KiNRG
| General Information | |
| Business: | (Incorporated in Nevada)We are a developer of small hydrothermal reactor power plants to provide energy to data centers.Historically, KiNRG has been an early-stage company developing plans to design, permit, finance and construct our HydroThermal Reactor (“HTR”) projects. Following the acquisition of TRINITY on April 1, 2026, the company’s operations also include commercial construction and infrastructure services conducted through TRINITY.Our core objective is to develop and commercialize our HTR concept, which is designed to generate electricity without combusting fossil fuels and to support applications that value reliable power. Each HTR project is expected to require project-specific development activities, including site identification and control, engineering, permitting and interconnection planning, and the negotiation of power purchase or other off-take arrangements. We intend to pursue a phased development approach, using engineering, modeling and third-party inputs to refine our designs and assess potential sites and commercial structures.Note: We have not yet constructed or operated an HTR at commercial scale or generated revenue from commercial electricity production, and we may never be able to successfully construct and operate an HTR on a commercially viable basis.On April 1, 2026, the Company acquired 100 percent of the shares of TRINITY Group Construction, Inc. (“TRINITY”) from Millard L. Wallen III, CEO and sole owner of TRINITY. Mr. Wallen is also the president of KINRG, Inc. He has served in that capacity for over three years. TRINITY, among other construction projects, has previously constructed or construction managed over 2.5 million square feet of data centers. TRINITY is currently constructing or construction managing over 500,000 square feet of data centers in three states and Egypt.TRINITY has been hosting the company – KiNRG – in its headquarters for over four years. The company and TRINITY have been sharing their skills and expertise to modify and adapt the company’s large HTR to a much smaller HTR specifically designed to service markets similar to the data center market that must rely on a constant base load of energy supply 24-7-365. The company has not compensated TRINITY for use of its office space or personnel during the four years that the company and TRINITY have been jointly creating a potential energy solution for data centers. The large HTR was designed to produce that maximum amount of energy year around without regard to any minimum baseload. The company and TRINITY together redesigned the large HTR to a smaller HTR that the company and TRINITY both believe will be well suited for the data center market. There can be no assurance that the data center market will adopt this solution.The acquisition by the company of TRINITY is the result of four years of collaboration between the companies. The combined business plan is to deliver data centers to data center developers as well as the energy to service the tenants of the data centers, independent of the grid. TRINITY will construct both the data centers and the HTRs in-house.TRINITY plans to continue to construct data centers for the foreseeable future while the combined companies pursue joint data center/HTR projects in furtherance of the overall KiNRG’s long term business plan.Our TechnologyThe HTR concept is intended to use ambient heat and evaporative cooling dynamics within a tower structure to create a downdraft that drives turbines to generate electricity, based on site-specific meteorological and other conditions. In our design, water is introduced into hot, relatively dry air in the tower to promote evaporative cooling, which we expect to create cooler, denser air that moves downward through the structure and is intended to drive turbines to generate electricity. The HTR is designed to create internal downdraft wind velocities housed in the tower (Reactor) that are compressed into wind tunnels at high speeds, with patented technology covering the extraction of energy from these high-velocity winds through multiple turbines placed within the tunnels and a closed-loop hydraulic drive system that spins generators. Actual performance, if any, will depend on site conditions, final engineering, construction, commissioning and ongoing operations.Note: We own six U.S. patents. We have also applied for and received patents in foreign jurisdictions, including Morocco and Kuwait. The term of individual patents depends upon the legal term for patents in the countries in which they are obtained. In most countries, including the United States, the patent term is 20 years from the earliest filing date of a non-provisional patent application.Our patents cover a system of efficiently extracting energy using methods and components that are intended to produce cost-effective energy, including patents relating to efficient energy conversion devices, atmospheric energy extraction devices, methods and apparatus for compression and release and conversion of compressed air energy, and multi-stage wind turbines. KiNRG believes our intellectual property rights provide a barrier to entry for potential competitors. KiNRG has more recently filed applications for additional coverages.Note: Net loss is for KiNRG only for the 12 months that ended on March 31, 2026. This figure does not include TRINITY, which KiNRG acquired on April 1, 2026.Note: This is a development-stage company that did not have revenue for the 12 months that ended on March 31, 2026.(Note: KiNRG filed its S-1 for its small IPO on Aug. 6, 2026, and disclosed the terms – 3.75 million shares at a price range of $4.00 to $5.00 – to raise $16.88 million, if priced at the $4.50 mid-point of its range.) |
| Industry: | ELECTRIC SERVICES - HYDROTHERMAL POWER PLANTS |
| Employees: | 2 |
| Founded: | 1962 |
| Contact Information | |
| Address | 1213 Culbreth Drive Suite 103 Wilmington, NC 28405 |
| Phone Number | (910) 619-3171 |
| Web Address | http://www.kinrg.com/ |
| View Prospectus: | KiNRG |
| Financial Information | |
| Market Cap | $298.4mil |
| Revenues | $0 mil (last 12 months) |
| Net Income | $-2.18 mil (last 12 months) |
| IPO Profile | |
| Symbol | TBA |
| Exchange | NYSE - American |
| Shares (millions): | 3.8 |
| Price range | $4.00 - $5.00 |
| Est. $ Volume | $16.9 mil |
| Manager / Joint Managers | R.F. Lafferty & Co. |
| CO-Managers | |
| Expected To Trade: | |
| Status: | TBA |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |