A power supply comprises transistors whose conduction paths are connected in series and whose control terminals receive a reference voltage. The common terminal at one end of the series-connected conduction paths provides a regulator output whereas output terminals of the transistors are connected to charge storage capacitors, which are charged by respective power generators for scavenging energy from the environment. The transistors begin conducting in sequence so that the storage capacitors begin contributing sequentially to the output current as each transistor conducts in sequence. The capacitors are charged up when they are not contributing to the output current.