Derecho Energy Storage Revenue

Renewable Energy • Calgary, Alberta, Canada • 1-10 Employees

Derecho Energy Storage revenue & valuation

Annual revenue	$85,555
Revenue per employee	$86,000
Estimated valuation?This valuation is estimated based on industry average for the Renewable Energy industry and current estimated revenues	$273,776
Total funding	No funding

Key Contact at Derecho Energy Storage

Darrin Foster

Founder/CTO at Derecho Energy Storage Inc.

Company overview

Headquarters	Calgary, Alberta, Canada
NAICS	33441
Founded	2021
Employees	1-10

About Derecho Energy Storage

Derecho Energy Storage Inc. is an Alberta based renewable energy corporation focused on developing innovative, low cost, earth based technologies for Long Duration Energy Storage (LDES). LDES is a critical technology required to solve for the intermittency of Variable Renewable Energy (VRE) generation, such as wind and solar. Without the ability to store days and weeks of energy at low cost, it will be impossible for VRE's to completely decarbonize the electricity grid and meet our collective climate goals. Commercial Goal: To take energy generated by renewables from a time when the marginal value is low, to a time when the marginal value is high Target Customer: Utility scale generators looking to improve the economics of wind and/or solar generation and transmission operators seeking grid scale energy storage technologies as a solution to congestion Target Market: Initially, to eliminate Simple Cycle gas, or "peaker plants", from the generation mix

Employees by Management Level

Total employees: 1-10

Seniority

Employees

C-Suite

Employees by Department

Derecho Energy Storage has 1 employees across 1 departments.

Departments

Number of employees

Funding Data

Derecho Energy Storage has never raised funding before.

Frequently asked questions

Derecho Energy Storage is located in Calgary, Alberta, CA.

Derecho Energy Storage generates an estimated annual revenue of $85,555. This revenue figure reflects the company's market position and business performance in its industry.

Derecho Energy Storage has an estimated valuation of $273,776. This valuation is calculated based on industry-standard revenue multiples and reflects the company's growth potential and market positioning.

Derecho Energy Storage was founded in 2021, making it 5 years old. The company has established itself as a significant player in its industry over this time.

Derecho Energy Storage has approximately 1-10 employees. The company continues to grow its workforce to support its business operations and expansion.

Key Contact at Derecho Energy Storage

Darrin Foster

Founder/CTO at Derecho Energy Storage Inc.

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