Menlo Electric supplies photovoltaic components to installers, distributors and investors across Europe, the Middle East, and Africa, with a growing presence in the United States. Founded in 2020, the company has rapidly expanded its operations, reaching $150 million in annual revenues and delivering 1.3 GW of components to its clients last year – enough to power a city the size of Amsterdam.
“This recognition was only made possible through the dedication of our employees – both past and present – and the trust of our clients and suppliers” said Bartosz Majewski, CEO and co-founder of Menlo Electric. “We deeply appreciate our partners who have supported us in navigating the challenges of our rapid growth.”
The company has a highly international client base, with only 20-25 percent of sales coming from Poland. It serves clients across all of Europe but also has hubs in the Middle East and North Africa - serving clients from Senegal to Pakistan – as well as Southern Africa. It also has an emerging presence in the US. Menlo Electric’s geographical diversification helps to ensure resilience against fluctuations in individual national markets.
Menlo Electric has also been involved in industry initiatives that drive market development, such as sun.store, the largest online marketplace for renewable energy components, where Menlo Electric was one of the first users and remains a member of the Board of Advisors. The company was also the first distributor of Photonica – a solar mounting structure and electrical components manufacturer – delivering its solutions to clients in 10 countries across Europe and South Africa.
Moreover, Menlo Electric initiated Solar2Share, a charitable initiative through which equipment manufacturers, distributors and installers have already donated 25 solar and storage installations to schools, orphanages, and hospitals across almost 10 countries in Europe and Africa.
“After several years of growth, the solar and storage industry is now entering a consolidation phase. To this end, we are currently in discussions with potential investors” added Mr Majewski.
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