Tackling Industrial Energy Inefficiency: IR Power’s Innovative Retrofit Technology
Industrial motor-driven machines are the backbone of the global economy, powering production lines, transportation systems, and infrastructure. However, these machines are notoriously inefficient, consuming vast amounts of energy—approximately 45% of the world’s electricity. As industries strive to meet sustainability goals and reduce operational costs, the inefficiency of these motors represents both a challenge and an opportunity. In fact, it’s estimated that global industrial electricity consumption could be reduced by as much as 10% through efficiency improvements, translating into massive cost savings and significant reductions in carbon emissions.
Industrial operators are under increasing pressure to find cost-effective solutions that boost the energy efficiency of their expensive, often outdated, machinery. However, upgrading or replacing these machines can be costly, disruptive, and time-consuming, leading many businesses to seek innovative retrofitting solutions that minimize capital expenditures while maximizing energy savings.
This is where IR Power comes in. By offering a proprietary electricity recycling system, IR Power enables industries to dramatically reduce their energy consumption without the need for costly new machinery. Their simple retrofit system recycles previously wasted electricity, reducing the demand from the grid and improving the efficiency of existing machines. The solution not only lowers energy costs but also allows companies to defer expensive capital upgrade projects, helping them achieve both economic and environmental goals.
IR Power is transforming industrial energy consumption with its electricity recycling technology, offering businesses an immediate and cost-effective path to greater efficiency and sustainability.
Why IR Power?
- Innovative technology: IR Power’s proprietary electricity recycling system offers a highly effective and scalable solution to industrial inefficiency. By retrofitting existing, heavy machinery with power electronics and energy storage technologies, IR Power captures, stores and recycles electricity traditionally lost as heat; lowering grid demand & operational costs, providing customers with immediate savings without the need for costly machinery upgrades. Dependant on the application use-case, IR Power’s technology increases safety and stability through peak load/shaving & energy storage.
- Commercial traction: IR Power has proven its technology in real-world operational environments, with successful pilot projects at two global Tier 1 automotive manufacturers and a top 50 container port. The company has also gained traction in packaging production and the global food supply chain, with a growing pipeline of customers. IR Power is now deploying a paid model installation at a UK automotive factory, setting the template for future rollouts across the customer’s 100+ factories globally.
- Market potential: The demand for energy efficiency solutions spans multiple industries, including manufacturing, shipping, mining, and food processing. With industrial operators increasingly focused on reducing energy costs and emissions, IR Power’s solution has broad market applicability. The company plans to implement a direct rental business model in the UK and scale globally through distribution partners, backed by strong customer interest.
Investment Snapshot:
- Type: Series A
- Target amount: £3.8m
For further information or to speak with IR Power directly contact:
Anton Themen at [email protected]
