Rancho Palos Verdes off-grid energy provider Powerstorm ESS, which has been trading on the Over-the-Counter market, has applied for listing on the Nasdaq exchange, the company announced Wednesday.

The company, which provides off-grid hybrid energy for remote locations and in emergency situations, said it has a made several advances in the last year to help it sustain and grow shareholder value. Chief Executive Mike Freni pointed to a stronger sales pipeline and the creation of a new position of a chief commercial officer as two efforts that will help to do that for shareholders.

Trading on the Nasdaq exchange will increase the company’s visibility and access to capital, Freni added, and provide it a broader base of investors, all which will help the company grow.

“We also believe the additional exposure will generate broader media and industry awareness of our products, which have the potential to revolutionize the way people in off-grid regions access power,” Freni said in a release.

Powerstorm will have to meet the exchange’s requirements in six to nine months, the company said, including meeting minimums for shareholder equity, the number of shareholders, market capitalization and share price.

It plans to do that by establishing mandatory corporate governance charters, adding five new members to its board, forming independent board committees and choosing an investment banker.