Elumis
- Company typePrivate
- Founded2013
- HeadquartersFranklin Lakes, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Elumis firmographics
Firmographics- Name
- Elumis
- Legal name
- Elumis
- Website
- https://elumis.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Elumis industry classification
Industry- Product category
- Solar Energy Development
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Patent Owners & Lessors (6794), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
- akta.pro secondary industry
- Carbon Offtake Structuring & Contracting (ERPA, Long-term Offtakes, Price Floors) (EUABADAE)
Keywords
Where Elumis is headquartered
LocationHeadquarters
- HQ city
- Franklin Lakes
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Elumis business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Solar Asset Development and Sale: Develops solar assets from ground up and capitalizes on demand for fully developed production licenses globally. Generates revenue through sale of permitted projects and PPAs with credit worthy off-takers.
- Developer Partnership Fees and Equity: Offers combination of fees and small equity stake in each project to partnering local developers to incentivize development and sourcing of high-potential projects.
- Capital Raise via Convertible Notes: Offering qualified investors opportunity to invest in solar through senior secured convertible notes.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Elumis product offering
Product offeringCore offering
Elumis develops solar assets from the ground up across emerging global markets, managing the full project lifecycle from land securing and permitting through construction, interconnection, and long-term operation, and sells permitted projects to creditworthy off-takers via Power Purchase Agreements. The firm also offers a patent-pending blockchain carbon credit platform that integrates with SCADA and IoT systems to generate and tokenize carbon credits from emissions reduction data.
Product overview
Elumis operates as an integrated solar development enterprise with two core offerings: (1) the Elumis Solar Development platform, which provides end-to-end solar project development services from land acquisition and permitting through construction, interconnection, and long-term operation, targeting emerging solar markets globally; and (2) the Elumis Blockchain Carbon Credit Platform, a patent-pending solution that tracks emissions reduction data via IoT devices, generates carbon credits, and converts them into tradeable cryptocurrency tokens. The company also operates the Elumis Foundation as its CSR initiative focused on bringing electricity access to underserved communities. Elumis is authorized distributor and service partner of Sungrow inverters and maintains offices in the USA, UK, Greece, Panama, and Dominican Republic.
Differentiator
Problem solved
Functional benefit
Products and services
- Elumis Solar Development End-to-end solar project development services covering the full project lifecycle from entitlement and land acquisition through permitting, construction, interconnection, and long-term operation. Elumis develops solar assets from the ground up and sells permitted projects through Power Purchase Agreements to creditworthy off-takers such as utility companies, municipalities, corporations, and government agencies.
- Elumis Blockchain Carbon Credit Platform Patent-pending blockchain platform that integrates with SCADA systems and commercial or consumer IoT devices to collect greenhouse gas emissions reduction data, generate carbon credits based on emissions reduction or offset, and convert those credits into cryptocurrency tokens at a predetermined exchange rate. The tokens are tradable and exchangeable through the Elumis Carbon Credit Platform.
Quantifiable outcome
- 1,137 MW projects portfolio developed
- +2 more outcomes
Companies that use Elumis
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Elumis technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Elumis partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- SungrowcoreElumis is an authorized distributor and service partner of Sungrow inverters. Sungrow is a leading provider of utility scale power solutions for the renewable energy market having developed and deployed over 25 GW of installations globally.
- SDL SolarcoreSDL Solar is Elumis' predecessor company and affiliated partner. Elumis evolved from SDL Solar, an acclaimed boutique solar developer and consulting company, into an enterprise focused on creating value from solar project entitlement through operation.
- ToshibaminorElumis has partnered with Toshiba as part of its strategic relationships with large global companies in the solar industry.
- LDK SolarminorElumis has partnered with LDK Solar as part of its strategic relationships with large global companies in the solar industry for PV project development.
- SPI Solar Inc.minorElumis has partnered with SPI Solar Inc. as part of its relationships with large global companies in the solar industry for project development and funding.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Elumis competitors and assessment
Company assessmentDirect peers
- Lightsource BP: Global utility-scale solar developer and operator active in multiple emerging and developed markets. Comparable to Elumis in solar project development and PPA origination at scale, with deeper balance sheet and geographic reach.
- 8minute Solar Energy: US-headquartered solar and storage project developer with multi-GW pipeline of utility-scale projects. Comparable to Elumis in the full lifecycle development model (entitlement through operation) and focus on bankable PPAs with corporate and utility off-takers.
- Recurrent Energy: Solar project development subsidiary of Canadian Solar that develops, owns, and operates utility-scale solar projects globally, including in emerging markets. Closely comparable to Elumis in business model (ground-up solar development, PPA origination, project sale) and target geographies.
- Cypress Creek Renewables: US-based solar project developer that originates, develops, and operates utility-scale and community solar projects. Comparable to Elumis in ground-up development approach and reliance on PPAs with utilities, municipalities, and corporate off-takers.
- Innergex Renewable Energy: Canadian renewable energy IPP that develops, owns, and operates hydro, wind, and solar projects in the Americas and Europe. Comparable to Elumis in project development and long-term PPA-backed revenue model, though at much larger scale.
Emerging players
- Pine Gate Renewables: US-based utility-scale solar developer with a focus on community solar and project development for corporate and utility off-takers. Comparable to Elumis in origination and entitlement-stage development, though primarily US-focused rather than emerging markets.
Broad incumbents
- Enel Green Power: Global renewable energy developer and operator and a subsidiary of Enel Group, with multi-GW solar and wind capacity across emerging and developed markets. Comparable to Elumis in solar project development at utility scale, but with substantially greater financial and operational scale.
- EDF Renewables: International renewable energy developer with a significant solar and storage project portfolio across the Americas, Europe, and emerging markets. Comparable to Elumis in project development model and target off-takers, with much broader resources.
Others
- Sungrow: Leading global supplier of solar inverters and energy storage systems with 25+ GW deployed. Listed here as a strategic partner of Elumis (Elumis is an authorized distributor), making it an ecosystem participant rather than a direct competitor, but relevant for understanding Elumis's supply chain.
Regional players
- Boralex: Canadian renewable energy IPP with operations in Canada, the US, France, and the UK, developing solar, wind, and storage projects. Comparable to Elumis in solar development and long-term PPA monetization, with a primarily North American and European focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Elumis financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elumis leadership team
Management profileNumber of profiles
Elumis funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elumis 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 Elumis
What does Elumis do?
Elumis develops solar assets from the ground up across emerging global markets, managing the full project lifecycle from land securing and permitting through construction, interconnection, and long-term operation, and sells permitted projects to creditworthy off-takers via Power Purchase Agreements. The firm also offers a patent-pending blockchain carbon credit platform that integrates with SCADA and IoT systems to generate and tokenize carbon credits from emissions reduction data.
Is Elumis a public or private company?
Elumis is a private company. It is classified as unknown and is currently operating.
When was Elumis founded?
Elumis was founded in 2013. It employs 11 to 50 people.
Where is Elumis based?
Elumis is headquartered in Franklin Lakes, United States, in the North America region.
How does Elumis make money?
Three revenue lines are on record. Solar Asset Development and Sale is the primary driver. The others are developer Partnership Fees and Equity and capital Raise via Convertible Notes.
Who are Elumis's main competitors?
Direct peers on record are Lightsource BP, 8minute Solar Energy, Recurrent Energy, Cypress Creek Renewables and Innergex Renewable Energy. Pine Gate Renewables is listed as an emerging player. Broad incumbents are Enel Green Power and EDF Renewables. Sungrow is listed as an others. Boralex is listed as a regional player.
Does Elumis have an API?
No public API is recorded for Elumis.
What industry is Elumis in?
Elumis's product category is Solar Energy Development. Its primary akta.pro industry code is EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System), with a secondary code of EUABADAE, Carbon Offtake Structuring & Contracting (ERPA, Long-term Offtakes, Price Floors). Its NAICS code is 221114 and its SIC code is 6794.