IPG Aims to Replace Diesel Generator with Crowdfunding Campaign

New York-based IPG has announced the launch of its crowdfunding campaign to aid its mission to replace the diesel generator.

IPG’s patented product, the IPG Flameless Generator, looks to change the scenario between the supply and demand of renewable fuels, giving businesses the confidence to ditch their diesel gensets.

Diesel generators accounted for 53% of the distributed power market in 2019 and, despite recent progress with wind, solar and battery storage, the diesel generator market value is set to almost double to $30bn by 2030.

The company is approaching this issue with its pioneering product, the IPG Flameless Generator. 

Toby Gill, CEO of IPG, commented: “With climate tech featured as the fastest-growing vertical in Europe, and investment in the space growing ten-fold over the last five years, the clean energy transition is referred to as the single greatest investment opportunity of this generation. Even so, opportunities to get involved with a B2B hardware company at this stage in the innovation journey remain few and far between. IPG’s crowdfund campaign represents a unique opportunity for climate-focused investors to get behind a breakthrough innovation at a pivotal stage, and to be a part of the journey towards accelerating the net-zero transition for businesses.”

With patented technology validated by Cranfield University and a £1m prototype project with National Highways soon to be completed, IPG is now raising investment to deliver the next phase of product trials with its growing list of early adopters.

This recent investment will allow IPG to boost product development on the back of its strong customer traction in beachhead markets and set the foundation for future volume manufacturing processes with key supply chain partners.