Babson Business: Sustainable New Energy, Inc.
Mission:
To provide communities with the utility technology packages to ensure the capacity for sustainability. These private technology spheres will provide a balanced risk portfolio for the investor and the utmost in alternative resource utilization for our society.
• Began in (year): 2008
• Revenues: $20,000/month; we mainly reinvest sweat equity back into the long term generating assets we help develop.
• Initial Investment: personal financing
• Broke Even: Immediately
• Where:
Sustainable New Energy, Inc. New Bedford Office
Quest Center, 3rd floor
1213 Purchase Street
New Bedford, MA 02740
Plymouth, MA Office
8 Bay View Avenue
Plymouth, MA 02360
Tiverton, RI Office
(Physical) 896 Fish Road
Tiverton, Rhode Island 02878
(Mail) P.O. Box 5
Tiverton, Rhode Island 02878
• Founder:
Erin P. Connery; Babson Ugrad ’09;
Executive Vice President, Managing Director
Sustainable New Energy, Inc.
Quest Center, 3rd floor,
1213 Purchase Street
New Bedford, MA 02740
781.738.6670
www.snenergy.com
General Inquiries: info@snenergy.com
Employment: employment@snenergy.com
Media Relations: media@snenergy.com
Other Founding Partners: James P. Sweeney, President; Beau B. Baldock, Executive Vice President of Development
• Founder’s Past Life/Business:
Erin was the leading member of a research team responsible for the initial stages of a multibillion-dollar urban design project (green city) in the Bahamas. Erin spent months designing projects and coordinating players in the development of renewable energy development on both residential and utility levels. For the past three years, Erin has had excellent firsthand exposure to all aspects of hightech entrepreneurship.
He became a partner in Sustainable New Energy determined to build an international clean energy company that develops and takes control of the premium sites that are coming online today. With a relentless passion for the environment and strengthening micro, macro, domestic, and international economies, Erin’s focus on and experience in private, public, commercial, and industrial energy development has set the stage for a very exciting and rewarding future for Sustainable New Energy and it’s affiliates.
Erin is currently a senior at Babson College.
• How the Idea Began:
Collaboration with Cogeneration Experts to transfer existing property plant and equipment, offices, and business partners and financing partners, to revamp image and re-engage market with strictly sustainable energy development.
• Initial Preparation to Germinate Idea:
Interest in renewable energy and the environment.
• Favorite Thing about the Business:
Helping people learn about renewable energy and its possibilities to affect the lives of communities in positive ways.
• Worst Thing About the Business:
NIMBYS (Not In My Back Yard!) Communities against wind turbines due to their “unsightly” view.
• Biggest Challenge:
Getting our projects permitted.
• Lesson Learned:
How to constantly critique our turnkey strategies and packages while we manage the project past the identification and permitting phases. How to develop win-win strategies and partnerships to complete the permitting, design, and construction stages—to energy production, where all parties win.
