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Eco One Energy

Eugene Wilkie Wed, 2011-03-09 11:16

Eugene Wilkie · Wed, 03/09/2011 - 12:16

Business

Business Overview: 

Eco One Energy LLC is a renewable energy system developer and integrator with over $2,000,000,000 in contract.

Project Location: 
Escondido, CA, 92029
United States
What are your future milestones, and how much capital will you need to achieve each of the milestones outlined?: 

We need to complete entitlement work on two of our very large projects.

What is your total and operating cash burn (the amount you're spending) per month? : 

$40,000

How many future rounds of financing do you project? : 

None

Who is the Customer?: 

Power consumers

What is the Customer Pain that you are solving?: 

We are providing green alternative sources of energy

Names of any current or recent customers: 

SDGE Edison CFE Mexico

What is the Target Market?: 

Utility companies

How big is the Target Market in terms of Annual Sales?: 
> $50B
Sales/Marketing Strategy: 

We do not need sales we are turning away contracts as our capital outlay is quite extensive right now as we focus on the large contracts we already have

Provide use cases : 

We have to complete our entitlement list for our projects.

Competition: 

Sempra Energy is developing next to us but they are not competition we are working together.

One-line Pitch: 

We have over $2,000,000,000 in contract and need to finish entitlement for project funding to kick in.

Business Model: 

We are a vertically integrated development, engineering, and construction company that has over $2 billion in contract.

Product/Services Overview (what does it do): 

We provide utility power for for utility companies

Technology

What makes the technology/business unique and have a defendable competitive advantage?: 

The founders all come from utility backgrounds unlike most who focus more on the sales side. We are able to obtain contracts because we have been in the industry for so many years

Describe in detail the technology used in the Project - Address the innovation in significant detail : 

We are using wind and solar we put out to bid for our equipment

What are the principles of the technology? : 

Standard up to date wind and solar technologies.

What, if anything, has been proven (and how far is this from a commercial scale)? : 

We are at commercial scale

What challenges/risk does the technology face for commercialization?: 

None it is excepted in the energy industry

Team

NameTitle
Eugene WilkiePresident
Ken OftedalCEO
Jeff PuzzulloCOO
John Wallace
Peter Martinson

Financials

Amount Sought: 
$4,000,000
If raising funds, what shall the funds be used for?: 

We have over $2,000,000,000 in contract the capital will be used to finish entitlement work to build wind and solar farms.

Pre-Money Valuation: 
$30,000,000
Amount invested by Founders: 
$8,000,000
Funding Stage: 
Growth
Internal Rate of Return (IRR): 
15%

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