Strategic Growth NOVEC is expanding its footprint with facility expansions in Virginia and ongoing biomass energy operations, indicating potential cross-sell opportunities for energy efficiency programs, smart grid solutions, and distributed generation services for industrial and municipal customers.
Renewables Partnership With past and ongoing investments in solar energy and biomass through DESRI and PIC Group partnerships, there is a clear opportunity to offer complementary renewable resource management, storage solutions, and green energy procurement services to similar cooperatives and large commercial accounts.
Leadership Momentum Recent leadership changes, including a new president and CEO appointment, can open doors for new strategic initiatives and pilot programs. Utilize this window to propose updated energy efficiency mandates, community programs, and innovative financing models.
Community Footprint As Virginia’s largest electric cooperative serving over 180,000 customers, NOVEC represents a sizable, relationship-driven customer base ideal for targeted equipment upgrades, demand response enrollments, and bundled service offerings for municipalities and large commercial customers.
Digital & Compliance Adoption of modern tech stacks and cybersecurity frameworks (NIST, Power BI, ISO) suggests openness to data-driven efficiency projects, outage analytics, and cybersecurity or OT/ICS hardening services for critical infrastructure customers and partners.