Innovus Power

Innovus Power offers On-site Microgrid Power Systems with its proprietary GridGenius control system at its core. Customers can have affordable, eco-friendly, and reliable electricity for communities, businesses, and government sites. Innovus microgrids can be utility grid tied or fully independent.

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Security Type
Common Stock
Min Investment
$99
Offering Date
October 16, 2024
Expected Close Date
December 14, 2024
Target Raise
$1.20M
Security Price
$0.15
Valuation
$14,899,649

Management Team / Advisory Board Bios

Marc Hoffman
CEO
Marc has been a Sr. Executive, CEO, and President for a number of Private Equity funded companies since 1998. In 2013, Marc founded Innovus Power. In his prior CEO position at Glacier Bay, he led the launch and growth of the company’s primary product to a top market position in less than 2 years. During this same period, Glacier Bay was recognized as one of INC Magazine’s Top 500 North American growth companies in 2009 finishing 99th overall and 4th among Energy Tech companies. Prior to moving into Private Equity owned businesses, Marc was the VP of Manufacturing for AlliedSignal Aerospace and VP of Operations for their Aircraft Engine business. He spent his early career at GE rising to an executive position at GE Power Generation. Marc attended Cornell University and graduated with a BS in Material Science Engineering.


John McCall
Chief Engineer
John McCall has been designing and simulating power systems since 2005. He has played a critical role on Innovus Power’s engineering team since the company’s founding in 2013. John has been the company leader in both product development and microgrid design simulation efforts. John began his career at Glacier Bay, where he was central to the development of innovative diesel-electric & hybrid drive systems for the marine market and variable speed diesel generators for marine, industrial, transportation, and defense applications. John then went on to develop hydraulic pressure recovery turbine generators for the desalination and oil & gas industries at Energy Recovery Inc. as well as developing advanced computer models of both PV and concentrated solar systems with storage for Edisun Heliostats. John holds a Bachelor of Engineering from Thayer School of Engineering at Dartmouth College.



Rich Bailey
Head of Sales and Business Development

Richard Bailey has held numerous positions of increasing responsibility in engineering, project management, customer service, marketing, sales, business development, general management and executive leadership. He worked at General Electric in Business Development, and then as General Manager, led the global marketing and sales team for GE aero derivative gas turbines. He led the power generation business at Rolls-Royce Energy as Executive Vice President. Rich also served as Chief Operating Officer for Global Energy, Inc. an independent project developer, owner and operator focusing on the use of renewable feedstock for energy production using gasification technology. Further experience in renewable energy was added to his resume as General Manager BP Solar, Director of Sales and Marketing for Siliken USA and as Chief Sales Officer for Melink Corporation. Rich is a Mechanical Engineer and earned an MBA in Finance.
Amount Raised : $159,823
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