Topic: This company won Best Energy Efficient Product at the International Builder’s Show. This company won Best Home Technology Product. And this company won Overall Best In Show. Join James and Jim as they talk to Jim about this amazing product.
Guest: Jim Warren, Co-Founder and Inventor of Enginuity Power Systems
3 Points for Success – Jim Warren:
- If you have an idea, never give up on it.
- Listen to the people around you. The most important thing is to listen to people and you’ll never know what you’re going to learn.
- Be nice to everybody you work with. And projects will move forward faster than you could possibly imagine.
James [00:00:00] All right. Who doesn’t love to win an award? Hi, it’s James Carey and you’re tuned in to CareyBrosPros Brother Morris away for the day. Yes, he is my brother. And yes, we are pro contractors, so we win an award from time to time. Maybe it’s a kitchen or bath design, or maybe it’s an accomplishment on a local level or a national level. We’re proud to display our awards and we work hard for them and we’re certain that you do, too. Well, I will tell you, our next guest accomplished a trifecta at the International Builders Show. That’s the annual home builder event to where the latest and greatest in building products and technology are showcased. This company won best energy efficient product. This company won best home technology product. And if that wasn’t enough. This company won overall best in show, the company on Genuity Power Systems. And we are joined on CareyBrosPros by its co-founder and inventor. He is Jim Warren. Jim, welcome to CareyBrosPros.
Jim [00:01:25] Thanks, James. Great to be here. Thanks for having me on.
James [00:01:28] How did you pull that off, dude? Who do you have to choose? There must have been a lot of check riding there.
Jim [00:01:35] We were convinced that it was some sort of insider game and there was no way that we were ever going to win it. Turns out that the 28 judges, all professionals within the building industry, all with decades of experience. And I promise you that all the awards that you care brothers have won, you were never as surprised as we were to win best in show.
James [00:01:59] Well, all I have to say is congratulations. And I am certain that you are most deserving. And we know as an inventor and as someone who has a passion for what he does, who has an idea and who has mortgaged himself to the absolute hill, that anything that you get in return for your ambition, for your energy, for your risk, for your passion is well-deserved. Congratulations.
Jim [00:02:33] Thank you so much. It’s interesting to see if anybody out there has a great idea. And everybody’s going to have at least one great idea in their life to do something with it and move on it and whatever happens. Never give up, ever. We’ve been working at this for a long time. And the interesting part is we were working in a vacuum because when you’re doing something that’s really new, like our combined heat and power system, there’s no way that you can really check and see if it’s going to be accepted. You’re you know, you’re working by yourself. So we knew we would like to have one. But to get the response that we did at the International Builders Show was just absolutely mind boggling.
James [00:03:12] All right. So let’s back up for a moment, Jim. We’ve talked about all these wonderful awards. Let’s share with our pro audience what Arne Genuity Power Systems is and in specific, that’s in general and in specific your micro combined heat and power product.
Jim [00:03:31] Right. To put it in context. I think the best way to describe it is it’s a water heater like a conventional gas water heater that happens to make all the electricity for your home. That’s the simplest way to understand it. Wow. And it does that. That’s what the judges said. That’s the word. Wow.
James [00:03:51] This could be a real game changer for the American homeowner.
Jim [00:03:55] Yeah, it’s whatever perspective you look at it from, James, whether it’s the green technology aspect, it cuts your home’s carbon footprint by 50 percent the day you install it. That really is every time you install one is it has the effect of basically taking a car off the road.
Jim [00:04:13] Yeah, it’s I mean, from an emissions standpoint. And how many green products save you money today? You install it, you no longer have an electricity bill. Now, I’m assuming I’m assuming that’s a pretty good sales point that you can be green and save money at the same time as kind of a rare combination.
James [00:04:31] Yes, it is. How did you conceive of this?
James [00:04:36] So let’s let’s paint a picture, because I am at your Web site on Genuity Power Systems dot com. And I am looking at an image and I know you have a YouTube video and we want to invite our pro audience to check this all out, but paint a picture of the size of this and you know, and take us right through how it becomes part of one of their projects.
Jim [00:04:59] Okay. Well, any home that that you build, if you have a natural gas line, considering the you know, the circumstances and the natural gas field, you would want to have a gas fired water heater is just going to be less expensive than anything else. So you have a gas fired water heater, which basically consists of a burner which lights the gas on fire and pushes it through a tube which heats the water that’s in the tank instead of just doing that. We run the gas through our ultra high efficiency gas generator first and then use the exhaust from the generator to heat the water. It is that simple. And like every good thing, it is simple. It’s a simple process and it’s extremely effective. So for a marginal increase in your gas bill, somewhere around 5 to 10 percent, you get all the electricity for your home too.
James [00:05:53] Does this OK? I have so many questions. So that’s what the judges said. Yeah, that is OK. So. So I see that.
James [00:06:03] So it’s a water heater and it is a power generator.
Jim [00:06:07] Right.
James [00:06:08] OK, so can this be retrofit into existing construction, yes or no?
Jim [00:06:14] Yes. That was one of the key design elements that we wanted to have, was not just to make it able to be retrofitted, but to make it easy to retrofit. In other words, it uses the same sentiments, the same plug ins, the same exhaust that’s already there for the those gas water heater that you had previously. The same gas lines in the same water lines. The idea is it should be an appliance like any appliance. You know, when you want a new one, it doesn’t take three weeks to install it. It installs in a day. It’s just in the same place where the old appliance was doing differences. It does more than the previous appliance did, Jim, compared to the size.
James [00:06:54] Let’s paint a picture here. Compare it to the size of, let’s say, a 75 gallon tank style water heater. What’s the profile by comparison? The footprint.
Jim [00:07:05] The comparison is it’s a slightly different shape. That’s a slightly different shape. But it’s about maybe a foot and a half taller than whatever size tank you had in before. That’s your biggest difference.
Jim [00:07:19] That’s about a foot. If you had a 75 gallon tank, it’s the exact same shape as the same footprint. It uses the same statements, but it is a little bit taller.
James [00:07:29] Okay. Now, let’s say I got so many questions. OK. We see a lot of people going from a tank style water heater to a tankless unit because there’s no standing pilot. And they can have it’s sized right turn based on the ground temperature that the water temperature coming in and the number bathrooms and all that, the JPM, that they can have an endless supply of hot water. Would this be more akin to a tank style water heater where there is a limit to the amount of hot water? Or is there something about this technology that provides an almost endless supply of hot water?
Jim [00:08:13] It’s not endless. I mean, there are there are that one singular advantage to the tankless style has. That’s a great question, by the way, because that is the first thing people think of. There is a limit based on your tank size, you know, but you’re endless. You know, you’re you’re Renai endless water.
James [00:08:31] Right. Right.
Jim [00:08:32] Is a it uses a lot of fuel to heat that water since a lot of gas. And B, it’s not making any electricity for you.
James [00:08:42] Right. Right, right.
Jim [00:08:43] It’s not never going to change your you know, your your bill profile.
James [00:08:47] Well, for those of us who have teenagers, the fact that it’s not supply hot water is, as far as we’re concerned, a benefit.
Jim [00:08:54] OK. They got to get out eventually. Right.
James [00:08:59] I got another question. When you go to install a tankless unit, if you have a traditional tank style, often that requires upsizing the gas line, which can make the installed product pretty aggressive. Do you mind that the gas line for your product needs to be increased?
Jim [00:09:20] No, no. James, that was another one of the design parameters that we worked on was making sure that no matter what size pipe you had, you could just swap it out. You just swap the units out and it would function perfectly. It uses very little gas to accomplish both the heating of the hot water and the production of the electricity for the home.
James [00:09:40] Amazing. Okay. Now then the next question that’s questioned, by the way, Jim, question seven of 200. I got five. And you’re doing just great if you’re just joining us, by the way, for our podcast.
James [00:09:55] This is James Carey sitting in for both brothers with both hands, by the way, tied behind my back. But fear not, because our guest can rival anything that either of us would normally have to share. He’s Jim Warren. He’s an inventor and the co-founder of on Genuity Power Systems. And they’ve won more awards than Carter has those little liver pills, you know, specifically. Winner of best energy efficient product. Winner of the best home technology product and winner of the overall best in show at the National Association of Home Builders, International Builders Show.
James [00:10:31] OK, Jim. Next question. Do I throw the baby out with the bath water and not consider solar on my roof for.
Jim [00:10:42] Does this device then prevent the need to have traditional photo voltaic? Or do they want to play together?
James [00:10:54] They want to play together. We see we see this as part of the puzzle. If you’ve got solar, you should. A small solar array on your roof. And then this system actually plugs into your solar system. They actually work very well together. They’re complementary. Just a little bit a little bit of background. The electricity that comes out of your socket. It was produced a couple hundred miles away. And by the time it gets to your socket, it’s lost 65, maybe even 70 percent of the available energy in whatever. They created the energy atom. We are 90 plus percent efficient because we’re making the power right where you need a change. We’re actually 90 plus percent efficient. We see solar as a terrific way to pick up that last 8 or 10 percent.
James [00:11:42] Wow. Wow. That’s just the reverse of what one would normally expect. They’d have the solar is 90 percent with, you know, 10 percent out of pocket. Maybe if they haven’t oversize their system, that’s the key.
Jim [00:11:57] You can go with the smalls as much smaller solar array because you might as well get it. That’s effectively free, but you don’t need to power your whole home because in the course of heating your water, you’re making 30 kilowatts of power a day, which is what the average twenty five hundred square foot home uses.
James [00:12:15] You got to my next question. You’re talking about 30 kilowatt hours per day. That’s pretty darn good. That’s pretty darn good. I have a big thirteen point three three kilowatt hour system and I’m producing in the best of days 80 kilowatt hours per day, maybe 20 or so when it’s off peak. So I can do about, I think, 20000 kilowatt hours per year with my system. Yeah, I’ve got it. So it’s about my my true up is a is pennies on the dollar compared to what I used to have. So the idea of having my own power plant in place of an existing water heaters quite appealing. And I’m going to guess that it’s quite appealing to folks listening builders who want to integrate this in or architects and designers who are ultra sensitive, super sensitive about the appearance of their installed product and that they don’t like the idea depending upon the orientation of the custom home or the homes that they’re building, where the solar panels diminish the curb appeal of their installed product. You solved that!
Jim [00:13:37] We’d like to think so. Be the response from builders from the builders show has been incredible changed. We have time. Women really stop to count on, but at least 20000 where the you know, the letters and e-mails just keep on coming in. We need fifteen hundred for this project. We need twenty two thousand for this project.
James [00:13:58] Wait a minute. You know, the smaller builders, the swamp ones and ones and twos. Wait a minute, Jim. That’s 20000.
Jim [00:14:04] One less. OK. As much as my coworkers will be glad to tell you, I’m not much on the math.
James [00:14:12] Yeah, no problem. Listen, are you in production? Is the. And we let’s name names. The product is the micro C H P system. Yes.
Jim [00:14:23] Yes. Micro combined heat power system. Yes. And we are working with working with some OEMs, seeing if we can come to agreement on production. And so the response from the builders has been key to that because, you know, showing that a company like Pulte Homes wants fifteen hundred of them. Yeah. Definitely accelerates that project.
James [00:14:42] Well, listen, this is Ed.. This is a sales benefit. I mean, this is this is a no brainer. Not in production yet. Not.
Jim [00:14:50] Not it’s not in production yet.
James [00:14:51] Well, you have your prototype. You have your science. See, you have your testing. Now you have an overwhelming response from the builder community. And now I have every expectation that you’re going to be in production. And the next time we chat, it will be from your own private island somewhere in the Caribbean.
Jim [00:15:12] Oh, I wish it worked like that! How great would that be? You could just do it. We’ll do your podcast from there, James. Listen, I’m going to write it down.
James [00:15:19] I’m going to give you the hook now because he’s taken over my show. All right. We’ve talked about everything else, but I’m sure that our pro audience, Jim, wants to know what the cost of the product will be. It has even crossed my mind because I see so much benefit and I sell we sell in our company value. And I see this as a value sell. I see it as the gift that keeps on giving. But nonetheless, we have to integrate the cost in to our total package. What’s what’s the micro CHP gonna run your pricing it at about eighty nine.
Jim [00:15:59] Hundred dollars a unit, we’re looking at the backyard generator market and for a really good backyard generator, that’s never going to pay you back. That’s probably about the capital expense you look at. So we just targeted that and we think that it’s got a probably a four to six year payback. And then after that, you’re making money.
James [00:16:18] Yeah. And I see from your Web site that it’s built to last for 40000 hours or about 20 years under normal conditions.
Jim [00:16:25] So a 20 year stainless steel tank, high quality stainless steel tank with electric anodes. And you’re looking at about a 20 year lifespan. So once it pays itself off, you are truly making money.
James [00:16:38] I like that. So you may know that as part of our Kerry Breaux’s prose podcast, we invite our guests to share what we call three points for success. This is attitude. This is best practices. It could be related to your product in general. What are the three bits of wisdom that you would like to leave with our pro audience.
Jim [00:17:08] Well first if you have an idea, never give up on it. That’s number one. Secondly, listen to the people around you. The actual concept for the combined heat and power. I’d love to take credit for it, but it came from one of our board members. I just design just designed the engine. He actually came with with the entire concept sketched out. And the most important thing is to listen to people and you’ll never know what you’re going to learn. And then the third thing is be nice to everybody you work with. I couldn’t tell you. That’s the hardest one sometimes.
James [00:17:42] Boy.
Jim [00:17:43] Be nice to be nice to the people that you work with. And projects will move forward faster than you could possibly imagine.
James [00:17:50] Great advice. Our thanks to Jim Moore and with on Judy Power Systems. Thanks, Jim, for spending time with us on this episode of CareyBrosPros. And you may learn more about Jim. His organization, the Micro CHP, HP, just amazing. We’ve just scratched the surface. There’s lots of terrific information there. Images, videos and more. Just visit the Web site at on Genuity. Power systems dot com. And we will have a link at our Web site as well. And if you’re looking for information about any of our guests, as well as other podcast videos and articles, we invite you to check all of them out at our Web site. It is Carrie Brose Pros. Dot com.
Jim [00:18:42] Thanks James.