The Alternative Energy Store has been named one of the United States’ fastest growing private companies by Inc Magazine on their 2006 Inc. 500 List. Their commitment to consumer education, efficient use of technology, business model and commitment to the environment has positioned them to take off as the alternative industry continues to grow. The Hudson, Massachusetts based, privately held renewable energy purveyor ranked #440 on the list with an impressive 335.8% three year growth.
“We are excited and honored to be a part of the 2006 Inc. 500 List,” said Sascha Deri, one of Alternative Energy Store’s founding partners. “We're fortunate to have such a valuable team of hard working and dedicated people in our company. They have really been the reason for our success and rapid growth.”
The Alternative Energy Store is creatively taking advantage of the burgeoning renewable energy boom, helping consumers and business owners optimize their energy resources to spend less and reduce their dependency on fossil fuels. By branching into the South American market and offering a wide and deep product offering on their newly enhanced website, this efficient and dynamic company is positioned to further capitalize on a growing industry.
Clean technology is truly one of the industries to watch. More and more residences and businesses are seeking methods of reducing their dependencies on non-renewable fuel sources creating a spike in growth among solar panel, wind turbine and hydro-electric power system manufacturers. In fact, according to CleanTech.com, the alternative energy industry is now the 3rd largest venture capital investment category.
“Our industry is exciting, cost effective for the consumer and good for the environment and we are excited to bring consumer education and effective renewable energy products into the homes of our customers,” said Deri. “We look forward to bringing on more innovative products and growing our educational resources to support the growing worldwide community of alternative energy enthusiasts and we’re thrilled that Inc.com awarded us with this honor and opportunity!”
Inc.com is known as the Daily Resource for Entrepreneurs. The website, which supports the print magazine, delivers advice, tools, and services, to help business owners and CEOs start, run, and grow their businesses more successfully. You'll find information and advice covering virtually every business and management task, including marketing, sales, finding capital, managing people, and much, much more. Inc.com puts together the Inc. 500 each year to recognize companies who have achieved outstanding growth and who represent the true entrepreneurial spirit.
To be eligible for this year’s Inc. 500, companies had to be U.S.-based, independent and privately held through their fiscal year 2005, and have had at least $500,000 in net sales in the base year of 2002. In addition, their 2005 sales had to exceed 2004 sales. Companies are ranked on cumulative three-year sales growth from 2002 to 2005. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.
Founded in 1998 by three environmentally aware engineers, the Alternative Energy Store is an incredible resource for learning about and purchasing renewable energy products online. Located in the Hudson, Massachusetts, the Alternative Energy Store has grown to become a leader in the online and catalog retailers of solar, wind and hydro power systems. They have clients throughout the Americas, Europe, Africa, Asia, Australia, and New Zealand and even in Antarctica.