Electric Truck, LLC / Harvest NRG, Inc. (ET)

Translating vibration, bumps and mot...


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Key Features

Emissionless and non-harzardous electric power can be supplied locally and cost effectively, minimizing the need for bringing electric power to the site.

System components - this is not exotic technology made of relatively unknown or new materials. Power is created by traditional electrical engineering methods using common materials. The designs are what differentiate the technology.

About the Business and Team

When Woody Neeley (co-founder of ET with Sonny Carri) worked in the electric vehicle industry in CA, he noticed that Los Angeles roads were not the smoothest. He thought that a lot of power could be available from the vibration, bumps, and motion experienced by a vehicle's suspension, and that possibly an electric generator could be adapted to fit vehicle suspensions and feed back power generated to the battery pack of a hybrid (HEV) or electric vehicle (EV). Many years later, as  HEVs and EVs became more mainstream, he decided to see if anyone had patented the idea. A university had, and had done a thorough job of researching and developing such a device. Eventually, the university allowed ET to work with them.

At present ET consists of:

Robert Hughes – Consultant, acting as Director of Sales & Marketing
Robert is a Detroit, MI-based Sales, Marketing, and Business Development professional with extensive experience in sales management, new customer development, and marketing in the automotive driveline, chassis, and power train sectors.  He has a track record of contributing to company strategy, profitable revenue growth, and exploitation of market opportunities. Robert has excellent relationship building and negotiating abilities, and strong communication skills along with a unique blend of business acumen and technical knowledge.  In past roles, he managed existing business for automotive suppliers working with General Motors, Nissan, and Chrysler and business development activities calling on Toyota, Hyundai, BMW, Daimler, Navistar, and Mack Trucks. He led pricing negotiations and conclusion of long term supply agreements, and was responsible for development and maintenance of key customer long range product plans.  Robert’s areas of responsibility included Commercial Vehicle, Worldwide Programs and Passenger Car segment sales and marketing.  Robert holds an MBA / General Business Management, from Indiana University, and a BSME from the University of Louisville.

Woody Neeley – Founder, acting as Chief Technology Officer (CTO)
Woody holds a BS in Electrical Engineering from Syracuse University and worked as an electrical engineer for 5 years in power applications before becoming a start-up participant in the EV industry in California in the early 1990’s. Since 1997, he has held financial IT or consulting roles with PricewaterhouseCoopers (PwC), Accenture, Bank of America, Deutsche Bank, Bankers Trust, Lehman Brothers, Citigroup, Tudor Investment Corp., and FNMA. At Reuters, he was a Technical Account Manager (Sales Engineer) to CNBC, Standard & Poor's, Yahoo, and PwC.

At Bank of America, he won a Most Valuable Peers Award for outstanding service.

More recently at PwC, he worked within the Financial Advisory Services practice as a senior business analyst / project manager, where he won a “Bull Market Idea” contest award for outstanding ideas for new lines of consulting services for PwC. He was awarded for suggesting an alternative energy technologies consulting practice, and two other ideas were elected and reviewed for new line of service practices for PwC. 

His interest in EVs dates from when he was in high school, and he has experience with EV design, prototyping, fabrication, and testing. In the past, he worked as Vice President of Program Development / Program Manager for two CALSTART (see http://www.calstart.org/) member firms.  At CALSTART, Woody worked with designer Nick Pugh’s Xeno Automotive which created the Xeno III natural gas powered high performance concept car (see http://nickpugh.com/nicks_content/nickpugh/xeno_III/index.asp) and Iwon Motronics, creator and designer of the state-of-the-art electric motor and controller used in the Aerovironment / Amerigon / CALSTART Showcase Electric Vehicle (SEV). Some SEV history is described at http://www.lgicommunications.com/corporate/sscorporate/ssAmerigon.htm, and the SEV was featured in Motor Trend.

Woody has been an officer in three electric vehicle-related start-up companies, and has consulted to or been employed by three other start-up firms (IT or AI-related, HAVO, Core Technology Partners, LLC, and Novamente LLC).

Quick Pitch

Technology and Company:
Electric Truck, LLC / Harvest NRG, Inc. (“ET”) was founded to develop and market unique patented or patents pending university-developed energy harvesting technologies.
ET licensed or controls exclusive worldwide rights to the technologies for vehicle, rail, maritime, and some stationary use.

The technologies convert the vibration, bumps, motion, and force experienced by roadways, buildings, bridges, the suspensions of vehicles, trains, train rail flexing, docks or ships into electric power. Energy usage by switches, lighting, or electric propulsion in railway systems or subways can be reduced. The technology also has applications for recovering power from skyscraper building balance movement, elevators, and HVAC machinery, engine mounts, or rotor vibration.

This additional power provides energy savings of an estimated 1 - 9% in all applications, and all electric power created by this technology is created without chemical hazards or emissions.

In June of 2010, ET was awarded a grant from Connecticut’s Office of Energy Policy Management. In 2010, 2011, and 2012, ET was designated a "Company to Watch" by the Connecticut Technology Council, and the railway energy harvesting work we helped fund was selected for the award of Best Application of Energy Harvesting at the November Energy Harvesting USA 2012 conference. Our lead University technologist won a R&D 100 Award by R&D Magazine in 2011 and was the Winner of Best Technology Development of Energy Harvesting by IDTechEx in 2010. See recent news here

ET believes that larger amounts of energy recovery (3 times current design) are possible with newer designs (currently in process). The technology can be used in tandem with regenerative braking technologies currently used in subway systems and hybrid and electric vehicles.

Markets, Strategies, and Products for the Technologies:
"In 2009, the energy-harvesting market was US$611 million, but over the next decade, those numbers are expected to jump to more than US$4 billion, according to Energy Harvesting Journal. The reason for the boom? "You have a way of generating electricity from ambient sources, without worrying about replacing the harvester the way you would worry about replacing a battery," says Harry Zervos, PhD, technology analyst at IDTechEx”.

The technology can save one large truck over $4,000 a year in fuel (over 2 million Class 8 trucks logged 139.3 billion miles in 2006, using 7 billion gallons of fuel), and generate kilowatts per mile of railroad track a day. In the New York City Metropolitan Transit Authority (MTA) system, the subway car fleet traveled 342.5 million miles in 2007. Theoretically, fully deployed, we estimate that over 30 kW could be generated per rail or subway car per day via these technologies. With 4,323 subway cars operating in New York City, a power potential of over 129 MW per day (consider - this as just one urban rail system). One application (couplings) could reduce annual rail car lighting costs by 5% to 7.6%, saving $1.7M to over $4M / year (save $5.1M - $12M in 3 years).

One University values the auto related technology at $6.4B and rail related technologies at over $900M (estimate over 10 - 15 years).

ET has Intellectual Property (IP) sublicensing arrangements of the technology as the core business and the “first generation of products,” while ET develops proprietary products / IP for second generation products and licensing.

Funding Needed:
$50k - 100k. May or may not need additional capital based on this quarter's outcome with prospects. Business plans and presentations available.

Key Personnel:
Woody Neeley – founder, acting CTO / Business Development, B.S. in Electrical Engineering from Syracuse University, PMP, 203 832 7993 cel wth texting
Robert Hughes – consultant, acting as Director of Sales & Marketing, MBA / General Business Management, from Indiana University, and a BSME from the University of Louisville >>

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