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Proposed Symbol | |
---|---|
Company Name | One Power Co |
Exchange | |
Share Price | $ |
Employees | 78 (as of 09/30/2024) |
Status | |
Shares Offered | |
Offer amount | $100,000,000 |
Shares Over Alloted | |
Company Address | 12385 TOWNSHIP RD 215 FINDLAY OH 45840 |
Company Phone | 8772985853 |
Company Website | www.onepower.com |
CEO | Jereme Kent |
State of Inc | |
Fiscal Year End | 12-31 |
Total Offering Expense | $4,166,500.00 |
Shareholder Shares Offered | |
Shares Outstanding | 21,384,377 |
Lockup Period (days) | 180 |
Lockup Expiration | 2025-08-12 00:00:00 |
Quiet Period Expiration | 2025-03-25 00:00:00 |
CIK | 0002039139 |
DealId | 1322193-112689 |
We are a vertically integrated industrial power company that develops, builds, owns and operates on-site power solutions for large and emerging industrial customers. Our experienced team builds and operates MW-scale, mission-critical, high-voltage power systems outside our customers’ facility walls to deliver grid and renewable, behind-the-meter power to our customers. We develop and deliver a range of large-scale power solutions to our industrial customers including Megawatt Hubs, Wind for Industry, ManagedHV and Net Zero projects, which we believe are capable of redefining last-mile delivery of industrial power. We are a “self-perform” contractor, meaning we perform the majority of our construction activities directly, with substantial in-house capabilities for executing the construction of power infrastructure. We typically enter into long-term and medium-term agreements with our industrial customers for our power solutions. We believe the power grid is fundamentally and permanently changing from a centralized, utility-controlled grid to a decentralized customer-controlled grid. We refer to ourselves as a “Utility 2.0” company because we allow our customers to take control of their power future by making and using power where it is needed. We believe we have established our solutions as reliable, efficient and economical alternatives to the traditional “Utility 1.0” model and the aging power grid. As a result, we believe we have earned our customers’ loyalty and that our customers choose us to collaborate in the development and deployment of efficient, forward-looking power solutions. Unlike most traditional energy developers and independent power producers, we are a vertically integrated enterprise. We consider vertical integration to include development, engineering, procurement, construction, operations, ownership and obtaining the financing for most of our projects, all under one roof. This is made possible in part by our “design one build many” philosophy for engineering and construction. Our goal is to deliver better, faster and safer industrial energy solutions, thereby providing lower cost energy, higher-quality project delivery and a better customer experience. As a result, we believe we are uniquely positioned in the near and long term to take advantage of macro trends that are increasing industrial customer demand for on-site, low-carbon power solutions. --- We were originally formed as One Energy LLC in 2009 as a Minnesota limited liability company. On December 29, 2021, we redomiciled in Delaware, converted into a Delaware corporation pursuant to a statutory conversion and were renamed One Energy Enterprises Inc. On September 24, 2024, we changed our name to One Power Company. Our principal executive offices are located at 12385 Township Rd 215, Findlay, Ohio 45840. Our telephone number is 877-298-5853. Our website is https://onepower.com.