Climate Change Data

Solar Alliance Energy Inc.

Climate Impact & Sustainability Data (2019, 2022, 2023)

Reporting Period: 2019

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Developed $1 billion of wind and solar projects that provide enough electricity to power 150,000 homes
  • Completed an 80 kW solar system for a poultry producer in Kentucky
  • Completed a 715 kW ground mount solar installation in Groveland, Florida powering a non-profit
  • Built a 200 kW solar system at Maker’s Mark Distillery in Loretto, Kentucky
  • Completed a 519 kW combined rooftop and carport solar installation at Manhattan Beach Towers
  • Substantially completed a 2.4 MW ground mount commercial solar project for a Fortune Global 500 company

Social Achievements

  • Launched SunBox, a new product offering specifically designed for architects, new home builders and their customers
  • Partnered with William Shatner for a five-year marketing campaign
  • Became a pre-approved Certified Installer of electric vehicle chargers for Jaguar/Land Rover, BMW and General Motors
  • Offered Smart Home technology solutions through Loxone Smart Home System
  • Added community EV charging hub to the Illinois 3.84 MW project

Governance Achievements

  • Appointed Myke Clark as President and Chief Executive Officer
  • Welcomed former Nevada Governor Robert Miller to the Board of Directors

Climate Goals & Targets

Environmental Challenges

  • Significant working capital deficiency of $5,198,304
  • Cash and cash inflows from operations not sufficient to sustain operations and pay obligations
  • Material uncertainty that may cast significant doubt as to the Company’s ability to continue as a going concern
  • Various legal, tax, environmental, and regulatory matters outstanding
Mitigation Strategies
  • Intends to address working capital deficiency through revenue growth, reduced expenses, and injections of capital through debt and equity issuances

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • SunBox

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Completed construction of two solar projects in New York (298 kW and 389 kW) generating clean, renewable electricity under long-term power purchase agreements.
  • Completed construction of a 500-kW solar project for Louisville Gas and Electric and Kentucky Utilities Company.
  • Substantially completed construction at a 1-MW Knoxville Utilities Board project.

Social Achievements

  • Contract with U.S. Army Corps of Engineers to install a solar system at the Lake Cumberland Resource Manager’s Office and Maintenance Facility.
  • Construction continues at a 526-kW roof mount solar system at AESSEAL’s U.S. headquarters.

Governance Achievements

  • Appointment of Brian Timmons as Chair of the Board of Directors on February 17, 2022.
  • Appointment of Christina Wu as Chief Financial Officer on March 10, 2023.

Climate Goals & Targets

Environmental Challenges

  • Quarterly fluctuations in installations.
  • Increase in operating and selling expenditures due to salaries, benefits, consulting fees, and share-based payments related to larger projects.
  • Cash inflows from operations not sufficient to sustain operations and pay obligations.
  • Material uncertainty regarding the Company’s ability to continue as a going concern due to insufficient cash flow.
Mitigation Strategies
  • Intention to continue raising capital through revenue growth, reduced expenses, and debt and equity issuances.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Environmental Sustainability

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Liquidity risk: Cash inflows from operations are insufficient to sustain operations and pay obligations.
  • Potential material uncertainty regarding the Company's ability to continue as a going concern due to reliance on debt/equity funding.
  • Climate change: Potential for increased costs due to future regulations on carbon emissions and energy use.
Mitigation Strategies
  • Management intends to continue raising capital through revenue growth, reduced expenses, and debt/equity issuances.
  • Closely monitoring cash forecasts and managing resources to ensure sufficient capital for short-term business requirements.
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed