Early Life
Ron Corio was born in New Jersey in the late 1950s. In 1979, he moved to New Mexico. His interest in solar energy was sparked in the late 1970s, during the oil crisis.
Rise to Success
Corio's career began in 1989 when he founded Array Technologies with $16,000. The company specialized in solar tracking systems. His innovation led to significant improvements in solar energy efficiency. Array Technologies went public in October 2020, and Corio sold a significant portion of his shares, leading to a pre-tax payout.
Key Business Strategies
Corio's key strategy was the creation and commercialization of a viable solar tracking system. His commitment to innovation and the ability to recognize market potential were crucial. Array Technologies' success is due to its single-axis solar trackers that maximize solar panel efficiency. His leadership and vision drove the company's growth.
Philanthropy
Ron Corio established the Corio Foundation in 2017. The foundation has contributed to several charitable organizations, including Doctors Without Borders, the Mayo Clinic, and the Environmental Defense Fund. In 2022, the foundation announced the Corio Aspiring Innovators Program, which funds scholarships.