Since its founding five years ago, the company has been doubling its revenues every year and now does $5 million in sales. One reason for that growth is that dense biomass is everywhere. Think about America’s heartland, where corn grows as far as the eye can see. Or California’s Central Valley, where walnuts are a major crop. All those cobs and shells can now be used as the basis for cheap energy. Similarly, startups are generating electricity with the machines in Liberia, and Italian farmers are buying them because that country offers lucrative incentives to produce renewable power. To an Italian farmer, Price said, a PowerPallet is “an ATM machine.”
But the PowerPallets are still relatively simple, at least as far as their users are concerned. For one, thing Price explained, much of the machine is made with plumbing fixtures that are the same everywhere in the world. That means they’re easy to repair.