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Pelletco

Pelletco replaces oil heat in buildings with heat from 100% sustainable local wood pellets saving customer 20%. PPA like solar $0 capital and 10 yr contract

  • Stage $500K in TTM Revenue
  • Industry Clean Technology
  • Location Portland, ME, US
  • Currency USD
  • Founded October 2010
  • Employees 4
  • Website pelletco.com

Company Summary

Pelletco has existing customers and revenue and recently received $1.5M in funding from Clean Feet Investors.
Current price of #2 fuel oil in New England is $3.60/gal. Pelletco delivers heat at $2.99/gal. Customer signs 10 year contract and locks in heating costs. $0 upfront customer capital and full energy redundancy.

Team

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    James A Knight
    CEO

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    Michael Bilodeau
    CTO

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    Aaron Chase
    Supply Chain

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    Kyle Michael
    Technical

    Blue Water Energy

Advisors

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    Charles Micoleau (Curtis Thaxter) & Chris Howard (Pierce Atwood)
    Lawyer
    Unconfirmed

Previous Investors

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    James Knight
    Unconfirmed
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    Michael Bilodeau
    Unconfirmed
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    Eliot Cutler, Tim Patch, Dennis Logue, Ton Bentley,
    Unconfirmed