L

Lumio

www.lumio.com link_icon

Company Research Report on Lumio



Company Overview



  • Name: Lumio

  • Mission: Lumio's mission is to deliver solutions that decentralize power, elevate communities, and provide authentic sustainability.

  • Founded: Formed in 2021 through the acquisition of four regional solar companies.

  • Key People:

  • Andrew Walton, Chief Executive Officer

  • Brendan Smith, President

  • Dan Larkin, Chief Strategy Officer

  • Kellon Izatt, Chief Sales Officer

  • Nate Sumbot, General Counsel

  • Steven King, Chief Technology Officer

  • Hannah Ramsey, Chief of Staff

  • Parry Jarman, SVP of Finance

  • Steve Erickson, SVP of Corporate Operations

  • Griffen Merrill, VP of New Home Builds

  • Jennica Zern, VP of Human Resources

  • Headquarters: No information is available

  • Number of Employees: No information is available

  • Revenue: No information is available

  • Known For: Lumio is known as a leading private solar company, delivering sustainable power solutions to homeowners nationwide.


Products



  • Rooftop Solar Systems:

  • Description: Lumio offers rooftop solar systems that enable customers to save money, contribute to environmental conservation, and achieve energy independence.

  • Key Features:

  • Home Preparation: Involves financing and design for solar installation.

  • Solar Installation: Implementation of approved solar designs.

  • Power Production: Maximizing the use of solar energy for home power needs.

  • 25-year Manufacturer's Warranty: Covers solar panels to maintain at least 80% production levels.


  • Solar Financing Options:

  • Owned Systems: Higher upfront costs with ownership benefits and potential property value increase.

  • Leased Systems: Low or no upfront costs, fixed monthly rates, and savings on utility bills.


  • Home Builder Program:

  • Offering best-in-class support to integrate solar systems into new home constructions.


Recent Developments



  • New Executive Appointments:

  • Andrew Walton appointed as CEO.

  • Brendan Smith appointed as COO.

  • Dan Larkin joins as Chief Strategy Officer.

  • Carine Clark joins as Chief Innovation Officer.

  • Greg Butterfield named CEO.


  • Financial Developments:

  • Lumio completed a $110 million investment from White Oak and Fiera Comox.

  • Filed voluntary petitions for Chapter 11 relief to effectuate sale transaction and strengthen financial position.


  • Program Expansion:

  • Expanded Builder Program with the addition of Griffen Merrill as VP of New Home Builds.


  • Legislative Engagements:

  • Issued official statements regarding the Inflation Reduction Act (IRA) and Florida House Bill 741.


  • Technical and Market Introductions:

  • Streamlined solar installation processes with vertical integration.

  • Utilized regional expertise and national purchasing power for competitive pricing and service.


  • Eco-Innovations:

  • A focus on personalized power systems including solar panels and backup battery storage options to promote off-grid systems.


This detailed report is constructed using the available data and provides an in-depth view of Lumio's operations, offerings, and recent activities. Any section marked as "No information is available" indicates the lack of specific data.