May 30, 2017 9:59 AM ET

Electronic Equipment, Instruments and Components

Company Overview of Inovateus Solar LLC

Company Overview

Inovateus Solar LLC distributes solar energy products. It offers panels, inverters, and miscellaneous components. The company also offers installation services. It serves commercial, residential, and utility customers; and municipalities, warehouses and distribution centers, green building projects, universities, businesses, schools, and hospitals in the United States. The company offers its products through dealers in the United States. The company was founded in 2004 and is based in South Bend, Indiana.

19890 State Line Road

South Bend, IN 46637

United States

Founded in 2004

Phone:

574-485-1400

Fax:

574-485-1419

Key Executives for Inovateus Solar LLC

President and Director
Vice President of Operations
Chief Revenue Officer
Compensation as of Fiscal Year 2016.

Inovateus Solar LLC Key Developments

Inovateus Solar LLC Hires Mike Pound as Chief Revenue Officer

Inovateus Solar LLC has hired Mike Pound as its chief revenue officer. He will be responsible for developing and implementing strategies for increasing and balancing the multiple revenue streams of the company.

Alterra Power Corp. and Inovateus Solar LLC Announce Execution of an Amended and Restated Power Purchase Agreement

Alterra Power Corp. and Inovateus Solar LLC have announced the execution of an amended and restated power purchase agreement under which Spartan PV 1, LLC (the Project) is expected to sell power to the Board of Trustees of Michigan State University ("MSU"). Under the agreement, the Project, a 15.5MWDC (10.1MWAC) solar power plant to be located on carports on the Michigan State University campus, will sell 100% of its power to MSU for 25 years on substantially the same commercial terms as the original agreement, except that the required date for the full project to enter operations has been extended to the end of 2017. Alterra and Inovateus intend to jointly own the Project under their previously announced agreement, commence construction in early 2017 and achieve commencement of commercial operations later in the year. In conjunction with the amendment, Inovateus has placed a $500,000 security supporting delivery under the power purchase agreement.

Inovateus Solar Adds Gary Gigot and Tim Sutherland to its Board

Inovateus Solar LLC has expanded its board of directors, adding Gary Gigot, co-founder and CEO of Vennli, and Tim Sutherland, founder, chairman and CEO of Middleburg Capital Development. Gigot and Sutherland join current board members Ashley Brickley, George Howard, and TJ Kanczuzewski, president of Inovateus Solar. Gary Gigot is the co-founder and CEO of Vennli. His executive resume includes Microsoft, where he served as vice president of marketing, and Visio, where he was chief marketing officer, as well as consultative and board positions at Optimum Energy, Sesame Communications and DocuSign. Tim Sutherland is founder, chairman and CEO of Middleburg Capital Development. Before forming Middleburg Capital, he was the founder, chairman and CEO of Pace Global Energy Services, LLC.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 20, 2016
Inovateus Solar LLC, 20 MW Solar Portfolio
 

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