It all started on the back of a napkin
- Co-Founders Jim Rice and Laura Stern meet at a local Starbucks and sketched out their vision of on the back of a napkin.
- First company to apply the IPP business model to distributed generation solar.
- Early growth was fueled by an investment by Starwood Energy.
- Starwood sold its interest to Nautilus management and Virgo Investment Group.
- Jeffrey Cheng joins Nautilus as COO and business strategy shifts focus to Community Solar.
- Acquired by Power Sustainable, a wholly owned subsidiary of Power Corporation of Canada, Nautilus expands quickly using its institutional-scale permanent capital.
- Jim Rice and Laura Stern become co-CEOs. Jeffrey Cheng becomes President.
- Jim Rice and Laura Stern step into advisory roles as new CEO Jeffrey Cheng leads the company to a new era of growth and leadership.
Our Vision, Mission
Creating a clean, sustainable future by offering an equitable and affordable renewable energy choice
To be the trusted provider of clean energy to local communities
We want to be the energy partner of choice
Nautilus Solar Energy's success as one of the foremost leaders in the renewable energy sector can be attributed to:
- Taking a leading role in advancing policy and regulations in new markets
- Creating new financing models
- Subscribing its own residential customers in emerging markets
- Maintaining ownership of farms in existing markets through the entire lifecycle of the solar farm
- Hiring a passionate staff of experts in their field
- Offices in Summit, NJ and York, ME.
- Projects in 10 markets throughout the United States.
- Nearly 100 employees across the country.
Nautilus Solar Energy was named after the world's first operational nuclear-powered submarine, USS Nautilus, launched by the U.S. Navy on January 21, 1954. It's a nod toward our company's co-founder and Navy Submarine Veteran Jim Rice.
Our Logo Inspiration
Did you know that our company's logo came from a shell? The chambered nautilus is one of the oldest creatures known to survive in the earth's oceans. It is a symbol of nature's grace in growth, expansion, and renewal.
With its mathematically precise shape, the shell represents one of the finest natural examples of a "logarithmic spiral," a phenomenon commonly found in nature.