Founder History

Lothar (Lou) Budike Jr. has 20 years of professional experience, focused on the delivery and commercialization of technology driven businesses. His experience includes successful technology based product launches for multiple Fortune 100 companies such as General Electric, Honeywell, Westinghouse, SAIC, Long Island Power Authority, PEPCO Energy Holdings, BGE (Baltimore Gas & Electric) as well as successfully transitioned military technology through Phase 1, 2 & 3 SBIR programs for the DOD.

Lothar is a graduate of Mechanical Engineering from Drexel University and began his career with the United States Navy. Lothar was an advanced electrical design engineer working under NAVSEA focused on advanced electrical system design and development for both shipboard and weapons systems engineering. Lothar was assigned to the Air Craft Carrier Vessel – 63 (USS Kitty Hawk), and the Aircraft Carrier Vessel CV-64 (USS Constellation). Lothar is currently active in DOD based contracts and consults in the areas of electrical design, pulsed power, and microelectronics. Lothar is currently a member of the Defense Translational Research Advisory Committee which reviews new military based technology that can be transitioned from research to application.

Lothar also worked for ARCO Energy & Chemical Company as an electrical design and production engineer in the advanced cryogenics department. In this task, Lothar operated spectral analysis equipment and designed and developed electronic controls systems, industrial PLC based control systems, operating software and hardware interfaces for the deployment of composite, polymer, and petroleum based product offerings. Lothar was awarded by ARCO “innovation of the year” award for the design of a turbo-modulating electronic compressor system that reduced production throughput by 50%.

In 1991, Lothar formed Powerweb, Inc., and electrical based design firm focused in technology based solutions for the electronics and power industry. Since that time, Lothar has commercialized products for Fortune 100 companies from a wide range of technology applications including; power suppliers, power systems, power trading systems, energy procurement systems, control systems, wireless based systems, optical systems, mechanical systems, lighting systems, capacitor based systems, nano related systems, and other unique product offerings.

Powerweb introduced the first energy retail price system in the wholesale electricity marketplace through the PJM in 1998, the largest connected grid in the world. Powerweb, Inc., the development arm of Powerweb Intellectual Properties has over 20 years experience in developing and manufacturing key industry products derived from the Powerweb patent portfolio. Powerweb developed wireless lighting products, power management products, thermostat products, cell phone charger products, and well as a host of software energy trading systems for multiple utilities around the country. Powerweb is a Member of the Defense Translational Research Advisory Committee which reviews new military based technology that can be transitioned from research to application.