EB2 - NIW - Edison Morante - GreenVolt Consultancy
EB2 - NIW - Edison Morante - GreenVolt Consultancy
3
2. INDUSTRY CARACTERIZATION.................................................................................4
2.1. INDUSTRY OVERVIEW......................................................................................4
2.2. PORTER’S FORCES ANALYSIS.............................................................................5
2.2.1. Competition in the industry.......................................................................6
2.2.2. Power of new entrants in the industry.......................................................7
2.2.3. Power of suppliers.....................................................................................9
2.2.4. Power of customers.................................................................................10
2.2.5. Threats of substitutes..............................................................................11
2.2.6. Porter’s forces analysis conclusion...........................................................12
2.3. S.W.O.T ANALIZIS............................................................................................13
2.3.1. Strengths.................................................................................................13
2.3.2. Weaknesses.............................................................................................13
2.3.3. Opportunities..........................................................................................14
2.3.4. Threats....................................................................................................14
2.3.5. S.W.O.T. Analysis Conclusion....................................................................14
3. BUSINESS MODEL.................................................................................................15
3.1. BUSINESS MOTIVATION MODEL – (BMM).......................................................15
3.1.1. Mission statement & Vision.....................................................................16
3.1.2. Strategies & Goals....................................................................................16
3.1.3. Tactic & Objectives...................................................................................18
3.2. CANVAS BUSINESS MODEL.............................................................................21
3.2.1. Customer segment...................................................................................21
3.2.2. Value Propositions...................................................................................21
3.2.3. Channels..................................................................................................22
3.2.4. Customer relationships............................................................................22
3.2.5. Key activities............................................................................................22
3.2.6. Key resources...........................................................................................22
3.2.7. Key partners............................................................................................23
3.2.8. Revenue Streams.....................................................................................23
3.2.9. Cost structures.........................................................................................23
3.2.10. Canvas business model graphic representation......................................24
4. SUBSTANTIAL MERIT.............................................................................................24
5. NATIONAL IMPORTANCE.......................................................................................27
5.1. SERVICES........................................................................................................31
5.2. FINANTIAL FORECAST.....................................................................................34
5.3. COMPANY OPERATION DURING THE FIRST YEAR............................................36
5.4. JOB CREATION FORECAST AND IMPACT..........................................................37
5.4.1. Future Jobs..............................................................................................38
6. APPLICANT IS WELL POSITIONED TO ADVANCE THE PROPOSED ENDEAVOR..........39
6.1. EDUCATIONAL BACKGROUND.........................................................................39
6.2. PROFESSIONAL BAKCGROUND.......................................................................40
6.3. STEPS TAKEN TOWARDS ACCOMPLISHING ENDEAVOR....................................40
7. ON BALANCE DISCRETIONARY EVIDENCE..............................................................42
1. EXECUTIVE SUMMARY
Proposed Endeavor: "GreenVolt Electrical Consulting Services is poised to
revolutionize the energy sector by integrating sustainable energy solutions and smart
grid technologies. This initiative aims to enhance energy efficiency, reduce carbon
footprints, and promote the use of renewable resources across various industries. By
harnessing the power of cutting-edge technologies and innovative strategies, GreenVolt
Electrical Consulting Services is committed to overcoming the challenges of energy
transition, supporting the shift towards a more sustainable and resilient energy system.
The company's mission is to empower businesses and communities to achieve their
environmental goals while ensuring economic growth and energy security for the U.S."
In the U.S., the energy sector is grappling with the transition to renewable
energy sources, infrastructure aging, and the need for grid modernization to ensure
energy reliability and efficiency. These challenges are compounded by the increasing
demand for clean energy, regulatory hurdles, and the technological advancements
required to integrate renewable energy sources effectively.
New York State, in particular, faces the unique challenge of connecting its
abundant upstate renewable energy resources with the high energy demand of downstate
regions. This necessitates significant investments in transmission infrastructure and
energy storage solutions to manage the intermittency of renewable sources and meet the
state's ambitious zero-carbon goals.
The Biden administration is actively pursuing policies to transition the U.S. to
cleaner energy sources and modernize the nation's energy infrastructure. This includes
substantial investments in renewable energy, enhancing the electric grid's capability to
handle renewable energy sources, and increasing federal support for green technologies.
For New York State, the administration's efforts align with the state's ambitious
renewable energy goals by supporting the development of large-scale renewable
projects and infrastructure improvements. These initiatives aim to tackle the challenges
of integrating renewable energy and ensuring reliable, sustainable energy access across
the state.
GreenVolt Electrical Consulting Services Consulting's initiatives are well-
aligned with the Biden administration's goals to enhance the U.S. energy sector's
sustainability and efficiency. By focusing on renewable energy integration and
smart grid technologies, GreenVolt Electrical Consulting Services supports the
transition to a cleaner energy mix, echoing federal efforts to combat climate
change and modernize energy infrastructure. The firm's work in promoting energy
efficiency and renewable resources directly contributes to alleviating the challenges
faced by the U.S. energy sector, including reducing dependency on fossil fuels and
improving grid reliability. Through innovative solutions and strategic consulting,
GreenVolt Electrical Consulting Services helps pave the way for achieving the
administration's ambitious energy and environmental targets.
Mr. Morante's extensive background in electrical engineering and leadership in
large-scale renewable energy projects equips him uniquely for leading GreenVolt
Electrical Consulting Serices. His experience with innovative energy solutions and grid
modernization initiatives aligns with the firm's mission to advance sustainable energy
practices. Morante's track record of successfully managing teams and projects
underscores his capability to navigate the complexities of the energy sector, making him
an ideal leader to drive GreenVolt Electric Consulting Services towards achieving its
goals in the evolving landscape of renewable energy.
2. INDUSTRY CARACTERIZATION
2.1. INDUSTRY OVERVIEW
The Energy Consulting sector is poised for significant growth from 2022 to
2028, with projections indicating an expansion from USD 16,994.68 million to USD
23,381.97 million. This anticipated growth, encapsulated by a Compound Annual
Growth Rate (CAGR) of 5.46%, underscores the sector's vital role in steering
businesses towards more efficient, cost-effective, and sustainable energy use. The robust
growth trajectory reflects an increasing acknowledgment of the critical importance of
energy efficiency and sustainability within global business practices, highlighting the
sector's potential for substantial impact in the coming years.
Globally, the surge in demand for digital transformation and the integration of
renewable technologies is driving the market forward. This demand stems from
businesses' needs to enhance operational efficiency, reduce energy costs, and make the
transition to more sustainable energy sources. The growth is further amplified by
technological advancements that enable more effective energy management and
optimization, showcasing the sector's ability to adapt to rapidly evolving technological
landscapes. These global trends emphasize a shift towards sustainability and highlight
the indispensable role of energy consulting services in aiding businesses through this
transition.
Regulatory frameworks and government policies also play a crucial role in the
market's expansion. Around the world, governments are enacting stricter environmental
regulations and offering incentives for the adoption of renewable energy, creating a
conducive environment for the proliferation of energy consulting services. These
services are crucial for businesses navigating the complex regulatory environment,
ensuring compliance, and optimizing energy usage in alignment with government
mandates. The influence of these regulatory efforts is a significant growth driver,
underscoring the interplay between policy, environmental stewardship, and business
operations.
In the United States, the energy consulting market is particularly vibrant,
mirroring the country's robust push towards renewable energy and energy efficiency.
The growth in the U.S. market is facilitated by initiatives aimed at reducing energy
generation costs and enhancing energy efficiency across the commercial sector.
Innovations such as pay-for-performance schemes and the increased share of renewable
energy generation are pivotal to the North American market's dynamics. This emphasis
on the U.S. market within the global energy consulting landscape is driven by
regulatory support, technological innovation, and market demand.
The sector's trajectory is, however, tempered by global events such as the
COVID-19 pandemic and the Russia-Ukraine conflict, which introduce uncertainties
and challenges affecting consumer behavior, supply chains, and overall market
dynamics. Despite these adversities, the sector is expected to demonstrate resilience and
adaptability to the shifting global landscape. This resilience underscores the sector's
critical role in ensuring sustainable and efficient energy use amidst rapidly evolving
global circumstances.
In summary, the energy consulting sector's anticipated growth, characterized by
a healthy CAGR and propelled by technological advancements, regulatory changes, and
a global pivot towards sustainability, places it at a crucial juncture. The United States
stands out as a key player in this narrative, acting as a significant market and innovation
center. Despite facing challenges from global events, the ongoing demand for energy
consulting services is expected to drive the sector's growth trajectory forward,
presenting ample opportunities for stakeholders engaged in navigating and leveraging
the dynamics of the energy consulting market.
2.2. PORTER’S FORCES ANALYSIS
Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape
every industry and helps determine an industry's weaknesses and strengths. Five Forces
analysis is frequently used to identify an industry's structure to determine corporate strategy.
Porter's model can be applied to any segment of the economy to understand the level of
competition within the industry and enhance a company's long-term profitability. The Five
Forces model is named after Harvard Business School professor Michael E. Porter 1
1
https://www.isc.hbs.edu/strategy/business-strategy/Pages/the-five-forces.aspx
https://www.forbes.com/sites/miltonezrati/2023/03/24/americas-electric-grid-is-weakening/?sh=53070543f7e9
https://greenly.earth/en-us/blog/company-guide/why-are-electricity-grids-a-challenge-for-the-us-transition
https://www.whitehouse.gov/briefing-room/statements-releases/2023/10/30/fact-sheetbiden-harris-administration-
announces-historic-investment-to-bolster-nations-electric-grid-infrastructure-cut-energy-costs-for-families-and-
create-good-paying-jobs/
https://www.whitehouse.gov/briefing-room/statements-releases/2023/05/10/fact-sheet-biden-harris-administration-
outlines-priorities-for-building-americas-energy-infrastructure-faster-safer-and-cleaner/
Chapter 5 - Advanced Degree or Exceptional Ability | USCIS, available online at https://www.uscis.gov/policy-
manual/volume-6-part-f-chapter-5
https://www.whitehouse.gov/briefing-room/statements-releases/2023/05/10/fact-sheet-biden-harris-administration-
outlines-priorities-for-building-americas-energy-infrastructure-faster-safer-and-cleaner/
https://www.whitehouse.gov/briefing-room/statements-releases/2023/10/30/fact-sheetbiden-harris-administration-
announces-historic-investment-to-bolster-nations-electric-grid-infrastructure-cut-energy-costs-for-families-and-
create-good-paying-jobs/
2022 DCI Interactive Map - Economic Innovation Group (eig.org), available online at https://eig.org/distressed-
communities/2022-dci-interactive-map/?path=zip/84116
https://www.greentechmedia.com/articles/read/the-challenges-of-greening-new-yorks-power-grid
See discussion of the entrepreneurs in Subsection 4, Specific Considerations for Entrepreneurs, [6 USCIS-PM F.5(D)
(4)].
https://www.whitehouse.gov/briefing-room/statements-releases/2023/10/30/fact-sheetbiden-harris-administration-
announces-historic-investment-to-bolster-nations-electric-grid-infrastructure-cut-energy-costs-for-families-and-
create-good-paying-jobs/
https://www.whitehouse.gov/briefing-room/statements-releases/2023/05/10/fact-sheet-biden-harris-administration-
outlines-priorities-for-building-americas-energy-infrastructure-faster-safer-and-cleaner/