Arista Power, Inc. engages in developing, supplying, and integrating custom-designed power management systems. The company also supplies, designs, and installs solar energy systems.
The company’s patent-pending Power on Demand system utilizes inputs from multiple energy sources, including solar, wind, fuel cells, generators, and the grid, in conjunction with a custom-designed battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce ele...
Arista Power, Inc. engages in developing, supplying, and integrating custom-designed power management systems. The company also supplies, designs, and installs solar energy systems.
The company’s patent-pending Power on Demand system utilizes inputs from multiple energy sources, including solar, wind, fuel cells, generators, and the grid, in conjunction with a custom-designed battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce electricity costs for large energy users.
Products
The company’s primary products are as follows:
Power on Demand system: The company’s Power on Demand system is a proprietary, patent-pending energy storage and management system that lowers a customer’s peak electricity demand, thereby reducing the customer’s electricity costs. The system utilizes energy inputs from multiple sources integrated with a custom-designed energy storage device to reduce grid demand and provide power when a customer’s power loads are high. The energy can be generated from renewable sources, such as solar and wind, and also from fuel cells, generators, and from the grid itself, depending on the available energy resources at a given site.
Solar PV systems: The company designs, supplies, and installs solar PV panels either as a stand-alone system or integrated with its other products.
Strategy
The company’s strategy is to develop, market, and sell energy efficient products that focus primarily on the management and distribution of energy, including renewable energy, and that provide attractive returns on investment for customers in the commercial, military, residential, and industrial space. The company intends to use its expertise in power distribution, power management, alternative and renewable energy, and energy storage to combine its proprietary patent-pending energy storage and management systems with solar PV systems, fuel cells, generators and/or the electric grid to become a market leader in the power distribution and renewable energy industries.
Intellectual Property
Patents: The company has two patent applications in the United States and one in Europe relating to its Energy Storage and Power Management System. In addition, the company owns U.S. Patent No. 6,655,907 entitled ‘Fluid Driven Vacuum Enhanced Generator’, which relates to its WindTamer turbines. This patent was issued in December 2003, was assigned to the company and expires in 2022.
The company also owns U.S. Design Patent No. D608,736 entitled ‘Diffuser for a Wind Turbine,’ which was issued in January 2010. This patent protects the design of the company’s wind turbine diffuser. This patent will expire in 2024. The company also has received corresponding design patents in Mexico and Canada.
Research and Development
The company’s research and development activities focus on testing and enhancing its Power on Demand systems and its micro-grid technology. Its research and development expenses for the year ended December 31, 2013 included $378,000.
History
The company was incorporated in New York in 2001 under the name Future Energy Solutions, Inc. In 2008, the company changed its name to WindTamer Corporation. Further, the company changed its name to Arista Power, Inc. in 2011.