1. October 7, 2014
LACI 2014
Cleantech
Global Showcase
David Callaghan, Business Development
dcallaghan@nextility.com
(715) 577-3397
2. Nextility (Formerly Skyline Innovations)
Nextility is the largest financier, developer,
and operator of commercial-scale solar
thermal systems for small and medium-sized
enterprises in the United States.
LACI Global Showcase 2014 | October 7, 2014
3. Tax Equity Financing
• Third party ownership through an investor
• First within our industry to leverage $30 million tax-equity
fund for the development of solar-thermal
LACI Global Showcase 2014 | OCTOBER 7, 2014
4. In the Beginning…
Solar Thermal Water Heating
LACI Global Showcase 2014 | OCTOBER 7, 2014
5. Then Came PV…
Solar Photovoltaics (PV) + Solar Thermal Water Heating
LACI Global Showcase 2014 | OCTOBER 7, 2014
6. Today: Nextility Power & Gas
• Power and Gas Brokerage
• Same customer, same model, same energy savings
• Simple customer acquisition through signing of Terms of
Service (TOS)
LACI Global Showcase 2014 | OCTOBER 7, 2014
7. The Future
• Water Savings
• HVAC
• Variable Frequency Drives (VFDs)
• Lighting
LACI Global Showcase 2014 | OCTOBER 7, 2014
10. How We Will Get to The Future
• Continued Expansion / Strategic Growth
– New Markets
– New Offerings
– Expanded Team
• Maintain Focus
• Partnerships
LACI Global Showcase 2014 | OCTOBER 7, 2014
11. Thank You!
David Callaghan
Business Development
Dcallaghan@Nextility.com
(715) 577-3397
LACI Global Showcase 2014 | OCTOBER 7, 2014
Notas do Editor
- Largest Solar Thermal Developer
Nearly 200 systems installed, owned, and operated by Nextility
Operating in CA, DC, PR, HI, DE, MD
Plans to open MA and NY
We now also offer PV and energy brokerage
It is the focus on solar water heating through which we’ve become a real, profitable company, and have the ability to expand. Expansion is much of the story about Nextility as I’ll get into.
So how did we come to be such a strong developer of solar thermal?
The answer is tax equity
What is tax equity? We don’t have time today,
First large fund with Washington Gas, the actual utility in Washington DC set aside a $30 million fund for us. They wanted $100, but there was no way we could ever do that much business.
In the beginning…
Because of non-compete we began with solar thermal
Focus on small to medium sized market
Because the residential has Solar City’s and the WalMarts and Targets have solar too
Nobody ever did the small to medium sized market because of Barriers to Penetration and high costs to obtain new business
People at these places don’t have the time or resources to spend worrying about energy
Thus, we take care of everything for the customer
No-Cost solar in which we share the savings with the customer.
Our goal is to make things easy for the customer who doesn’t have time to worry about energy and costs.
Instead of giving them a menu, as many do, we give them one simple solution that we take care of start to finish
2 ½ years in we were finally able to begin developing solar PV. Our unique advantage here was that we were able to go back to our existing, and happy, SWH customers and pitch them PV. This is how we’ve gotten the ball rolling.
That brings us to today. As of a few weeks ago we launched our third offering – Nextility Power & Gas.
This is simply a fancy name for energy brokerage.
Statistics:
Total Revenue: $60,634
# TOS’s Signed: 132
Total Accounts Switched: 169
Just as we did with SWH and PV, our market is small to mid-size commercial, a place in which we have little competition.
Just like solar in the beginning, energy brokerage is provided for the big walmarts and targets, while individual home owners don’t offer enough of a profit margin for brokerage
Went back to existing SWH and PV customers
Same model of guaranteed savings without the necessity of capital or effort
Customer simply provides their utility login credentials, or provides a copy of a bill, and signs a terms of service
We then research their best possible provider to switch over to
Send them email asking if they’d like to make the switch
Press “Ok”
And it’s done. We switch them, provide a report of their monthly savings. Use our utility bill verification to make sure everything is ok, and monitor for better deals in oerder to continually switch them to best price
So far We’ve done…
TOS’s signed to offered
Total Revenue
We have the capital, we have the customers, the last thing we need is simply the product and a reason to adopt.
So how did we get here…
Expansion: Increasing Team size, geographies, and offerings
Focus: When you do a bunch of different things ok, it’s not nearly as good as doing 1 or 2 things extremely
well, as we have done to this point
Strategic Partnerships: Partnering with developers, owners, folks in the industry to help spread our offereing. Extremely important for Power and Gas as they’re able to sign people up on the spot with our TOS. Plus, we need volume!
Expansion: Increasing Team size, geographies, and offerings
Focus: When you do a bunch of different things ok, it’s not nearly as good as doing 1 or 2 things extremely
well, as we have done to this point
Strategic Partnerships: Partnering with developers, owners, folks in the industry to help spread our offereing. Extremely important for Power and Gas as they’re able to sign people up on the spot with our TOS. Plus, we need volume!