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infiniRel

USA, California
Market: Power Engineering
Stage of the project: Prototype or product is ready

Date of last change: 08.11.2024
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Idea

infiniRel's EKG technology prevents inverter failures, improves uptime and reduces O&M cost, benefiting renewable energy asset owners and operators.

Current Status

Executing our quarter million Dollar development contract with a global renewable energy developer builds our reference use case for asset owners, operators, and ESPs. This leads us to $220m in ARR potential from engaged Top-10 clients' operating renewable energy plants today. Our core patent is issued in the U.S. and key European countries.

Problem or Opportunity

The explosive growth of the global solar industry has eroded margins and created an aging fleet of inverters at the heart of all renewable energy plants. The U.S. solar industry lost $4.6-bn in 2023, nearly doubling every two years, dominated by inverter failure.

Solution (product or service)

Similar to an EKG measuring the heartbeat signature of a patient, our EKG instrumentation creates proprietary data, measuring the heartbeat health of power electronics, the cornerstone of all electrification.
Causality is core to our proprietary A.I., Machine Learning, when generic data, modeling and correlation has failed to predict inverter failure. infiniRel’s individual inverter risk scores and specific and timely repair recommendations increase uptime and our clients’ bottom line.

Business model

Initial project-based data services, forensic analysis, and plant commissioning up-sell into annual subscriptions, Service Level Agreements based on failure history and plant size, factored in $/Megawatt/year.

Incubation/Acceleration programs accomplishment

CSUMB Monterey Bay Startup of the Year 2020, Venture Division
Cleantech Open, Western Regional Winner, 2021
mHUB Chicago, 2022-24
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