Early Life
Ron Corio's interest in solar energy was ignited in the late 1970s during the oil crisis, which led him to consider alternative energy sources. After graduating high school in 1979, he studied engineering at the University of New Mexico but dropped out to work for HDI Research, a local startup. His initial experience with solar came from installing a system for HDI's wilderness cabin.
Rise to Success
Corio's career took a significant turn in 1985 when he joined Wattsun Corp., a small solar firm in Albuquerque. It was here that he conceptualized his first solar tracker. In 1989, Corio founded Array Technologies with a vision to create premier tracker systems. The company went public in October 2020 on the NASDAQ, raising over $1.2 billion and increasing the firm's valuation to about $3 billion. Corio stepped down as CEO before the IPO and resigned from the board in 2022.
Key Business Strategies
Array Technologies, under Corio's leadership, focused on creating tracker systems designed to maximize energy output. The company's DuraTrack line of solar trackers has become a top choice for PV project owners globally. Corio's strategy included engineering, customer service, and vision. He sold his 38% stake within six months of the IPO for approximately $1.2 billion before tax.
Philanthropy
Information on Corio's specific philanthropic initiatives could not be determined from the search results. However, he is known to support climate change mitigation and environmental sustainability efforts.
