New Horizon Electric Cooperative
- Company typePrivate
- Founded1999
- HeadquartersLaurens, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
New Horizon Electric Cooperative firmographics
Firmographics- Name
- New Horizon Electric Cooperative
- Legal name
- New Horizon Electric Cooperative
- Website
- https://newhorizonelectric.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
New Horizon Electric Cooperative industry classification
Industry- Product category
- Electric Utility Cooperative Services
- NAICS
- Electric Power Transmission, Control, and Distribution (22112), Electric Power Distribution (221122), Electric Bulk Power Transmission and Control (221121), Power and Communication Line and Related Structures Construction (237130), Electrical Contractors and Other Wiring Installation Contractors (23821)
- SIC
- Electric Services (4911), Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Electrical Work (1731)
- akta.pro primary industry
- Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)
- akta.pro secondary industries
- Substation EPC & construction (AIS/GIS, greenfield/brownfield) (EUADAKAC), Substation Systems & Integration (EPC, Engineering, Protection, Commissioning) (IMAGAAAC), Distribution System Planning (DSP) & Non-Wires Alternatives (NWA) (EUADAGAB)
Keywords
Where New Horizon Electric Cooperative is headquartered
LocationHeadquarters
- HQ city
- Laurens
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
New Horizon Electric Cooperative business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- Professional Services Contracts: Provides engineering, operations, and technology services to five member electric cooperatives under cooperative service agreements. Revenue is generated through contracted professional services for substations, construction, maintenance, network services, and related utility infrastructure services.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
New Horizon Electric Cooperative product offering
Product offeringCore offering
New Horizon Electric Cooperative delivers contracted engineering, operations, and technology services to five member-owned electric distribution cooperatives in upstate South Carolina. Engineering services include substation design (44kV–100kV), construction, and maintenance (inspection, testing, diagnostics). Operations services include mobile substations, construction, and storm power restoration. Technology services include SCADA, network administration, telemetry/metering, and cybersecurity. It also provides a proprietary Mobile Voting Application for cooperative annual meetings.
Product overview
New Horizon Electric Cooperative provides a unified suite of cooperative services for South Carolina electric utilities, organized into three core service divisions (Engineering Services, Operations Services, and Technology Services) plus a dedicated Mobile Voting Application for annual meeting management. Engineering Services include Substation Design, Substation Construction, and Substation Maintenance covering inspection, testing, and diagnostics. Operations Services encompass Mobile Substations (44kV and 100kV units), Construction Services, and Storm Trouble restoration. Technology Services comprise SCADA monitoring, Network Services (WAN/LAN), Telemetry Services, and Cybersecurity. The Mobile Voting Application is a separate product enabling secure annual meeting voting with admin dashboard, member import, poll management, and ballot management features.
Differentiator
Problem solved
Functional benefit
Products and services
- Engineering Services
Quantifiable outcome
- Assist in serving 225,000 ultimate meters in South Carolina
Companies that use New Horizon Electric Cooperative
Customer profileNamed customers5 records
Segments1 record
Ideal customer profiles1 record
New Horizon Electric Cooperative technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
New Horizon Electric Cooperative partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Laurens Energy CooperativecoreMember cooperative receiving full suite of engineering, operations, and technology services from New Horizon Electric Cooperative. Laurens Energy is one of five distribution cooperatives served in the upstate South Carolina region.
- York Electric CooperativecoreMember cooperative receiving engineering, operations, and technology services from New Horizon. One of the five distribution cooperatives in the cooperative network.
- Blue Ridge Electric CooperativecoreMember cooperative receiving services from New Horizon Electric Cooperative as part of the five-cooperative member network in South Carolina.
- Broad River Electric CooperativecoreMember cooperative in the New Horizon Electric Cooperative network, receiving comprehensive utility services.
- Laurens River Electric CooperativecoreMember cooperative (shown as lreci.coop logo) receiving services from New Horizon Electric Cooperative as one of five distribution cooperatives in the cooperative family.
Scale indicators5 records
Recent moves5 records
New Horizon Electric Cooperative competitors and assessment
Company assessmentBroad incumbents
- MasTec: MasTec is a large infrastructure construction firm with a substantial utility services segment covering transmission, distribution, and substation work. It is a broad incumbent comparable to New Horizon's operations and construction services, though at significantly larger scale.
- MYR Group: MYR Group is a specialty electrical contractor serving transmission, distribution, and commercial/industrial markets. Its T&D services overlap directly with New Horizon's substation construction and maintenance work, though MYR serves a far broader and larger customer base.
- Pike Electric: Pike Electric (now part of Osmose) provides construction and maintenance services for electric transmission, distribution, and substations to utilities including rural cooperatives. Comparable to New Horizon's substation construction and storm restoration services but operating at multi-state scale.
- Quanta Services: Quanta is the largest pure-play utility infrastructure contractor in North America, providing electric transmission, distribution, and substation EPC services. It is a broad incumbent offering the same engineering and construction capabilities that New Horizon delivers, but at national scale and to investor-owned utilities, co-ops, and municipal utilities alike.
- Burns & McDonnell: Burns & McDonnell provides full-service engineering, construction, and consulting for electric utilities including substation, transmission, and distribution projects. Comparable engineering and project management capabilities to New Horizon, but serving investor-owned utilities, co-ops, and municipal utilities globally.
- POWER Engineers: POWER Engineers is a major engineering consultancy providing substation design, protection & control, and grid services to electric utilities. It is comparable to New Horizon's Engineering Services division but operates at national scale with a much broader customer portfolio.
Emerging players
- Osmose Utilities Services: Osmose provides inspection, maintenance, and restoration services for electric utilities including cooperatives, with a focus on wood pole inspection and grid hardening. Comparable to New Horizon's substation inspection/testing and storm restoration capabilities, with overlap in serving rural cooperative customers.
- TRC Companies: TRC provides engineering, consulting, and construction management services to electric utilities across T&D, substations, and grid modernization. It overlaps with New Horizon's engineering and SCADA/technology services, especially for smaller and cooperative utilities navigating modernization.
Direct peers
- Federated Rural Electric Insurance Exchange: Federated is a cooperative insurance exchange formed by and serving rural electric cooperatives. Like New Horizon, it operates on a shared-services, member-owned model delivering specialized professional resources that individual co-ops would struggle to afford independently.
- National Rural Electric Cooperative Association (NRECA): NRECA is the national service organization for rural electric cooperatives, providing shared engineering, cybersecurity, and workforce services to member co-ops. It is the closest analog to New Horizon's cooperative-to-cooperative shared services model, just at a national scale.
Market position
Strengths4 records
Weaknesses3 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
New Horizon Electric Cooperative financial estimates
Financial estimateRevenue estimate
Valuation estimate
New Horizon Electric Cooperative leadership team
Management profileNumber of profiles
Profiles1 record
New Horizon Electric Cooperative funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New Horizon Electric Cooperative M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about New Horizon Electric Cooperative
What does New Horizon Electric Cooperative do?
New Horizon Electric Cooperative delivers contracted engineering, operations, and technology services to five member-owned electric distribution cooperatives in upstate South Carolina. Engineering services include substation design (44kV–100kV), construction, and maintenance (inspection, testing, diagnostics). Operations services include mobile substations, construction, and storm power restoration. Technology services include SCADA, network administration, telemetry/metering, and cybersecurity. It also provides a proprietary Mobile Voting Application for cooperative annual meetings.
Is New Horizon Electric Cooperative a public or private company?
New Horizon Electric Cooperative is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was New Horizon Electric Cooperative founded?
New Horizon Electric Cooperative was founded in 1999. It employs 1 to 10 people.
Where is New Horizon Electric Cooperative based?
New Horizon Electric Cooperative is headquartered in Laurens, United States, in the North America region.
How does New Horizon Electric Cooperative make money?
One revenue line is on record: professional Services Contracts.
Who are New Horizon Electric Cooperative's main competitors?
Broad incumbents on record are MasTec, MYR Group, Pike Electric, Quanta Services, Burns & McDonnell and POWER Engineers. Emerging players are Osmose Utilities Services and TRC Companies. Direct peers are Federated Rural Electric Insurance Exchange and National Rural Electric Cooperative Association (NRECA).
Does New Horizon Electric Cooperative have an API?
No public API is recorded for New Horizon Electric Cooperative.
What industry is New Horizon Electric Cooperative in?
New Horizon Electric Cooperative's product category is Electric Utility Cooperative Services. Its primary akta.pro industry code is EUADABAC, Electric Cooperatives (Rural/Member-Owned Utilities), with a secondary code of EUADAKAC, Substation EPC & construction (AIS/GIS, greenfield/brownfield). Its NAICS code is 22112 and its SIC code is 4911.