In today’s fast-paced world, one of the most common problems people face is how to keep their devices charged while on the go. With the rise of smartphones, tablets, and other mobile devices, we depend on them for everything from communication to navigation, work, and entertainment. However, finding an outlet to charge these devices while traveling or outdoors can be difficult.
For hikers, campers, and adventurers, this problem is even more challenging. They might be miles away from a charging station with no way to power up their devices.
Aaron Lemieux, the founder of Tremont Electric, came up with a solution to this problem. His invention, the nPower Peg, is a device that uses kinetic energy to charge mobile devices. The nPower Peg harvests energy from movement, such as walking or running, and converts it into electricity. This means that people can charge their devices just by going about their daily activities.
It’s a creative and innovative solution to a problem that affects millions of people, especially those who live an active lifestyle or are often away from traditional charging points.
Aaron entered the Shark Tank to seek $2,000,000 for 22% equity in his company, Tremont Electric, which he hoped would bring his groundbreaking product to a larger audience. However, despite the potential of his invention, the sharks did not see eye to eye with his vision. Aaron’s pitch for the nPower Peg ultimately did not secure a deal. Did the entrepreneur get a deal on Shark Tank? Check out our Tremont Electric update to find out!
Tremont Electric Net Worth Shark Tank Update 2025
Andy Abrahams went on Shark Tank asking for $2,000,000 for 22% of his company. This meant he thought his business was worth about $9,090,909. He did not make a deal with any Shark. The episode was aired on March 29, 2013. The company eventually shut down and is no longer active. The current net worth of Tremont Electric is $0 in 2025.
As for Tremont Electric, the company did not manage to secure a deal on Shark Tank. Although Aaron’s invention was innovative, the lack of a deal didn’t stop him from pursuing his vision. Aaron continued to work toward his long-term goal of harnessing energy from the ocean to create clean energy. He pushed forward with his ideas and kept trying to generate interest in the nPower Peg, but sales never quite took off.
Sadly, despite the promise of its technology and product, Tremont Electric was unable to secure major contracts with energy suppliers. In 2016, after years of trying to make his vision a reality, Aaron was forced to shut down Tremont Electric. The dream of using kinetic energy and ocean waves to replace traditional energy sources ultimately ended when the company went out of business. Following this, Aaron transitioned into a new career as a paramedic.
As of today, Tremont Electric is no longer in business. Aaron Lemieux’s journey was a testament to the difficulties entrepreneurs face when trying to turn an innovative idea into a successful business. However, his work on kinetic energy harvesting and clean energy solutions remains an inspiring effort in the field of renewable energy.
Tremont Electric did not get a deal on Shark Tank. Aaron Lemieux asked for $2,000,000 in exchange for 22% equity in his company. Unfortunately, the sharks were not impressed by his pitch, and none of them agreed to invest in his product.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Lori Griener | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Tremont Electric Shark Tank pitch
Aaron Lemieux, the founder of Tremont Electric, was inspired to create the nPower Peg out of a passion for both technology and renewable energy. As someone who had been working in the energy field, Aaron realized that many people around the world were facing similar challenges when it came to charging their mobile devices in remote or outdoor settings. Aaron wanted to find a way to solve this problem without relying on traditional power sources.
Aaron began developing the nPower Peg as a solution to this charging issue. The device was designed to convert kinetic energy into electrical power through movement. It was a clever and practical idea, especially for people who were often on the move. Whether you were hiking, biking, or simply walking around town, the nPower Peg could collect and store energy for use later.
The process was not easy, however. Aaron faced many challenges in developing the nPower Peg. He had to find a way to make the technology efficient enough to generate enough energy for charging while keeping the device lightweight and portable. The project required a lot of testing, refining, and fine-tuning. But despite the challenges, Aaron was determined to bring his invention to life.
Aaron presented his product to the sharks in the hopes of securing funding to help grow his company and bring the nPower Peg to a larger audience. He began by explaining how the nPower Peg works, emphasizing that it harvests kinetic energy from movement. The device contains a generator that captures energy as the user walks or runs, which is then used to charge mobile devices.
Aaron also highlighted the potential market for the product, specifically targeting people who are on the go and need a portable solution for charging their devices. He mentioned hikers, campers, and people involved in outdoor activities as the primary target audience for the nPower Peg. Aaron’s goal was to expand the company and make the technology available to a wider group of consumers.
The sharks listened to his pitch and asked several questions, but as the presentation went on, the sharks began to express concerns about the viability and long-term potential of the business. While the technology itself was impressive, the business side of things didn’t seem to be solid enough to warrant the high valuation Aaron had placed on the company. Keep reading our Tremont Electric update to see what happens next!
Each shark had their own set of questions about the nPower Peg. Let’s break down the key queries and Aaron’s responses:
Lori Greiner asked for clarification on the product’s functionality, specifically how long the nPower Peg could hold a charge and what its patents covered. Aaron explained that the device harvested energy from movement and had a built-in generator that constantly recharged the nPower Peg. The patents protected the basic operating principles of the device.
Robert Herjavec asked about the charge capacity, specifically how much charge a user could expect after carrying the nPower Peg in a backpack for eight hours. Aaron estimated that, depending on the user’s pace, it could provide up to 20% battery life.
Daymond John asked if the product was designed for the everyday consumer or more for people in need of off-the-grid charging, like hikers or boaters. Aaron confirmed that the primary target audience was people who had a “compelling need” for on-the-go charging, including outdoor enthusiasts.
Mark Cuban inquired about the scientific principles behind the device. Aaron explained that the nPower Peg utilized the Faraday effect and a generator that used magnets passing through an induction coil to generate energy.
Kevin O’Leary asked how the energy generated from ocean waves compares to wind or solar power. Aaron responded that the energy generated from ocean waves was comparable to other forms of renewable energy, and the cost was also similar to coal-fired power generation.
The sharks were not impressed with Aaron’s pitch. Despite the potential of the technology, they felt the business lacked the necessary foundation to succeed on a large scale. Each shark had their own reasons for passing on the deal.
Mark Cuban was the first to drop out. He felt that the presentation didn’t address the product’s profitability and that Aaron should have focused more on the potential revenue before talking about the bigger picture of ocean energy. Mark thought the valuation was too high and wasn’t interested in investing.
Lori Greiner admired Aaron’s brilliance but didn’t feel she was the right person to help him move forward. She passed on the deal, though she wished him the best.
Robert Herjavec acknowledged the potential of the technology but was not sold on the product’s ability to become a major success. He passed on the deal as well.
Daymond John felt that while Aaron was smart, he couldn’t provide enough value to the company. He also wasn’t enthusiastic about the product and chose to pass.
Kevin O’Leary criticized Aaron for asking for $2 million, stating that if he took the investment, he would be doing all the heavy lifting. He didn’t think it was worth the risk and passed on the deal.
None of the sharks ended up offering a deal, and the pitch ended without any investment.
What Went Wrong With Tremont Electric On Shark Tank?
The main reason the sharks didn’t invest in Tremont Electric was the lack of a solid business plan and the high valuation of the company. While the nPower Peg was a creative and innovative product, the sharks didn’t feel it was ready for mass-market success. The pitch didn’t focus enough on the product’s revenue potential, and Aaron spent too much time discussing his long-term goals of ocean energy. This caused the sharks to lose interest.
Another issue was the perceived difficulty of scaling the product. The technology was still in its early stages, and the challenges of manufacturing and distribution were not addressed clearly. The product’s limited sales also raised concerns about whether there was a significant market for it.
Product Availability
From our Tremont Electric update research, the nPower Peg was available for purchase exclusively online, with a retail price of $199. However, after the pitch on Shark Tank, the product’s sales remained stagnant. Despite the unique concept, the market demand never quite took off. Tremont Electric’s website is no longer operational, and as of today, the product is no longer available for sale.
Conclusion
Tremont Electric’s journey on Shark Tank was an interesting one. Aaron Lemieux had a unique product, but unfortunately, he couldn’t secure a deal with the sharks. After Shark Tank, he continued to work on his ideas, but sales never reached the level needed to sustain the business. Ultimately, Tremont Electric went out of business in 2016.
Though his company didn’t succeed, Aaron’s work on kinetic energy harvesting remains an interesting part of renewable energy exploration.
Despite the company’s closure, Aaron’s journey reminds us of the challenges entrepreneurs face in turning an idea into a business. While Tremont Electric didn’t make it, the concept of using kinetic energy for charging devices is a valuable and forward-thinking idea.
We may not have seen the last of Aaron’s innovative ideas, and it will be interesting to see if he comes up with new ways to harness renewable energy in the future.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
