New Horizon Electric Cooperative

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

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

• Electric utility services
• Substation design engineering
• SCADA network services
• Cooperative utility support
• Storm power restoration

Headquarters

HQ city

Laurens

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. 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

Core 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

Named customers5 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• Laurens Energy CooperativecoreStrategic or Co-development PartnerMember 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 CooperativecoreStrategic or Co-development PartnerMember cooperative receiving engineering, operations, and technology services from New Horizon. One of the five distribution cooperatives in the cooperative network.
• Blue Ridge Electric CooperativecoreStrategic or Co-development PartnerMember cooperative receiving services from New Horizon Electric Cooperative as part of the five-cooperative member network in South Carolina.
• Broad River Electric CooperativecoreStrategic or Co-development PartnerMember cooperative in the New Horizon Electric Cooperative network, receiving comprehensive utility services.
• Laurens River Electric CooperativecoreStrategic or Co-development PartnerMember 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

Broad 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

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Horizon Electric Cooperative