Relevant Power Solutions Company Profile

Background

Overview

Relevant Power Solutions (RPS) is a diversified power company specializing in the design, engineering, packaging, installation, and operation of mobile gas turbine packages for the power generation and gas compression markets. Established in 2017 and headquartered in Houston, Texas, RPS offers comprehensive services, including operations and maintenance, fuel and tank cleaning, asset management, refurbishment, third-party packaging, testing, spare parts, and field services.

Mission and Vision

RPS is committed to delivering innovative and value-enhancing solutions to facilitate the growth and success of its customers. The company emphasizes providing employees with opportunities for self-expression and growth while protecting the environment and communities through sustainable practices.

Industry Significance

Operating in the power generation sector, RPS plays a crucial role in providing reliable and efficient energy solutions, particularly in remote and challenging locations. The company's expertise in mobile gas turbine packages and comprehensive service offerings positions it as a significant player in the industry.

Key Strategic Focus

Core Objectives

RPS aims to deliver cutting-edge power and turbomachinery solutions tailored to meet the near and long-term goals of its clients without driving up costs. The company focuses on reliability, robustness, and sustainability in its product designs and services.

Areas of Specialization

RPS specializes in mobile gas turbine packages, offering capacities ranging from 17.4 to 44 Megawatts. The company also provides a variety of power plant equipment, including power and auxiliary transformers, switchgear, circuit breakers, and compressed air systems.

Key Technologies Utilized

RPS employs advanced engineering and packaging techniques to design and test gas turbine packages. The company utilizes a 12-acre facility in Houston, Texas, equipped with testing capabilities for units using liquid and gas fuels and water, as well as a 45 MW load bank for full-load testing.

Primary Markets Targeted

RPS primarily serves the power generation and gas compression markets, focusing on providing solutions for remote and challenging locations. The company's products and services are designed to meet the needs of clients in these sectors, ensuring operational efficiency and reliability.

Financials and Funding

Funding History

As a privately held company, RPS has secured funding from investors such as LKCM Headwater Investments. Specific details regarding total funds raised and recent funding rounds are not publicly disclosed.

Utilization of Capital

The capital raised has been utilized to support RPS's operations, including the design, engineering, packaging, and testing of gas turbine packages, as well as the expansion of its service offerings in operations and maintenance, asset management, and field services.

Pipeline Development

Key Pipeline Candidates

RPS is developing the M170 gas turbine, aiming to maximize operational efficiency and profitability for clients. The company has also launched the M35 gas turbine, which eliminates the need for cranes or forklifts, making it easily transportable.

Stages of Development

The M35 gas turbine has been launched and is operational, while the M170 gas turbine is in the development phase, with anticipated milestones to be announced upon completion.

Target Conditions

Both gas turbines are designed to meet the needs of clients in the power generation and gas compression markets, particularly in remote and challenging locations.

Anticipated Milestones

Specific timelines for the M170 gas turbine's development milestones have not been publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

RPS has filed four patents related to electrical generators, energy conversion, and engine technology, reflecting its commitment to innovation in the power generation sector.

Significant Scientific Methods

The company employs advanced engineering and packaging techniques, utilizing a 12-acre facility in Houston, Texas, equipped with testing capabilities for units using liquid and gas fuels and water, as well as a 45 MW load bank for full-load testing.

Leadership Team

Richard Wolf – Chief Executive Officer/Founder

With over 30 years of experience in the power generation industry, Richard holds a BS in Industrial Distribution from Texas A&M University and has served in various project management leadership roles with Stewart & Stevenson and GE Power. He has been RPS's CEO since its founding.

Jeff Seldenrust – Chief Technology Officer/Founder

Jeff possesses more than 30 years of experience in the power generation industry, holding BS and MS degrees in Mechanical Engineering from Texas A&M University. He co-founded S&W Energy Solutions Inc. and was the manager of the Balance of Plant group for GE Energy Products. He has been RPS's CTO since its founding.

Ed Long – Chief Financial Officer

Ed has over 35 years of financial and operational experience in senior leadership and consulting roles, including public accounting with Arthur Anderson and as head of commercial finance for GE Power's global sales group.

Rusty Bonnett – Vice President, Global Operations

With more than 30 years in the power industry, Rusty has held roles ranging from Instrumentation and Control Technician to project management, managing 45 project managers for projects ranging from equipment supply to turnkey EPC. He managed GE Aero's global execution team for seven years.

Harley Ross – Vice President, Engineering

Harley has over 37 years of experience in the power generation industry, focusing mainly on packaging gas turbines and complete balance of plant engineering. He previously served as the Chief Engineer for GE Energy, Power & Water, leading the development of several new gas turbine product lines.

Market Insights and Competitor Profile

The power generation sector is characterized by a growing demand for reliable and efficient energy solutions, particularly in remote and challenging locations. Companies like RPS that offer mobile gas turbine packages and comprehensive service offerings are well-positioned to meet this demand.

Key competitors in the mobile gas turbine and power generation services market include EthosEnergy, PDC Machines, and Agar Corporation. These companies offer similar services and products, contributing to a competitive landscape.

RPS differentiates itself through its focus on reliability, robustness, and sustainability in its product designs and services. The company's extensive experience and comprehensive service offerings enable it to effectively compete in the power generation sector.

Strategic Collaborations and Opportunities

RPS has secured funding from investors such as LKCM Headwater Investments, which supports its operations and growth initiatives. Specific details regarding other strategic collaborations and partnerships are not publicly disclosed.

The company is positioned for growth and expansion, driven by its mission to address environmental concerns with better emissions control and cater to the evolving needs of data centers and fracking sites with value-driven solutions. The launch of the M170 gas turbine is expected to help maximize operational efficiency and profitability.