Original Event Date: February 20, 2002.
Chicago, IL — February 20, 2002. HiGrow is proud to share its first annual business review, showing encouraging growth in first year of operation, highlighting the progress made throughout its inaugural year in the clean energy sector.
Despite limited resources and a competitive landscape, HiGrow recorded consistent internal growth, with R&D investment making up over 65% of total expenditures. The company reported a modest but healthy seed capital influx from early partners and advisors, enabling the build-out of its foundational engineering operations.
Key highlights from the 2001 financial year:
- Successful recruitment of core engineering and software teams
- Initial prototype testing for DC-AC conversion modules
- Strategic planning for renewable energy product lines
“Our early results confirm our belief that renewable energy is not just the future — it’s the now,” said one of HiGrow’s founding members. “We’re committed to developing reliable, affordable, and innovative solar-powered systems for the world.”
As HiGrow enters 2002, the focus remains firmly on scaling R&D efforts and preparing for potential OEM partnerships in the near future.
