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