The Company is a renewable energy power provider specializing in solar energy solutions that make economic sense. The Company provides solar project development, solar power and battery storage product engineering, procurement, & construction (EPC) and operations and maintenance (O&M) services for residential, commercial, and non-profit clients. The Company also owns and maintains its own photovoltaic (PV) solar assets and has in-place long-term power purchase agreements (PPAs) with clients seeking to purchase energy generated from the Company's solar assets.
Key Aspects
· Recently recognized by Inc500 as one of the fastest-growing private companies (ranked #10) in the Midwestern region of the United States
· The Company's revenue grew at a compound annual growth rate (CAGR) of 53% from 2021 through 2024
· Gross margins grew at a consistent pace from 11% in 2021 to 34% in 2024
· Diverse service offerings enable the Company to provide a variety of solar energy solutions to commercial and residential clients
· Long-term PPA and service contracts in-place with commercial clients generating recurring revenue
· Established and widely recognized brand leads to strong lead generation through referrals
Opportunities
· Capitalize on $2 trillion investment in electrification of America with solar power generation as one of the lowest cost alternative
· Increase the quantity of operating & maintenance service contracts with residential and commercial clients to drive recurring revenue by implementing loyalty and rewards programs
· Penetrate new geographies to expand operations into untapped regions to become a national and an international renewable powerhouse
· Create a targeted marketing plan to increase client awareness of the Residential Clean Energy Credit that equals 30% of the costs of clean energy improvements installed anytime from 2022 through 2032
· Pursue additional rural, commercial, and agricultural opportunities via partnerships with rural and agricultural co-ops
· Pursue utility scale solar project opportunities on landfills, brownfields and former open-pit mines where the land cannot be utilized for any other development
· Partner with homeowner associations and with home builders to go after residential co-op projects where a group of homes can go solar in a given neighborhood at a discounted price
Headquartered
· Ohio, US
Current Markets
· The Company's solar powered system solutions are utilized by residential, commercial, and non-profit clients
Real Estate
· The Company operates from a 9,600 sq. ft. facility in Ohio equipped with office and warehouse space
· The facility is leased through 2028 from an unrelated third party and management notes the lease is assumable
Shareholder Objectives
· The Company has nine shareholders, two of whom are active in the management of the Company
· One of the owner operators is seeking to continue part-time as a consultant or business development advisor and the other owner operator is seeking to remain with the Company in his current role
· The seven inactive shareholders are seeking to divest from the Company
and pursue other opportunities
