Leadership change NOVEC recently appointed Kristen Senechal as president and CEO, signaling potential strategic shifts and renewed focus on growth initiatives that could open up cross-sell opportunities in energy services, advanced solutions, and member engagement programs.

Expanded footprint As Virginia’s largest electric cooperative serving over 180,000 metered customers across multiple counties, NOVEC’s expanded facilities and biomass energy initiatives suggest opportunities for energy management services, efficiency programs, and partnerships in generation and infrastructure projects.

Sustainable energy NOVEC has a history of renewable energy sourcing, including solar energy investments and long-term O&M agreements with biomass facilities, creating potential for solar, storage, and green energy program partnerships and equipment procurement.

Technology stack Active use of cloud and data tools (AWS, Azure, SQL Server) and analytics (MATLAB) indicates receptiveness to digital platforms, CPS/IoT, energy analytics, and customer experience enhancements that a technology partner could support.

Financial scale With revenue in the broad mid-market range and a sizeable customer base, NOVEC represents a stable but growth-oriented client for solutions in asset modernization, cybersecurity, enterprise software, and field operations efficiency.