Independence Power Holdings is an early-stage energy technology company deploying battery energy storage systems (BESS) at oil and gas compression stations in the Permian Basin. The core problem Independence Power solves is unplanned outages at diesel and natural gas generators, which power most Permian Basin oilfield sites — roughly two-thirds of which have no grid connection, with multi-year timelines to expand transmission capacity. When a genset shuts down, the restart cool-down can run up to nine hours, disrupting compression and impairing production. Independence Power's BESS units provide fast-response backup power to keep compression running through outages and dampen voltage fluctuations in generator-based microgrids. The company pursues a Power-as-a-Service (PaaS) model: rather than selling hardware, Independence Power earns revenue through software licenses, subscriptions, and performance-based fees tied to its proprietary Software Platform, which governs charge/discharge behavior, monitors performance in real time, and meters energy flows. The business is asset-light by design — BESS hardware is owned by an affiliated cooperative, while Independence Power focuses on the software and data layer. Near-term revenue comes from an Asset Management Agreement covering a fleet of 101 BESS units. As of late 2025, Independence Power had five full-time employees, units staged but not yet fully deployed to end-user sites, and no material commercial revenue — making this a pre-revenue business with meaningful execution and related-party concentration risks.