PosiGen is a solar energy company that has been making waves in the industry for its commitment to bringing affordable solar power to low-income communities. The company’s CEO, Thomas Neyhart, has been instrumental in driving the company’s growth and success. In this article, we will take a closer look at Neyhart’s background, his leadership style, and the impact that PosiGen is having on the solar energy industry.
Background
Thomas Neyhart has been the CEO of PosiGen since 2011. Prior to joining PosiGen, he worked as a consultant for McKinsey & Company, where he advised clients on strategy and operations. He also worked as a project manager for the United States Navy, where he oversaw the development of new technologies for the Navy’s submarine fleet.
Neyhart holds a Bachelor of Science degree in Mechanical Engineering from the United States Naval Academy and a Master of Business Administration from Harvard Business School. His background in engineering and business has served him well in his role as CEO of PosiGen.
Leadership Style
Neyhart is known for his collaborative leadership style. He believes in empowering his employees and giving them the tools they need to succeed. He also believes in transparency and open communication, both within the company and with its customers.
Under Neyhart’s leadership, PosiGen has grown rapidly. The company has installed solar panels on over 17,000 homes in Louisiana, Connecticut, and Florida. PosiGen has also been recognized for its commitment to diversity and inclusion. In 2020, the company was named one of the Best Workplaces for Diversity by Fortune magazine.
Bringing Solar Power to Low-Income Communities
One of PosiGen’s core missions is to bring affordable solar power to low-income communities. The company offers a unique leasing program that allows homeowners to install solar panels on their homes with no upfront cost. Instead, homeowners pay a monthly lease payment that is lower than their current electricity bill. This makes solar power accessible to homeowners who might not otherwise be able to afford it.
PosiGen’s leasing program has been a game-changer for low-income communities. According to the company’s website, 70% of its customers have incomes below 80% of the median income in their area. By making solar power affordable, PosiGen is helping to reduce energy costs for families and reduce their carbon footprint.
Impact on the Solar Energy Industry
PosiGen’s innovative leasing program has had a significant impact on the solar energy industry. The company has shown that it is possible to make solar power accessible to low-income communities, which has traditionally been a challenge for the industry.
PosiGen’s success has also inspired other companies to follow suit. In recent years, a number of companies have launched similar leasing programs aimed at low-income communities. This has helped to make solar power more accessible and affordable for a wider range of homeowners.
Conclusion
Thomas Neyhart’s leadership has been instrumental in driving PosiGen’s growth and success. His collaborative leadership style and commitment to transparency have helped to create a culture of innovation and inclusivity at the company. PosiGen’s mission to bring affordable solar power to low-income communities has had a significant impact on the solar energy industry, inspiring other companies to follow suit. As the demand for renewable energy continues to grow, companies like PosiGen will play an important role in making solar power accessible and affordable for all.