Pinnacle Renewable Energy Growth, Revenue, Number of Employees and Funding

Overview

Location:
Richmond, BC Canada
Total Funding:N/A
Industry:Environmental
Founded:1989
Lead Investor(s):N/A
Press

Estimated Revenue & Financials

  • Pinnacle Renewable Energy's estimated revenue is currently $24.8M per year.
  • Pinnacle Renewable Energy's estimated revenue per employee is $196667

Employee Data

  • Pinnacle Renewable Energy has 126 Employees.
  • Pinnacle Renewable Energy grew their employee count by 18% last year.
  • Pinnacle Renewable Energy currently has N/A job openings.

Executive Contacts

NameTitle
Andriy OstapyshynDirector Of Information Technology
Erin StrongHuman Resources Director
Scott BaxSenior Vice President Operations
Leroy ReitsmaPresident and COO
Paul PawlowskiDirector - Energy & Environment
Hugh MacDiarmidDirector
Eugene LupynisDirector - Marine Logistics
Vaughan BassettSenior Vice President - Sales and Logistics
Andrew BowdenDirector - Financial Planning and Analysis, Mergers and Acquisitions
Andrea JohnstonChief Financial Officer

What Is Pinnacle Renewable Energy?

We are a rapidly growing industrial wood pellet manufacturer and distributor and are the third largest producer in the world. We produce renewable fuel for electricity generation in the form of industrial wood pellets, which are used by global utilities and largescale power generators to produce renewable and reliable baseload power. We are a trusted supplier to our customers, who require reliable, high quality fuel supply to maximize utilization of their facilities. The industrial wood pellet industry is experiencing an extended period of rapid demand growth driven by increased European and Asian support for carbon reduction regulations, with end market demand expected to grow at over 17% annually through 2021. As one of only three large global suppliers, we currently operate seven industrial wood pellet production facilities with a combined production capacity in excess of 1.4 million metric tons, and are well positioned to support this rapidly growing demand through construction of new capacity.   The next phase of growth is underway: - February 6, 2018: Completed our Initial Public Offering on the Toronto Stock Exchange.   - March 2018: Began commissioning our newest greenfield project and first footprint in Alberta, with our Entwistle, AB Pellet Production Facility. We are proud to have created over 70 jobs in the local economy and choose to live our values by creating a progressive and sought after positive work environment.   - March 2018: Commenced the re-development of Smithers to a wood Pellet Production Facility, in partnership with West Fraser. This will invest another 40 jobs into the local community.     We have identified and intend to pursue several new market development opportunities in geographies such as Eastern Canada, the U.S. Southeast, the U.S. Pacific Northwest, and Western Canada. There is room to grow at Pinnacle Renewable Energy

keywords:N/A

126

Number of Employees

$24.8M

Revenue (est)

N/A

Current Jobs

18%

Employee Growth %

N/A

Total Funding

N/A

Valuation

N/A

Accelerator

N/A

Type

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Pinnacle Renewable Energy News

08/14/2019 - Pinnacle Renewable Energy entered into a limited partnership ...

Pinnacle Renewable Energy entered into a limited partnership ... Under the terms of the Partnership, Pinnacle and Tolko will each own a 50% ...

08/12/2019 - Pinnacle Renewable Energy Reports Fiscal 2019 Second ...

12, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (PL.TO) today announced its financial results for the quarter ...

09/06/2019 - ?Global Biomass Charcoal Market 2019 – German Pellets ...

German Pellets, Enviva, Pinnacle Renewable Energy Group, Pacific BioEnergy Corporation, Vyborgskaya Cellulose, Rentech, Graanul Invest ...