GET A PIECE OF PRIMO ENERGY
Plug into Nature
$72,213.58 Raised
REASONS TO INVEST
We are one of the few companies providing usable power for both urban and austere environments through hybrid renewable energy technology combining wind, solar, and batteries. We are also developing our further patented solutions for rooftop and other specialty installations.
Our technology has significant applications across multiple markets: portable public safety power, humanitarian and disaster relief power, and power for the 1 billion people worldwide who currently lack access to electricity.
We are preparing the next generation to bring renewables forward through our educational training products and tools, including an approved curriculum for 4th-12th grades with teacher’s guides and capstone products.
Overview
100% Renewable Hybrid Power Systems
Primo Energy is on a mission to change the way the world uses energy harvesting nature’s power to benefit communities everywhere.
At Primo, we design and manufacture 100% renewable hybrid wind, solar, and battery storage energy systems equally applicable in the center of urban settings and the edge of the grid.
We specialize in power systems with a small footprint that can be easily erected, moved, and serviced for reliable and resilient energy needs.
We are already selling a number of powerful products that incorporate wind, solar and batteries for a complete nanogrid operation. We are also developing additional products that are tested and patented but are not in production yet.
The Problem
Current Renewable Energy Solutions Fall Short of their Potential
Harnessing the power of renewable energy has never been more important, but current solutions typically focus entirely on one source of energy, and are designed for exclusive use in either urban or remote settings.
In order to truly plug into nature, we need real, usable hybrid power in a small or portable package that can be used virtually anywhere.
The Market
Providing Power to Multiple Massive Markets
Through the versatility of our technology, we are able serve several markets:
The school/university market, which is projected to grow to $2.5 billion by 2023 (Source)
The distributed generation market, valued at $242.6 billion in 2019 and growing at 11.5% per year. (Source)
The urban and public safety market, valued at $14.61 billion as of 2020 (Source).
Smaller sizes in the 400-500W range don’t provide enough power to be meaningful, and larger 10kW systems require too much space to fit on rooftops or in urban environments.
Our 2-5kW power range is small enough to fit into urban uses while providing enough power for the typical Caribbean home.
The Solution
Making Renewable Energy Accessible Everywhere
Our product was developed to provide off grid distributed generation with widespread applications, from remote and underdeveloped areas to disaster relief to campuses, parks, and schools.
We started by developing a patented blade and rotor system to make wind energy more efficient. Soon after, we realized the best way to keep batteries charged was with a combination of wind and solar.
Now, our system uses wind and solar to charge batteries for many uses including lighting, device charging, cameras, wifi extension and more. Using this technology, we have developed a number of revolutionary products:
EnergiTree
The EnergiTree is perfectly suited for remote locations, farms, disaster relief, and military expeditionary use.
The EnergiTree provides adequate power for a small home, day or night. The 1800W generator is built with a 72" thermoplastic biomimetic patent pending rotor design along with 4 solar leaves generating 480W.
Primo’s innovative and patented torque based blade and rotor design provides real usable power in the common wind speeds of 5-15 mph and has already been proven in the Arctic and the Caribbean.
Additional features include:
- Hybrid wind and solar for most consistent power supply
- Proprietary torque generator
- Completely sealed/protected copper stator and magnetic rotor sealed against dust and moisture to IP 66 and IP 67 standards
- Powerful yet flexible thermoplastic blade
- Cantilevered pole design allowing for easy installation, servicing, and lowering in times of extreme weather
Common plantings for the EnergiTree include off-grid homes, resorts, parks, campgrounds, farms, parking lots, and more.
FORCE
The Force is the future of urban wind farming. Installed along the parapet
wall, the Force 1650R turns the roof of a commercial or industrial structure into an urban wind farm.
The low height and weight of our design make the Force 1650R compatible with nearly every parapet style roof.
Our patented biomimetic blades, rotor design and torque turbine produces whisper-quiet power in common wind speeds.
With a small footprint, the Force 1650R can produce an abundance of standalone power or work in tandem with rooftop solar without interfering with HVAC operation or maintenance.
The versatile FORCE turbine is perfect for adding efficient renewable energy to commercial rooftops for urban wind farming, military expeditions, disaster relief, and more, in any location with moderate to strong wind regimes.
EnergiPlant
Patented EnergiPlant design is perfect for community settings, easily installed at the beach, in a park, a concert venue, a school, university campus, or corporate campus.
The benches also offer the opportunity for community messaging or advertising along the bottom similar to bus benches. With potentially 6 or more sides for advertising, the EnergiPlant could pay for itself in 12-18 months with ongoing revenue for the city, community, or university.
EnergiSeedling
Along with the teachers guide and capstone projects, we provide classrooms with an integrated NGSS-aligned, student-centered curriculum. We provide a hands-on, minds-on approach for STEM, STEAM, CTE Engineering pathways, makerspaces and traditional classrooms.
Through our curriculum, students learn about wind power, solar power, energy storage, inverters & converters, and device electricity consumption.
Our Journey
In 2018, we participated in Peace Tech Lab's accelerator program and also won the Most Innovative Product Award from Connect. We are also part of the Smart Transportation Innovation Program and the Southern California Energy Innovation Network.
We launched our sales effort in 2019, and despite the subsequent coronavirus pandemic we were still able to win a Phase 1 and Phase 2 AFWERX SIBR. We recently won another Phase 1 SIBR.
Now in 2021 sales that were in the pipeline from 2019 are coming back in with recent delivery and orders to a beach park in Florida, a multi unit order from a developer in San Diego and many new orders from school districts for our Seedling.
We recently started selling to the Bahamas, Barbados, and Jamaica.
Why Invest
Harnessing Renewable Energy for a Cleaner Future
We are and will continue to be the leader in smaller power platforms in the 2-5kW sector.
In the future, we also plan to grow into other areas in the renewable energy space with tremendous potential. We are about to start our first project in commercial wind farming, and we are in the prototype phase of a wave energy project.
We are a diversified renewable energy company with patented products, forward looking with design and engineering capabilities, and a proven track record with patents, awards, and sales.
Join us as we plug into nature and build a future powered by renewable energy.
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ABOUT
HEADQUARTERS
7350 Trade Street, Suite B
San Diego, CA 92121
WEBSITE
View Site
Primo Wind designs and builds hybrid energy platforms that combine wind, solar, and battery storage. Our products are easily erected and can be fitted with lights, USB charging, WIFI extension, AC power, and more integrated into the system. Distributed power can provide energy for remote locations, island territories, disaster relief, and even power blackouts. Other products are designed for community gathering places like parks and universities, and we also have a STEM teaching tool for 4th-12th grades.
TEAM
Ned McMahon
CEO & Director
Josh Franklin
COO & Director
He holds an undergraduate degree in Information and Decision Sciences and an MBA in Finance, both from the University of Illinois.
Christinia Marc
Administration Manager, Secretary, Treasurer, and Director
Venkat Shastri
Chief Engineer & Director
De Sanctis Professor of Engineering and Entrepreneurship, Director of Industry Partnership
Colton Landaiche
Mechanical Engineer
Jerry Lang
Director
Will Thomas
Warehouse Manager
Will moved back to San Diego 2018 with his son and is now working for Primo Energy where he is the Warehouse Manager.
TERMS
Primo Energy
Overview
PRICE PER SHARE
$2.19
DEADLINE
Mar 11, 2022
VALUATION
$24.97M
FUNDING GOAL
$10k - $1.07M
Breakdown
MIN INVESTMENT
$249.66
MAX INVESTMENT
$106,999.02
MIN NUMBER OF SHARES OFFERED
4,566
MAX NUMBER OF SHARES OFFERED
488,584
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.
Voting Rights of Securities Sold in this Offering
Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives*
Early Bird
Friends and Family - First 72 hours | 15% bonus shares
Super Early Bird - Next 72 hours | 10% bonus
Early Bird Bonus - Next 7 days | 5% bonus shares
Volume
Tier 1 perk - ($5,000+ 50% disc. on Primo Seedling)
Tier 2 perk - ($10,000+ 5% bonus shares)
Tier 3 perk - ($25,000+ 10% bonus shares)
*All perks occur when offering is complete.
The 10% StartEngine Owners' Bonus
Primo Energy, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $2.19 / share, you will receive 10 additional shares of Common Stock, meaning you'll own 110 shares for $219. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
ALL UPDATES
REWARDS
JOIN THE DISCUSSION
0/2500
GEORGES LANDRY FOKOUA NOUBOSSIE
2 years ago
Hi. Thanks for a global look into your project. As a new investor on StartEngine and considering the minor expertise looking long-term, how would it be beneficial for me to join in the positive change? Thanks, GN
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Felix Vayssieres
2 years ago
Love the mission. Why hasn't urban wind energy caught on yet like solar has and what are you doing differently to change that? Who are your main competitors and how does your wind turbine compare to theirs? What was you revenue for 2021? Thanks
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Barry Crouch
2 years ago
Hello,
I set out on StartEngine this evening to move forward with investing the minimum amount in a medical-related company that I had put on my wishlist a month ago.
I decided to look around..
I don't have a lot to invest but looked at all current possibilities on StartEngine and yours won out and became my fourth investment on StartEngine--adding to three I had become part of a month ago.
I can't give you the exact reason I chose Primo Energy over the approximately 10 others I picked out as contenders this evening, but I know what one of the reasons was--approximately 10 years ago I drew up plans for hybrid systems such as yours. Mine all had a key feature that yours appear to have--they looked like statues and/or pieces of modern art. I felt this would increase their desirability and even possibly lead people to install them in their yards just for the cool factor--with the fact that they are getting energy from it a huge plus! Long story short, the photos of your units reeled me in to looking at what you do.
I may be of assistance to you, as well (I'm not rich and am stuck in a mundane job at 55, but I know a few people):
-I am very good friends with a gentleman who, up until a year or so ago, was the VP of Sales for North America for Trina Solar: https://www.trinasolar.com/us. This gentleman also has patents for wind turbines, so, he is also both a solar and wind guy (as well as other renewable energy technologies). If you are interested in communicating with Trina Solar or him, let me know. (He also has/had ties with Whirlpool Corporation and many other large companies.)
-I am very good friends with one of the family members of the family that owns and runs Inovaetus Solar: https://inovateus.com/. They do solar installations around the country (Ikea warehouses, Shedd Aquarium, and many, many more). Again, if you are interested in talking with him/them, let me know. (I introduced him to my friend mentioned above.)
-I have fallen out of contact with the CEO of the following company, but I believe he doesn't hate me, so I can most likely get you in contact with him or his company if you are interested: Ambassador Enterprises: https://ambassador-enterprises.com/Among Ambassador's holding are Correct Craft (Nautique Wake Boats) and American Landmaster.
Whether you are interested in being introduced to those mentioned above or not, I am excited to have an investment in your company!
Barry
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Lea C
2 years ago
Hello, a few comments are talking about an exit related to your Microventure round. Could you talk more about that? Thank you
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sam garza
2 years ago
Hi. I have a few questions for you. 1. What is your intended use of cash raised? 2. Who on the team is handling marketing and sales? I didnt notice anyone listed with a title related to marketing and sales. I think this is a really interesting business and could see municipalities and schools having a real interest. 3. Is it possible to connect your system to something like a Tesla wall or other walled battery system to create a micro grid of sorts?
3
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michelle borman
2 years ago
Suggestion for you... and I'd be happy to be your first trial application. Why don't you look at a consumer product (your spark) that would install on the top of a boat dock. Not all boat docks have power, and getting power across the water is always a problematic and safety concern. I have looked into the space and see a potential market for this.
3
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Dustin Jacobsen
2 years ago
Tier 1 references a discount on Primo Seedling, but I don't see details about that product on the website. Can you provide more details?
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Stephen Tsang
2 years ago
In regards to the revenue, I see that in 2020 revenue was $86k, and what is the revenue forecast for 2021, 2022, and the years beyond?
1
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Larry Bressler
2 years ago
I was also a previous investor through Microventures, which exited successfully.
Do you have a revenue projection for 2021?
I am aware that things slowed down during COVID.
Thanks.
Larry B.
1
0
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omolara awofeso
2 years ago
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