[SLIDESHOW] Inside Vivint Solar
Vivint Solar recently announced its intention to put forward a $200 million IPO and the industry has plenty of attention focused on the second largest solar installer in the U.S.
The IPO is being backed financially by some big investors, such as Goldman Sachs. The company has grown rapidly since its inception in 2011 and is giving SolarCity, the country’s largest PV installer, something to think about.
So, what does the up-and-coming solar giant look like?
Perhaps not surprisingly, Vivint positions itself as a fun place to work where employees are valued. Retention is a big deal in any organization, but Vivint ensures that employees feel valued and their time at the company is well spent.
While PV is Vivint’s main business, people are its real focus. The company utilizes a door-to-door sales strategy and focuses in on key areas, rather than spreading itself out across a wide swath of territory. The way Vivint approaches its customer interactions are key to how it does business. They’re very aware that there plenty of other solar companies willing to take customers’ business. Vivint wants to offer something different—a more personalized approach to solar.
Essentially, this starts with its employees. Vivint is able to create more than “salespeople.” By putting stock in its employees and ensuring they’re kept happy and treated well, it creates brand ambassadors—ones who will literally walk door to door to get people to switch to solar.
Flip through our slideshow above and take and get a feel for Vivint Solar’s corporate culture. By the end of it, you might find that the $200 million IPO makes a lot more sense.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.