The sun doesn’t shine all the time.

So we combine energy storage with solar power to give you grid

independence day or night.

The Need

Solar is becoming the cheapest form of power

Grid capacity to connect solar is limited

Inevitable end to net metering and feed-in tariffs

Electric utility charges are rapidly increasing

Grid outages are up 30% since 2008

U.S. “soft costs” for solar are world’s highest

Our Solution

Modular, plug-and-play power modules

“Open source” plug-in energy storage

Simplified configuration

Great price for grid independence

Optimized for residential installation

Home owner installable

The High and Low Points

Incorporated June 2013, beta delivery April 2015

Survived a supplier fire, longshoremen strike, and corporate poverty

Company reset with more targeted product

42% click-through rate of April Pennwell mailing, highest ever recorded by publication

First production and $260K revenue this quarter

What hasn’t killed us made us stronger

Lessons Learned

1. Location, location, location - all different

2. Solar installers are not the target market

3. Architects and homeowners want simplicity

4. 7kW to 10kW is current sweet spot

5. Modular installation critical in homes

6. National Electric Code isn’t ready for this

All solar installations will include energy storage by 2020

Forecasts agree. Residential energy storage market will top 100MW by 2018. $500M segment of $3.8B market.

Modular Product

Easy, Flexible Installation

The Other Guys

The PowerStacks

The Battery

Software Is the Secret SauceHeuristic battery management

Cloud monitoring and control of power generation and loads

Peak shaving and generator optimization (50% fuel saving)

380-volt DC microgrid for scalable, efficient distribution

Intelligent agent network nodes

Efficient Supply Chain and Manufacturing are Critical

PCBs, enclosures and LiFePO₄ batteries assembled in China

Cost-effective, innovative packaging with minimal wiring

Final ISO 9001 assembly and test at NH correctional facility

Partnership with eIQ Energy380 volt DC solar arrays connect directly to Elecyr microgrid

Complete PV at $1.50 per watt

Elecyr gains access to patented DC-DC conversion for microgrids

eIQ gains integration with Elecyr microgrid and BMS software

Partnership with Zaniboni

Major provider of LED architectural lighting

Elecyr software monitors and controls all lighting

DC-only lighting for optimal energy efficiency

Partnership with Universal Electric

Leading provider of power products for the industrial and datacenter markets

Distribution for Elecyr in these markets

Major supporter of DC microgrids

Capitalization

June 2013 - founder’s LLC sold to Elecyr for $1

$750,000 from founder, friends and family

Sweat equity of team working for minimal or no salary since 2013

$260K in revenue in current quarter (April-June 2015, earnings re-invested in WIP

Break-even now, but need growth capital

To Do List

Bring current development and marketing on as full-time, paid employees

Hire CMO, CFO and senior management for electrical and manufacturing engineering

Additional commission-only sales representatives

Trade shows and direct marketing to architects, renewable energy, solar and energy storage markets

Raise $5-$10M in equity or debt-equity to fund growth

The Offer

The potential market is very large but new, we need investment to show our ability to penetrate it and become a market leader. We are seeking a partner to help structure our financing and assist in our growth. The largest financial requirement now is work-in-process and inventory-in-transit.

We are concerned about maintaining operating control as we prove our ability to penetrate this market and build a world class, lasting company. We need investors with the same goal.