Late 2008/early 2009 was an unsettling time. Bear Stearns was bailed out, Lehman Brothers went bankrupt, the housing market collapsed, credit markets were frozen, the stock market fell more than 40%, the unemployment rate was approaching 10%, and energy markets were in turmoil. The Great Recession was underway. Despite this uncertainty, during April of 2009, Avalon Energy Services, LLC was established.
More than a few of our family and friends suggested we were crazy to start a business during such a difficult economic time. We probably were. But, with expanded customer choice and intense energy commodity price volatility, confusion was immense and we saw a clear need among energy users for independent and objective energy-related advice. Our belief was that with a singular focus on the individual needs of energy users, we could help. So, we set off on a mission to help commercial and industrial customers “save energy and save money.”
Today, energy users have more options than ever for energy procurement and usage, including onsite and offsite renewable energy, energy storage, and combined heat and power (CHP), to name just a few. Sustainability has also become a major consideration, and customers have access to numerous options for ensuring their energy usage aligns with their needs and priorities.
Referrals from satisfied customers have enabled Avalon to grow and serve an expanded market, but we continue to maintain a singular focus on each customer’s individual needs and priorities. The turmoil of the Great Recession may have abated, but the need for professional guidance in navigating energy usage, procurement, and sustainability has only grown. At ten years old, we are proud to continue to provide our customers with top quality independent and objective advice based on sound economics.
Evelyn Teel wrote this article.
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