P2 Solar, Inc. is primarily engaged in the construction of residential and commercial rooftop and ground mount solar power plants in Canada. The company operates through its wholly owned subsidiary Futricity Solar, Inc., which provides installation services for rooftop and ground mount solar systems serving both residential and commercial properties. Historically, the business began as Spectrum Trading Inc., incorporated in British Columbia in 1990, initially intending to…
P2 Solar, Inc. is primarily engaged in the construction of residential and commercial rooftop and ground mount solar power plants in Canada. The company operates through its wholly owned subsidiary Futricity Solar, Inc., which provides installation services for rooftop and ground mount solar systems serving both residential and commercial properties. Historically, the business began as Spectrum Trading Inc., incorporated in British Columbia in 1990, initially intending to import leather products from India before shifting to chemical manufacturing in 1997. After redomiciling to Delaware in 1999 and undergoing name changes to Natco International, Inc. in 2004 and to P2 Solar, Inc. in 2009, the firm refocused its operations on solar energy projects. The principal office is located at 13718 91 Avenue, Surrey, British Columbia, Canada, V3V 7X1.
P2 Solar, Inc. generates revenue mainly from engineering, procurement, and construction contracts for solar power plants, which include equipment procurement, site work, and installation. The company also earns fees from installation services performed by Futricity Solar, Inc., which undertakes rooftop and ground mount solar projects for homeowners and businesses. At the time of Futricity’s acquisition on February 22, 2023, the subsidiary held approximately $18,000 CAD worth of pending orders for rooftop solar installations. During the 12 months ended March 31, 2024, the combined entity recorded sales of about $166,000 and completed 112 kilowatts of solar installations. These figures reflect the company’s current revenue stream derived from both construction contracts and installation services.
P2 Solar, Inc. operates within the Canadian solar energy sector, which features numerous engineering, procurement, and construction firms as well as specialized installers competing for residential and commercial projects. The company differentiates itself through an integrated business model that combines large scale plant construction capabilities with dedicated installation expertise via its subsidiary, enabling it to offer end to end solutions. This integration reduces reliance on third party subcontractors and can improve project timelines and cost control for customers. Additionally, P2 Solar’s focus on both residential and commercial segments allows it to diversify its project pipeline and capture demand across different market niches. The recent revocation of the British Columbia cease trade order in January 2025 and the subsequent annual general meeting have restored the company’s ability to access capital markets, supporting future growth initiatives.
The company’s customer base consists of residential homeowners and commercial clients situated throughout Canada. Residential projects typically involve rooftop solar installations for private households seeking to reduce electricity costs and increase energy independence. Commercial engagements include ground mount systems for businesses, agricultural operations, and community facilities that require larger scale solar generation. No specific customer names are disclosed in the filing; the company describes its clientele in terms of these broader categories.