Imagine it is hurricane season in Florida and a restaurant needs to prepare for potential electricity outages that threaten thousands of dollars worth of food in a freezer. Or, perhaps an oil and gas exploration and production company needs to use complex electronics and equipment in remote areas without reliable access to the power grid. Standard diesel and gas generators manufactured by companies like Generac Holdings Inc. (NYSE: GNRC) and Briggs & Stratton Corporation (NYSE: BGG) may be the most commonly used in these scenarios, but solar power offers a far more economical, clean, and renewable source of energy that’s growing in popularity.
Large & Growing Genset Market
Traditional diesel and gas power generators, also known as “gensets”, represent a large and growing industry in part due to current concerns over a deteriorating power infrastructure. GlobalData predicts the market will nearly double from $12 billion in 2011 to some $22.3 billion by 2020, representing a compound annual growth rate of 7.1%. The growth is being driven by an increasing need for safe and reliable off-grid power in numerous end markets.
These end markets include:
Consumer markets like outdoor enthusiasts, emergency preparedness, recreational vehicles, or standby power used for charging batteries.
Commercial markets like remote construction, industrial maintenance, on-site servicing, or resource exploration and production activities.
Government or non-profit markets like emergency management, military/defense, NGOs, or emerging market infrastructure support.
Does Portable Solar Offer a Better Solution?
Diesel and gas generators haven’t changed very much over the past decade. They may run slightly more efficiently and perhaps a bit quieter, but still produce harmful emissions, require regular maintenance, contribute to a noisy environment, consume costly fuel, and are deadly if used indoors. They’re also not the most efficient, since they typically run on one speed and can’t store excess power, resulting in significant waste.
Portable solar powered generators may address all of these problems by being:
Safer for indoor and outdoor use with no exhaust or flammable fuel that has been tied to at least nine carbon monoxide deaths during Hurricane Sandy in the U.S. alone.
Economical with no fuel, transportation, or maintenance costs and a rapid payback period versus traditional gas powered generators.
Reliable with the ability to switch between utilizing the sun during daylight and an A/C charge during low sun periods, as well as fewer upkeep and maintenance issues.
Cleaner with zero emissions, a minimal footprint, and fewer transportation costs associated with supplying gas or diesel fuel.
Quieter with no moving parts and perfect for residential neighborhoods, camping environments or stealth military applications.
Responding to the Need for Safe, Portable Power
There are a number of private companies and one publicly-traded company responding to these needs with innovative products. With private companies like GoalZero out of reach for most investors, IDS Solar Technologies, Inc. (OTCQB: IDST) represents the only public company exclusively offering high quality portable solar generators.
Leveraging advance material storage technologies like Lithium Iron Phosphate and sophisticated battery management systems, the company is developing a multi-scale line of portable solar generators capable of powering everything from consumer electronics to commercial construction equipment.
Request More Information on IDS Solar Technologies, Inc. here:
About Emerging Growth LLC
EGC is a marketing and consulting firm that specializes in creating ongoing communications strategies for public and private companies.
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://secfilings.com/Disclaimer.asp
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