Tremont Electric Net Worth 2025: How a Bold $2M Ask Ended in Silence and Shutdown

A Kinetic Idea That Lost Its Spark

When Tremont Electric appeared on Shark Tank in Season 4 (2013), founder Aaron LeMieux introduced a cutting-edge idea: a portable energy generator called the nPower PEG, designed to charge your phone while you walk. The pitch promised a greener future powered by human motion. But by 2025, the company no longer exists.

Despite initial buzz, Tremont Electric’s story became one of missed opportunity, complex manufacturing issues, and a silent exit from the market. Here’s what really happened.

What Happened on Shark Tank: A $2 Million Swing That Missed

Aaron LeMieux walked into the Shark Tank with a bold ask: $2 million for 22% equity, valuing Tremont Electric at over $9 million. His product, the nPower PEG, harvested kinetic energy from everyday movement, charging devices as you go.

The Sharks were intrigued by the mission but quickly stumbled on the numbers. The PEG cost $110 to make and retailed for $199. Aaron hoped to reduce the price through volume, but the math didn’t sit well.

“It’s a noble cause. But I just don’t see the mass-market adoption without a drastic price cut,” said Kevin O’Leary during the pitch.

No Sharks bit. The pitch ended with a respectful pass from all five.

“If you can’t sell a product profitably at scale today, you don’t have a business yet. You have a prototype,” Daymond John added.

RELATED: Why are 50% of the shark tank deals not getting close?

What Changed After the Show? Did Shark Tank Help Tremont Electric?

Even without a deal, Shark Tank offered a boost in visibility. The website saw increased traffic after the episode aired. However, it wasn’t a full-blown “Shark Tank Effect.”

Sales rose slightly, but the high price point limited mass appeal. According to reports, Tremont Electric shut down operations in 2015, just two years after the show.

There was no viral sell-out, no follow-up on Beyond the Tank, and no pivot to a more affordable consumer product. Instead, Aaron tried to shift toward wave energy innovations, but those plans never gained traction.

Growth, Setbacks, and Where the Founder Is Today

Tremont Electric started with a unique vision of sustainable, human-powered energy. Before Shark Tank, Aaron LeMieux had even patented a wave energy converter for larger-scale applications. But none of these ideas took off commercially.

By 2015, the company folded quietly. The shutdown wasn’t due to lack of passion, but rather:

• Expensive production costs
• Low customer adoption
• Inability to scale into retail or government contracts

Today, Aaron LeMieux is no longer involved in the startup scene. He reportedly returned to his previous career as a paramedic, stepping away from the business world entirely.

Why Tremont Electric Shut Down: A Hard Lesson in Manufacturing Reality

Despite having a meaningful mission and appearing on one of the biggest entrepreneurial stages in America, Tremont Electric was unable to survive.

Here’s why it failed:

• The unit cost of production ($110) was too high for sustainable margins.
• The market for self-powered phone chargers was too niche in 2013.
• The Sharks doubted scalability, and that skepticism proved right.

LeMieux never rebranded, sold the company, or attempted a comeback. The dream simply ran out of battery.

Could Tremont Electric Make a Comeback in 2026?

Unlikely. While energy-harvesting tech has evolved, the original PEG concept would now face stiff competition from solar-powered chargers and kinetic battery brands that succeeded in scaling.

However, Aaron LeMieux’s original vision remains relevant. In an era obsessed with clean energy, someone else may take the baton.