Company grows sales by 60 percent compared to prior year
Castillo Engineering announced that it had completed its best year on record since the company’s foundation over 25 years ago. In 2022, the company’s sales grew by 60 percent compared to 2021. This tremendous growth can be attributed in part to the company’s expansion of its utility-scale solar and community solar division, which grew by 140 percent. In total, Castillo Engineering designed 550 MW of residential, utility-scale, and community solar projects, including 9,500 residential projects, in 2022 alone. Additionally, the company not only kept all of its pre-pandemic employees but actually increased its workforce by 183 percent since the pandemic began, as well as achieved 87 percent staff diversity in 2022.
“We are immensely proud of our accomplishments in 2022 and could not have achieved these results without our strong team, reliable partners, efficient processes, and our collective drive to create a more sustainable future for all,” said Christopher Castillo, CEO of Castillo Engineering. “We are glad to have become the go-to solar engineering firm for the nation’s leading utility-scale EPCs and developers and look forward to building on this success in 2023.”
Beyond the significant growth in staff, sales, and number of projects Castillo Engineering achieved in 2022, the company also completed several groundbreaking solar projects last year. Castillo Engineering completed a 38 MW portfolio of large-scale community solar projects in New York in which the company was able to reduce costs by $1.2M through site optimization, resulting in 8,700 homes receiving clean energy that was previously deemed ineligible for solar access due to lack of finances. Castillo Engineering also was the Structural Engineer of Record for the 1.1 MW U.S. Army Fort Bragg Solar project in North Carolina, the largest floating solar project in the Southeastern U.S., and the winner of the 2022 Procure Groundbreaking Project Award.
Awards and Recognitions
As a result of Castillo Engineering’s extensive achievements, the company also received several other notable recognitions and awards in 2022. The company was named to Inc. 5000’s esteemed list of fastest-growing companies in America for the second consecutive year, placing Castillo Engineering in the top 0.07 percent of all privately-owned companies in America in terms of multi-year growth. Castillo Engineering was also ranked by Inc. as the ninth fastest-growing engineering firm in the United States due to its extraordinary three-year revenue growth of 595 percent. Rick Castillo, PE, the company’s President and Principal, also received two prestigious recognitions. He was named an Orlando Business Journal 2022 Power Player and was named to Florida Trend’s Florida 500 list of most influential business leaders. Lastly, Castillo Engineering also became Great Place to Work US Certified in 2022 as a result of its employees’ highly positive feedback from a robust third-party review of its work environment.
2023 Look Ahead
Due to Castillo Engineering’s record growth, the company will be moving to a new, larger office space in Maitland in Q1 of 2023. The new office is currently under construction, as it is being updated to meet the culture requirements and ergonomic standards of Castillo Engineering. The new office space will accommodate a 335 percent increase in the company’s workforce in preparation for future anticipated additional growth.
Also, in Q1 of 2023, Castillo Engineering will be rolling out a new customer-facing online portal called “First Place.” This portal will allow customers to place design requests, check project status, request and respond to RFIs, chat live with project engineers, and make payments - all online! The company first plans on launching this for its residential division and will soon be launching it for its utility division as well.
Follow Castillo Engineering on LinkedIn to stay up to date with the company’s achievements and announcements throughout 2023.