Williston, Vt.
Website
Founded: 2005
Employees: 26
Revenue 2010: $10 million
Revenue 2011 (projected): $22 million to $25 million
After several years selling small-scale wind turbines without making a profit,
founder David Blittersdorf, 54, realized that current policies and government
incentives make solar a more viable business, especially as more businesses,
government entities, and residential communities invest in the sector. The
company manufactures and installs solar panels that move with the sun using GPS
to maximize the amount of the sun's energy reaching the panels. A home system
costs about $33,000 up front or can be leased with the choice of buying the
system after five years for about $10,000. Blittersdorf—who in 1982
founded NRG Systems to make tools to measure wind for the wind energy
industry—says AllEarth Renewables has been profitable since 2010, when
sales reached more than $10 million. Blittersdorf has focused on the Vermont
market but plans to expand throughout the Northeast this year. "I believe
we can create an energy future that does not rely on fossil fuels or dangerous
nuclear power," he says. —VW