#57 North American Power
InfoStrech
INDUSTRY: Utilities
CEO: Kerry Breitbart 61
Carnegie Mellon University
FOUNDERS
Carey Turnbull 59
Goddard College
Kerry Breitbart
* Annual Revenue ($mil): 24
* Revenue Change % (2008 to 2010): NA
* Employees: 20
* Fiscal Year End: 31-Dec
Founded in 2009, this regional power company supplies electricity – much of it generated using renewable sources such as wind and water – along the east coast, including Connecticut, Maryland and Pennsylvania. NAPower competes with traditional utilities by buying energy in the wholesale market and delivering it at lower cost (using the same utility’s own infrastructure). This company nabbed a $5 million mezzanine loan from a single confidential investor in August 2011. Senior management has a combined 100+ years of experience in various aspects of the energy business; Breitbart and Turnbull have worked together for 25 years and both have sold companies before launching this venture.
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