Renewable energy companies in New Mexico are driving a significant transition towards sustainable power. This industry features a variety of firms ranging from solar panel installers to energy storage technology developers. With abundant sunlight and increasing demand for green energy solutions, companies are innovating to provide residential, commercial, and industrial sectors with efficient energy alternatives. The focus on renewable resources is not just environmental; it's becoming a vital part of economic strategy. Trends show growth in solar installations, energy storage innovations, and carbon capture technologies, reflecting a promising direction for the clean energy market in this region.

The list highlights 25 prominent renewable energy companies based in New Mexico, spanning from startups to established firms founded between 1979 and 2023. Most operate out of Albuquerque or surrounding areas, employing teams ranging from small groups to over 500 employees. These companies specialize in solar system installations, energy storage solutions, hydrogen production, and electrical contracting. Their commitment to sustainability reflects New Mexico's wealth of renewable resources and provides insights into the evolving energy landscape in the state.

Continue reading to explore the top renewable energy companies in New Mexico.

Top 25 Renewable Energy Companies in New Mexico

1. Solar Works Energy

• Website: solarworksenergy.com
• Ownership type: Private
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: solar-works-energy

Solar Works Energy, based in Albuquerque, New Mexico, is a private solar energy provider established in 2015. The company specializes in solar panel installations and consulting services, aiming to assist homeowners, businesses, and organizations in transitioning to solar energy. By offering customized solutions and various financing options, Solar Works Energy strives to make solar energy accessible and affordable. Their operations extend across New Mexico, Texas, and Colorado, where they actively contribute to the local solar market. The company emphasizes customer satisfaction, as evidenced by positive testimonials highlighting their knowledgeable staff and quality installations. With a team of certified technicians, Solar Works Energy is dedicated to delivering high-quality solar systems while promoting environmental sustainability and reducing reliance on fossil fuels.

2. Positive Energy Solar

• Website: positiveenergysolar.com
• Ownership type: Corporate
• Headquarters: Santa Fe, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: June 2024
• Founded year: 1997
• Headcount: 51-200
• LinkedIn: positive-energy-solar

Positive Energy Solar, based in Santa Fe, New Mexico, has been a prominent player in the solar energy sector since its inception in 1997. The company specializes in solar panel installations, offering tailored solutions for both residential and commercial customers. With a workforce of approximately 114 employees, Positive Energy Solar prides itself on its commitment to quality and community engagement. They provide a range of services, including financing options, maintenance, and backup power solutions, ensuring that clients can effectively reduce their energy costs and environmental impact. The company operates with a transparent approach, focusing on educating customers rather than employing high-pressure sales tactics. Their extensive experience in navigating local regulations and challenges positions them as a reliable partner for solar energy projects in New Mexico. Positive Energy Solar is also recognized for its employee ownership model and its status as a Benefit Corporation, reflecting its commitment to social and environmental performance. This dedication to responsible business practices enhances their credibility in the renewable energy sector.

3. OE Solar

• Website: oesolarnm.com
• Ownership type: Private
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2009
• Headcount: 11-50
• LinkedIn: oesolar

OE Solar, based in Albuquerque, New Mexico, is a private solar energy company founded in 2009. With a workforce of 21 employees, the firm specializes in providing renewable energy solutions, including solar photovoltaic (PV) installations, energy storage systems, and electric vehicle (EV) charging stations. OE Solar primarily serves commercial businesses and government entities, assisting them in reducing energy costs and achieving sustainability goals through innovative solar designs and quality craftsmanship. The company has made significant strides in the local market, including the installation of New Mexico's first community solar project for the Picuris Pueblo. OE Solar is also recognized for its expertise in government contracting, working with various public institutions to streamline solar installations and promote decarbonization efforts. Their commitment to quality and customer service is evident in their comprehensive approach to project management, from engineering and procurement to construction and maintenance.

4. Gridworks

• Website: gridworks.com
• Ownership type: Private
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2014
• Headcount: 201-500
• LinkedIn: gridworks-energy

Gridworks, based in Albuquerque, New Mexico, is a private company that specializes in engineering, procurement, and construction (EPC) services for solar and energy storage projects. Founded in 2014, it evolved from its origins as Affordable Solar, which focused on retail solar systems. Today, Gridworks serves developers and utility clients, providing comprehensive solutions that address the increasing demand for clean energy. The company is actively engaged in various projects, including the notable Escalante Solar project, which aims to generate carbon-free electricity. Gridworks is committed to reducing carbon emissions and enhancing grid reliability through innovative energy solutions. Their operations also include ongoing maintenance services, ensuring the longevity and efficiency of the systems they install. With a workforce of around 197 employees, Gridworks is positioned to make a significant impact in the renewable energy sector.

5. Solar Smart Living, LLC

• Website: solarsmartliving.com
• Ownership type: Private
• Headquarters: Santa Teresa, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2007
• Headcount: 11-50
• LinkedIn: solar-smart-living-llc

Solar Smart Living, LLC, based in Santa Teresa, New Mexico, is a private company specializing in solar energy solutions. Established in 2007, the firm focuses on solar panel installations, energy storage systems, and HVAC services. They cater to a variety of clients, including residential homeowners, commercial businesses, and government agencies, helping them transition to renewable energy sources and enhance energy efficiency. The company operates primarily in the El Paso and Las Cruces areas, leveraging the region's abundant sunlight to promote solar energy adoption. Solar Smart Living is also a Veteran Owned Small Business, which adds to its community-oriented approach. Their team includes certified professionals, such as NABCEP Certified PV Installers and LEED Accredited Professionals, ensuring a high level of expertise in their projects. The company also engages in educational outreach, promoting sustainable living practices within the community.

6. Paradise Power Company, Inc | PPC Solar

• Website: ppcsolar.com
• Ownership type: Private
• Headquarters: Taos, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1979
• Headcount: 11-50
• LinkedIn: ppc-solar

Paradise Power Company, Inc | PPC Solar, based in Taos, New Mexico, is a private solar energy provider that has been operational since 1979. The company specializes in renewable energy solutions tailored for residential, commercial, and off-grid applications. PPC Solar offers a comprehensive range of services, including the installation of solar systems, electric vehicle (EV) charging stations, and ongoing maintenance support. Their clientele includes homeowners, businesses, and non-profit organizations, all seeking to lower energy costs and minimize their environmental footprint. Notably, PPC Solar has achieved a remarkable 100% success rate in securing USDA REAP grants, demonstrating their capability in facilitating financial assistance for solar projects. The company is also committed to community engagement, having implemented a Photovoltaic Donation Program that has benefited several non-profits in New Mexico. Through educational initiatives and local outreach, PPC Solar actively promotes the adoption of solar energy, reinforcing their role in the renewable energy sector.

7. Gridworks

• Website: gridworks.energy
• Ownership type: Private
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Founded year: 2014
• Headcount: 51-200
• LinkedIn: gridworks-energy

Gridworks, based in Albuquerque, New Mexico, is a private renewable energy company that specializes in utility-scale solar and energy storage solutions. Established in 2014, it evolved from its origins as Affordable Solar, which focused on retail solar systems. Gridworks now operates independently, providing comprehensive engineering, procurement, and construction (EPC) services to utility clients and developers. The company has successfully completed over 50 utility-scale projects across 10 states, contributing to more than 1.9 GW of clean energy capacity. Their projects include significant installations like the Escalante Solar project and various battery energy storage systems. Gridworks is also recognized for its innovative approach to problem-solving in early-stage renewable development, ensuring that they remain competitive in a rapidly evolving industry.

8. Flow Aluminum

• Website: flowaluminum.com
• Ownership type: Corporate
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Pre-seed, $1.7M, July 2024
• Founded year: 2023
• Headcount: 1-10
• LinkedIn: flow-aluminum

Flow Aluminum Inc. is an innovative company based in Albuquerque, New Mexico, that is making strides in the energy storage sector. Founded in 2023, the company is dedicated to developing and scaling its proprietary Aluminum-CO2 battery technology. This technology is designed to provide advanced energy storage solutions for utilities, grid operators, and commercial sectors, with a strong emphasis on safety, efficiency, and sustainability. Flow Aluminum's mission is to facilitate the transition to a greener energy future by offering products that not only store energy but also capture carbon dioxide, thereby addressing two critical challenges in the energy landscape. The company has recently secured $1.685 million in funding, which underscores its potential to influence the energy storage market significantly. With a focus on research and development, Flow Aluminum is positioned to contribute to the global shift towards renewable energy and sustainable practices.

9. Affordable Solar

• Website: affordable-solar.com
• Ownership type: Private
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1998
• Headcount: 51-200
• LinkedIn: affordable-solar

Affordable Solar, based in Albuquerque, New Mexico, is a solar installation company that has been operational since 1998. The firm specializes in providing customized solar panel solutions for residential, commercial, and industrial clients. Their mission is to help customers lower their energy expenses while minimizing their environmental footprint through tailored solar energy systems. Affordable Solar manages the entire process from initial consultation to installation, ensuring a seamless experience for their clients. They are fully licensed and insured, and they pride themselves on exceptional customer service and integrity. The company has built a solid reputation in the local market, focusing on community engagement and sustainability. They also offer financing options to make solar energy more accessible to homeowners and businesses alike.

10. Mosher Enterprises

• Website: mosherent.com
• Ownership type: Private
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1985
• Headcount: 51-200
• LinkedIn: mosher-enterprises

Mosher Enterprises Inc., based in Albuquerque, New Mexico, has been a significant player in the electrical contracting industry since its founding in 1985. The company focuses on design-build electrical contracting, solar integration, and energy assessment services for both residential and commercial clients. With a workforce of approximately 100 skilled professionals, Mosher Enterprises has built a reputation for delivering high-quality solutions that enhance energy efficiency. Their Solar Technologies Division is particularly noteworthy, as it designs, procures, installs, and commissions photovoltaic systems ranging from 10 kW to over 3 MW. This involvement in solar energy positions them as a key contributor to the renewable energy sector. Furthermore, their commitment to energy conservation is evident in their energy assessment and analysis services, which aim to optimize energy usage and promote sustainable practices. Mosher Enterprises has also been recognized for its efforts, winning the Renewable Energy Project Award for the Winrock Town Center in 2016, underscoring their impact in the field.

11. T&D Services LLC

• Website: t-d-services.com
• Ownership type: Private
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2007
• Headcount: 11-50
• LinkedIn: t%26d-services-llc

T&D Services LLC, based in Albuquerque, New Mexico, is a professional engineering and surveying firm founded in 2007. The company specializes in power delivery and generation services, catering to both public and private sector clients. Their services include engineering design, project management, and surveying, with a notable focus on power generation, including solar and wind energy. T&D Services is committed to providing innovative solutions and efficient service delivery, particularly in the Southwest region of the United States. They have a strong emphasis on quality and customer service, ensuring that their projects meet the specific needs of their clients. The firm has grown from a small team to over fifty employees, reflecting their expanding role in the energy sector. Their project history includes collaborations with rural electric cooperatives, municipalities, and various governmental bodies, showcasing their experience and reliability in the industry.

12. Preformed Line Products - DPW Solar Mounting Solutions

• Website: dpwsolar.com
• Ownership type: Private
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Founded year: 1993
• Headcount: 51-200
• LinkedIn: dpw-solar

Preformed Line Products - DPW Solar Mounting Solutions, founded in 1993 and based in Albuquerque, New Mexico, is a private company that specializes in infrastructure solutions for the energy and communications sectors. With a workforce of around 27 employees, the company has carved out a niche in providing products that support the energy industry, particularly in renewable energy. Their offerings include solar ground mounts, solar roof mounts, and EV charging infrastructure, which are vital for the growth and efficiency of solar energy systems. The company serves a variety of clients in the energy and telecommunications sectors, relying on their expertise to deliver reliable and efficient infrastructure solutions. Their commitment to innovation and quality positions them as a relevant player in the renewable energy market.

13. UbiQD, Inc.

• Website: ubiqd.com
• Ownership type: Private
• Headquarters: Los Alamos, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: August 2022
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: ubiqd

UbiQD, Inc. is an advanced materials company based in Los Alamos, New Mexico, founded in 2014. The firm specializes in quantum dot technologies, which have applications in agriculture, clean energy, and security. UbiQD's flagship product, UbiGro, is designed to enhance plant growth by optimizing light absorption, thereby increasing crop yields without the energy costs of conventional lighting. In the clean energy sector, UbiQD is pioneering solar solutions through its quantum dot films and solar windows, which transform ordinary surfaces into energy-generating assets. The company collaborates with industry leaders, including First Solar, to improve the efficiency of solar panels. UbiQD's commitment to low-cost and low-toxicity materials reflects its focus on sustainable innovation, positioning it as a significant contributor to the renewable energy industry.

14. KiloNewton

• Website: kilonewtonllc.com
• Ownership type: Private
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Other (Grant), $118,000, February 2023
• Founded year: 2017
• Headcount: 11-50
• LinkedIn: kilonewton

KiloNewton LLC, founded in 2017 and based in Albuquerque, New Mexico, is an engineering consulting firm dedicated to providing innovative solutions for the renewable energy sector. The company specializes in services such as site optimization and hydrology assessments, primarily aimed at solar developers and manufacturers. By leveraging their expertise, KiloNewton helps clients reduce costs and enhance project efficiency. They have developed the SolarSpace® Toolbox, a software solution designed for site analysis, which further supports their mission to optimize renewable energy projects. KiloNewton's team, with backgrounds in utility, industrial, and commercial sectors, brings significant experience to each project. The firm has also received funding, indicating its active role in the renewable energy market.

15. Mcdade-woodcock, INC.

• Website: mwieic.com
• Ownership type: Private
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2013
• Headcount: 51-200
• LinkedIn: mcdade-woodcock-inc.

Mcdade-Woodcock, INC., founded in 2013 and based in Albuquerque, New Mexico, is an electrical contracting firm that provides a range of services including electrical installations, maintenance, and renewable energy solutions. The company serves commercial, industrial, and municipal clients, with a strong emphasis on sectors such as healthcare and water treatment. Their expertise extends to complex electrical systems, ensuring compliance with safety standards. Notably, Mcdade-Woodcock is recognized as a solar energy contractor, focusing on the installation of medium-voltage systems for photovoltaic projects. They collaborate with other firms to handle the electrical work above 600 volts, showcasing their commitment to renewable energy initiatives. Their projects include significant installations like the Buckman Direct Diversion Booster Station 2A, a 2MW photovoltaic project in Santa Fe, New Mexico. With a workforce of 51-200 employees, the company is positioned to tackle the challenges of modern electrical contracting while contributing to sustainable energy solutions.

16. BayWa r.e. Solar Systems LLC

• Website: solar-distribution-us.baywa-re.com
• Ownership type: Private
• Headquarters: Santa Fe, New Mexico, United States (USA)
• Founded year: 2007
• Headcount: 51-200
• LinkedIn: bayware-solarsystems-llc

BayWa r.e. Solar Systems LLC, founded in 2007 and based in Santa Fe, New Mexico, is a private solar distributor that specializes in renewable energy solutions. The company primarily serves solar contractors and installers, offering a comprehensive range of products including solar panels, inverters, racking systems, and energy storage solutions. BayWa r.e. is dedicated to supporting the solar installation process by providing high-quality products and expert guidance. Their operational model emphasizes efficiency and reliability, ensuring that solar contractors have access to the necessary tools and resources to succeed in the market. Additionally, BayWa r.e. engages in educational initiatives, such as webinars and podcasts, to share industry insights and best practices with their clients, further solidifying their role in the solar energy sector.

17. BayoTech Hydrogen

• Website: bayotech.us
• Ownership type: Private Equity
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Series C, $157.0M, January 2021
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: bayotech

BayoTech Hydrogen, founded in 2015 and based in Albuquerque, New Mexico, specializes in hydrogen production with a focus on low-cost and low-carbon solutions. The company serves various sectors, including mobility, power generation, and manufacturing, by providing hydrogen generation, storage, and transport services. BayoTech operates a network of hydrogen hubs across North America, ensuring a reliable supply of hydrogen to support the transition to cleaner energy. Their innovative BayoGaaS™ model allows for localized hydrogen production, reducing transportation costs and enhancing accessibility for businesses. In January 2021, BayoTech secured $157 million in Series C funding, underscoring investor confidence in their approach to hydrogen solutions and their role in the renewable energy market.

18. Prime Electric, Inc.

• Website: prime-electricusa.com
• Ownership type: Private
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1998
• Headcount: 11-50
• LinkedIn: prime-electric-inc.

Prime Electric, Inc., founded in 1998, is an electrical contractor based in Albuquerque, New Mexico. The company specializes in commercial, industrial, and government electrical projects, offering a wide range of services that include electrical construction, maintenance, and sports lighting installations. With a workforce of 30 employees, Prime Electric prides itself on delivering high-quality installations and maintaining strong relationships with clients, subcontractors, and suppliers. The company is particularly noted for its commitment to safety, employing OSHA-certified electricians and adhering to rigorous safety standards. In addition to its core services, Prime Electric has made strides in the renewable energy sector by providing solar photovoltaic design and installation, as well as energy-saving retrofits. This focus on green initiatives reflects the company's dedication to environmental sustainability and energy efficiency, making it a relevant entity in the renewable energy industry.

19. EverGuard Roofing, LLC

• Website: everguardroofing.com
• Ownership type: Family Owned
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2001
• Headcount: 51-200
• LinkedIn: everguard-roofing

EverGuard Roofing, LLC is a family-owned roofing contractor and solar energy provider based in Albuquerque, New Mexico. Established in 2001, the company has built a reputation for delivering high-quality roofing solutions for both residential and commercial clients. Their service portfolio includes a variety of roofing options such as asphalt shingles, metal roofing, and tile roofing, alongside comprehensive roof maintenance services. In addition to traditional roofing, EverGuard Roofing has expanded its offerings to include solar system installations, catering to customers looking to enhance energy efficiency and reduce their utility expenses. The company emphasizes craftsmanship and customer service, striving to meet the needs of homeowners and businesses alike. EverGuard Roofing is also a member of the New Mexico Home Builders Association, reflecting its commitment to industry standards and community engagement.

20. Pajarito Powder, LLC

• Website: pajaritopowder.com
• Ownership type: Private
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: September 2022
• Founded year: 2011
• Headcount: 11-50
• LinkedIn: pajarito-powder-llc

Pajarito Powder, LLC, based in Albuquerque, New Mexico, is a private company founded in 2011 that specializes in the manufacturing of advanced catalysts for proton exchange membrane (PEM) and alkaline fuel cells, as well as electrolyzers. The company offers a range of products, including Platinum Group Metal (PGM) catalysts, Engineered Catalyst Supports™, and Precious Metal Free™ catalysts. These products are essential for enhancing the performance and durability of fuel cells and electrolyzers, which are pivotal in the clean energy sector. Pajarito Powder has been recognized for its innovative approach, particularly through its proprietary VariPore™ manufacturing platform, which allows for the scalable production of high-performance catalysts. The company has also received substantial funding from the U.S. Department of Energy to boost its production of hydrogen electrolyzer catalysts and fuel cell catalysts, further solidifying its role in the renewable energy industry.

21. Aqua Membranes, Inc.

• Website: aquamembranes.com
• Ownership type: Venture Capital
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Other (Debt), October 2024
• Founded year: 2011
• Headcount: 11-50
• LinkedIn: aqua-membranes-llc

Aqua Membranes, Inc., founded in 2011 and based in Albuquerque, New Mexico, is a manufacturer specializing in advanced reverse osmosis technology. The company develops innovative membrane elements that enhance water treatment processes across various industries, including utilities, food and beverage, and mining. Their focus on sustainability is evident in their products, which are designed to improve operational efficiency by reducing energy consumption and fouling rates. Aqua Membranes has gained recognition for its contributions to the industry, recently being awarded the Breakthrough Technology Company of the Year in 2024 by Global Water Intelligence. This accolade highlights their commitment to revolutionizing water treatment through technology that not only meets but exceeds current environmental standards.

22. Unirac

• Website: unirac.com
• Ownership type: Private Equity
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: India 72%, United States (USA) 26%, Other 2%
• Latest funding: October 2022
• Founded year: 1998
• Headcount: 51-200
• LinkedIn: unirac-inc-

Unirac, founded in 1998 and based in Albuquerque, New Mexico, is a private equity-backed company that specializes in solar power infrastructure. With a workforce of around 534 employees, Unirac focuses on providing a range of solar mounting products and services tailored for businesses and organizations. Their product line includes various systems for flat roofs, pitched roofs, and ground mounts, all designed to enhance installation efficiency and durability. Unirac's commitment to innovation is evident in their continuous introduction of new products and services aimed at transforming solar installation processes. They also emphasize customer support and training, ensuring that their clients can maximize the benefits of their solar solutions. Unirac holds ISO certifications for quality management, environmental management, and occupational health and safety, underscoring their dedication to high standards in their operations. Their products are backed by a 25-year limited warranty, reflecting their confidence in the reliability and longevity of their offerings.

23. Bridgers & Paxton

• Website: bpce.com
• Ownership type: Private
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1951
• Headcount: 51-200
• LinkedIn: bridgers-%26-paxton-consulting-engineers-inc-

Bridgers & Paxton, founded in 1951 and based in Albuquerque, New Mexico, is a private engineering firm with a workforce of approximately 125 employees. The company specializes in mechanical, electrical, plumbing, technology, and energy engineering services, catering primarily to government and commercial clients. Their projects span various sectors, including healthcare and education, where they focus on enhancing building efficiency and sustainability. Bridgers & Paxton has made significant strides in the energy sector, particularly through their involvement in renewable energy projects, such as the installation of advanced microgrids and the design of systems that utilize solar, geothermal, and thermal energy storage technologies. Their commitment to sustainability is further demonstrated by their participation in initiatives like the MEP 2040 Challenge, aiming for net zero carbon in their designs by 2040. This dedication to innovative and sustainable engineering solutions positions them as a relevant player in the renewable energy industry.

24. SolAero by Rocket Lab

• Website: solaerotech.com
• Ownership type: Corporate
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $80.0M, December 2021
• Founded year: 1998
• Headcount: 201-500
• LinkedIn: solaero-technologies-corp

SolAero by Rocket Lab, based in Albuquerque, New Mexico, is a corporate entity that specializes in aerospace and solar solutions for space applications. Founded in 1998, the company has carved out a significant niche in the production of high-efficiency solar cells and panels specifically designed for use in space missions. Following its acquisition by Rocket Lab in 2022, SolAero has continued to innovate, providing solar products that power over 1,100 satellites currently in orbit. Their manufacturing capabilities are vertically integrated, allowing them to produce solar cells with efficiencies reaching up to 34%. With more than 4 megawatts of solar cells manufactured to date, SolAero is poised to support the growing demand for solar technology in the space industry, with over 500 satellites scheduled for launch in the coming years utilizing their solar hardware.

25. Spiritus

• Website: spiritus.com
• Ownership type: Venture Capital
• Headquarters: Albuquerque, New Mexico, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Series A, $30.0M, March 2025
• Founded year: 2021
• Headcount: 11-50
• LinkedIn: spiritus-cdr

Spiritus is a carbon removal technology company based in Albuquerque, New Mexico, founded in 2021. The company specializes in direct air capture (DAC) solutions, focusing on innovative methods to capture and sequester carbon dioxide (CO2) from the atmosphere. Spiritus aims to provide services to businesses and organizations looking to offset their carbon emissions. Their approach features a novel sorbent material and a low-temperature desorption process, which significantly reduces energy consumption compared to traditional methods. Spiritus is committed to sustainability and community engagement, particularly in Wyoming, where they are developing their first Carbon Orchard project. This initiative is designed to sequester megaton-scale CO2 annually, showcasing their ambition to reshape carbon removal practices. The company has successfully secured $30 million in Series A funding, reflecting strong investor interest in their innovative technology and its potential to address climate change.

Renewable Energy Insights: Key Companies in New Mexico

Company	Headquarter	Size	Founded	Ownership
Solar Works Energy	Albuquerque, New Mexico, United States (USA)	51-200	2015	Private
Positive Energy Solar	Santa Fe, New Mexico, United States (USA)	51-200	1997	Corporate
OE Solar	Albuquerque, New Mexico, United States (USA)	11-50	2009	Private
Gridworks	Albuquerque, New Mexico, United States (USA)	201-500	2014	Private
Solar Smart Living, LLC	Santa Teresa, New Mexico, United States (USA)	11-50	2007	Private
Paradise Power Company, Inc | PPC Solar	Taos, New Mexico, United States (USA)	11-50	1979	Private
Gridworks	Albuquerque, New Mexico, United States (USA)	51-200	2014	Private
Flow Aluminum	Albuquerque, New Mexico, United States (USA)	1-10	2023	Corporate
Affordable Solar	Albuquerque, New Mexico, United States (USA)	51-200	1998	Private
Mosher Enterprises	Albuquerque, New Mexico, United States (USA)	51-200	1985	Private
T&D Services LLC	Albuquerque, New Mexico, United States (USA)	11-50	2007	Private
Preformed Line Products - DPW Solar Mounting Solutions	Albuquerque, New Mexico, United States (USA)	51-200	1993	Private
UbiQD, Inc.	Los Alamos, New Mexico, United States (USA)	11-50	2014	Private
KiloNewton	Albuquerque, New Mexico, United States (USA)	11-50	2017	Private
Mcdade-woodcock, INC.	Albuquerque, New Mexico, United States (USA)	51-200	2013	Private
BayWa r.e. Solar Systems LLC	Santa Fe, New Mexico, United States (USA)	51-200	2007	Private
BayoTech Hydrogen	Albuquerque, New Mexico, United States (USA)	51-200	2015	Private Equity
Prime Electric, Inc.	Albuquerque, New Mexico, United States (USA)	11-50	1998	Private
EverGuard Roofing, LLC	Albuquerque, New Mexico, United States (USA)	51-200	2001	Family Owned
Pajarito Powder, LLC	Albuquerque, New Mexico, United States (USA)	11-50	2011	Private
Aqua Membranes, Inc.	Albuquerque, New Mexico, United States (USA)	11-50	2011	Venture Capital
Unirac	Albuquerque, New Mexico, United States (USA)	51-200	1998	Private Equity
Bridgers & Paxton	Albuquerque, New Mexico, United States (USA)	51-200	1951	Private
SolAero by Rocket Lab	Albuquerque, New Mexico, United States (USA)	201-500	1998	Corporate
Spiritus	Albuquerque, New Mexico, United States (USA)	11-50	2021	Venture Capital

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