Energy Source
Overview
Energy Source is a prominent company providing turnkey comprehensive energy efficiency and electrification solutions. Founded in 2003, the company is headquartered in Smithfield, Rhode Island. Energy Source operates within various sectors including commercial, industrial, healthcare, and education. The company's approach to energy solutions includes comprehensive audits, management systems, and electrification projects, aiming to reduce energy consumption and enhance profitability for its clients.
Recent Developments
- January 18, 2025: Energy Source participated in the 6th Annual EV Charging Infrastructure US Conference, discussing federal and state-level initiatives supporting EV (Electric Vehicle) charging infrastructure expansion, especially backed by the Bipartisan Infrastructure Law and Inflation Reduction Act.
- December 2024: They announced new electrification projects aimed at reducing operational costs through smart energy solutions amid natural gas rate hikes in Massachusetts.
- November 2024: Energy Source completed an EV charging installation for a local auto dealer, showcasing advanced DC-Fast chargers to meet growing electric vehicle demand.
- October 2024: Hosted a showcase at Palmer Motorsports to promote electrification and sustainability, featuring partnerships with industry leaders like Lucid Motors and Polestar Boston.
- October 2024: Sponsored the National Grid 2024 Energy Solutions Summit, exhibiting solutions in decarbonization and improved energy efficiency.
- September 2024: Energy Source engaged in Massachusetts Clean Energy Week, demonstrating innovations in electrification for sustainable business practices.
- July 2024: Addressed rising energy costs with tailored energy efficiency solutions, promoting sustainable infrastructure investments.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2003 |
| Headquarters | Smithfield, Rhode Island |
| Founders | Not Specified |
| Revenue | Not Publicly Available |
| Profits | Not Publicly Available |
| Key Investors | InMotion Ventures |
| Industry | Renewable Energy and Electrification |
| Number of Employees | 51-200 |
Early History
Established in 2003, Energy Source began its journey in the energy sector by focusing on comprehensive energy audits and management systems for various industries. The company quickly developed strong connections with utilities such as National Grid and Eversource Energy, positioning itself as a significant player in the energy efficiency domain. Through strategic projects and consistent growth, Energy Source expanded its service areas across New England and strengthened its presence in the energy solutions market. Key to its growth was the adoption of innovative technologies in energy conservation and electrification strategies.
Company Profile and Achievements
Energy Source is renowned for its comprehensive energy efficiency solutions. Its business model revolves around conducting detailed energy audits, implementing energy-saving technologies, and providing strategic electrification solutions to various sectors. The company’s achievements include successfully executing numerous large-scale projects and forming partnerships with major utilities for energy conservation efforts.
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Milestones:
- Partnered with National Grid and other utilities for energy-saving projects.
- Completed state-of-the-art electrification projects in healthcare and education.
- Hosted industry conferences and participated in key renewable energy summits.
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Product Launches:
- Developed efficient HVAC and energy management systems.
- Pioneered successful EV charging infrastructure projects.
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Expansion Efforts:
- Expanded operations into Connecticut and Massachusetts by opening additional offices.
Current Operations and Market Position
Energy Source currently operates as a leading provider of energy efficiency and electrification solutions across the United States. Its focus on renewable energy technologies, like solar and EV charging, places it at the forefront of sustainable energy innovations. The company leverages partnerships with significant utilities to offer tailored energy solutions that align with modern energy demands. Energy Source's market position is bolstered by its commitment to reducing clients' carbon footprint while ensuring maximum profitability through reduced energy consumption.
Conclusion
Energy Source is a pivotal player in the renewable energy sector, providing critical solutions for energy conservation and electrification. Its comprehensive approach to energy management not only addresses immediate client needs but also fosters long-term sustainability and profitability. As Energy Source continues to lead in developing innovative solutions for a rapidly evolving market, its future impact on energy efficiency and sustainability is poised for significant growth and industry influence.