July 23, 2014 12:34 PM ET

Electrical Equipment

Company Overview of Imergy Power Systems, Inc.

Company Overview

Imergy Power Systems, Inc. is engaged in design, engineering, manufacturing, and marketing stationary energy storage systems using flow battery technology for telecom, banking, railways, highway infrastructure, and defense sectors. It offers redox flow batteries. The company’s products have applications in wireless phone towers, rural ATMs and POS, signaling stations, remote lighting and networking, and forward posts and Remote stations in the United States and internationally. Imergy Power Systems, Inc. was formerly known as Deeya Energy, Inc. and changed its name to Imergy Power Systems, Inc. in December 2013. The company was founded in 2004 and is based in Fremont, California with additio...

48611 Warm Springs Boulevard

Fremont, CA 94539

United States

Founded in 2004

Phone:

510-668-1485

Fax:

510-991-9848

Key Executives for Imergy Power Systems, Inc.

Chief Executive Officer
Age: 61
President and Chief Operating Officer
Age: 53
Chief Financial Officer
Age: 63
Chief Technology Officer and Vice President of Research
Senior Vice President of Business Development - Solar
Age: 54
Compensation as of Fiscal Year 2014.

Imergy Power Systems, Inc. Key Developments

Imergy Power Systems, Inc. Presents at FBR Energy Technology Summit, May-28-2014 02:00 PM

Imergy Power Systems, Inc. Presents at FBR Energy Technology Summit, May-28-2014 02:00 PM. Venue: Grand Hyatt New York, 109 East 42nd Street, Park Avenue at Grand Central, New York, NY 10170, United States. Speakers: John F. Jenkins-Stark, Chief Financial Officer.

Imergy Power Systems and Flextronics to Collaborate on Advanced Energy Storage Solutions

Imergy Power Systems, formerly Deeya Energy has entered into a design services agreement with Flextronics to design modular flow batteries to serve its expanding customer base in the rapidly growing market for energy storage. The two companies are also considering expanding their relationship to include a manufacturing agreement for the flow batteries. The partnership, one of the first steps in a new global expansion strategy for Imergy Power, will help Imergy accelerate its product pipeline, develop and market a wider variety of products and lower overall costs. The first product from the Imergy/Flextronics collaboration will be a 5kilowatt/30 kilowatt hour system for telecom, hybrid and residential applications to be available in the second quarter of 2014. Utilizing the company's proprietary Vanadium electrolyte, Imergy has a path to less than $300 per kilowatt hour energy storage products by 2015. In contrast, lithium ion batteries cost $1,200 per kilowatt hour. In parallel, Imergy is working on its next product, a 250 kilowatt system targeting distribution grid applications including microgrid and integrated Photovoltaic solutions, which is slated for introduction in October 2014. Imergy's products will drive the lowest cost energy storage systems available to these markets.

IMERGY Power Systems Announces Management Changes

IMERGY Power Systems announced that Bill Watkins has become CEO and will lead a new management team as Imergy Power embarks on a major expansion strategy. Most recently, he served as the CEO at LED technology provider Bridgelux and CEO of Seagate Technology. Tim Hennessy, Executive Vice President of Sales & Marketing, most recently served as president of Prudent Energy and CEO of VRB Power Systems. Jack Jenkins-Stark, CFO, was previously the CFO of solar developer BrightSource Energy and prior to that CFO of Silicon Valley Bank.

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