Matthew Rounds leaves the relative comfort of corporate America and big energy with the quixotic goal of creating the preeminent energy consulting firm in New Hampshire. Matthew, along with fellow energy professionals Austin Eaton and Richard Harding, founds Standard Power of America Inc as an electricity brokerage service.
We land our first commercial client, Index Packaging in Milton NH.
Standard Power starts 2011 with twelve clients.
The company doubles down on its focus and commitment to becoming experts to the needs of its New Hampshire clientele. Standard Power begins brokering natural gas supply in addition to electricity.
Standard Power rents its first office: a single room on the top floor shared with another firm. It small and dingy, but the folks at Standard Power are excited to finally be able to stop working out of their kitchens.
Standard Power hires its first full time employee: Sean Tumblety.
Standard Power has quadrupled its client base to 50.
The company becomes economically self-sustaining and bootstraps future growth and expansion to the company’s revenue.
Robert Hayden joins Standard Power. His expertise in engineering and advanced technologies greatly rounds out the Standard Power team.
Standard Power increases its client base to 130.
To better serve its customers, the company begins to build a network of partner companies with complimentary services. The goal is to allow Standard Power to advise and manage synergistic solutions in a disparate and complex energy environment. Throughout the year, the company executes partnership agreements with local lighting, energy auditing, and efficiency companies.
Richard Harding, one of the original founders, retires to Florida.
Standard Power launches the first municipal consortium centered around twelve towns and school districts in the Monadnock region. The consortium, which uses 11 million kWhs/year, saves a combined $325,000 in its first year. The supply is also 100% renewable energy!
Standard Power (with strategic partner, the IRC Group) executes its first solar project at the New Harvester Market in Henniker NH.
Standard Power’s client base surpasses 200.
Sean Tumblety leaves Standard Power to pursue his own entrepreneurial dream and founds Eco-Smart Landscaping.
Standard Power launches a second municipal consortium of nine towns and school centered in southeastern NH. In addition, the Monadnock consortium re-ups for a second round. The combined group (24 million kWhs/year) saves $450,000 for the year.
Ryan Polson joins Standard Power.
The company launches an initiative to actively participate in NH Public Utilities Commission proceedings to help clients navigate byzantine rules and regulations.
After 6 months of development, Standard Power initiates a pilot program to test viability of administering hydroelectric power under New Hampshire net metering rules.
Austin Eaton, one of the original founders, leaves Standard Power and to moves to Minnesota support his wife’s career. Austin goes on to build a successful real estate business.
Standard Power launches a third municipal consortium of eight towns and school districts centered around the Southern NH Planning Commission region. The combined savings of the three consortia (now 37 million kWhs/yr) is $800,000.
Standard Power’s first net-metered hydroelectric client, Fletch’s Sandblasting and Painting Inc in Epping NH, goes online.
Standard Power has a standout year, increasing accrued revenue over 200%. The company is the administrator of eleven New Hampshire net-metering qualified hydroelectric dams (1 MW or less).
Standard Power enrolls an additional sixteen clients into the hydroelectric program after the successful alpha test with Fletch’s.
Standard Power celebrates five years in business, having grown from an electricity broker into a multi-faceted energy consulting firm and administrator of local and sustainable energy generation.
Standard Power executes its 1000th contract.
Standard Power combines over fifty two towns, school districts, and municipal agencies into a “super-consortium.” The supply solution creates a hybrid of conventional competitive energy supply and net-metered hydroelectric supply to take advantage of regulatory and market conditions. The consortium (now 71,000,000 kWhs/year) saves $3.1 million per year.
By the end of the first full year of hydroelectric administration, Standard Power has enrolled over 150 clients in hydro group net metering and is administering seventeen New Hampshire dams.
Standard Power has established a healthy mix of commercial, industrial, and municipal clients with total accrued revenue surpassing $3 million dollars. The company launches a project to codify and standardize a program to maximize value with the combined resources of competitive supply, net metered generation, onsite generation, and demand response.
Hannah Smith joins Standard Power after Robert Hayden spots her speaking to the Legislature during a public comment session at the New Hampshire State House
Standard Power becomes an intervener in NH PUC Docket #16-576 Development of New Alternative Net Metering Tariffs to ensure hydroelectric generation and other sustainable generation is protected.
Hannah Smith co-chairs the Care for Our Common Home Environmental Forum, hosted by Rivier University in Nashua NH.
Matthew Rounds, one of the origianl founders, retires to spend more time with his family and write a graphic novel.
Senior Energy Consultant & Hydroelectric Specialist