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 Solar Energy Initiatives, Inc. (SNRY.OB) Appoints Mr. Thomas Polich as Chief Operating Officer
Solar Energy Initiatives, Inc., a company focused on executing its corporate mission to Renew The Nation, creating economic development through the sale and installation of Solar Thermal, Photovoltaic (PV) and other Solar technologies, this morning announced Mr. Thomas A. Polich, Esq. has joined the senior management team as Chief Operating Officer.
As COO, Mr. Polich will be responsible for managing the strategic development of distribution and sales networks and solar power projects. He will also lead the streamlining of all operational procedures for near and mid-term markets, commercial, private vendors and suppliers, and enhance the company’s ability to monetize new business in a more efficient manner.
With more than 14 years of working experience in the photovoltaic (PV) industry, covering all aspects of solar cell devices and PV systems, Mr. Polich’s solar experience includes research and development, technology development, manufacturing, legal, finance, training and consulting, domestic and international project development system management, system design and integration, market development and sales management. Most recently he served as VP North American Development of Clairvoyant Energy, Inc. Prior to Clairvoyant, he served as Chief Administrative Officer of Skypoint Solar, Inc., and has also served as Chief Legal Officer of DayStar Technologies, Inc. (NASDAQ/DSTI) and Corporate Counsel for Evergreen Resources, Inc. (NYSE:EVG). Mr. Polich earned a J.D. from the University of Denver, College of Law.
Mr. David Fann, Chief Executive Officer of Solar Energy Initiatives, stated, “Mr. Polich’s extensive background in the photovoltaic (PV) market makes him an excellent asset to our experienced senior management team. SNRY will leverage Mr. Polich’s strong knowledge and existing industry relationships to facilitate growth as an emerging solar company. His streaming of our operations and expertise in the industry will help SNRY in achieving greater market share, increasing earnings and becoming a dominant company within the solar energy market.”
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Solar Energy Initiatives, Inc. (SNRY.OB) Announces Signing of Financing Agreement
Solar Energy Initiatives, Inc. this morning announced that it has signed a Financing and Joint Marketing Agreement with a Municipal financial services company located in the Western U.S. This agreement mandates that the financial services institution exclusively market Solar Energy Initiatives solar solutions to over 100,000 municipalities.
According to the terms of the agreement, the financial institution will also have the ability to provide project based financing for any contract that it brings to Solar Energy Initiatives. Solar Energy Initiatives receives revenues from the sale of the solar equipment as well as the sale of the generated energy sold to the municipality, recognizing energy sales over a 20–25 year contract period.
“Solar Energy Initiatives is very pleased to have secured a prominent partner in our efforts to RENEW THE NATION and provide solar energy to municipalities throughout the United States,” stated David Fann, Chief Executive Officer of Solar Energy Initiatives. “Being granted exclusive access to a vast amount of potential new projects represents a significant opportunity to our already strong project pipeline. Management is confident that our low cost, high return solar energy solutions coupled with the potential 100,000 additional projects will result in a significant increase of new contract awards in 2010.”
Greg Bakeman, President and Chief Financial Officer, commented, “The potential to secure such a vast amount of new and profitable municipal contracts is a momentous opportunity for the company. SNRY believes that its proven ability to secure similar contracts in the past will allow us to capitalize on this potentially paradigm shifting venture. The Company looks forward to showcasing the benefits of its energy solutions and believes this agreement is a significant step towards increased revenue, expanded market presence and increased shareholder value in the near future.”
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SNRY
Had this reveiwed last night in the chat room, positive review from Technical advisor.
Last edited by 420investor; 11-20-2009 at 07:40 PM.
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Solar Energy Initiatives, Inc. (SNRY.OB) Announces Upcoming Presentation
Solar Energy Initiatives, Inc. announced this morning that David Fann, Chief Executive Officer, will be a participant at the LD MICRO 2nd Annual Investment Conference to be held at the Luxe Hotel in Los Angeles, CA on Wednesday, December 3rd, 2009.
Date: Wednesday, December 3rd, 2009
Time: 11:30 am (PST)
Location: Los Angeles, CA
In order for a company to present, they must be invited by LD Micro management. At the conference, in addition to presenting, Solar Energy will also hold one-on-one meetings with investors to discuss the company’s second quarter 2009 financial results and business strategy.
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Solar Energy Initiatives, Inc. (SNRY.OB): Grass Roots Solar
These days, solar is one of the most popular words in the green lexicon. You hear it everywhere, with most of the talk focusing on the increasingly large solar power plants that are now being built. New designs have dropped the price of large scale solar electricity generation by over 80% in the last 25 years to a level that is now closing in on standard grid prices. Factoring in government subsidies puts solar over the top and has motivated the current boom in planning and construction. For the first time, solar energy is being taken seriously as a potentially major power source.
But there is another side of solar energy that continues to capture the public’s imagination in ways that large industrial size power plants simply can’t. It’s the grass-roots development of business and home size power generation systems that seem to tap into the average American’s desire for personal energy independence, a freedom from big power and the grid’s tentacle-like hold on the individual. This usually takes the form of two fundamental solar technologies: solar thermal panels used for heating water or air, and solar photovoltaic panels used for the direct on-site generation of electricity.
Solar thermal systems are one of the simplest uses of solar energy, and have been around for a long time. They usually consist of little more than a solar heat collector, consisting of a black colored material designed to heat up by absorbing the suns rays, and a way of transmitting that heat to circulated water or air. Heated water can be used to augment a hot water supply, and heated air can be used to heat a home or building. Hot water systems are most common, and, depending upon where you live, such systems can reduce hot water costs by 50% to 80%, recovering the initial investment within a few years. The use of solar thermal collectors is greatest in Asia, in places like China and India, with Europe a distant second. The U.S. is far down the line, with less than 5% of the collector space of Europe.
Photovoltaics, the conversion of sunlight directly into electrical energy through the use of special materials, is technologically more complex than solar thermal systems, but is currently the world’s fastest growing energy technology, with production doubling every 2 years. The cost of photovoltaic systems has dramatically decreased over the years, and it is now considered likely that the energy costs of photovoltaic systems could roughly match the energy costs of fossil fuel systems within 10 years (and that’s without subsidies.) The leading countries in photovoltaic systems are Germany, Japan, and the U.S.
Below are a few publicly traded stocks directly involved with solar power production, both thermal and photovoltaic.
• Akeena Solar, Inc. (NASDAQ CM: AKNS)
• Ascent Solar (NASDAQ: ASTI)
• DayStar Technologies, Inc. (NASDAQ CM: DSTI)
• Energy Conversion Devices, Inc. (NASDAQ: ENER)
• Evergreen Solar, Inc. (NASDAQ GM: ESLR)
• First Solar, Inc. (NASDAQ GS: FSLR)
• Solar Enertech Corp. (OTCBB: SOEN)
• XSUNX (OTCBB: XSNX)
Solar Energy Initiatives Inc. (OTCBB: SNRY) is one of the best examples of the grass-roots approach to solar, focusing on individual residential and commercial solar projects. SNRY is committed to reducing the world’s dependence on fossil fuels by selling and installing thermal and photovoltaic systems through one of the fastest growing dealer networks in the U.S. Photovoltaic systems can be tied into the overall power grid, allowing surplus electricity to be sold back to the grid, and battery backup can provide power when the system is down. They even offer systems that can be hooked into other energy sources, such as wind or gas-powered generators, providing power at night. Given that the market for such products will only increase as costs continue to decrease, companies like SNRY stand to become big players in what will no doubt be one of the 21st Century’s biggest industries, grass-roots solar power.
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snry
The website has more details than any financials on this stock, check out solarenergy.com. Is there any stock advise on when a company spins off another company such as SNRY has stated in conference calls they are doing with solar parks?
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