Primo Energy

Plug into Nature

Primo Energy

Plug into Nature

San Diego, CA
Electronics
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.

$57,916

raised
63
Investors
$25M
Valuation
$2.19
Price per Share
$249.66
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

$57,916

raised
63
Investors
$25M
Valuation
$2.19
Price per Share
$249.66
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Primo Energy:

$249+
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.
$5,000+
Investment
Tier 1 perk
($5,000+ 50% disc. on Primo Seedling)
$10,000+
Investment
Tier 2 perk
($10,000+ 5% bonus shares)
$25,000+
Investment
Tier 3 perk
($25,000+ 10% bonus shares)

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


P
rimo 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). 



* Source, Source, 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

The EnergiPlant is a free-standing nanogrid combining wind, solar and batteries to provide security, WiFi, lighting, and charging for phones and tablets. 



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.

 

The EnergiPlant is perfectly suited for parks, schools, universities, stadiums, and other community locations.

EnergiSeedling

The EnergiSeedling is designed for students grades 4-12 to assemble the units from blueprints to gain a better understanding of the importance of microgrid and nanogrid systems for applications all over the world.



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

We began with working with the US Navy, followed closely by EnergiPlant orders from parks and universities. 

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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Offering Summary


Company

:

Primo Energy, Inc.

Corporate Address

:

7350 Trade Street, Suite B, San Diego, CA 92121

Offering Minimum

:

$9,999.54

Offering Maximum

:

$1,069,998.96

Minimum Investment Amount

(per investor)

:

$249.66











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

4,566

Maximum Number of Shares Offered

:

488,584

Price per Share

:

$2.19

Pre-Money Valuation

:

$24,974,530.05











*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.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$269,375.00 USD
$1,108,092.00 USD
Cash And Cash Equivalents
$92,277.00 USD
$558,779.00 USD
Accounts Receivable
$76,308.00 USD
$423,847.00 USD
Short Term Debt
$339,226.00 USD
$839,923.00 USD
Long Term Debt
$2,312,182.00 USD
$2,410,964.00 USD
Revenues And Sales
$85,614.00 USD
$73,337.00 USD
Costs Of Goods Sold
$150,449.00 USD
$235,816.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$489,238.00 USD
-$1,066,070.00 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.


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