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 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.
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.