Our Company
History
CalCom Energy is an S-Corporation incorporated in California in July 2012. We are 100% employee-owned with no parent companies, operating under an Employee Stock Ownership Plan (ESOP) structure. Our business team has led the deployment of over 150+ megawatts (MW) of solar generation and energy storage capacity across the food and ag value chain. We currently monitor over 100 MW of solar assets.
CalCom Energy is always staying at the forefront of energy innovations that will assist our customers in unlocking savings, pinpointing operational efficiencies, and earning new and recurring income from new applications and existing system assets.
Employee-Ownership at CalCom Energy
CalCom Energy is proud to be a 100% employee-owned business with no parent companies. We operate under an Employee Stock Ownership Plan (ESOP) structure, which means that our employees are distinctly invested in the success of our business, resulting in key benefits for our customers.
What is an ESOP?
An Employee Stock Ownership Plan (ESOP) is a tax-qualified retirement plan authorized and encouraged by federal tax and pension laws. ESOPs are similar to—and governed by some of the same laws and regulations as—401(k) plans. In other ways, however, ESOPs are quite different from 401(k)s.
When companies launch an ESOP, they form a trust that purchases some or all of the company’s shares and holds them in retirement accounts for employees. When the stock value increases or decreases, so does the value of employees’ accounts.
Unlike 401(k)s, most ESOPs require no out-of-pocket contribution from employees. For employees who feel hard-pressed to make an out-of-pocket contribution to a 401(k), an ESOP might be the only plan in which they can afford to participate.
What Does It Mean to Be Part of an ESOP?
As employees, it means we literally “own” our work—we are each directly impacted by our successes and failures in the company. For employee-owners, which is how we see ourselves, this makes all the difference in generating strong motivation for success and inspires us to strive for continuous improvement in all that we do.
For our customers and partners, it means that we are each literally invested in the success of our company and, therefore, in the success and satisfaction of our client and partner relationships. Our team is in it for the long haul, and we stand by our reputation internally and externally.
What Does It Mean to Be Part of an ESOP?
As employees, it means we literally “own” our work—we are each directly impacted by our successes and failures in the company. For employee-owners, which is how we see ourselves, this makes all the difference in generating strong motivation for success and inspires us to strive for continuous improvement in all that we do.
For our customers and partners, it means that we are each literally invested in the success of our company and, therefore, in the success and satisfaction of our client and partner relationships. Our team is in it for the long haul, and we stand by our reputation internally and externally.