Pacific Integrated Energy

Creating new solar energy markets

Pacific Integrated Energy

Creating new solar energy markets

San Diego, CA
Technology
Environment
PI Energy is developing thin, flexible, solar nanofilms that make it possible to install solar on almost any surface. Our novel materials are low cost and easy to install, which opens vast new untapped markets for clean energy.

$207,490

raised
227
Investors
30
Days Left
$10.00
Price per Share
$67.9M
Valuation
Equity
Offering Type
$500.00
Min. Investment

$207,490

raised
227
Investors
30
Days Left
$10.00
Price per Share
$67.9M
Valuation
Equity
Offering Type
$500.00
Min. Investment

Bonus Rewards

Get rewarded for investing more into Pacific Integrated Energy

$500+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Investment
Investor Community Access
Invest $500+ and receive updates about PI Energy through our quarterly newsletter
$5,000+
Investment
Call with the C-Suite
Invest $5,000+ and receive a call with our CEO to talk about the vision and next steps for PI Energy
$10,000+
Investment
Onsite meeting with CEO
Invest $10,000+ and receive an invite to our San Diego facility for a 1 on 1 meeting with our CEO, plus receive an additional 10% bonus shares

Reasons to Invest

Revolutionary Technology - PI Energy solar materials are ultra-flexible, durable, non-toxic, lightweight and can be installed for a low cost
Expanding Market - Our technology can greatly expand the current multi-billion dollar solar module market and put it on a faster path for growth
Great Team - Our team includes industry experts who possess PhDs and Masters in Physics & Electrical Engineering who each have 20+ years of experience

“Cost-competitive clean energy, flexible enough to be installed on most surfaces under the sun”

The Problem


A lack of accessible clean energy

Climate change is one of the greatest challenges faced by humans. Fossil fuels continue to dominate energy markets and are projected to remain 85% of the primary energy consumed through 2040 – assuming no fundamental change in renewable energy technologies in the market (Source). Today, the installed cost of clean energy is still too expensive for most consumers in the US and around the world.  The available places for installation are limited with current market PV technologies, and their overall installed-cost is too high. Global energy markets are dominated by consumption from advanced and wealthy nations, though 80% of the less affluent global population is expected to drive energy and emissions growth. The global energy markets would be transformed with low- cost renewable energy, that can be easily installed on most surfaces. 

Solar energy is by far the most abundant source of potential clean, though solar PV currently provides less than 1% of the world’s consumed energy. Traditional PV modules are heavy, rigid, suffer high installation costs, and can only be installed on a few surfaces (e.g., a fraction of some residential roofs, weight-bearing commercial roofs, and remote solar farm projects). To significantly mitigate the pace of climate disruption, we need a better path. For solar energy to be meaningful part of the solution it must be practically available to be installed on far more surfaces and at a much lower cost.  

The Solution


The next generation of solar energy

We believe PI Energy’s solar module design is different than any solar panel in the market, the key differences are the combination of properties: ultra-thin, flexible, non-toxic, durable, good performance, lightweight, and low-cost.  These properties enable new applications which were not previously available to PV, including wrap-around PV electric vehicles (cars, buses & vans), mobile electronic devices, and most surfaces of buildings (residential, commercial & industrial structures). Many commercial and industrial roofs cannot support the weight of traditional PV, including large data centers (like those massive warehouses of servers housing Amazon Web Services and Google cloud storage), which represent a single new market segment addressable by PI Energy. Our technology moves solar energy generation closer to the location of electricity consumption, reducing overall transmission and grid infrastructure costs. Existing commercially viable thin-film solar technology all have limitations, that prevent them from scaling into these new markets.


We believe the unique combination of properties of PI Energy’s technology meet all the necessary characteristic required to PV that can be globally scaled, to become a significantly larger portion of the global energy market. 

The Market


A huge global market with an ever-growing demand

PI Energy’s low-cost solar film can be installed on just about any surface, which means PI Energy has the potential to significantly expand the size of the overall electric and solar PV market. Currently, the total grid-connected energy market is about $2.5 trillion per year globally, and the serviceable available solar PV module market is about $48 billion* in module sales annually (having grown by 18% in 2018). We believe our estimated serviceable obtainable market is about 25% of the current photovoltaic module/panel market, or about $12 billion. What is unique is the growing untapped electric vehicle market.


In 2018, there were 5,000,000 electric cars worldwide with a growth of 67% over the previous year. The same year there were 460,000 electric buses, with a 25% annual growth. This represents an $8.3 billion/year untapped serviceable solar market for new vehicles. This does not include the potential of delivery vehicles fleets. In 2019, Amazon announced it will purchase 100,000 new electric delivery vehicles (Source). This is an unaddressed market, without a solar PV technology that can be practically applied to electric vehicles at a reasonable cost.  PI Energy believes that its PV material wrapped on to a delivery van could provide up to 20 miles of additional range, on a daily basis, in southern California.

*This statistic is sourced from the International Energy Agency - GW modules installed globally multiplied by the average module price figures

(Section Sources Source 1 and Source 2)

This graph's statistic is sourced from the International Energy Agency - GW modules installed globally multiplied by the average module price figures

Source 1 and Source 2


Our Traction


Significant raises and improved technology

Historically, solar cell development often takes decades to mature.  PI Energy has dedicated the time and expertise to develop a fundamental innovation for clean energy. With better technology, PI Energy intends to grow the market far above current trends.


The approximate breakdown of the global solar PV module sales global market:

  • crystalline silicon (c-Si): $43 billion
  • cadmium telluride (CdTe): $5 billion
  • copper-indium-gallium-selenium-sulfur (CIGS): $5 billion


According to MIT, for a solar PV cell technology to provide a globally-scalable market-driven solar energy solution, all the key advantages (dark blue) are required, while avoiding disadvantages (red):

PI Energy has raised approximately $14M, over the last 9 years of technology development, from private investors, mostly family offices with direct experience in renewable energy markets. The goal of PI Energy is to substantially increase the use and adoption rate of solar energy globally, by deploying its technology to make solar market-competitive and a practical energy choice for most consumers.  We want to harness market forces to deploy sustainable energy globally.


Our team of experts is driven to meet this commercial goal.  We have built hundreds of prototypes for our nanomaterial PV technology, arriving at the current design, which we intend to commercialize.  PI Energy’s team is currently developing the most recent prototypes, and integrating various manufacturing techniques, to demonstrate a fully-integrated PV material.  Our goal is to produce the first integrated PV material of the current generation design in early 2020. A provisional patent was filed for this design in December 2019.

*This video discusses our prototype products which are currently in development and pre-production. 

What We Do


Ultra-flexible, lightweight solar materials 

PI Energy is continuing to refine and develop its unique and flexible solar panel which can be produced with a roll-to-roll manufacturing process. We expect our product will be over 40 times thinner than current market crystalline-silicon solar PV while using earth-abundant and non-toxic materials. We believe these unique advantages open up new markets and makes solar energy available for almost any solid surface.

Development Stage

The technology is currently still under development. We are in the process of building prototypes to demonstrate the technology and the manufacturing process. We have built multiple initial prototypes that are developing various steps of this process. The full integration of all steps comes after each of the multiple steps have been demonstrated and optimized. These are small prototypes, after demonstrating at the small scale prototypes that reach thin film commercial efficiencies, we will move to larger scale pilot demonstration along with pilot manufacturing.

The Business Model


Making solar energy practical worldwide by opening up untapped markets

As there are multiple applications for the technology there are multiple paths to market.  These paths to market include industrial partners for production and commercialization, as well as licensing and for some high-margin markets, where PI Energy plans to utilize its initial planned production line. PI Energy’s PV film will be delivered to installers (for commercial, industrial and residential rooftops) and OEMs (for installation on mobile devices, electric vehicles, and more). 


On a first phase of commercialization, our product will be targeted toward customers and markets where current PV providers cannot meet customer requirements, due to current traditional challenges of: panel weight, lack of flexibility and/or toxic elements used. These initial customers are a part of an untapped multibillion dollar market that could use our solar panels for non-weight bearing commercial roofs, solar PV-on fabric for personnel and temporary structures/tents, electric vehicles and mobile device segments.


We intend to expand into the market through fabrication under license and joint-ventures with large established companies, that have established broad sales channels, global distribution, and the ability to integrate PI Energy’s solar materials into other products and markets.  We also plan to build multiple sales channels into OEMs, as well as partnering with direct suppliers to solar installers.


How We Are Different


Solar energy where it was not practical before, making it affordable, accessible and easy to use

  1. The Solar PV market is dominated by products that are expensive and have a limited market where they can be practically installed. The market is dominated by crystalline silicon modules, which have good performance and durability, but are limited because they are rigid, thick and relativity heavy, restricting how and where they can be installed, even at a high price.  

  2. The commercial market for traditional current PV is primarily large solar farms, which require expensive infrastructure to transport the generated electricity from remote locations to the point of electricity consumption.

  3. Current market rooftop solar requires rack and mounting installation hardware, as well as a prepared weight-bearing roof, which limits where solar PV can be installed today.

  4. Most commercial and industrial buildings have little potential for solar PV using the current market technologies, as these are limited to weight-bearing roofs that can support the weight of the traditional PV panels and mounting hardware. Other limitations in many jurisdictions require fire code offsets, from roof edges and objects on the roof, further limiting where traditional PV can be installed.


Most existing commercially viable thin-film solar technology on the market, which could expand the market all have issues that prevent them from scaling globally or into new markets, these limitations include:


  1. They contain toxic elements, such as CdTe and CIGS modules (most contain cadmium) or Perovskites (water-soluble lead) 
  2. They require scarce materials with limited availability, which inhibit their market potential
  3. They have insufficient performance to justify their installation
  4. They suffer from durability problems. Their performance will degrade in a short period of time in the intended market environment
  5. They are too expensive to install compared to the benefit provided


PI Energy’s technology does not have the weight and flexibility issues of crystalline silicon PV nor the five issues described above of existing thin-film solar PV.  This enables PI Energy’s solar PV technology to have the ability to be wrapped on almost any solid surface, which opens up new places for solar PV to be installed including, including electric cars, buses, trucks, non-weight bearing roofs, walls, external building surfaces, fences, tents, backpacks or more generally, most surfaces.  Our materials are non-toxic and costs are projected to be significantly below that of crystalline silicon PV costs, on an installed basis. These new capabilities are a result of PI Energy’s solar cell technology, providing unique market advantages over traditional solar PV:


According to the USGS, Indium and Tellurium, used in CIGS and CdTe solar cells, are not directly mined and are byproducts of copper and zinc mining and processing.

The Vision


Long-term clean energy 24/7

We envision PV on most external surfaces for residential, commercial, and industrial markets, and wrapping electric cars & buses, mobile devices and more.  Over the next decade, we intend to reshape the path of renewable energy globally, to bring clean energy within the reach of almost every region and market.


PI Energy plans to expand its solar energy product into multiple markets. We plan to have our own high-end production capability that will service the high margin markets. To expand internationally, we plan to utilize regional partners who will either provide funding for regional production and commercialization or just sales channels. Using this model, we believe revenue will be more resilient because it will be based on multiple markets, not just traditional fixed installations but also consumer products. Our target customers will be diverse and we will be building multiple sales channels into OEMs, as well as partnerships with direct suppliers to solar installers.


In addition, we have been working on complementary technology that could expand solar performance to include advanced direct thermal to electric conversion. These advancements come from work performed with university partnerships. Our long-term vision is represented in our company’s full name, Pacific Integrated Energy (abbreviated to PI Energy). We plan to provide a more integrated clean energy solution, providing clean energy 24 hours a day, day and night. Solar PV can power daytime hours and advanced solar-to-thermal materials, in development at PI Energy, can provide power night and day. In addition, we have working dialogues with leading developers and innovators of energy storage solution, and we plan to partner with them in pilot projects and further commercialization.  We intend to expand internationally, in collaboration with regional partners in different market segments, facilitating broad commercialization and diverse sales channels.


Current solar energy is highly constrained in where it can be installed.  With our plan to provide our solution to cover most solid surfaces, even complex cityscapes should be producing clean energy, making solar farms possible within cities.


Our Team


Expert scientists with nearly a decade of experience working as a team

PI Energy was founded by Phil Layton, a physicist and intellectual property attorney, with over 20 years of experience in nanotechnology development, aerospace and defense commercialization of those technologies. PI Energy employs scientists and engineers with expertise in a wide array of fields, including materials science, device physics, chemistry, plasmonics, nanotechnology, nano-engineering, hardware testing, and fabrication. The team has been working together for 9 years, overcoming numerous challenges and together they hold multiple PhD,s, and Masters in engineering, physics, and nano-materials development.  They are veterans in commercial development. The team is highly motivated and passionate about advancing real-world commercial solutions for a better environment.


Why Invest


Groundbreaking technology for a cleaner, brighter future

PI Energy has developed a novel and groundbreaking solar energy technology, with the opportunity to accelerate the expansion of solar PV, by making clean energy more practical and affordable than ever before.


PI Energy’s team has formulated its proprietary materials to create a product unlike any other in the market, a solar energy module that is ultra-flexible, lightweight, non-toxic, durable, high performing and made from earth-abundant materials. With PI Energy’s technology, we believe solar energy will be far more accessible, practical and cost-effective.

Offering Summary


Company

:

Pacific Integrated Energy, Inc.

Corporate Address

:

11555 Sorrento Valley Rd Ste 204, San Diego, CA 92121

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$500.00











Terms


Offering Type

:

Equity

Security Name

:

Non voting common stock

Minimum Number of Shares Offered

:

1,000

Maximum Number of Shares Offered

:

107,000

Price per Share

:

$10.00

Pre-Money Valuation

:

$67,934,930.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Perks* and Investment Incentives

Time-Based:

Friends and Family

Invest in the first 48 hours and receive an additional 20% bonus shares

Super Early Bird

Invest in the first week and receive an additional 15% bonus shares

Early Bird

Invest in the second week and receive an additional 10% bonus shares

Early Investor

Invest in the first month and receive an additional 5% bonus shares

Amount Based:

$500+

Investor Community Access

Invest $500+ and receive updates about PI Energy through our quarterly newsletter

$5,000+

Call with the C-Suite

Invest $5,000+ and receive a call with our CEO to talk about the vision and next steps for PI Energy

$10,000+

Onsite meeting with CEO

Invest $10,000+ and receive an invite to our San Diego facility for a 1 on 1 meeting with our CEO, plus receive an additional 10% bonus shares 

*All perks occur after the offering is completed

The 10% Bonus for StartEngine Shareholders

Pacific Integrated 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 Non-voting Common Stock at $10 / share, you will receive 110 Non-voting Common Stock, meaning you'll own 110 shares for $1000. 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

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$248,419.00 USD
$244,367.00 USD
Cash And Cash Equivalents
$148,318.00 USD
$117,295.00 USD
Accounts Receivable
$8,453.00 USD
$0.00 USD
Short Term Debt
$83,023.00 USD
$70,219.00 USD
Long Term Debt
$177,573.00 USD
$469,125.00 USD
Revenues And Sales
$6,000.00 USD
$61,900.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$9,085.00 USD
$17,422.00 USD
Net Income
-$1,780,291.00 USD
-$1,792,963.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Solar simulator for large area sample testing

2 days ago

PI Energy has built a large area solar simulator to support its development for testing large area samples. 

 

Funding milestone

5 days ago

Congratulations to all of our community, Fans & Investors. We just surpassed a major milestone in our equity crowdfunding campaign, over $200,000 in committed funds and we owe it all to you! 

Thank you for making this campaign such a success, but we’re not done yet  our goal is to max out the allowable limit under our Regulation CF campaign, but we need your help  if you have not invested yet, then we humbly invite you to join. If you have invested, then please tell your friends about the company that you’re a part of the PI Energy campaign.

Despite all the current global challenges, we are moving forward.  More to follow!

Notice of Funds Disbursement

19 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Pacific Integrated Energy has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Pacific Integrated Energy be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Smart-Grid and Energy industry veteran, Lee Krevat, joins Board of Directors of PI Energy

about 1 month ago

On February 17, 2020, PI Energy welcomed Lee Krevat as a new board member of PI Energy.

 

Lee has over three decades of experience in the energy and technology industries. While working at San Diego Gas & Electric Company (SDG&E), a subsidiary of Sempra Energy, he founded and served as director of smart grid and led SDG&E’s smart grid and electric vehicle initiatives, evangelizing Grid Modernization and Electric Vehicle grid integration. Lee was twice named one of the top 100 movers and shakers influencing the smart grid market by GreenTech Media and twice recognized as a Top 12 Utility Mover and Shaker and Utility Champion by Intelligent Utility Magazine.

 

Previously, Lee was director of new ventures for Sempra Renewables. He was responsible for leading the development of distributed energy solutions including solar, load optimization, bio-methane, electric vehicle charging, energy blockchain, and microgrids. Lee successfully closed investments in Sempra’s first distributed energy resources, an exciting distributed solar company, Sol Systems, and as the sole US founding member in the Energy Web Foundation.

 

Lee is a champion for sustainability on a national level. He serves on the Board of Directors of the GridWise Alliance, where he led the development of the GridWise Alliance Grid Modernization Index (GMI). The GMI has been used since 2013 to evaluate the status of electric grid modernization in the United States, to identify and promote best practices, and to provide insights to state policy makers, regulators, and other stakeholders regarding the progress of their grid modernization.

Lee currently serves as an advisory member on the UCLA Smart Grid Energy Research Center’s Leadership Council.

 

Prior to joining the Sempra Energy family of companies, Lee led several software development teams at Tandem Computers, and was a partner at TransPac Software, a startup in Silicon Valley. He received a bachelor’s degree with university honors in applied mathematics/computer science from Carnegie Mellon University.

Notice of Material Change in Offering

about 1 month ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Pacific Integrated Energy offering. Here's an excerpt describing the specifics of the change:


PI Energy welcomes new board member Lee Krevat.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Process development update: assembling large-area processing evaluation

about 1 month ago

We are gearing up to begin evaluation of a large-area processing step for our thin-film solar material, one of the key processes for enabling high-volume production of our solar technology.  This system will enable evaluation of both this proprietary step for small scale prototypes and larger area devices. 

Great start to the Campaign, Thank you

about 2 months ago

We want to thank you for the traction on PI Energy’s equity crowdfunding campaign, which has been live now for a few days.

We are  very happy to say we’ve raised over $100,000 to date.  While this is a good start,  we are actively seeking more investors to help us fund our efforts.  Whether you have already invested or not, you should know that we are looking to build a  long-term relationship with our investors.  Our ultimate goal is to build a community of  investors that can be our advocates.  We are confident that we will all be working together for a long time.   Please look at our campaign page https://www.startengine.com/pienergy ,  and  if you are still thinking about it, or you can start  investing.

 

Thank you for your interest in the next-generation of solar PV.

Show More Updates End of Updates

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