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Independence Power Holdings, Inc. reports developments as a software-enabled Power-as-a-Service company focused on behind-the-meter microgrids in the Permian Basin. Following its completed business combination and reverse merger with TriUnity Business Services Limited, the company describes an asset-light model built around proprietary software, utility-scale batteries, and conversion of local natural-gas byproducts into stable electricity for oilfield operations and behind-the-meter compute workloads.
ITXP developments center on the public-company transition, microgrid deployments, battery fleet management, energy reliability for West Texas producers, and corporate updates tied to governance, reporting status, and operating strategy.
Independence Power Holdings (OTC: ITXP) completed a business combination with TriUnity Business Services and became a public-reporting company on January 12, 2026. The company manages a 241 MW, 104-unit behind-the-meter battery energy storage (BESS) fleet and sells a software-driven Power-as-a-Service solution designed to stabilize Permian Basin power for oil operations and AI data centers. Independence Power says its BESS bypass interconnection delays of ~30 months and targets an 8–13 GW Permian power shortfall identified in ERCOT demand forecasts.