MaxOut cuts the cost of moving power from solar panels to the grid
Category: Energy Generation (national winner) | Region: Western
www.maxoutrenewables.com | facebook.com/maxoutrenewables
CEO: Eric Cummings | COO: Kirsten Pace
Elevator pitch: Our breakthrough products cut the cost of moving power from solar panels to the grid by 80 percent. Our first product, the Balancer, affordably maximizes a solar array’s productivity — it’s like getting two extra panels on your roof for free. Know when it’s time to clean off leaves and how each panel is doing with our monitoring app and email alerts.
How we make a difference: Adding a Balancer to a system actually cuts the cost of a system by about 30 cents per Watt —that’s almost like getting solar panels for half price. It recovers up to 30 percent of power that would otherwise be wasted, but outperforms and costs 3x less than the competition, leaving more money in your pocket and less tied up in wasted electronics on a roof.
If we win? The Global Forum exposes MaxOut’s products to a global audience of investors and stakeholders in renewable energy, and determined and talented people from around the world. If we win, the exposure and momentum will allow us to open up the vast global market years sooner than in our current plan. It will help us build a philosophically driven global sales team. The money will accelerate bringing our first product through UL and CE testing to the market.
Cleantech Open anecdote: Two of the Western Regional Winner’s CEOs (Denis Phares from Dragonfly and I) were in the same rock-band about 20 years ago, and it may well have been the worst rock band ever! We struggled all summer with messaging and strategy and our mentors repeatedly came through with ideas and advice, but there was one messaging point we hadn’t been able to resolve. During a late-night meeting with both our mentors before the first pitch practice, we finally hashed it out: it was a tense and uncomfortable meeting such as I’ve experienced in small teams that are earnestly tackling a critical problem. The tension rose and spiked until one of our mentors had a brilliant idea that resolved the problem inventively and beautifully. The epiphany was how invested our mentors were: there were so many easy ways out and it was very late, but nobody in the room was going to settle. That’s a dream team for you.