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ENERGI SOLUTIONS
Overview
Energi Solutions is seeking $10-20 million of growth capital to provides dynamic renewable energy and energy efficiency solutions for homes and businesses in the US to reduce customer energy costs.
“More than panels” strategy – sell and install synchronized systems, such as solar panels, state-of-the-art energy efficient HVAC systems and batteries, as a complete and complementary energy efficiency solution
Launched operations in the fall of 2021 and generated almost $1.6 million in revenue before year-end, and almost $800,000 in January 2022
Jeff Chavez, former CEO of Avolta – a solar company with $150 million in sales and over 600 employees – leads an experienced team with prior success in all aspects of the business
ENERGI SOLUTIONS
Opportunity- Solar
Solar energy accounted for more than half (54%) of all new electricity-generating capacity in the US for the first nine months of 2021 – just 4% in 2010
Solar growth is mainly due to technological advancements, state and federal incentives to invest in clean energy, and corporate clean energy goals
Average cost to install solar has dropped over 70% over the past 10 years
Opportunity- HVAC
Spending on HVAC systems and installations in the US was $15.16 billion in 2020 – expected to expand 6.0% per year through 2028
Each year, three million US residential heating and cooling systems are replaced and $14 billion is spent on residential HVAC services or repairs
Availability of high-efficiency equipment, extreme climate conditions, and growing construction activities are primary factors driving the country’s HVAC demand
ENERGI SOLUTIONS
Strategy/Solution
Differentiated from competitors by providing “synchronized solutions” to homes and businesses
bundle solar panels with high efficiency HVAC and battery systems – (allows for fewer panels and cost savings)
consumer installed costs (pre-tax incentives): solar $25-100,000; solar batteries $9,000+; HVAC $4-10,000
installed costs for businesses vary and can be significantly higher
Provide whole-home water purification systems ($3,500+ per installation) – air purification systems typically bundled with all residential sales
Building large direct sales force, which has shown to be a successful strategy in CEO’s prior experience, as well as in-house installation team to handle most projects
ENERGI SOLUTIONS
Management Team
Jeff Chavez , Founder and CEO
Over 20 years of experience with several entrepreneurial endeavors in technology and venture capital
Was president of Avolta, a solar panel sales and installation company
Oversaw more than 600 employees and increased sales from $50 million to 150 million. Left Avolta to start Energi Solutions to provide a broader range of renewable energy and energy efficiency products and services to homes and businesses
Previously, CEO of Molecule Technologies, an HVAC and H2O absorption technology company. Ran Time Warner Media’s Digital Marketing Division in New York from 2009 to 2011
Earlier, built $20 million inside sales team at Northstar Ventures, which provided corporate training programs
Has raised over $75 million in private capital across various ventures.
Russ Johnson , Founder and EVP of Sales Operation
Over twenty years of experience in clean energy and solar system sales and construction
Regional sales leader and director of operations at Avolta, a solar panel sales and installation company, and completed over 350 solar installations.
Left Avolta with Jeff Chavez to start Energi Solutions. Previously, COO of Clean Energy Japan and managed over 100 employees, increasing revenues 6x from 2016 to 2019. University of Utah – David Eccles School of Business, BS, Business Administration, Japanese.
