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The Problem
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
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
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.
Our Traction
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:
According to MIT, for a solar PV cell technology to provide a globally-scalable market-driven solar energy solution, all the key advantages (green) 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
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.
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
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
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:
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
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
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
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.
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 |
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.
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
$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.
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.
Today is the last day of the campaign. As the $1,070,000 for the campaign maximum was reached, the Waitlist will still continue to accept investment commitments until the end of the campaign. Thank you for helping us reach the campaign goal!
We have over 1,230 investors reaching the target of $1.07 million on this campaign. Thank you for helping to create new solar markets. The Waitlist is still open for 4 more days, please feel free to share this with friends and family that might want to participate.
As of yesterday, the PI Energy campaign reached its campaign committed funding goal. Nevertheless, as often occurs, a few of the committed investor’s transfers do not always clear. So, there will be an opportunity to still participate in the campaign for commitments made on the Waitlist (“JOIN THE WAITLIST” large green button at the top of the page). The campaign will continue to accept Waitlist investments until the closing date.
Thanks for helping us advance a practical approach to global clean energy.
We reached the $1 million milestone, and it is thanks to you. We are grateful for your attention and sharing the goal of a better and more sustainable world, powered by clean energy.
We are a few days away from completing the campaign.
We have almost reached the target of the campaign, so if you would like to invest again or participate for the first time, we invite you to join in. Please feel free to share with your friends our goal at PI Energy to grow solar energy markets, using fundamental innovation, to make clean energy affordable and practical.
Thank you!
[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
Some of today’s renewable energy projects require 1,000 times more land than a fossil fuel power plant, to generate the same average power. The low surface power density of renewables is one of the biggest challenges confronting a transitioning to clean energy. The term is often described in the technical literature as simply “power density”, meaning how much power can be generated from an energy source (e.g., fossil fuels, nuclear, wind, solar, etc.). Power density values are in watts per unit area, this includes all the area that is committed to generate energy. For biomass, this area could include the fields of cultivated crops where the material is grown. For fossil fuels, this area could include the extraction and processing facilities as well as the power plant. Nuclear power has attractively high power density, but its costs have not been competitive with fossil fuels and there is much public policy controversy on safety and nuclear materials proliferation, that hinder nuclear power adoption. Natural gas has high power density of fossil fuels, but that is offset by its “super-potent” greenhouse effect from gas leaks during extraction and transport. The chart shows the range of power densities for different energy sources
Solar PV has the highest power density of renewables, but its power density is still less than 1/10 to 1/100 that of fossil fuel generated power. According to Vaclav Smil (“Energy and Civilization: A History”, MIT 2017)[S1] , using existing market solar technologies, traditional PV projects would require covering millions of acres of valuable land worldwide to make renewable energy significant which is impractical and unfeasible. So a new approach to solar PV is necessary.
To overcome the power density challenge, a next-generation solar PV technology must be surface-friendly, lightweight and flexible, so that it can be installed on significantly more surfaces, including on unreinforced structures and ideally using surfaces that already exist (e.g., roofs, walls, fences, driveways and cars), so that costly land-use impacts can be avoided. Besides the simple cost comparison, there are additional requirements for large-scale PV deployment: toxicity and element abundance. The materials composing such a solar PV should not pose health hazards, so they must be non-toxic. Also, the precursor materials of a globally-scalable PV must be readily available and abundant.
How can PI Energy’s PV technology contribute to making solar PV feasible at a global scale? These very challenges, that constrain current market PV technologies (traditional c-Si, CdTe, and CIGS) were a driving force to form and advance PI Energy, when we concluded that traditional PV was too limited to provide a meaningful contribution to a clean energy future. Solar materials had to be cheaper and far more practical at large scale. PI Energy’s proprietary technology is designed to be: installable on most solid surfaces, lightweight, flexible, non-toxic, and composed of earth-abundant elements. While the current $48 billion solar PV module market is impressive, we expect that having the right technology to deploy solar PV globally and across many new markets will be more impactful on the $8 trillion global energy as a whole.
Thank you for making this campaign a success. We recently surpassed another milestone in our equity crowdfunding campaign: over $800,000 in committed funds. Congratulations to all of our community, especially our shareholders and supporters.
If you would like to invest more or have not invested yet, we invite you to participate. Please feel free to tell your friends about PI Energy and our goal: to grow solar energy markets, utilizing fundamental innovation, to make clean energy affordable and practical.
Solar PV on the rooftop of the largest data centers is an example of a new solar energy market enabled by PI Energy’s technology. The size of the world’s largest data centers continues to grow as does their power consumption. Internet behemoths, including Amazon, Google, and Apple, operate many of the largest data centers.
A typical large data center has a gargantuan roof area equivalent to several football fields:
Most of these large data centers do not have any rooftop solar PV, even though the electrical power costs are a leading operating cost for these facilities. PI Energy analysis and industry feedback suggests that the none of the current market solar PV technologies meets the estimated requirements for rooftop PV on large data centers:
While CdTe and CIGS solar PV can be lightweight, they contain toxic cadmium and/or indium. Almost all large data centers, just like many commercial/industrial large span buildings, have non-weight bearing roofs. The dominant PV technology in today’s market is c-silicon, is just too heavy to install on most roofs of large data centers.
We expect that PI Energy’s technology will allow large data centers to use more clean energy from rooftop generation on their vast roof areas.
[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
Congratulations to all of our community, fans and shareholders. We recently surpassed a milestone in our equity crowdfunding campaign: over $700,000 in committed funds.
Thank you for making this campaign a success. If you want to invest more or have not invested yet, we invite you to join in. Please feel free to tell your friends about PI Energy and our goal: to grow solar energy markets, utilizing fundamental innovation, to make clean energy affordable and practical.
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