Innovative Energy Group Limited (IEG) outlined a clear growth strategy aimed at securing millions of US dollars in revenue for 2026 at its Annual General Meeting (AGM) held on Wednesday, January 14, 2026. 

The projected revenue growth is expected to be driven by secured contracts, a growing project pipeline, and the company’s entry into a new energy market segment.

The AGM was convened as a hybrid meeting, with shareholders participating both online and in person, while directors, executives, media, and invited guests attended physically at the Caymanas Golf Club. The meeting marked a significant milestone following the company’s transformation and rebranding over the past year. 

Chairman Nigel Davy said the transition unified multiple business lines under a single, forward-looking identity, positioning IEG to capitalise on expanding opportunities in renewable energy and clean technology.

“This AGM marks an important milestone in the evolution of the company,” Davy said. “We have deliberately repositioned the business to compete and win in Jamaica’s rapidly evolving energy market, with stronger structure, clearer strategy and improved investor confidence.”

At the core of that strategy is projected revenue growth for 2026, supported by secured contracts and a strong development pipeline. Davy reported solid operational progress and a growing project pipeline valued at more than US$20 million, alongside continued balance sheet discipline. He acknowledged that Hurricane Melissa is expected to temper growth in the current fiscal year but emphasised that the outlook over the next 18 months points to stronger performance.

The Chairman also highlighted the company’s measured expansion into electric mobility as a complementary growth driver. “We are making a measured but strategic entry into the electric golf cart and electric mobility market,” Davy said. “This segment aligns naturally with our solar and battery solutions, particularly where charging infrastructure and on-site clean energy can be delivered together.” He confirmed that IEG has commenced offering a new line of electric golf utility vehicles in Jamaica, with regional expansion planned, noting rising demand across hospitality, industrial and gated-community settings.

A major highlight of the AGM was the formal introduction of the new President and Chief Executive Officer, Dr. Conrad Miller. In his first AGM address, Miller emphasised disciplined execution, sustainable competitiveness, and careful capital deployment as the foundation for converting opportunity into revenue.

Miller explained that recent financial results reflect typical execution timing in a project-based energy business rather than any softening in market demand. He cited the restart of delayed projects and steady progress across the active portfolio as evidence of growing traction.

“The Group is executing major solar and battery energy storage projects for national infrastructure clients, with combined values exceeding US$14 million and targeted completion by mid-2026,” Miller reported. He added that IEG continues to participate actively in public and private renewable energy tenders, converting opportunities into revenue with increasing consistency.

Innovation, Miller noted, extends beyond technology to how the company expands access and delivers projects. Flexible solar solutions for non-traditional rooftops, mobile solar systems for temporary installations, and customer-focused instruments designed to broaden adoption all form part of the Group’s competitive edge. The electric utility vehicle line, he added, is already supporting the deployment of integrated charging and energy solutions.

In closing, Davy reaffirmed the Board’s commitment to long-term shareholder value through capital appreciation and predictable dividends, supported by experienced governance and strengthened executive leadership.

“The fundamentals are aligned,” he said. “Rising electricity costs, falling renewable technology prices and supportive policy create a realistic and compelling future for this company.”