Powered by LevrNAICS 221118: Other electric power generation
NAICS 221118 is the industry code for other electric power generation. Use it on loan applications, tax forms and registrations. Explore financing for energy services and start your application when you are ready.
What 221118 covers
Businesses classified here generate electricity from sources not covered elsewhere, such as tidal and wave power, and some battery storage operations.
Included in this code
- Tidal power generation
- Wave power generation
- Battery energy storage selling to the grid
Not this code
- Solar power: see 221114 Solar electric power generation
- Wind power: see 221115 Wind electric power generation
Businesses that use 221118
Financing for this trade
Power producers use construction loans, project finance and term debt sized to contracted revenue, plus equipment financing for turbines, panels and inverters; smaller projects also use SBA 504 and USDA guarantees. Lenders look at the power purchase agreement, interconnection status and production history.
Apply for funding with AIIs 221118 the right code for a tidal, battery storage or other power producer?
Yes, if your business generates or supplies electricity from a source without its own code, such as tidal power. The code for solar power is 221114. Pick the code that matches the activity earning most of your revenue, and use that same code on your tax return, loan applications and SBA forms so lenders see one consistent picture.
What is the SBA size standard for 221118?
The SBA size standard for 221118 is 650 employees. A business at or under that headcount, counting affiliates, is small for SBA loans such as 7(a) and 504 and for federal contracting set asides. Employees are averaged across all pay periods over the past 24 months, including part time and temporary staff.
What financing do other power producers use?
Power producers use construction loans, project finance and term debt sized to contracted revenue, plus equipment financing for turbines, panels and inverters; smaller projects also use SBA 504 and USDA guarantees. Lenders look at the power purchase agreement, interconnection status and production history. Lenders that already fund this trade move faster because they know how to read its cash cycle.
What does NAICS 221118 cover?
Other electric power generation. Industry level code in NAICS 2022, under 22 Utilities, 221 Utilities, 2211 Electric power generation, transmission and distribution, 22111 Electric power generation.
What financing do NAICS 221118 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for energy services businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 221118?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.