Phoenix AZ – February 23, 2026 | By STAFF HERE PHOENIX WRITER
WHAT’S HAPPENING
What is the major advancement announced by InnSuites Hospitality Trust on February 23, 2026?
InnSuites Hospitality Trust (IHT) announced a significant breakthrough in its diversification investment in UniGen Power, Inc., focusing on innovative natural gas electricity generation prototypes.
Who is leading the new management team at UniGen Power, Inc.?
James Wirth, IHT’s President/CEO, and Marc Berg, IHT’s EVP/Secretary/Treasurer, now hold corresponding leadership roles at UniGen Power, Inc.
What is the primary goal of the new UniGen Power management team?
The team’s primary focus is to secure new financing to complete the engineering of crucial prototypes, specifically the UPI 1000TA models.
When did InnSuites Hospitality Trust first invest in UniGen Power, Inc.?
InnSuites Hospitality Trust initially made a diversification investment in UniGen Power, Inc. in December 2019.
InnSuites Hospitality Trust (IHT) announced a major step forward in its UniGen Power, Inc. diversification investment on February 23, 2026. Key IHT executives have taken leadership roles at UniGen, focusing on securing financing for crucial natural gas electricity generation prototypes. This strategic move aims to capitalize on projected increased electricity demand in Phoenix, Arizona.
InnSuites Hospitality Trust Announces Major Advancement in UniGen Diversification Project
Phoenix, Arizona – InnSuites Hospitality Trust (IHT) announced on February 23, 2026, a significant breakthrough in its diversification investment in UniGen Power, Inc., marking a pivotal step towards advancing innovative natural gas electricity generation. This development follows the election of a new management team to UniGen’s board, including key IHT executives, on February 20, 2026, with a primary focus on securing new financing to complete the engineering of crucial prototypes.
What is the New Management Team’s Role in UniGen Power’s Strategy?
The newly elected management team at UniGen Power, Inc. includes James Wirth, who serves as President, CEO, and Chairman of IHT, now also holding the positions of President, CEO, and Chairman for UniGen. Additionally, Marc Berg, IHT’s EVP, Secretary/Treasurer, and Vice Chairman, has been elected to fill corresponding roles at UniGen. This strategic leadership integration is tasked with spearheading efforts to raise the next round of financing to finalize the engineering of UniGen’s new innovation prototypes, specifically the 1000TA models, which were previously reported as 61% complete.
How Will IHT Support UniGen’s Prototype Development?
InnSuites Hospitality Trust is actively considering providing additional funding to participate in UniGen Power, Inc.’s current financing round. This potential investment aims to facilitate the completion of engineering for the innovative natural gas electricity generation prototypes. The successful development of these prototypes is anticipated to unlock substantial potential profits for both IHT and UniGen.
Examining the Market Potential for UniGen’s Energy Innovation
The decision to advance the UniGen project is underscored by a projected doubling in electricity demand over the next five years. This increase is driven by the rapid expansion of data centers, the growing adoption of electric vehicles, and the increasing needs of artificial intelligence, alongside an environment of abundant natural gas. UniGen Power, Inc. focuses on developing efficient, clean natural gas-powered electricity generation technology, particularly its UPI 1000TA, a one-megawatt generator designed to be low-emission, lightweight, compact, versatile, and quiet, with an operating cost of less than $0.05 per kilowatt-hour.
What Was the Initial Investment in UniGen Power, Inc.?
InnSuites Hospitality Trust initially made a diversification investment in UniGen Power, Inc. in December 2019. This included a $1 million investment in a 6% convertible bond, partially secured by one of UniGen’s prototypes, and the receipt of 1.7 million warrants. IHT’s convertible bonds and warrants, if fully exercised, could lead to an ownership stake of approximately 15-20% or more in UniGen. UniGen has been identified as a high-risk, diversification investment offering high potential returns if successful.
Key Features of UniGen Power Investment
| Feature | Detail |
|---|---|
| Announcement Date | February 23, 2026 |
| Investor Company | InnSuites Hospitality Trust (IHT) |
| Investee Company | UniGen Power, Inc. (UniGen) |
| Original Investment Date | December 2019 |
| New UniGen Leadership | James Wirth (IHT President, CEO, Chairman) elected UniGen President, CEO, Chairman; Marc Berg (IHT EVP, Secretary/Treasurer, Vice Chairman) elected UniGen EVP, Secretary/Treasurer, Vice Chairman |
| Project Focus | Secure financing for completing engineering of innovative natural gas electricity generation prototypes (UPI 1000TA) |
| Market Demand Drivers | Rising electricity demand from data centers, electric vehicles, artificial intelligence, and abundant natural gas supply |
| Potential IHT Ownership | Up to 15-20% or more of UniGen upon full exercise of convertible bonds and warrants |
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Author: STAFF HERE PHOENIX WRITER
The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.
