How convenient would it be to produce usable and storable energy (that can be used later) from every step taken as you complete your daily activities? SolePower is the company that made this idea a reality. SolePower’s insoles fit into any type of shoe and are all-weather and water resistant. As you go through your day, the insole converts kinetic energy into electricity. The mechanism behind it isn’t that complicated; every time your heel hits the ground its pressure triggers a tiny generator to turn and produce energy. Then, a small cable transports the energy from the generator to a battery that stores it until it’s used. It also includes location tracking and cloud access.
PowerPac is the special battery created by SolePower to store all the energy generated by the insoles. The battery is waterproof and securely held by shoelaces without hindering its functionality. PowerPac’s USB port allows you to charge any mobile device. An hour of walking produces enough energy for 30 minutes of phone usage. SolePower’s founder’s ultimate goal is to modify the practice of how energy is created. By walking with the insoles, a user is utilizing energy created by their own kinetic energy which is the preferred alternative over burning fossil fuels to create energy.
SolePower has also created Smart Boots, which are work boots that provide users with self-sustaining power sources. With these boots, users can charge several applications while working, such as: location trackers, sensors and lights. This technology allows to gather constant data and communications which increases labor efficiency and safety practices. Furthermore, SolePower has partnered with the US Army to provide a lightweight energy solution for soldiers.
The countless prototypes SolePower produced to fine-tune the insoles and the Smart Boots are considered R&D activities when applying for the Research and Development Tax Credit. The federal and state tax credit is available for companies like SolePower that constantly keep improving and innovating their product’s design. Contact the Indago team to see how we can increase your company’s market value and boost its bottom line through these federal and state tax incentives. To learn more about the Research and Development Tax Credit visit the Indago website www.indagotax.com or email us at [email protected].