Leading Edge Power Solutions
Leading Edge Power Solutions (LEPS) is a California-based developer of onsite, behind-the-meter natural gas power generation systems — including the patent-pending LE 240 Generator and modular LEPS PowerPack family — delivered through 7-year Energy-as-a-Service agreements to commercial and industrial customers with 500+ kW peak loads.
- Company typePrivate
- Founded2016
- HeadquartersNewport Beach, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Leading Edge Power Solutions does
Leading Edge Power Solutions (LEPS) is a Newport Beach, California-based developer and operator of onsite, behind-the-meter natural gas power generation systems targeting commercial and industrial customers with peak loads of 500+ kW. Founded in 2016 by David Walters and Dick Paulsen, the company's flagship product is the patent-pending LE 240 Generator — a 240kW clean-burning natural gas unit paired with the proprietary LE-XR7 rare-earth catalytic converter, which is verified to emit at least 50% below South Coast Air Quality Management District (SCAQMD) standards, and a proprietary real-time dispatch controller that monitors tariff rates and load data minute-by-minute to automatically displace expensive grid electricity during peak hours.
The company has expanded its technology platform with the LEPS PowerPack product family — modular LE170 and LE350 gensets that stack into 2.1 MW trains and scale beyond 10 MW with hot-swappable redundancy. Both product lines are delivered through 7-year Energy Services Agreements (ESAs) in which LEPS retains equipment ownership and absorbs installation, fuel, operations, and maintenance risk; customers pay only per kWh of genset runtime at a fixed rate locked in below standard utility pricing, with 10–20% electricity cost savings cited as the customer outcome. A short-term rental offering (CA Fire Backup Solution) was launched in 2021 to serve California facilities during Public Safety Power Shutoff (PSPS) events.
LEPS sells primarily via enterprise field sales led by CEO David Walters and CCO Mimi Walters (former U.S. Representative), targeting commercial and industrial verticals including hospitals, large buildings, manufacturing, cold storage, aerospace and defense, and port logistics. As of October 2020 the company had five customers (including a Terminal Island, Port of Los Angeles facility and a Missouri industrial site), five employees with plans to triple headcount, and had received an undisclosed equity investment from BP Energy Partners — the family office of the late T. Boone Pickens. The company holds SCAQMD Rule 1110.2 operating permits, EPA Part 60 Subpart JJJJ certification, and ISO 9001:2015 quality certification.
Leading Edge Power Solutions firmographics
Firmographics- Name
- Leading Edge Power Solutions
- Legal name
- Leading Edge Power Solutions, LLC
- Website
- https://lepsenergy.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Leading Edge Power Solutions (LEPS) is a California-based developer of onsite, behind-the-meter natural gas power generation systems — including the patent-pending LE 240 Generator and modular LEPS PowerPack family — delivered through 7-year Energy-as-a-Service agreements to commercial and industrial customers with 500+ kW peak loads.
- Ownership category
- akta.pro rank
Leading Edge Power Solutions industry classification
Industry- Product category
- Distributed Energy / Onsite Power Generation
- NAICS
- Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Engines & Turbines (3510)
- akta.pro primary industry
- Circuit Protection Devices (MCBs, MCCBs, ACBs, fuses, RCD/GFCI, surge protection) (IMAGAEAB)
- akta.pro secondary industries
- Power Electronics for Renewable & Grid-Tied Applications (Solar inverters, wind converters, grid-tie interfaces) (IMAGADAJ), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)
Keywords
Where Leading Edge Power Solutions is headquartered
LocationHeadquarters
- HQ city
- Newport Beach
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Leading Edge Power Solutions business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Energy-as-a-Service (ESA) / Power-as-a-Service: Long-term (7-year) Energy Services Agreements where LEPS retains ownership of the onsite natural gas generator; customers are billed per kWh of genset runtime at fixed rates. LEPS covers installation, natural gas, operations, and maintenance costs. Recurring, contractually predictable cash flows comparable to a commercial real estate lease.
- Peak Shaving / Demand Charge Reduction Service: Revenue tied to operating the generator during peak utility hours to displace expensive grid electricity, generating savings of 10-20% for the customer that are captured through the ESA kWh billing structure.
- Short-Term Backup Generator Rentals: Monthly rental of natural gas backup generators (125kW, 170kW, 225kW, 350kW) at $5,000–$10,000/month for fire season / PSPS preparedness, with optional deployment and rental fees.
- Managed Onsite Power Service: Fully managed service offering including design, permitting, installation, fuel procurement, operations and maintenance — a 'turn-key solution' for commercial and industrial customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | 125kW Natural Gas Backup Generator Rental |
| Subscription | Monthly | 170kW Natural Gas Backup Generator Rental |
| Subscription | Monthly | 225kW Natural Gas Backup Generator Rental |
| Subscription | Monthly | 350kW Natural Gas Backup Generator Rental |
| Usage-based | Multi-year contract | 7-Year Energy Services Agreement (ESA) — Custom Quote |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Leading Edge Power Solutions product offering
Product offeringCore offering
Leading Edge Power Solutions (LEPS) designs, engineers, and operates onsite natural gas-fueled power generation systems for commercial and industrial customers. Its core hardware is the patent-pending 240 kW LE 240 generator (paired with a proprietary rare-earth LE-XR7 catalytic converter) and the modular LE170/LE350 PowerPack units, all wrapped in a 7-year Energy Services Agreement (ESA) where LEPS retains equipment ownership and bills customers per kWh of runtime to displace expensive peak-hour grid electricity.
Product overview
Leading Edge Power Solutions (LEPS) operates as a platform-plus-modules architecture for behind-the-meter, clean natural gas power generation targeted at commercial and industrial customers in California. The cornerstone product is the patent-pending LE 240 Generator, a 240kW natural gas unit with the proprietary LE-XR7 rare-earth catalytic converter and an on-site real-time dispatch controller. The modular LEPS PowerPack Products family extends this foundation with the LE170 PowerPack and LE350 PowerPack gensets, which stack into 2.1 MW trains and can be paralleled beyond 10 MW, providing hot-swappable redundancy for larger loads. Both product lines are wrapped in a 7-year Energy Services Agreement (ESA) energy-as-a-service model with zero upfront capital and zero O&M cost to the customer, leveraging proprietary tariff-analysis algorithms, cellular/satellite telemetry, and a browser-based analytics dashboard served from LEPS's Network Operating Center. The CA Fire Backup Solution is a short-term rental service built on the same generator technology that provides immediate PSPS response and a pathway into the long-term ESA offering.
Differentiator
Problem solved
Functional benefit
Brands
- LE 240 Generator: Patent-pending, 240kW on-site natural gas generator housed in a weather-proof, noise-reducing enclosure; flagship behind-the-meter generator used for base loading, backup, or prime power.
- LE170 PowerPack
- LE350 PowerPack
- LEPS PowerPack
- LE-XR7
Products and services
- LE 240 Generator Patent-pending 240 kW clean natural gas generator housed in a weatherproof, noise-reducing enclosure; functions as a behind-the-meter dispatchable unit for base loading, backup, or prime power, integrating the proprietary LE-XR7 catalytic converter (50%+ below SCAQMD emissions standards) and a Stamford alternator with PMG/MX341 AVR. Delivered under a 7-year Energy Services Agreement with zero capital or O&M cost to commercial and industrial customers.
- LE170 PowerPack 170 kW (prime rated NG: 170 kW / 212 kVA) natural gas genset module based on a Doosan D11.1L turbocharged rich-burn engine with a Stamford UCDI274J alternator. Features a DSE 8610 MKII controller with synchronizing/load sharing, cellular telemetry, NSCR catalyst, and EPA Part 60 Subpart JJJJ certification (SCAQMD option). Hot-swappable within a PowerPack train for behind-the-meter commercial and industrial use.
- LE350 PowerPack 350 kW (prime rated NG: 350 kW / 437 kVA) natural gas genset module based on a Doosan D21.9L 12-cylinder V-type engine with a Stamford S4L1D0G41 alternator. Designed for higher-capacity PowerPack train configurations. Inherits the same DSE 8610 MKII control, telemetry, and emissions compliance architecture as the LE170 for behind-the-meter commercial and industrial use.
- LEPS PowerPack Products Modular, scalable natural gas microgrid power solution in which each 350 kW unit can be hot-swapped (removed/replaced without taking the system offline). Units stack into 2.1 MW trains that can be paralleled to scale beyond 10 MW, built on a redundant architecture to serve behind-the-meter commercial and industrial power needs, complementing the single-unit LE 240 Generator.
- CA Fire Backup Solution Short-term backup generator rental program offering four natural gas unit sizes (125 kW, 170 kW, 225 kW, 350 kW) to California commercial and industrial facilities during Public Safety Power Shutoff (PSPS) and rolling blackout events. Includes a proactive site-load analysis pathway that can transition qualifying customers into the no-cost 7-year LEPS peak-shaving and backup ESA.
Quantifiable outcome
- 10-20% savings on customer electricity costs via peak-hour displacement
- +3 more outcomes
Companies that use Leading Edge Power Solutions
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles4 records
Leading Edge Power Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature6 records
Leading Edge Power Solutions partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- NRG Energy Corp. (NYSE: NRG)coreListed as a partner of LEPS in the OCBJ coverage; supports commercial/industrial customer engagement and behind-the-meter solutions.
- Calpine Corp.coreListed as a partner of LEPS in the OCBJ coverage; supports natural gas fueled power generation ecosystem.
- Sapphire Gas SolutionsminorFeatured partner on the LEPS Partners page; natural gas solutions provider supporting LEPS fuel sourcing/service delivery.
- Montrose EnvironmentalminorFeatured partner on the LEPS Partners page; environmental services firm supporting permitting, emissions, and compliance work.
- Choice Energy ManagementminorFeatured partner on the LEPS Partners page; energy management consulting supporting customer acquisition and procurement.
- Catalyst PowerminorFeatured partner on the LEPS Partners page; aligns with LEPS in behind-the-meter distributed energy solutions.
- Pargen Green (Pargen, Inc.)minorEnergy consulting firm founded by LEPS President/Co-Founder Dick Paulsen; supports LEPS Distributed Energy Resources (DER) consulting and thought leadership (originally published Dick Paulsen's Natural Gas op-ed).
- SRC RemanminorFeatured partner on the LEPS Partners page; remanufacturing services supporting LEPS equipment lifecycle.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Leading Edge Power Solutions competitors and assessment
Company assessmentDirect peers
- Enchanted Rock: Closest direct competitor — provides behind-the-meter natural gas generator 'Resiliency-as-a-Service' to commercial and industrial customers in California and Texas, mirroring LEPS's peak-shaving/backup EaaS model with similar ESA structures and customer profiles.
- Capstone Green Energy: Designs and manufactures natural gas microturbines used for behind-the-meter combined heat and power and peak shaving at commercial and industrial sites — directly comparable technology category and customer use cases to LEPS's LE 240 and PowerPack systems.
Emerging players
- Mainspring Energy: Developer of a novel linear generator that runs on multiple fuels including natural gas for behind-the-meter commercial and industrial customers; an emerging low-emissions distributed generation competitor targeting the same peak-shaving/grid-resiliency use cases as LEPS.
- Bloom Energy: Deploys solid-oxide fuel cell onsite power systems at commercial and industrial customers in California for continuous behind-the-meter power; competes for the same decarbonization-driven C&I customers with a different (hydrogen/natural gas fuel cell) technology.
- VoltaGrid: Provides mobile and temporary natural gas-fueled power generation for data centers, utilities, and industrial customers; overlapping customer base and product category (natural gas behind-the-meter generation), with a focus on mobile/deployable rather than permanent installations.
Broad incumbents
- Caterpillar (CAT Electric Power): Sells large natural gas gensets (including the G3520 series in LEPS's 2+ MW range) to commercial and industrial customers globally; competes for the same large-load customers though primarily via equipment sales rather than ESA-style service.
- PowerSecure (a Southern Company subsidiary): Provides distributed generation, backup power, and microgrid solutions to utilities and large commercial customers; an established distributed-energy services competitor overlapping with LEPS's managed onsite power offering.
- Generac Power Systems: Largest US manufacturer of backup power generators including natural gas units; a broad incumbent whose commercial/industrial natural gas lineup overlaps with LEPS's product family but serves customers via equipment sales and dealer networks rather than an EaaS model.
- Wärtsilä Energy Storage & Solutions: Supplies multi-MW natural gas engine-based power plants and energy storage solutions to grid and industrial customers; competes in the higher end of the behind-the-meter and microgrid market that LEPS's PowerPack trains are targeting.
- Cummins: Major manufacturer of natural gas generator sets and power systems for commercial, industrial, and microgrid applications; competes with LEPS on the equipment side and increasingly on integrated distributed energy solutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Leading Edge Power Solutions social profiles
Digital presenceLeading Edge Power Solutions compliance and trust
Trust signalCompliance3 records
Leading Edge Power Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Leading Edge Power Solutions leadership team
Management profileNumber of profiles
Profiles5 records
Leading Edge Power Solutions funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Leading Edge Power Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Leading Edge Power Solutions
What does Leading Edge Power Solutions do?
Leading Edge Power Solutions (LEPS) designs, engineers, and operates onsite natural gas-fueled power generation systems for commercial and industrial customers. Its core hardware is the patent-pending 240 kW LE 240 generator (paired with a proprietary rare-earth LE-XR7 catalytic converter) and the modular LE170/LE350 PowerPack units, all wrapped in a 7-year Energy Services Agreement (ESA) where LEPS retains equipment ownership and bills customers per kWh of runtime to displace expensive peak-hour grid electricity.
Is Leading Edge Power Solutions a public or private company?
Leading Edge Power Solutions is a private company. It is classified as venture growth investor backed and is currently operating.
When was Leading Edge Power Solutions founded?
Leading Edge Power Solutions was founded in 2016. It employs 1 to 10 people.
Where is Leading Edge Power Solutions based?
Leading Edge Power Solutions is headquartered in Newport Beach, United States, in the North America region.
How does Leading Edge Power Solutions make money?
Four revenue lines are on record. Energy-as-a-Service (ESA) / Power-as-a-Service is the primary driver. The others are peak Shaving / Demand Charge Reduction Service, short-Term Backup Generator Rentals and managed Onsite Power Service.
Who are Leading Edge Power Solutions's main competitors?
Direct peers on record are Enchanted Rock and Capstone Green Energy. Emerging players are Mainspring Energy, Bloom Energy and VoltaGrid. Broad incumbents are Caterpillar (CAT Electric Power), PowerSecure (a Southern Company subsidiary), Generac Power Systems, Wärtsilä Energy Storage & Solutions and Cummins.
Does Leading Edge Power Solutions have an API?
No public API is recorded for Leading Edge Power Solutions.
What industry is Leading Edge Power Solutions in?
Leading Edge Power Solutions's product category is Distributed Energy / Onsite Power Generation. Its primary akta.pro industry code is IMAGAEAB, Circuit Protection Devices (MCBs, MCCBs, ACBs, fuses, RCD/GFCI, surge protection), with a secondary code of IMAGADAJ, Power Electronics for Renewable & Grid-Tied Applications (Solar inverters, wind converters, grid-tie interfaces). Its NAICS code is 2211 and its SIC code is 3510.