Renu Energy Solutions Ranks No. 1,834 on the 2020 Inc 5000!
Inc. magazine revealed that Renu Energy Solutions is No. 1,834 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armor, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“It has been a journey getting to where Renu is today! I feel privileged and honored to work with such a dedicated and passionate team that drives our continued successes- I’m thrilled that Renu is recognized on the Inc5000 and has debuted in the top 30% of applicants!” says Renu Energy Solutions President, Jay Radcliffe.
What Does it Mean to Make the List?
Not only have the companies on the 2020 Inc. 5000 been extremely competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
More about Inc. Media and the Inc 5000 Methodology
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent.
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc 5000.
Complete results of the Inc 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.’s official website.
Are You Ready to Go Solar?
Renu Energy Solutions is constantly growing and completing new solar projects. If you’d like to be our next solar success story, or even if you’re just thinking of converting to solar energy, contact us today for your free consultation. We’d love to help you through every step of your solar journey!