Renewable Energy Company

Renewable Energy Company Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Tired of skyrocketing energy bills and environmental concerns? Consider starting a renewable energy company.

In simple terms, this business focuses on generating energy from natural and sustainable sources like solar, wind, and geothermal power. The core of the work involves installing, managing, and possibly even innovating renewable energy systems and technologies.

The global shift towards green energy offers a robust and expanding market. With increased awareness and governmental incentives, setting up a renewable energy firm could be both financially rewarding and beneficial for the planet.

This venture not only promises a substantial income but also lets you contribute to a sustainable future, making it a compelling option for those passionate about clean energy and technological innovation.

In this list, you'll find real-world renewable energy company success stories and very profitable examples of starting a renewable energy company that makes money.

1. KelTech IoE ($1.8M/year)

Mark Kellett, founder of KelTech IoT, came up with the idea for his business after experiencing the challenges of building advanced Telecoms and Energy Networks. He saw that the existing approaches were leading to a growth in energy and resource consumption, which inspired him to create more efficient and sustainable solutions. The company has already won accolades, including coming 1st out of 800 entrants in a Global Utility Start-up competition and being asked by Amazon to showcase their solution at the finals of their Clean Energy Accelerator.

How much money it makes: $1.8M/year
How much did it cost to start: $2M
How many people on the team: 12

On Building The Next Generation Communication And Energy Network Infrastructure

KelTech IoT founder Mark Kellett shares insights on building a next-generation energy and infrastructure company bridging the energy and telecoms gap by creating more efficient and sustainable solutions as network demands increase in the age of IoT, with projected revenues expected to be greater than $100M after 5 years.

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