E|ONE’s 8 kW unit all the way up to a 250-kW system for advanced Micro-grid applications. The goal is to fundamentally reshape energy distribution into a more sustainable form.

Enginuity is currently partnered with the US Army on cutting edge new hybrid technology development both for E|ONE and advanced hybridized generator power supply for military applications.

Any Major News or Events That Are Notable?

In 2020, Enginuity Power Systems acquired Katech Inc. to create product development and pilot manufacturing capabilities.  While these goals have been accomplished, we also have been able to create a positive cash flow stream from other Katech assets.

In May 2021, Enginuity appointed Dr. Datta Godbole, a former Honeywell Building Technologies CTO, as a Board Member of Enginuity, and hired Dr. Phil Zoldak, formerly from Hyundai Corporation, to lead our product development and commercialization efforts.

In August 2021, Enginuity’s Katech subsidiary received a $785,000 award, cost shared at 20% with Enginuity, to develop a propane injection system for a 250-kw unit, which will become a platform for a future commercial & industrial product.

Enginuity will soon launch a $4 million DoD/Army program for advanced development of a 2-5kW hybrid load following (FTL) genset, that looks to consolidate three legacy systems into a single system to substantially advance power and energy supply for our service members.

What Are Your Goals About This Equity Crowdfunding Campaign?

Our primary objectives are to complete our E|ONE commercialization efforts, and gain worldwide visibility amongst potential investors, business partners, and potential buyers.

Any Milestones Achieved?

  • Won “Best in Show” award at International Builders’ Show in 2020.
  • CARB emission levels met for our category in Fall 2020.
  • Successfully tested 8 kW, 17 kW and 250 kW platforms.
  • First DoD contract in 2020 to develop concept for hybrid genset for the Military.
  • Second DoD Contract in 2021 for hybrid genset development of proof-of-concept systems for the Military.
  • Built and tested multiple E|ONE prototypes.

What Is you Unique Selling Point and Key Advantages of Your Product(s)?

  • Reduce carbon emissions.
  • Lower utility costs from day one.
  • Provide electrical resilience and peace of mind -> no more outages!
  • Potential source of additional revenue by selling power to the grid.
  • Provide for energy assurance at home and on-grid/off-grid.

In addition, Enginuity’s E|ONE and E|TWO systems can complement renewables like wind and solar when the sun’s not shining, and the wind dies down. As we like to say, “Enginuity makes renewables reliable.”

What Are Your Main Competitors?

We compete primarily with traditional HVAC players, water heater manufacturers and back-up generation players.  However, our product occupies a distinct niche and many of these players can also be partners.  We believe we complement solar PV and battery combos, especially in Northern latitudes.

What Are Your Main Patents?

We own a series of 30 interrelated patents and applications related to a distributed energy appliance that includes an efficient and clean power device and integration of this device with thermal storage.   We own these intellectual property rights in Canada, The United States, the Eurozone, and Japan.

Where Do You See Enginuity Power Systems in the Future? Vision? Goals?

Enginuity is beginning production of our E|ONE distributed energy system with the goal of delivering to consumers a brand-new appliance that will make Enginuity a recognized leader in the field.

Over the next decade Enginuity intends to fundamentally restructure the production of distribution of energy away from the inefficient “powerplant and line” construct to a more flexible and sustainable model where the power is created right where it’s used, and fully integrated with renewables

Additionally, Enginuity is building a sizeable presence with its Military hybrid power/energy applications, with the goal of becoming the next line of procurement across various sectors of the Military. Enginuity will continue to grow this sector of its business and capture more of this market into the future.

What Is Your Biggest Drawback or Threat Now?

Time to market, which is a function of capital availability.   For both economic and environmental reasons we must get our systems into the hands of consumers right now. Although we are moving as fast as we can, recent events in both California and Texas underscore the fact that we need to move faster.  Furthermore, the value of E|ONE as a source of power for the grid for peak shaving or disruptions grows exponentially as more units get installed.

How Will You Use the Funds from the Crowdfunding Campaign? Any Plans for Future Campaigns?

We will use the funds to facilitate low-volume production of our beta commercial E|ONE system, expand our company’s employee and intellectual base, and increase our presence to capture more of both military and commercial markets as we continue to grow our E|ONE product line and military applications.

Investing through equity and real estate crowdfunding or asset tokenization requires a high degree of risk tolerance. Despite what individual companies may promise, there’s always the chance of losing a portion, or the entirety, of your investment. These risks include: 

1) Greater chance of failure
2) Risk of fraudulent activity
3) Lack of liquidity
4) Economic downturns
5) Dearth of investor education 

Read more: Private Investing Risks 

On the date of publication, Stavros Georgiadis, CFA did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Stavros Georgiadis is a CFA charter holder, an Equity Research Analyst, and an Economist. He focuses on U.S. stocks and has his own stock market blog at thestockmarketontheinternet.com/. He has written in the past various articles for other publications and can be reached on Twitter and on LinkedIn.

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Energy & Critical Metals

PLUG, FCEL, BE: What Is Going on With Fuel Cell Stocks Today?

Today, fuel cell stocks are in focus for investors. Shares of Plug Power (NASDAQ:PLUG), Bloom Energy (NYSE:BE) and FuelCell Energy (NASDAQ:FCEL), are all…

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Today, fuel cell stocks are in focus for investors. Shares of Plug Power (NASDAQ:PLUG), Bloom Energy (NYSE:BE) and FuelCell Energy (NASDAQ:FCEL), are all trading between 2% and 5% higher at the time of writing.

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Indeed, this move today reverses what has been a rather bearish trend among fuel cell stocks in recent months. Once a hyped-up growth sector with burgeoning expectations, investors have largely shifted their capital to other high-growth sectors of late. Accordingly, those who have remained bullish on the green hydrogen space have largely been awaiting some catalysts to look at for hope.

Today, it appears a few catalysts are materializing for these fuel cell stocks. Let’s dive into what investors are looking at with these three big players today.

Key Catalysts Driving Fuel Cell Stocks Higher

Among the key catalysts investors are watching right now is sentiment across the sector. Various reports have pointed out that carmakers such as BMW (OTCMKTS:BMWYY) and Volkswagen (OTCMKTS:VWAGY) have engaged in plans to invest in hydrogen fuel cell infrastructure and prototypes. This speculation has driven investors to consider whether green hydrogen vehicles are really a possibility, given the strength the electric vehicle (EV) battery market has seen in terms of market share thus far.

In addition to this vote of confidence from big time automakers, Plug Power has announced plans to build the largest green hydrogen production facility on the West Coast. This facility will reportedly be able to handle 30 tons of LH2 per day. That’s a big boost for investors bullish on the ability of the green hydrogen sector to truly go national. Infrastructure continues to be the key hinderance to mass acceptance of this technology. Accordingly, this is a very important catalyst for the entire sector, should Plug Power follow through.

Accordingly, on the basis of these factors, analysts have become bullish on this sector’s potential. Today, a Piper Sandler analyst piped up about Plug Power’s prospects given its infrastructure investment and the potential for additional announcements during the company’s upcoming analyst day. These factors earned PLUG stock an upgrade. It appears its peers are following the lead PLUG stock took this morning with this news.

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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Eric Fry: Following This Week’s Market Wobble, Park Your Cash in The “Second Electric Revolution”

Last week, we learned that Chinese real estate giant/corporate conglomerate Evergrande (OTCMKTS:EGRNY) is severely lacking in liquidity and couldn’t…

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Last week, we learned that Chinese real estate giant/corporate conglomerate Evergrande (OTCMKTS:EGRNY) is severely lacking in liquidity and couldn’t make payments on its debts.

You don’t need me to tell you that the markets have been quick to react.

The U.S. markets began this week in the red… and are still down more than 2% from their recent peaks.

Could this be the #1 play in new $56 trillion industry?

However, I’ve been preparing you for just such a situation by focusing in on the “megatrends” that will lead us to the best and boldest profit opportunities for the rest of this year and next.

 

These are the kinds of trends and stocks that should, as I say below, “carry us out of this low”… and thrive over the months and years to come.

Namely…

  • The Second Electric Revolution space, which has gone from a fun “competition” to a foregone conclusion in recent years. Long-duration Vanadium batteries as a partial replacement for “not so green” lithium-ion batteries is one of my favorite stories within this megatrend.
  • The long beaten-down travel sector, which is experiencing a “darkness before the dawn.” And with the Covid-19 ban against European travelers being lifted in the U.S. earlier this week, the dawn may come sooner rather than later.
  • Lastly, cybersecurity is a major profit opportunity. And with 5G inching ever closer to global deployment, it’s only going to become bigger.

On Tuesday, Sept. 14, I sat down with InvestorPlace CEO Brian Hunt for a special members-only videocast for members of my elite trading service. We talked about each of these trends more in depth — including how they’ve played out for readers of The Speculator.

Because that conversation went so well — and because what we talked about directly connects to this week’s market moves, I’ve decided to share some of it here.

Check out a snippet of our conversation below…

Big Challenges, Big Opportunities

Brian Hunt: So, Eric, over the last 12 months or so, you’ve scored several handfuls of giant gains — 200%, 800%, 1,000% even — and no surprise to me, these gains have largely occurred in some of the megatrends you’ve been writing about over the past several years. So, I was wondering if we could start off talking about the status of these megatrends, how they played out in the last year, and where you see them going over the next few years.

Eric Fry: Sure, well, let’s extend the calendar a bit to the last 18 months. From the lows of the post-Covid-selloff, looking back at that period of time, in hindsight, it was a great time to invest in the stock market — in almost anything. The market tanked, and you had the opportunity to buy a lot of great stocks, but it was obviously a scary time to invest. You had to focus on what’s going to carry out of this low — no matter what. So, we’ve been focusing on trends like what I call the “Second Electric Revolution,” which is the whole transformation of global transportation and power generation network from oil-centric to electric. Electric vehicles, energy storage, and that entire supply chain that goes into those things.

 

That’s been a big focus for The Speculator, and a number of our big winners have been in that area, in some part of that supply chain. A lot of them have been in the battery metals area, things like the Freeport-McMoRan trade, which delivered over 1,000% gains. And then [our emerging copper play] has been a big winner, and more recently [my nickel-manganese trade] been a big winner… And I think we’re still early in that trade. So, that’s why I closed out the Freeport-McMoRan position that we established at the lows of March 2020, and then reestablished a new trade. Because I think we’ve had a correction in the copper market, and now we’re going to see that market take off again, and we’re going to see battery metals take off again. So that’s a great place to be, I think.

BH: You know, something you frequently point out that really makes the case — we’re really early on in this game, the “Second Electric Revolution.” So much of it is related to what’s going on in transportation, the switch from combustion engines to battery-powered vehicles is the, correct me if I’m wrong, the percentage of vehicles sold in the United States that are electric is still under 5%, right?

EF: That’s correct, yes.

BH: So as big as we think this thing is now, it’s still a relatively small part of the transportation industry.

EF: It’s a tiny market still, but it’s growing. The thing about this revolution is that, like many revolutions, people initially focus on the things that they can see. You know, like a Tesla. That’s the most obvious change. But I don’t even think two years ago that you or I would’ve guessed how electric bicycles would take off, or scooters would take off. So, they’re all over the place now. Every kid’s got an electric bicycle — and that’s not just in the United States. It’s a global phenomenon.

So that’s also incremental demand for things like copper, nickel, and lithium. It isn’t just electric vehicles; when you layer in technologies like energy storage, about which I am extremely bullish, and which I believe is going to surprise almost all experts on the upside because of its adoption, you now have one more layer of demand. So anywhere a company sits there in the supply chain, they should do pretty well.

 

Call Dibs on the Second Electric Revolution — Before Everyone Else Does

As I repeatedly said during Brian’s and my videocast – and as I repeatedly say here — all investors should keep their eyes on something “the Second Electric Revolution.”

This revolution is powering ahead… and it is creating spectacular opportunities everywhere it goes. But finding the best ways to invest in this revolution is no easy task.

Many leading companies in the electric vehicle (EV) and energy storage sector are losing money. The Chinese EV company Nio (NYSE:NIO) is one high-profile example, but it’s hardly alone.

According to calculations from FT Alphaville, a representative selection of 23 EV manufacturers, nine battery/cell producers and nine charging station businesses recently reached a staggering combined market value of $1.6 trillion.

Legendary analyst who called 2000s tech wreck: Do This!

Incredibly, only six of these 41 EV companies managed to generate a gross profit over the last 12 months. The other 35 were losers.

Therefore, rather than invest in money losers in the EV sector, I have recommended companies that provide essential ingredients to the EV and energy storage industries.

I’m talking about “battery metals.”

To capitalize on these prospective booms, I’ve recommended many battery metals plays, including Freeport-McMoRan (NYSE:FCX) here — up nearly 205% since I made it my entry in the InvestorPlace 10 Best Stocks for 2020 contest.

And I just added a new name to that list (learn how you can get details on this pick here).

So, stay tuned. As more megatrends emerge, you’ll be the first to know.

Regards,

Eric Fry

P.S. I took first place in Wall Street’s biggest investment competition, topping 650 investors. What $56 trillion opportunity is on my radar now? Click here to learn more.

NOTE: On the date of publication, Eric Fry did not own either directly or indirectly any positions in the securities mentioned in this article.

Eric Fry is an award-winning stock picker with numerous “10-bagger” calls — in good markets AND bad. How? By finding potent global megatrends… before they take off. In fact, Eric has recommended 41 different 1,000%+ stock market winners in his career. Plus, he beat 650 of the world’s most famous investors (including Bill Ackman and David Einhorn) in a contest. And today he’s revealing his next potential 1,000% winner for free, right here.

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Energy & Critical Metals

Eguana Technologies Enters Master Licensing Agreement With E-Gear

Eguana Technologies (TSXV: EGT) has reportedly entered into a master licensing agreement with that of E-Gear LLC, whom it has
The post Eguana Technologies…

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Eguana Technologies (TSXV: EGT) has reportedly entered into a master licensing agreement with that of E-Gear LLC, whom it has partnered with in Hawaii. The licensing pertains to certain software developed by E-Gear.

The arrangement will see the integration of energy asset management and aggregation technology developed by E-Gear into the residential energy storage solutions that have been developed by Eguana. The arrangement will see Eguana have the ability to further alter the tech developed by E-Gear to better suit its application.

“For Eguana, incorporating these capabilities into our residential and commercial storage solutions enables us to take direct control of the customer experience and create valuable virtual power plant assets. By optimizing the supply of power into the grid, we will create new and recurring revenue opportunities both for ourselves and our customers,” commented Justin Holland, CEO of Eguana, within the announcement.

While Eguana will have access to this tech, E-Gear will still retain the ability to develop and utilize the tech in its own product lines, while also remaining as the owner of the original source code. The tech is believed to pertain to advanced grid services, and how the energy storage solutions interacts with the grid.

Terms of the arrangement were not disclosed.

The arrangement follows the announcement in early July that Eguana has been selected to work with the state of Hawaii’s Public Utility Commission. The company has received a $3.6 million first order under a program with the commission, for which E-Gear’s tech is believed to be utilized.

Eguana Technologies last traded at $0.29 on the TSX Venture.


FULL DISCLOSURE: Eguana Technologies is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Eguana Technologies on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

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