Peck Electric has been a family-owned electrical contractor based in Vermont for nearly five decades. Over the years, we have built exceptional relationships with our clients and developed broad expertise across the electrical contracting disciplines. In the 1980s, IBM chose Peck Electric to wire their new manufacturing facilities, and we have continued to serve IBM/Global Foundries as well as other large companies ever since. In 2013, we made a strategic decision to focus on Solar EPC, only after we were certain of the sustainable business model. Since then, we have grown to be the largest Solar EPC in Vermont and have constructed the largest solar arrays in the State for our commercial and utility customers. We are proud of our unparalleled technical expertise and the long-term business partnerships we have built.
After installing more than 100MW of solar energy, we are well positioned for the coming transformation to an all renewable energy economy. We have now opened our family company to the public market as part of our strategic growth plan. We are expanding across the Northeast to serve the fast-growing demand for clean renewable energy. We are open to partnering with others to accelerate our growth process, and we are expanding our own portfolio of company-owned solar arrays to establish recurring revenue streams for many years to come. We have established a leading presence in the market after five decades of successfully serving our customers, and we are now ready for new opportunities and the next five decades of success.
The world recognizes the need to transition to a reliable, renewable energy grid in the next 50 years. Vermont and Hawaii are leading the way in the US with renewable energy goals of 75% by 2030 and 100% by 2045, respectively. California committed to 100% carbon-free energy by 2045. 29 other states also have renewable energy goals regardless of current Federal solar policy. The Peck Company will use near-term incentives and take advantage of the long-term, sustainable energy transformation with a commitment to the environment, and to its stakeholders and shareholders. We are guided by the mission to facilitate the reduction of carbon emissions through the expansion of clean, renewable energy and believe that leveraging our core values to deploy resources toward profitable business is the only sustainable strategy to achieve these objectives. The triple bottom line including people, environment, and profit has always been our guide since we began installing renewable energy and will continue to be our guide over the next 50 years as we construct our energy future.