Solar for Working Class Families Propels National Prominence of PosiGen in Inc.'s 5,000 Fastest Growing Private Companies

"Blue Collar Solar" Leads Energy Sector and Fuels National Expansion

Aug 17, 2015, 15:24 ET from PosiGen Solar Solutions

NEW ORLEANS, Aug. 17, 2015 /PRNewswire/ -- Inc., one of the nation's top business publications, may have shocked many in the energy sector when it revealed its list of the 5,000 fastest growing companies in the United States.

Certainly, no one in the energy sector could guess that a solar business would be the top growth company in Louisiana, nor would anyone believe that a company from the oil fields offering solar leases, almost exclusively to low- and moderate-income homeowners, would rank sixth in the energy sector overall, second among solar companies (with the highest revenue at $68.7 million), and 58th among the entire list of 5,000.

But that's exactly what New Orleans-based PosiGen Solar Solutions accomplished.

"Clearly, our unique business model resonates with customers and leaders throughout the country. It is the driver of our continued national growth," said Thomas Neyhart, CEO of PosiGen. "Our technology and focus on helping low- and moderate-income families make us the type of business states want in their communities."

PosiGen has taken its unique solar lease offerings from Louisiana to Connecticut, Florida and New York.

"We are a new kind of solar company. Traditionally, residential solar systems were accessible only to the rich, but PosiGen is different. By aspiring to be the Southwest Airlines of the solar industry – well managed and affordable – we have staked a position as the industry's 'blue collar solar company,'" said Aaron Dirks, co-founder of PosiGen. "We provide a great product that helps families, and customers are speaking with their pocketbooks when it comes to renewable energy."

"We're proud that PosiGen has led Louisiana in Inc.'s 5,000 Fastest Growing Companies list. PosiGen has developed a comprehensive program that enables low-and moderate-income homeowners to take advantage of renewable energy, an area where Goldman Sachs has a longstanding commitment and a goal to deploy $40 billion of capital globally," said Margaret Anadu, managing director in the Urban Investment Group at Goldman Sachs. "The energy cost savings generated for these families are incredibly important, allowing greater economic choice in addressing daily household needs. This investment also supports the Urban Investment Group's focus on job creation as PosiGen will bring new, high-quality jobs to New York, Louisiana, and Connecticut communities."

Headquartered in New Orleans, PosiGen Solar Solutions is one of the nation's leading residential solar, energy efficiency and energy education providers. PosiGen has more than 7,000 residential customers, 165 direct employees and 150 contract employees in Louisiana, Connecticut, New York and Florida. PosiGen's unique services and products make solar energy affordable to homeowners of all income levels, and offers individuals, families and businesses the opportunity to achieve greater fiscal autonomy and energy independence by lowering their utility bills. To learn everything about PosiGen, please visit www.posigen.com.

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SOURCE PosiGen Solar Solutions



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