Element Power is a renewable energy developer which acquires, develops, builds, owns, and operates a portfolio of wind and solar power generation facilities worldwide. Its activities include site selection, land acquisition, permitting, resource assessment, interconnection and transmission, project design and engineering, origination, financing, construction, and operation and maintenance. The Company serves landowners, communities, other developers, utilities, government entities, and equipment suppliers.

Type
Private
HQ
London, GB
Founded
2008
Size (employees)
60 (est)+6%
Element Power was founded in 2008 and is headquartered in London, GB
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Key People/Management at Element Power

Mike ONeill

Mike ONeill

Chief Executive Officer
Nick Hexter

Nick Hexter

Chief Financial Officer
Alistair Metcalfe

Alistair Metcalfe

General Counsel
Tim Cowhig

Tim Cowhig

Director
Sean Maguire

Sean Maguire

Commercial Director
Adam Schwarz

Adam Schwarz

Technical Manager
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Element Power Office Locations

Element Power has offices in Helsinki, Cork, Edinburgh, Greater London and in 4 other locations
London, GB (HQ)
42 Upper Berkeley St
Edinburgh, GB
Ben Dearg Forsyth House 93 George St
Edinburgh, GB
3rd Floor, Ben Dearg Suite, Forsyth House, 93 George Street
Greater London, GB
Meridien House 43 Upper Berkeley St
Helsinki, FI
5C Mannerheimintie
Helsinki, FI
7 Bulevardi
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Element Power Financials and Metrics

Summary Metrics

Founding Date

2008

Total Funding

$183 m

Latest funding size

$183 m

Time since last funding

6 years ago
Element Power's latest funding round in February 2012 was reported to be $183 m. In total, Element Power has raised $183 m
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Element Power Financials

Element Power's revenue was reported to be £1.14 m in FY, 2016
GBP

Revenue (FY, 2016)

1.1 m

Gross profit (FY, 2016)

(317 k)

Gross profit margin (FY, 2016), %

(27.8%)

Net income (FY, 2016)

(5 m)

EBITDA (FY, 2016)

(1.4 m)

EBIT (FY, 2016)

(1.5 m)

Cash (31-Dec-2016)

53 k
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.6 m1.8 m2.3 m2.2 m3.2 m3.6 m2.7 m1.1 m

Revenue growth, %

10%(24%)

Cost of goods sold

1.7 m2.1 m2.2 m3 m3.3 m2.4 m1.5 m

Gross profit

83.1 k144 k79 k282 k280 k330 k(317 k)
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

375 k232 k543.2 k94 k317 k537 k358 k123 k53 k

Accounts Receivable

109 k1 k1 k

Current Assets

643 k2.5 m2.6 m3.4 m1.8 m7.5 m5.9 m7.9 m9.9 m

PP&E

237 k216 k161.6 k105 k52 k82 k65 k53 k37 k
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(1.5 m)(1.2 m)(1.3 m)(55 k)(123 k)(497 k)483 k(197 k)(5 m)

Cash From Operating Activities

(330 k)(3.4 m)(742 k)2 m(400 k)(7.6 m)(3.2 m)(4.5 m)

Cash From Financing Activities

958 k3.3 m466 k(1.6 m)713 k7.4 m3.1 m4.5 m

Net Change in Cash

375 k(143 k)(449 k)207 k220 k(179 k)(239 k)(72 k)
GBPY, 2016

Revenue/Employee

20.2 k

Financial Leverage

-1.1 x
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