PowerSecure

PowerSecure is a company that provides energy solutions to electric utilities and their industrial, institutional, and commercial customers. Its products and services include energy-efficient lighting solutions that utilize LED technologies to improve lighting quality and the design, installation, and maintenance of energy conservation measures. Additionally, the company provides electric utilities with transmission, distribution, and substation infrastructure maintenance and construction services along with engineering and regulatory consulting and compliance services.

Employee Rating

3.2More
TypeSubsidiary
Parent CompanySouthern Company
HQWake Forest, US
Founded2000
Websitepowersecure.com
Cybersecurity ratingAMore
PowerSecure was founded in 2000 and is headquartered in Wake Forest, US

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Key People/Management at PowerSecure

Eric Dupont

Eric Dupont

Executive Vice President and Chief Commercial Officer
Ronnie Brannen

Ronnie Brannen

President of Utility Infrastructure and Chief Utility Officer
George Imel

George Imel

President VA
Jim Smith

Jim Smith

President, PowerSecure Energy Efficiency
Kyle Roberts

Kyle Roberts

Vice President of Strategic Assets
Nolan Primm

Nolan Primm

SVP of East Region
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PowerSecure Office Locations

PowerSecure has an office in Wake Forest
Wake Forest, US (HQ)
1609 Heritage Commerce Ct.
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PowerSecure Financials and Metrics

Summary Metrics

Founding Date

2000

Total Funding

$40 m
In total, PowerSecure had raised $40 m. PowerSecure is a subsidiary of Southern Company

PowerSecure Revenue

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View revenue for all periods
PowerSecure's revenue was reported to be $443.70 m in FY, 2015 which is a 72.9% increase from the previous period.
Annual
USDFY, 2014FY, 2015

Revenue

256.7m443.7m

Revenue growth, %

73%

Cost of goods sold

192.1m342.5m

Gross profit

64.6m101.2m
Quarterly
USDQ1, 2016

Revenue

105.2m

Cost of goods sold

95.9m

Gross profit

9.3m

Gross profit Margin, %

9%
Annual
USDFY, 2014FY, 2015

Cash

33.8m18.4m

Accounts Receivable

81.4m137.9m

Prepaid Expenses

3.5m3.4m

Inventories

35.1m64.1m
Quarterly
USDQ1, 2016

Cash

6.4m

Accounts Receivable

115.9m

Prepaid Expenses

2.4m

Inventories

65.8m
Annual
USDFY, 2014FY, 2015

Net Income

(7.0m)5.8m

Depreciation and Amortization

8.9m10.5m

Inventories

(17.7m)(28.9m)

Accounts Payable

15.3m48.0m
Quarterly
USDQ1, 2016

Net Income

(9.9m)

Depreciation and Amortization

2.7m

Inventories

(1.8m)

Accounts Payable

(30.9m)
USDFY, 2014

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.7 x
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PowerSecure Operating Metrics

Jul, 2020

Patent Applications

1

Patents

4

Solutions

2

Trademarks

35
Show all operating metrics

PowerSecure Acquisitions / Subsidiaries

Company NameDateDeal Size
Solais LightingApril 15, 2013
ESCOMarch 01, 2013

PowerSecure Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

PowerSecure Revenue Breakdown

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PowerSecure revenue breakdown by business segment: 33.1% from Distributed Generation, 21.1% from Solar Energy, 31.9% from Utility Infrastructure and 13.8% from Energy Efficiency

PowerSecure Online and Social Media Presence

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PowerSecure Frequently Asked Questions

  • When was PowerSecure founded?

    PowerSecure was founded in 2000.

  • Who are PowerSecure key executives?

    PowerSecure's key executives are Eric Dupont, Ronnie Brannen and George Imel.

  • How many employees does PowerSecure have?

    PowerSecure has 600 employees.

  • What is PowerSecure revenue?

    Latest PowerSecure annual revenue is $443.7 m.

  • What is PowerSecure revenue per employee?

    Latest PowerSecure revenue per employee is $739.5 k.

  • Who are PowerSecure competitors?

    Competitors of PowerSecure include MasTec, WGL and Nexant.

  • Where is PowerSecure headquarters?

    PowerSecure headquarters is located at 1609 Heritage Commerce Ct., Wake Forest.

  • Where are PowerSecure offices?

    PowerSecure has an office in Wake Forest.

  • How many offices does PowerSecure have?

    PowerSecure has 1 office.