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 $21M per year.
  • Pinnacle Renewable Energy's estimated revenue per employee is $177966

Employee Data

  • Pinnacle Renewable Energy has 118 Employees.
  • Pinnacle Renewable Energy grew their employee count by 18% last year.
  • Pinnacle Renewable Energy currently has N/A job openings.

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

118

Number of Employees

$21M

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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