Science & Technology
Science and Technology
Science and Technology
Tue, February 10, 2009
Solar Energy Initiatives, Inc. Provides Equipment for Largest Private Solar System in Northeast Florida
PONTE VEDRA BEACH, Fla.--([ BUSINESS WIRE ])--Solar Energy Initiatives, Inc. (OTCBB:SNRY), [ www.solarenergy.com ], announced today that its wholly owned subsidiary, Solar Energy, Inc., supplied K Power, Inc. [ www.kpowersolarthermal.com ], a division of The Dana B. Kenyon Construction Company, with solar photovoltaic (PV) panels, inverters and ancillary equipment for the largest private solar system in Northeast Florida. The 26kW, 130 solar panel array, installed by K Power at its offices, provides approximately 30% of the building's electricity needs.
In addition, Solar Energy, Inc. and K Power, Inc. have entered into a strategic alliance whereby Solar Energy, Inc. will be the "Preferred Supplier" of solar electric and solar thermal equipment to commercial and solar farm projects constructed by K Power. "This alliance is very exciting and important for Solar Energy", said Greg Bakeman, President of Solar Energy Initiatives, Inc. "K Power is part of a world class organization and has taken a leadership role in bringing innovative solar energy solutions to its existing and new commercial customers; we're pleased to be their supply partner. With Gainesville just approving the nation's first feed-in tariff for new solar photovoltaic systems, the opportunity to expand clean solar energy in Florida has never been better."
Solar Energy, Inc. will work with K Power solving the need for commercial alternative energy solutions throughout the U.S.
Based on the strategic alliance with the members of Solar Energy's dealer network the Company has equipment distribution agreements in place with BP Solar and GE Solar. This allows Solar Energy Initiatives to be competitive from a pricing standpoint with larger solar companies. While Solar Energy does not compete directly with industry giants such as First Solar (NASDAQ:FSLR), Kyocera (NYSE:KYO), Sanyo (OTC:SANYY) or Suntech (NYSE:STP), it provides exciting and practical solutions to businesses and individuals worldwide that understand the value of solar power. Solar power requires a capital investment upfront which continues to pay dividends long after that capital cost is recovered.
About Solar Energy Initiatives
Solar Energy Initiatives, Inc. ([ www.SolarEnergy.com ]) is dedicated to reducing the world's dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, while building a profitable company. We are executing on a three pronged approach to achieve our plan. This includes: continuing development of one of the fastest growing dealer networks in the U.S. that sells and installs solar solutions to homeowners and commercial customers; placing solar systems on large commercial buildings and selling the energy output to the owner/occupant(s); and becoming a developer of solar parks bringing together landowners, utilities and our corporate resources to build large photovoltaic installations.
About K Power, Inc.
K Power, Inc. ([ www.kpowersolarthermal.com ]) is your single source for solar solutions. We offer turn key solar thermal and solar electric systems that fit the unique requirements of our clients' energy needs. From design and installation, to service and incentive/rebate procurement, K Power, Inc. helps our customers to realize substantial savings on energy costs, while supplying a clean source of energy straight from the power of the sun. As a division of The [ Dana B. Kenyon Construction Company ], K Power has the ability to apply resources from our established 25-year general contracting company, and will make sure that your solar thermal and/or solar electric system is completed with professional detail, quality, and service.
