Company Research Report: Priority Power

Company Overview

• Name: Priority Power Management, Inc.

• Mission: Leading the energy transition with innovative client-focused solutions built upon integrity, trust, and transparency.

• Vision: To lead the energy transition by helping clients decarbonize efficiently and economically.

• Founded: January 2001

• Founder: No information is available

• Key People:

• Brandon Schwertner - Chief Executive Officer

• Trent Stout - Chief Commercial Officer

• Joe Loner - Chief Financial Officer

• Bobak Fatemizadeh - Chief Legal Officer

• Jackie Wolf - Chief Human Resources Officer

• Headquarters: 2201 E Lamar Blvd. Ste 275 Arlington, TX 76006

• Number of Employees: No detailed number provided

• Revenue: No information is available

• Known For: Priority Power is known for its energy management services, procurement, and developing energy infrastructure aimed at providing sustainable and efficient energy solutions.

Products

• Energy Optimization Services:

• Offers smart energy solutions and customized strategies through their proprietary platform, PriorityView™, managing $1 billion in annual energy spending across 40+ states.

• Energy Infrastructure Services:

• Develops, engineers, procures, constructs, owns, and operates critical energy infrastructure assets.

• Energy Structuring Services:

• Provides access to wholesale power costs and designs energy commodity costs aligned with clients' risk tolerance levels.

• Asset Management Services:

• Manages over 50 energy infrastructure sites using demand curtailment strategies that reduce costs and optimize energy usage.

• Market Intelligence Operations:

• Utilizes proprietary software for energy market data to offer competitive pricing and effective energy solutions.

Recent Developments

• New Partnerships:

• Partnered with Continuum Powders and AirGas for renewable energy sources (April 2024).

• Acquisitions:

• Acquired AB Power Advisors, enhancing regulatory advisory services (October 2023).

• Acquired the solar development business of Affordable Gas, expanding renewable energy capabilities (August 2023).

• Financial Growth:

• Secured a $250 million credit facility led by BMO Harris Bank to fuel future growth (November 2023).

• Awards and Recognitions:

• CEO Brandon Schwertner named Entrepreneur Of The Year® 2024 Southwest Award winner by EY (July 2024).

• Received various awards in 2023 for excellence in finance and engineering, highlighting Priority Power’s position as a leader in energy services.

• Philanthropic Efforts:

• Launched the Priority Impact Foundation to promote community welfare through volunteer activities and partnerships with charitable organizations.

• Held annual nationwide philanthropy day, "IMPACT DAY" to engage employees in community service activities (July 2023).

• Technological Advancements:

• Launched PriorityGEM platform for GHG Emissions Management in 2022 to support businesses in tracking energy usage and emissions.

Notes

• Innovative Approach: Priority Power stands out by leveraging advanced market intelligence and sustainable infrastructure strategies to meet the evolving energy landscape needs.

• Community Impact: Beyond business operations, there is a strong emphasis on community engagement and sustainability through its dedicated foundation and annual Impact Day initiatives.

The above structured overview provides a comprehensive insight into Priority Power’s functioning, key offerings, and its recent strides towards fostering sustainable energy solutions and community involvement.