Strong Community Focus Norris Electric Cooperative serves a substantial geographic area with nearly 20,000 members across multiple counties, indicating a stable customer base rooted in community engagement and local utility services.
Recent Financial Support The company secured a $7 million financing infusion, including a $700,000 loan to Wabash Independent Networks, highlighting opportunities for financial partnerships or investments in infrastructure and network expansion.
Growth Potential With annual revenues ranging from $25 million to $50 million and a relatively modest workforce, Norris Electric presents opportunities for sales of technology solutions, operational efficiencies, and infrastructure upgrades tailored for mid-sized utilities.
Technological Foundation The company's diverse tech stack, including Java, Ruby on Rails, and cloud compatibility (HTTP/3), suggests openness to adopting advanced software and digital transformation solutions.
Market Positioning As a not-for-profit cooperative, Norris Electric stands alongside larger energy providers like ComEd and Ameren, offering strategic entry points for innovative utility services, sustainable initiatives, and community-oriented projects.