Invest in Paladin Power, Inc.

Paladin Power is the next generation energy storage system (ESS)

EARLY BIRD TERMS: $593,451 LEFT

$406,549

raised from 226 investors
INVESTMENT TERMS
Custom Contract
Common shares, $0.60 per share, $67M pre-money valuation
Early Bird Bonus: Investors in the first $1,000,000 will receive a $44.6M pre-money valuation ($0.40 a share). 
Investors after that will receive a $67M pre-money valuation ($0.60 a share)
$500, $1K, $2.5K, $5K, $10K, $25K

Highlights

Fast Growth

Revenue growing 2X/yr for at least prior 6 months

$1M+ Revenue

Earned over the last 12 months

1
Paladin Power successfully launched product in 2023 and has $1.2M in sales to date.
2
LOI signed with Powerfund to purchase $30 Million in product for end users.
3
Manufacturing Service Agreement (MSA) signed with JABIL - top 2 global manufacturer in the world.
4
First sale with national distributor: Greentech Renewables/CED Greentech in Q1 of 2024

Our Team


Large and rapidly expanding market, growing product demand. Proprietary next-generation energy storage solution that offers home owners energy independence and reduced utility costs.

Our Mission

Join Paladin Power in our mission to allow every homeowner be self sufficient to power their own home without relying on the grid or need for a utility. Paladin Power is leading the transformation on how homes will be powered with our proprietary, reliable, easy to install and powerful energy storage system which not only provides backup power to home owners and small businesses but also energy independence and lower electricity costs. Paladin Power platform also allows customers to seamlessly upgrade the system to power EVs, ADUs, crypto-miners and much more. Learn more about our market growth, proprietary next gen technology and the growing demand for our incredible energy storage system.

Why Invest

  • For a limited time this opportunity is open to non-accredited investors to invest in a revolutionary technology that disrupts how homeowners power their homes
  • The global battery energy storage market size is slated to expand at ~28% CAGR between 2023 and 2035. The market is poised to garner a revenue of USD $212.8 billion by the end of 2035 (https://finance.yahoo.com/news/battery-energy-storage-market-revenue-103000400.html - December 2023)
  • Demand is being driven by lack of energy security and unreliable grid because of weather related power outages and/or shortfalls in grid capacity
  • In California, product demand is being driven by green energy regulatory changes, closing of coal power plants, EV sales all resulting in rising utility costs
  • Many homeowners installed solar panels without a battery storage system and are now looking for battery backup systems because of higher utility costs, weather caused power outages or unreliability of the grid
  • Homeowners rely on electricity for internet access, gaming, security, online learning and even recharging phones and EVs
  • Paladin Power's is the next generation of home backup and battery storage that can power your entire home at a lower cost compared to the competition
  • Paladin Power Energy Storage System (ESS) was launched in Q4 of 2023 with sales of $1.2M to date
  • Founder and CEO Ted Thomas has 16+ years of energy storage experience and pioneer in energy storage solutions

Special Perks & Product Discount!

  • Early Bird Special - The first $1 million ($1M) of investments will be at $0.40/share a 33% discount compared to $0.60/share
  • Product Discount - investors receive a discount of 5% to 30% off the purchase of a Paladin Power energy storage system (ESS)

Investor & Customer Testimonial

Ted Thomas, CEO of Paladin Power and Andrew Lachman discuss Paladin Power energy storage system and investing in Paladin Power.

Market Opportunity

Paladin Power is uniquely positioned to be a leader in the $12.2 billion energy storage market and capture significant market share over the competitors thanks to our proprietary and patented energy storage system (ESS). Our system keeps the entire home or business running at peak efficiency and eliminates utility bills, and is offered at a lower cost compared to competitors inferior, wall mounted systems.

  • The global residential energy storage market is valued at USD $12.2 billion in 2023 and is predicted to jump to USD $90B by 2033-end, expanding at high-value CAGR of 22% over the decade. (https://www.factmr.com/report/residential-energy-storage-market)
  • The global battery energy storage market size is slated to expand at ~28% CAGR between 2023 and 2035. The market is poised to garner a revenue of USD $212.8 billion by the end of 2035 (https://finance.yahoo.com/news/battery-energy-storage-market-revenue-103000400.html - December 2023)
  • Residential solar installations continue to grow throughout the United States, doubling in size from 2021 to 2028. https://www.seia.org/research-resources/solar-market-insight-report-q2-2023
  • In MarketWatch March 2023 online survey of 1,000 homeowners who had installed solar, 66% of respondents said they had paired an energy storage system with their solar panels. Although less than 10% of residential solar installs have a battery storage system in California. This was due to California NEM 1.0 and NEM 2.0 regulations. https://www.marketwatch.com/guides/solar/solar-energy-statistics/
  • More and more people are looking for energy independence as they have been severely impacted by weather related power outages, increasing utility costs, brown outs and have ongoing concerns about grid reliability.
  • Paladin Power competitive advantages:
  • Lowest cost system on the market when compared to competitors cost per kilowatt (KW) to power an entire home.
  • Easiest system to install in the industry
  • System takes up 80% less space compared to our competitors. See our install video below!
  • Proprietary design, scalable architecture and IoT software platform

2024 Goals

Paladin Power goal is to raise $5 million to increase manufacturing capacity to meet product demand and fulfill LOI agreement with PowerFund1 that could result in $6M to $10M in revenue. Funds will also be used to expand our sales, support and operational team. Read more below about the rest of our goals and milestones for 2024!


The United States has more power outages than any other industrialized nation... and it's getting worse!

In just the first two months of 2024, 2 major storms resulted in 1.2 million residential and commercial properties without electricity. On top of this, North America may face some of the biggest electricity shortages with more than 300 million people in the US and Canada face the growing possibility of electricity shortages beginning as early as 2024 and continuing to 2028 according to New Scientist. New Scientist went on to say "US and Canada may struggle to ensure a reliable electricity supply amid soaring energy demand from the tech industry and electrification of buildings and vehicles."

Major Power Outages Affecting 50,000 Or More People By State:

Electricity Supply & Grid Reliability

The North American Electric Reliability Corporation (NERC) Report in December of 2023 outlines the elevated and high risk areas throughout North America where the supply of electricity is at high risk or elevated risk. There are shortfalls in electricity generation during normal peak conditions in some markets in the United States,

Paladin Power expects ongoing issues with the electricity supply and grid reliability as more coal plants are shut down, increase in electric vehicle adoption accelerates and electricity costs continue to increase, especially in markets such as California.


Executive Summary & Overview

What is Paladin Power Energy Storage System (ESS)?

Paladin Power is the next generation of energy storage system (ESS) that captures solar energy, stores the energy and uses that energy to power your entire home or recharge your electric vehicle (EV).

Paladin Power is unlike any other technology on the market. Paladin Power ESS is scalable for small or large homes, easy to install, easy to operate and can easily be upgraded.

Paladin Power ESS is delivered in a beautiful cabinet about the size of a refrigerator, everything comes pre-wired and pre-programmed and can run completely off-grid when properly sized.

Paladin Power's proprietary IP is in how the system captures the solar energy, stores it and then uses that energy in a way that's never been done before through it's novel innovations in power electronics, software and inverter technologies.

Paladin Power ESS is agnostic to solar panel brand or battery brand allowing the system to be future proof and work with any advancements in new solar panel design or new battery technologies.

Customer Testimonial


Technical Overview

Paladin Power's proprietary technology, form factor and incredible inverter capability gives it a major competitive advantage.

*Paladin Power is battery agnostic and works with many battery partners.

Competitor Products Lack Innovation And Power

Most competitor products can only power a portion of your home. Older technologies are based on past regulations and powering smaller homes often found in Asia or Europe. Paladin Power can power your entire home in a smaller footprint compared to most competitors.

Paladin Power Is Easy To Install

Install Video


Paladin Power IoT Device & Mobile App

In this example, the mobile app shows 17.8 kW of solar energy is captured from solar energy and converted in real-time to power the house, the electric vehicle and charge the batteries, all at the same time. Paladin is unlike most competitive energy storage systems in that our inverter technology can convert solar power in real time to power your house and more.


2023 Milestones

After successfully raising $5M and closing our first crowdfunding campaign in December of 2022, Paladin Power was able to hit many key milestones in 2023.

  • Product manufacturing took less than 1 year despite global supply chain issues
  • In Q4 2023, Paladin Power successfully launched product and has over $1.2M in sales to date.
  • LOI for $30M+ in Power Purchase Agreements (PPA) with PowerFundOne - final agreement is pending higher volume manufacturing
  • Signed Manufacturing Service Agreement (MSA) with JABIL. JABIL is one of the world's largest contract manufacturers and can scale production to match Paladin's growing demand
  • Built amazing software technology:
  • IoT device that allows for remote updates to the system
  • Utility grade monitoring and fleet management
  • Real time customer support data with 300+ data points
  • Customer mobile app on Apple and Android
  • Reprogrammed system and inverters to meet NEM 3.0 requirements in California
  • Overcame global supply chain issues and finalized bill of material (BOM) and resource allocation
  • California NEM 3.0 regulation changes in April of 2023 are driving new demand for Paladin's system
  • Working with division of Lloyds of London to carve out 20 year warranty
  • Expanded upon our key patents for StackBattTM and proprietary inverter technology. StackBattTM technology allows battery cells to be connected without wires and organized into packs providing a smaller system footprint, faster manufacturing and easier deployment of systems.

Examples of Current Paladin Power Installations in 2023 throughout California

Paladin Power Installs

2024 Goals & Milestones

Paladin Power is one of the most advanced technologies on the market with a strong IP position. Now that we've built, tested and installed our systems throughout California, our goal is to scale manufacturing and sales.

Paladin Power goal is to raise $5 million to increase manufacturing capacity to meet product demand and fulfill LOI agreement with PowerFund1 resulting in $6M to $10M in revenue. Funds will also be used to expand our sales, support and operational team.

  • Paladin is working on reducing manufacturing risks and global supply chain issues through our partnership with JABIL, one of the world's largest contract manufactures. The plan is to manufacture in the United States, allowing Paladin Power to qualify for Federal credits from the Inflation Reduction Act. Paladin Power already has a manufacturing service agreement or MSA to begin manufacturing once the funds are in place.
  • Paladin has an LOI for $30M+ in Power Purchase (PPA) financing. This equals about 2,000 units in sales and about $80M in revenue.
  • Recently hired Michael Bennett as CFO who has public market experience. Mr. Bennett's goals are to build out internal controls, prepare audits and financials and support the company in going public. Many factors impact the company going public such as industry conditions, revenue, market timing and many other factors.
  • Direct to consumer demand is being driving by California Net Energy Metering utility regulation changes. NEM 3.0 no longer provides discount on utility for solar install, the result is customers must purchase a battery system like Paladin to get an ROI on their solar system.
  • Paladin recently brought in it's own installation arm to control product installs, quality, timing and support. 
  • Expand our direct to consumer marketing and social media program. $200k marketing budget resulted in over $2M in sales leads and over $1.2M in sales in California alone.
  • Continue to work with California's Self Generation Incentive Program or SGIP. Over $200,000 in Paladin Power sales were tied to the program last year.

Sales Growth

Sales are based on direct sales, PPA sales and distributor sales. Although Paladin Power has been focused on the California market, we are able to deploy systems anywhere in the United States or Puerto Rico. Paladin Power remote software (IoT) makes it easier to scale and provide install and remote support services in any market.

California regulations and energy issues are the perfect market conditions for Paladin Power’s ESS system. Ramping up to 5,000 homes in California is a very small part of the overall housing market, yet this goal alone represents over $225M+ in revenue.

We have two main types of systems, a smaller system that can power smaller homes and a larger system that can power larger homes over 3,000 square feet. We have a blended margin of around 40%.

* Final numbers for 2023 have not been audited. Paladin Power anticipates $800k in sales for 2023. Future sales are not guaranteed.

Although Paladin is only focused on the California market at this time, it can sell and deploy systems anywhere in the United States including Puerto Rico.   California market is one of the top five largest solar markets in the world.


Customer Rebate Example in California

SGIP Example: A recent California customer was able to file for $79,000 rebate from the State of California through the Self Generation Incentive Program or SGIP for their Paladin Power and solar panel system.

Manufacturing & Engineering Support

JABIL - A leader in energy storage manufacturing

To prove out our technology, Paladin Power hired JABIL, top 2 contract manufacturer globally, to analyze and test the Paladin Power system for reliability, manufacturing scale and future design changes. Through this process, Paladin Power signed a manufacturing service agreement (MSA). A key part of our capital raise is to bring on JABIL as our manufacturing partner, providing better margins and manufacturing scale.

JABIL Report On The Reliability Prediction of Paladin Power Inverter Technology. Mean Time Between Failure is 664,599 hours or 75 years.

JABIL Report

$369 Billion Inflation Reduction Act (IRA)

Manufacturing in the USA qualifies Paladin Power for Federal credits through the $369B Inflation Reduction Act (IRA). Inflation Reduction Act (IRA) credits for Paladin Power's inverters will significantly improve margins if we qualify for the IRA tax credit. Competitor energy storage (ESS) products, including low cost, subsidized Chinese inverter technologies do not qualify for the Inflation Reduction Act (IRA).


California Market

California is the one of the world's largest solar market in the world, but due to California’s Net Energy Metering or NEM regulatory changes, the solar industry started to topple in California. This resulted in a large drop in solar panel installs only and a 50% drop in valuation of solar companies. To have an ROI on your solar system, California customers must purchase a battery storage system. The NEM 3.0 changes have left a huge hole in the market for an energy storage system that could offset the majority of power in the home or office - which happens to be Paladin Power's key product feature!

California Net Energy Metering (NEM) Regulations:

Through 2023, most solar installs didn’t include a battery system because regulations incentivized customers through net energy metering (NEM) providing a discount on their electricity bill. All competitor products built technology for NEM regulations with low power solutions and didn’t create a system to offset 100% of the homeowners power. In April 2023, California stopped offering NEM electricity discounts due to the increasing sales and power consumption of electric vehicles. This positions Paladin Power as one of the only systems that can fully offset power and save customers money on their power bill.

California Regulation Changes to NEM 3.0 in April of 2023 are driving demand for Paladin Power's Energy Storage System.

Learn more about NEM 3.0 from Paladin Power's CEO, Ted Thomas:

Investor Summary and Business Model

Paladin Power is a manufacturer of the next generation of energy storage solution for both the residential and commercial markets. The problem with traditional solar energy storage and battery systems is the limitation of inverter technology to power the entire home or office. Paladin Power solves this problem through their proprietary and patented inverter technology which can simultaneously power the house, recharge an electric vehicle and charge batteries all at the same time. Unlike most competitor systems, Paladin system is easy to install and takes up half the storage space. This allows Paladin Power system to be installed quickly and efficiently.

Paladin Power has signed agreements to outsource manufacturing with JABIL, a leading contract manufacturer. Paladin learned early on that supply chain shortages, employee turnover and manufacturing expertise is hard to come by. By outsourcing manufacturing, Paladin can focus on rapid sales growth and building a strong cash flow. Paladin systems run on a proprietary IoT platform, allowing remote updates for any future regulatory or utility changes and remote management of the system in the field. Paladin system is also upgradeable, as the customer ads more solar or consumes more electricity, Paladin Power system can easily be updated with additional inverter power or additional battery storage.


California is the largest solar market in the world, but due to California’s NEM regulatory changes, the solar industry started to topple in California. This resulted in a 50% drop in valuation of solar companies and a huge hole in the market for a system that could offset the majority of power in the home or office.

Through 2023, most solar installs didn’t include a battery system because regulations incentivized customers through net energy metering (NEM) providing a discount on their electricity bill. All competitor products built technology for NEM regulations and didn’t create a system to offset power. In April 2023, California stopped offering NEM electricity discounts due to the increasing sales and power consumption of electric vehicles. This positions Paladin Power as one of the only systems that can fully offset power and save customers money on their power bill.

Product Demand

Paladin Power can be sold directly to customers, financed through power purchase agreements (PPAs) or leased on a recurring revenue model. Currently Paladin has a LOI with a large PPA for $30M (1,500 units with solar) allowing for millions in pre-order sales for customers to purchase a system directly from Paladin. To meet this market demand, Paladin Power needs to scale manufacturing.

In Q4 2023, Paladin Power successfully launched, installing our systems throughout Southern California, marking a significant step forward in our operational growth. This expansion has directly contributed to achieving a milestone of over $1 million in revenue and underscores our strong market demand. We achieved this goal through a $200,000 online marketing campaign, resulting in a 5:1 return on our marketing spend.

Manufacturing

To scale manufacturing, Paladin has been working with JABIL, a leading manufactuer of solar equipment in the world. JABIL has the resources, access to global supply chain and the knowledge to help Paladin Power scale manufacturing. Paladin Power has signed a master manufacturing agreement (MSA) with JABIL. As part of this process, Paladin is working Lloyds of London subsidiary on a 20 year warranty. Both of these partnerships allow Paladin to scale quickly and activate the $30M power purchase agreement (PPA).

New Market Opportunities

There are many other long tail benefits of the Paladin system. If Paladin leases systems directly to customers, Paladin can aggregate and act as a utility grade generation facility and utilize the extra energy storage to sell back to the utilities. As an example, 70 residential installs would represent 1MW of power.

Another market opportunity, any extra battery storage or power can be used to run cryptocurrency miners. Miners can easily be installed inside the Paladin Power system where they are cleanly powered by solar energy.

Another scenario is Paladin system can be connected to EV vehicles providing a vehicle to home connection to power your home from both the Paladin system and from your EV. Future versions of Paladin Power plan to offer off-grid EV charging directly from solar.

Beyond the consumer residential market, future versions of Paladin Power systems can run small commercial facilities or convenience stores providing both lower utility cost and backup power for refrigerators or other services.

IoT Software & Mobile App

Paladin Power has already developed IoT software to remotely manage and update the systems in the field. The system tracks over 300+ variables on each device and assists installers and our own in-house customer support team. The IoT software was put in place after the passage of new Net Metering regulations in California in April of 2023. Due to this change, Paladin software had to be re-written to not only support California's changing regulatory environment, but also other States that have similar regulations. Plus for PPA and leasing programs, the IoT software provides utility grade monitoring and fleet management capabilities. This provides a central system to install, manage and support the systems. Paladin Power's customer mobile app for Android and Apple is already finished and provides customer real time data on their power usage, consumption and status of the Paladin system.

Sales Growth

Sales growth is based on direct sales, PPA sales and distributor sales. Although Paladin Power has been focused on the California market, we are able to deploy systems anywhere in the United States or Puerto Rico. Paladin Power remote software (IoT) makes it easier to scale and provide install and remote support services.

California is a major market opportunity for Paladin Power. California regulations and energy issues are the perfect market conditions for Paladin’s system. Ramping up to 5,000 homes in California is a very small part of the overall market, yet represents over $225M+ in revenue over the next 4 years. We anticipate to scale at a faster rate. Systems are currently installed in customer homes throughout Southern California and it took Paladin most of 2023 to solve supply chain issues and modify the software system to adjust to California's new NEM 3.0 regulatory changes. We've overcome these issues by partnering with JABIL on the manufacturing side and bringing on talented software engineers who have extensive experience working with QUALCOMM and other companies.

* Final numbers for 2023 have not been audited. Paladin Power anticipates $800k in sales for 2023. Future sales are not guaranteed.

Although Paladin is only focused on the California market at this time, it can sell and deploy systems anywhere in the United States including Puerto Rico.   California market is one of the top five largest solar markets in the world.



Want to learn more about the energy storage and utility markets? Read below to see why the move to renewable energy is one of the largest economic shifts in history.

The largest economic shift in history

Goldman Sachs predicts $16 trillion could be invested through 2030 in renewable energy infrastructure.

US Energy Secretary Jennifer Granholm's estimate is even higher: a $23 trillion market by 2030.

According to Kassia Yanosek, a partner at McKinsey & Co. "If more than 70% of current oil and gas demand is replaced by renewables, investment of some $225 trillion is needed-$7 trillion per year between now and 2050."

But even with the billions invested so far... and the trillions that could be invested over the years and decades to come... we can't defend American energy security with a centralized grid.

Whether it comes from the increasing amounts of extreme weather conditions - or from a cyber terrorist attack - a country-wide blackout would be catastrophic; a prolonged collapse of this nation's electrical grid could result in the death of up to 90% of the American population through starvation, disease, and eventual societal collapse.

That's why experts are saying the answer could come from distributed energy resources (DER); instead of building massive centralized generation with lots of expensive wires, build generation and distribution as close to the end markets as possible.

Why? Because as of 2020, the price of residential solar cost the same amount as regular electricity provided by the grid.

By 2027, estimates show that residential solar could cost half as much as the residential grid.

But even if we had solar panels on every home and business in America, it wouldn't solve our growing energy crisis.

As we all know, solar only works if the sun is shining... wind only works when the wind is blowing... and hydro only works if we have enough water (which is becoming an increasingly large problem as of late).

This means it doesn't matter how many renewables we bring online, how many energy efficient appliances we install in our homes, or how many electric vehicles we make...

Without a scalable energy storage solution (ESS), there doesn't seem to be an obvious way to unlock the potential of affordable and renewable energy generation...

And without that, there's little chance of ever achieving true Energy Freedom - the state of having all of our energy needs met, at effectively zero cost - as individuals, as a nation, and as a planet.

Even though utilities are making a significant effort to install "grid-scale" renewables and energy storage...

They simply aren't being built fast enough to deal with the problems we are facing today.

That's why it's no surprise to see the small-scale energy storage market skyrocket; from 13 MW/20MWh in 2017 to 235 MW/540MWh in 2020 (with more than 80% of all small-scale installed in California [source]).

The increase in installations was primarily driven by rising demand for backup power in response to power outages and changes to utility net metering and rate structures; These changes significantly increased the financial benefits of installing energy storage.

Despite the recent supply chain and pricing issues, projects are still being built at record-setting pace and remain on track for exponential growth.

According to Jason Burwen, Vice President for Energy Storage at American Clean Power: "Even in the face of continued macro-economic headwinds, interconnection delays, and lack of proactive federal policy, increasing demand for resilient clean energy and volatility in the price of fuel-based generation will drive energy storage deployment forward."

According to research firm Wood Mackenzie, by 2026, annual installations in the residential segment are expected to hit 2GW/5.4GWh - 10x more than the record setting 2020 - with California, Puerto Rico, Texas, and Florida leading the way.

At today's prices, an energy storage system (ESS) costs ~$1,000 for every kilowatt-hour of storage capacity.

This means 5.4 GWh - which is equal to 5.4 million KWh - would represent ~$5.4 billion in revenue per year.

But in order to meet this growing demand, several major problems still need to be solved

We already know that consumers are interested in both financial savings and the desire for emergency backup; According to the EnergySage Installer Survey, published May 2022...

"As energy storage adoption rates continue to increase nationwide, it's important to track the primary drivers and barriers to greater storage adoption.

Interestingly, while solar shoppers on Energy Sage indicate that financial savings are the primary driver of their interest in energy storage, installers report consumer interest is primarily due to a desire for emergency backup power."

We also know that for the majority of consumers, the upfront cost-per-kWh is the #1 factor when choosing to install rooftop solar + storage.

After upfront costs, the next consideration is how quickly the system will pay for itself and start generating a profit (i.e. the "payback period").

However, the vast majority of residential energy storage systems (ESS) being installed simply aren't big enough to power every circuit in the house, meaningfully lower (or eliminate) electricity costs, charge electric vehicles (EV), or qualify for the best incentive programs and financing options.

Here's why...

The average American household uses about 30 kWh each day, with a projected 4x increase if an EV is added; the typical solar system size has a capacity of around 10kWh, with even less inverter capacity, and most of these systems have no battery. Adding just one EV would require doubling the solar size and adding an ESS that now equals the total consumption which is now over 50kWh. [source]

According to EnergySage, average quoted system sizes ranged from a minimum of 6.7 kW in Louisiana to a maximum of 13.4 kW in the state of Washington.

This means that the average ESS in today's market cannot power every single circuit in the house...

And more importantly, it doesn't have enough power to start many of the major household appliances; the HVAC system, pool pumps and other motor loads.

Seeing as how these larger appliances are the largest loads in any

household - approximately 73% of the total load in residential buildings - they are often critical during extreme weather conditions and emergency situations.

However, in order to even start many of these appliances, the ESS must be able to generate enough power to turn them on (and then keep them running).

When an electric motor is at a full stop, the rotor is "locked." In order to get the rotor moving, it will require ~5x more amperage (amps) than normal - during the first half second- to get it started; this is called locked rotor amps (LRA). [source]

For example, here is the ratings sticker found on a typical AC unit.

This is a 3-ton system. With an LRA of 94 amps, this means it requires 22 KW to start this motor; The Tesla Powerwall comes with 5KW, but rated at .85 Power factor, and only 90% RTE, which translates to an real power output of 3,825 Watts.

In California, for a 5-ton system, LRA is between 137-147 amps; 32KW of required startup power.

To start both at the same time? It would require ~50 KW of power.

The end result? For millions of Americans who already have solar + storage - or are planning to purchase it in the future - they won't have a large enough system to provide true Energy Freedom.

That's why it's crucial for those seeking the best financial savings and strongest energy resilience to get the right system that...

  • combines all of the key enabling technologies made by different manufacturers - the solar panels, batteries, and inverters - into a unified system that can power every single circuit in the house...
  • Is easily serviceable, expandable, and upgradable; adding (or replacing) either more storage or more solar if energy needs change over time...
  • Will continue to operate if an inverter or battery cell fails...
  • And do it in a cost effective manner.

So why hasn't this problem been solved yet?

One of the main reason has to do with the rules and regulations about product certification and safety required by the US Federal Agency, Occupational Safety and Health Administration (OSHA),

The most well known company approved to perform safety testing is the for-profit global safety certification company, Underwriters Laboratories (UL), headquartered in Northbrook, Illinois. [source]

Established in 1894 as the Underwriters' Electrical Bureau (a bureau of the National Board of Fire Underwriters), it was known throughout the 20th century as Underwriters Laboratories; the company participated in the safety analysis of many of that century's new technologies.

Everything needed to build an energy storage system has some sort of UL code that certifies the product under US and Canadian safety standards.

In recent years, installation codes and standards have been updated to address modern energy storage applications which often use new ESS technologies.

These codes and standards have one thing in common: they all require electrochemical ESS to be listed in accordance with UL 9540, the

Standard for Safety of Energy Storage Systems and Equipment, which was first introduced in November 2016.

Why is this important?

The current edition of UL 9540 limits the maximum energy capacity of an individual electrochemical ESS for residential use to 20 kWh (72 MJ). [source]

But as we've already discussed, the average household requires 30 kWh per day, and upward of 120KWh just by adding one electric vehicle.

This means in order to achieve true Energy Freedom, a substantially larger system is required.

In practice, this means consumers typically must purchase multiple components that must be linked together to form a battery of appropriate size and power.

The end result can look something like this; an expensive eyesore that weighs thousands of pounds and takes days to install.

Not only does this configuration require multiple batteries, it also requires all of the other electronic power systems; inverters, sub panels, energy gateways, and anything else needed to properly balance load.

What do you need to build a larger system inside of a single enclosure? The UL 9540A - a more data intensive fire test report that describes the fire and explosion characteristics of the battery ESS - allows for residential ESS systems as large as 80 kWh. [source]

Who Has UL9540A Approved Systems?

Before installers sell to solar shoppers, distributors and manufacturers must first sell to installers.

Although the Tesla Powerwall remains the most widely requested brand by consumers, over half of installers surveyed in the EnergySage Solar Installer Survey: 2021 Results (published March 2022)...

Enphase and Generac are preferred by installers.

However, only the Enphase IQ Battery 3, 10, 3T, and 10T have achieved UL9540A certification.

The C-Rating Problem:

Why These Solutions Don't Work

Here's what most people who purchase solar + storage don't know; in order to qualify for many of the available tax credits, all electricity must first pass through the battery.

  • In order to qualify for the Investment Tax Credit (ITC), at least 75 percent of the energy used on an annual basis to charge the storage device comes only from solar (or other qualifying) technology, for a period of five years. [source]
  • In order to to meet the definition of "qualified solar electric property expenditure" under section 25D(d)(2) of the Internal Revenue Code of 1986 - as amended on March 2, 2018 - 100% of the energy used by the battery must come "from the sun," therefore allowing the 30% tax credit for the energy-storage device. [source]

With this in mind, it's critical to understand something called the "C rating"; defined by the rate of time it takes to charge or discharge a battery.

According to Paladin Power CEO, Ted Thomas...

"If you have a 10kW solar system on your roof, but a C rating of .5, your battery becomes the bottleneck.

You can never charge the battery fast enough to offset the load in the house in real time. This represents a 15% efficiency."

Generally speaking, this means most households would require a battery with a C rating between 1-3 to provide enough energy to continuously power all loads in the building (assuming you have correctly sized solar array and inverters).

If you don't have the right C rating and Inverter, it could permanently damage batteries and the Inverter hardware in your ESS, resulting in thousands of dollars in replacement costs.

The second reason why many ESS systems will not work is due to inverter technology; the leading brand has 7.6 KW of output, weighs hundreds of pounds, and cannot be put into a small compact enclosure.

Introducing: The Paladin Power ESS

The Paladin Power ESS is designed for homeowners who want to power nearly every circuit in a home without compromising their daily lifestyle.

The Paladin Power ESS, when properly sized is able to do this through its groundbreaking stackable battery bussing system, and totally disruptive scalable inverters that require no wiring for adding additional capacity; All components are fully contained inside of a single enclosure.

The Paladin Power ESS solution is Built in America. The standard default configuration is rated for indoor and comes DC Coupled for maximum efficiency, AC coupling is optional.

Assuming the solar panels and inverter capacity is sized correctly, The Paladin Power ESS is ideal for homeowners interested in off-grid applications.

What makes Paladin Power ESS unique?

Unlike other ESS that are designed for less energy-intensive Asian or European markets, the Paladin Power ESS was designed for the power hungry American homes that have largely been built with energy intensive appliances.

To power all of those appliances, we need inverter capacity - and a battery - that can handle the surge of AC/DC charging and discharging.

The Paladin Power ESS was designed with these five requirements in mind.

#1) More Power Per Sq Foot:

The Paladin Power ESS is self-contained in a single, 2 x 3 x 6 ft enclosure. At a 21 kW output, it would take about 4-5 Tesla Powerwalls - along with inverters and space consuming junction boxes and conduit - to produce the same output.

#2) Scalable to Any Size:

Under UL9540A, the Paladin Power ESS can be scaled from 24 kWh to 80 kWh inside the same enclosure; the inverters can be scaled from 5 KW to 21 KW, under the current configuration and up to 42 KW under the newly designed Ver2 coming soon.

Management has indicated that with a small amount of modifications to the enclosure, the current platform can allow a larger capacity of; up to 120 kWh and larger in battery storage and up to 42 kW in inverter power inside a single enclosure, under UL 9540AB

Management is currently in the process of applying for UL9540A.

To increase advertisable battery capacities, requires additional fire safety testing.

Paladin Power can energize the entire EV charging circuit in the electrical panel without any additional wiring.

#3) Faster - and cheaper - to Install:

Current energy storage system technology is heavy; at 130 lbs just for the inverters, it can require 2-3 people to install over the course of several days.

The Paladin Power ESS is mobile enough to be moved and installed by one contractor in 45 minutes; There is no unnecessary conduit, wire, and junction boxes or large wall space required for installation.

In the upper right hand corner of the enclosure, all the contractor has to do is make two connections; "out-to-load" and "in-from-grid."

That's it!

#4) Net-Zero Cost - in year 1 - for Qualified Buyers:

According to EnergySage, it takes ~8.7 years to "break even" on the upfront costs of a residential solar system; even longer if they add the cost of storage. Depending on certain financial incentive programs, qualified

Paladin Power customers can receive $25k-$80k in rebates, additional tax incentives, and immediate savings on electricity bills.

These financial incentives are a critical competitive advantage for Paladin Power.

Keep in mind that all of these rebates are approved under the current design and UL parameters; the current requirements for the SGIP only require UL1741 for the inverter and UL1973 for the battery.

Currently, the SGIP program in California is funded through 2027. However, management believes it will likely continue beyond 2027 as electric vehicle adoption and renewable energy mandates increase.

Risk Disclosures

Investing in private or early-stage offerings (such as Reg A, Reg S, Reg-D, or Reg CF) involves a high degree of risk. Securities sold through these offerings are not publicly traded and, therefore, are illiquid. Additionally, investors will receive restricted stock that is subject to holding period requirements.

Companies seeking capital through these offerings tend to be in earlier stages of development and have not yet been fully tested in the public marketplace. Investing in private or early-stage offerings requires a tolerance for high risk, low liquidity, and a long-term commitment. Investors must be able to afford to lose their entire investment.

Such investment products are not FDIC insured, may lose value, and have no bank guarantee.

See subscription agreement, offer documents, risk disclosures and WeFunder disclosures for full risk disclosures.

Overview