Science & Technology
Science and Technology
Science and Technology
Thu, January 15, 2009 Solar Power, Inc. Turns on STAPLES Center and Nokia Theatre Solar Electric Systems
ROSEVILLE, Calif.--([ BUSINESS WIRE ])--[ Solar Power, Inc. ] ("SPI") [ (OTCBB:SOPW) ] today announced the new photovoltaic (PV) solar electric systems recently installed to provide solar power to STAPLES Center and NOKIA Theatre L.A. LIVE have been commissioned by the Los Angeles Department of Water and Power (LADWP) and are functioning optimally. In October of 2008, California Governor Arnold Schwarzenegger presided over a ceremony held atop STAPLES Center's roof to commemorate the completion of the installation of the rooftop array and locked the final solar panel in place during the event. The ceremony served as an example of the advancing footprint large commercial solar systems are gaining across the nation and helped to elevate awareness for Governor Schwarzenegger's programs promoting the adoption of renewable energy in California.
"We were very happy to have to have been chosen for this project," said Steve Kircher, CEO of Solar Power, Inc. "Now that the systems are live and producing electricity for these two venues our monitoring services will be providing a real-time view of the systems' production. These proprietary systems are truly state-of-the-art featuring our own unique product designs. Our SkyMountTM non-penetrating racking and mounting system made it possible for us to install the rooftop arrays, consisting of more than 2,500 solar modules, in just one week. The systems also incorporate our Solar PowerViewTM monitoring system which will enable real-time tracking of key performance metrics including power production and environmental offsets while ensuring optimal system performance is achieved. We could not be happier with the outcome of these two projects," Mr. Kircher concluded.
In addition to providing electricity for both venues, the systems will provide significant environmental benefits and serve as an extension of AEG's environmental and sustainable energy initiatives. The combined systems total 512 kilowatts DC and will provide cumulative environmental offsets over the next 25 years that are significant. These benefits include the elimination of over 14,600 tons of CO2, more than 412 tons of sulfur dioxide and over 48 tons of nitrous oxide, one of the principal greenhouse gasses. Over the next 25 years the two systems will produce an equivalent positive environmental effect of planting more than 250 acres of trees.
SPI's proprietary Solar PowerView monitoring system will track both systems' production output as well as relevant meteorological data. The system is designed to calculate environmental offsets from this real-time data. "Solar PowerView is unique in that it provides our customers real-time access to key system performance metrics," said Robert Wood, Chief Information Officer for SPI and developer of the Solar PowerView application. "More importantly, our application has been designed to integrate seamlessly with our customers' management information systems, including building management systems used to monitor facility systems performance."
About Solar Power, Inc.:
Founded in 2005, [ Solar Power, Inc. ] is a vertically integrated solar energy solution provider offering the North American residential, commercial and public sector building markets a complete solution through a single brand. Solar Power, Inc. provides turnkey design-build solutions through its Roseville, California headquarters. Yes! Solar, Inc., DBA Yes! Solar Solutions, is a wholly owned subsidiary of Solar Power, Inc. Yes! Solar Solutions offers the U.S. residential and medium to small-sized business market segments turnkey solutions through a single brand. The Yes! Web site can be visited at [ www.yessolarsolutions.com ]
Safe Harbor Statement:
This release contains certain "forward-looking statements" relating to the business of Solar Power, Inc., its subsidiaries and the solar industry, which can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. The forward looking statements contained in this press release include statements regarding the Company's ability to execute its growth plan and meet revenue and sales estimates, enter into formal long-term supply agreements, and market acceptance of products and services. These statements involve known and unknown risks and uncertainties, including, but are not limited to, general business conditions, managing growth, and political and other business risk. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.
