Indie Power Systems Microgrid Technology

Our Microgrid technology was internally designed from the ground up to provide everything required to manage a Microgrid. Owning all of the IP necessary to build a Microgrid system has enabled Indie Power Systems to become a one-stop-shop for a complete energy management solution. We design and manufacture each of the three basic components required to manage a Microgrid: 1) energy management software, 2) power electronics hardware, and 3) battery energy storage.

Below are images from the Indie Power Systems Microgrid at the Lamar Buffalo Ranch in Yellowstone National Park.
View a video of the history of this revolutionary Microgrid that integrates used Hybrid Electric Vehicle batteries for energy storage.
Click here for video

Our Team


Steve Tolen

Founder, President/CEO

Steve Tolen is an energy storage pioneer and visionary who concieved of blending electrons from different sources to optimize cost and performance. This concept resulted in Indie Power Systems' first of 6 granted patents. He began his professional career at Electronic Data Systems (EDS) where he served as assistant cash manager. He next served as VP and portfolio manager at Southwest Corporate, a bankers’ bank in Dallas where he managed a $1 billion investment portfolio and was responsible for credit and interest rate risk management for the company. Mr. Tolen authored the books Credit Union Asset/Liability Management Theory and Techniques and Credit Union Investment Strategies. He also served as a trainer for the National Credit Union Administration (NCUA) auditors. During this time he designed and programmed Credit Analysis and Asset/Liability Management software. In 1996 Tolen was named president of Indiana Corporate Federal Credit Union, a banker's bank for credit unions that was under regulatory supervision. Three years later, that institution earned a Bankwatch "A" rating. He then engineered the merger with an institution twice its size with his board retaining control of the resulting Mid-States Corporate Federal Credit Union. He left that position to found Symphony Bank and next founded Indy Power Systems LLC which is now Indie Power Systems Inc. Mr. Tolen serves as Chairman of the SAE International Secondary Battery Use Committee.


Bern Leonard

Chief Operating Officer

Bern is a leader and energy executive with over 20 years experience in the Oil & Gas sector. He has significant start up, growth and business integration experience and is passionate about building & developing high performance teams. He is focused on business operations & process, supply chain optimization, manufacturing, quality control and corporate development. He is an Operating Executive for Fountainhead Investment Partners, a technology, manufacturing and bio-medical focused Private equity firm based in San Antonio, Texas and Las Vegas, Nevada. He also served as Director of Energy Capital Credit Union based in Houston, Texas. Bern holds an MBA from The University of Calgary, Alberta, Canada.


Michael Townsend


Mr. Townsend has extensive experience in corporate finance spanning over 25 years. Mr. Townsend is one of the founding partners of Altus Capital Partners, a boutique investment bank based in Vancouver, B.C. Altus has been involved in raising over $180-million in equity financings over the past five years. Mr. Townsend co-founded Hemptown, Patriot One Technologies Inc., and Body and Mind Inc.


Zayn Kalyan


Zayn Kalyan is an experienced investment banker and business development executive. Starting his career as a software engineer, his background in the “ground-up” development of startup technology companies serves as his foundation in finance. Since joining Altus, Zayn has played an instrumental role in the origination of over $50 million in financing. Zayn has served in upper management and on the boards of multiple public companies since 2014. He has hands-on experience in the day-to-day management of small and mid-size organizations.

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