Crystal Research Associates has issued a 56-page Executive Informational Overview® (EIO) on Juhl Energy, Inc. (JUHL-OTC). Juhl Energy and its wholly-owned operating subsidiaries are engaged in the development and provision of competitive, clean energy solutions across the U.S. and Canada, with a focus on wind, solar, biomass, and natural gas systems. The Company’s activities can be categorized in three areas: (1) wind farm ownership; (2) development and system sales; and (3) engineering and field services. In the past 15 years, Juhl Energy has completed 23 wind farms that generate a total of 240 megawatts (MW) of wind power. Another 20 projects are in development, including a wind farm at Indiana’s Purdue Energy Park and New York’s first community wind project, the Black Oak Wind Project. In addition, the Company has an ownership stake in multiple wind farms (approximately 25 MW) and provides operation management and maintenance services for renewable energy assets.
Juhl Energy’s leadership has been credited with pioneering community wind farms, developing the financial, operational, and legal structure for providing local ownership of rural wind farms. The Company also installed the first onsite wind turbines for the North American automotive industry, which are outperforming expectations by generating over 10% of the electricity required at a Honda Transmission Manufacturing plant in Ohio. Juhl Energy expanded its reach into small-scale renewables with the addition of PVPower Inc.’s solar packages in early 2014, and also entered into business-to-business engineering consulting by acquiring engineering firm Power Engineers Collaborative in 2012.
Distributed electricity generation, such as what Juhl Energy provides, is thought to be a disruptive force impacting a utility industry that has historically had only modest technology changes. In less than a decade, analysts expect global distributed generation capacity to essentially double. Moreover, the fastest-growing source of electricity generation through 2040 is projected to be renewable energy, with solar, wind, and biomass forecasted to expand by over 140%—outperforming growth rates of all other electricity fuels, including natural gas and coal-fired generation.
Juhl Energy reported revenues of more than $14.1 million in 2014, a roughly 5.6% increase over revenues in 2013. At December 31, 2014, the Company had cash of over $3.1 million.