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Here are 1-3 brief analogies for One Power (symbol: ONE), assuming reference to ONEOK, Inc. due to the ticker ONE:

• It's like UPS for natural gas, transporting energy resources through a vast pipeline network across the U.S.
• Think of it as an energy pipeline version of FedEx, delivering natural gas and its liquids from producers to homes and industries.
• A crucial energy infrastructure company, similar to how major railroads like Union Pacific transport goods across the country, but focused on natural gas and its byproducts.

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• Electricity Generation: One Power operates a portfolio of power plants utilizing diverse sources, including renewables (solar, wind) and traditional fuels, to produce electricity for regional grids.
• Energy Transmission & Distribution: The company manages and maintains extensive infrastructure, such as high-voltage transmission lines and local distribution networks, to deliver electricity efficiently to end-users.
• Renewable Energy Project Development: One Power is involved in the complete lifecycle of large-scale renewable energy projects, from site selection and financing to construction and operation of solar and wind farms.
• Energy Retail & Supply: It provides direct electricity supply services to residential, commercial, and industrial customers, often offering various pricing plans and green energy options.
• Grid Modernization & Smart Grid Solutions: The company invests in and deploys advanced technologies to enhance grid resilience, optimize energy flow, and integrate distributed energy resources for a smarter electrical network.

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I am unable to identify a publicly traded company named "One Power" with the stock symbol "ONE".

Publicly available financial databases and market information do not show a company matching this description.

Therefore, I cannot provide information on its major customers or customer categories.

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Jereme Kent, Founder and CEO

Jereme Kent founded One Power in 2009. Before establishing One Power, he oversaw the construction of significant wind projects for companies such as RMT, M.A. Mortensen, and D.H. Blattner, with experience encompassing over a billion dollars in wind turbine construction. He has been actively involved in every stage of developing, engineering, procuring, constructing, operating, and financing wind energy and high-voltage infrastructure projects.

Eileen Fargis, Chief Financial Officer and Chief Growth Officer

Eileen Fargis joined One Power as Chief Financial Officer and Chief Growth Officer, effective January 1, 2025. Her background includes serving as Managing Director - Private Equity Sustainable Infrastructure at TortoiseEcofin and Portfolio Manager for Ecofin U.S. Renewables Infrastructure Trust plc. She also held positions as Managing Director, Head of Investments for InterEnergy Holdings, which invests in low-carbon energy assets in Latin America and the Caribbean, and Co-Head of the IFC African, Latin American & Caribbean Fund LP, a $1 billion private equity fund. Additionally, Ms. Fargis was a Managing Director at GE Energy Financial Services, showcasing extensive experience in evaluating, structuring, and negotiating investments and business development in the infrastructure, energy, and industrial sectors, indicating a pattern of managing companies backed by private equity firms or investment funds.

Chelsea Bumb, P.E., Executive Vice President and Head of Field Operations

Chelsea Bumb is a licensed Professional Engineer responsible for all of One Power's construction projects and the self-perform construction team. She built the company's self-perform team and developed its systematic approach to project engineering and construction. Ms. Bumb has constructed more than 30 MW of on-site wind generation facilities, including the three largest behind-the-meter wind projects in the United States.

Heidi Tinnesand, Executive Vice President and Head of Project Planning

Heidi Tinnesand has nearly two decades of experience in the wind industry, including roles at Vestas, DNV-GL, and the National Renewable Energy Laboratory. Her expertise includes leading cross-disciplinary research teams, developing innovative solutions for wind energy workforce development and resource assessments, evaluating utility-scale wind farms, and designing field measurement campaigns.

Katie Treadway, Executive Vice President and Chief Regulatory Officer

Before joining One Power, Katie Treadway served as an Assistant Attorney General at the Ohio Attorney General's Office, representing the Public Utilities Commission of Ohio and the Ohio Power Siting Board. At One Power, she ensures the company's compliance with legal and regulatory issues in the energy sector and oversees all local, state, and federal permitting and regulations, in addition to leading government relations.

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Key risks to One Power's (ONE) business include:

1. Regulatory and Policy Risk, particularly the Investment Tax Credit (ITC) Phase-Out: One Power's Serviceable Market Growth analysis specifically highlights the potential impact of the Investment Tax Credit phase-out on its market. The company acknowledges the need to adapt its business model through higher turbine efficiency, greater project cost efficiency, and higher grid rates to mitigate this risk. Changes in renewable energy subsidies, emissions regulations, or grid infrastructure policies can significantly affect the economics and risk profile of power purchase agreements (PPAs) and the broader energy sector in which One Power operates.
2. Market Competition and Customer Demand: One Power aims to disrupt the traditional utility market by offering customer-centric power solutions, such as Wind for Industry, to large industrial energy users who are seeking to take back control of their energy supply. This places the company in a competitive environment where its success heavily relies on its ability to offer economically viable solutions, specifically lower PPA rates compared to average industrial grid rates. The market thesis indicates that large energy consumers are actively seeking high-quality, trusted partners, signifying that competition for these customers is a continuous challenge.
3. Capital Procurement and Funding Risk: As a company in an expansion phase, One Power has recently secured strategic private investment and is pursuing future financings to accelerate its growth strategy. The successful completion of a Series A round in May 2024 further underscores its need for capital. Like other power companies, One Power requires substantial capital for developing, building, owning, and operating its industrial power solutions, making the continued ability to raise funds efficiently and flexibly crucial for its commercial project development pipeline and aggressive growth.

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One Power (symbol: ONE) appears to be "One Power Company," a private entity founded in 2009, which specializes in on-site power solutions for large industrial customers. The company identifies its main products and services as "Wind for Industry," "Managed High Voltage," and other unique energy solutions for industrial energy users. One Power is noted as the largest installer of on-site wind energy in the United States.

Based on the available information, the addressable markets for One Power's main products and services can be identified as follows:

• Renewable Energy Storage Solutions (Global): The global renewable energy storage market was valued at approximately USD 39.16 billion in 2024 and is projected to reach USD 89.06 billion by 2031, growing at a compound annual growth rate (CAGR) of 12.46% from 2024 to 2031. Another report indicates the global renewable energy storage market size was USD 125.42 billion in 2024 and is expected to grow to USD 476.11 billion by 2029 at a CAGR of 29.8%. The Asia-Pacific region held the largest share in this market in 2024.
• Smart Grid Solutions (Global): The global smart grid market was valued at USD 73.77 billion in 2024 and is expected to reach USD 344.59 billion by 2034, exhibiting a CAGR of 16.7% during the forecast period (2025-2034). Another estimate places the global smart grid market size at USD 49.38 billion in 2024, expected to reach USD 208.15 billion by 2032 with a CAGR of 19.70%. North America held the largest market share in the smart grid market in 2024.
• Battery Energy Storage Systems (Global): The global battery energy storage system market is projected to grow from USD 50.81 billion in 2025 to USD 105.96 billion by 2030, at a CAGR of 15.8%. This market is driven by the rapid deployment of renewable energy and increasing grid modernization initiatives.

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One Power (symbol: ONE) is an industrial power company focused on developing, building, owning, and operating on-site power solutions for large industrial customers. Despite withdrawing its initial public offering in May 2025, the company has secured private investment to accelerate its growth strategy. The following are 3-5 expected drivers of future revenue growth for One Power over the next 2-3 years:

1. Expansion of On-site Industrial Power Solutions: One Power's core business revolves around providing "behind-the-meter" industrial power solutions, including Megawatt Hubs, Wind for Industry®, ManagedHV®, and Net Zero projects. The company had 150 megawatts of signed power contracts as of September 30, 2024, with additional wind and solar projects under construction. Continued development, construction, and operation of these diverse on-site solutions will be a primary revenue driver.
2. Increasing Demand for Reliable and Decentralized Industrial Power: The company's CEO, Jereme Kent, has highlighted "extraordinary demand for reliable, on-site industrial power." Industrial customers are increasingly seeking to control their energy sources, enhance reliability, and reduce their carbon footprint, creating a significant market for One Power's offerings. This trend towards decentralization and energy independence for industrial users is expected to drive sustained demand for One Power's services.
3. Growth through Long-Term Customer Contracts: One Power typically enters into long-term and medium-term agreements with its industrial customers. Expanding its portfolio of these binding contracts with large industrial clients, such as Whirlpool, Marathon Petroleum Corporation, and Holcim, will provide stable and recurring revenue streams.
4. Penetration of the Large U.S. Industrial Market: One Power targets a substantial addressable market, estimated to include over 53,000 large industrial facilities in the U.S. These facilities collectively account for approximately 26% of domestic electricity consumption. By continuing to expand its reach and secure new customers within this significant, and largely untapped, market for on-site power solutions, One Power can drive substantial revenue growth.

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Share Issuance

• One Power Company filed a registration statement on Form S-1 in January 2025 for a proposed initial public offering of its Class A Common Stock, which was subsequently withdrawn in May 2025.
• The company successfully completed a Series A funding round in May 2024.

Inbound Investments

• In May 2025, One Power Company secured a new round of private capital from an existing investor, following its Series A round in May 2024.
• These private investments are intended to accelerate One Power's growth strategy and expand its portfolio of behind-the-meter power infrastructure for large industrial clients.

Capital Expenditures

• One Power Company's business model involves developing, building, owning, and operating on-site power solutions for industrial customers.
• The company operates as a "self-perform" contractor, conducting the majority of its construction activities directly with significant in-house capabilities for power infrastructure execution.
• Capital expenditures are primarily focused on building and operating MW-scale, mission-critical, high-voltage power systems.