Inspira Technologies, Inc. (NASDAQ: IINN) is a growth-oriented industrial gases and clean energy company focused on the development, ownership and operation of small-scale onsite oxygen and helium generation facilities. The company leverages a proprietary membrane‐based separation technology to capture and purify oxygen and helium from industrial and produced water streams at well sites and industrial facilities. Through a build‐own‐operate model, Inspira provides continuous, on‐demand supply of high‐purity gases that are traditionally sourced from centralized production plants, offering cost efficiency and reduced logistics complexity for its customers.
Since its founding in 2020 as a spin-out of select assets from Occidental Petroleum’s BHN business unit, Inspira has advanced multiple demonstration projects across the United States. Its flagship Oxygen-to-Wellhead platform is deployed at midstream and upstream oil and gas operations in Texas and Oklahoma, producing oxygen for enhanced oil recovery and helium for industrial applications. The company’s modular design enables rapid deployment and scalability, while its financial model aligns long-term service contracts with cash flow generation from gas sales.
Inspira serves a diverse range of end markets, including oil and gas producers, chemical manufacturers, water treatment facilities and municipal gas utilities. Beyond North America, the company is exploring pilot projects in Europe and the Middle East through partnerships with regional energy companies and specialty gas distributors. These collaborations aim to demonstrate the versatility of Inspira’s separation systems and to secure long-term offtake agreements for both oxygen and helium products.
Under the leadership of CEO John L. Morrow, a veteran of the industrial gas and energy infrastructure sectors, and CFO Leisa Stanger, Inspira is focused on expanding its operating footprint, optimizing asset performance and advancing new technology development. The company’s integrated approach—combining innovative engineering, targeted capital deployment and long-term service contracts—positions it to capture emerging opportunities in distributed gas supply and clean energy markets.
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