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Acro Energy Technologies Corp. (ART:CA)
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Web site:
http://www.acroenergy.com/
A solar company founded on customer service
Acro Energy’s Chief Operating Officer, Steve Vella, founded his solar energy company (Acro Electric) at a modest location in Oakdale, California in 2000. Mr. Vella recognized the advantages that solar brings to the community based on both need and opportunity.
The need:
Homeowners and business-owners alike need clean, endlessly renewable, free electrical energy. In Oakdale, within the heart of California’s Central Valley, that need is felt very acutely.
Daily summer temperatures there typically exceed 100 degrees Fahrenheit, and summer lasts six months a year! Air conditioning in the valley is not a luxury. It’s a necessity. Unfortunately, it’s a necessity that many residents are finding harder and harder to afford.
Utility rates rise an average of 6.7% per year. Mr. Vella saw that many of his neighbor’s and clients were struggling with monthly electrical bills of $300, $500, and even bills in excess of $700 per month.
The opportunity:
Electrical rates have been advancing in leaps. But so has solar energy technology.
Solar panels have doubled in efficiency since the 1970s. Design has also improved and solar panels are now more aesthetically pleasing. Today, solar simply makes sense. Municipal agencies agree. City planning offices are now accustomed to issuing permits, and utilities have processes for integrating homeowners’ solar systems with the power grid. Acro played a pivotal role, working with local utilities and building departments, in this process within many of the communities we serve.
The most powerful factor, when it comes to addressing the opportunity for solar power, is the advent of generous government incentives – rebates and tax credits make solar not only affordable but incredibly smart.
The commitment:
Acro has grown over the last decade from a small one-man company into a thriving business. The company’s growth has been achieved by holding the highest standards in customer service and quality. In 2009, Acro Electric joined with Lonestar Capital to become Acro Energy Technologies - a publicly traded company (ART) on the TSX Venture Exchange, to raise capital for expansion into a national territory.
Acro currently has more than 60 employees with new offices in Concord and Pleasanton, California. Acro Energy is pursuing growth through the purchase of strong, capable solar integration companies across California—and soon, across the U.S. The goal is to unite the nation’s most reliable, professional solar integrators into a national leader that will remain focused on the highest standards of customer service and quality.
ART:CA
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