Thursday, May 24, 2012
Kailua, HI – Sunetric, Hawaii’s leading solar design and installation company, is pleased to announce the appointment of Aaron H. Cates as an analyst.
Cates, who recently graduated with a Master of Business Administration degree from the University of Hawai‘i Shidler College of Business, brings years of experience in business analysis and research, including market opportunity analyses, market profiles, and business feasibility studies. He will be responsible for internal financial analysis and the development of programs and tools to assist with the company’s finances and operations. Previously, Cates worked at Oceanit as a product development intern and at Chevron Energy Solutions as a market analyst.
Wednesday, May 23, 2012
Bloomberg is reporting that Saudi Arabia has just announce plans to put $109 billion towards solar power and is seeking investors. The country is seeking to “create a solar industry that generates a third of the nation’s electricity by 2032”, an ambitious and wise plan.
This story is important. It’s worth remembering that Saudi Arabia is the world’s largest exporter of crude oil, and their interest and investment in solar demonstrates that they are thinking seriously about the fact that oil reserves won’t last forever.
“We want to run a sustainable solar energy sector that will become a driver for the domestic energy for years to come.” The comments highlight the scale of Saudi Arabia’s ambitions to boost renewable energy use as a way to pare back on oil consumption used for domestic desalinization and power plants, potentially saving 523,000 barrels of oil equivalent a day over the next 20 years.
The proof is in the profit, which will be “a lot less profitable than existing markets.” It’s a big step for such a large player in the global energy market to make a move that is less profitable in the short term but serves the country’s best interests in the long term.
Seasoned management executive to manage day-to-day operations of Sunetric
Kailua, HI– Sunetric, Hawaii’s leading solar design and installation company, announces the promotion of Aaron Kirk to chief operating officer. Kirk, formerly director of sales, will now over oversee the day-to-day operations of the company which include supporting commercial and residential clients.
“Aaron is the perfect candidate for this position. He has been a vital team member as director of sales and has contributed significantly to Sunetric’s growth in the past year,” said Alex Tiller, CEO of Sunetric. “He is highly regarded by his colleagues and has demonstrated the necessary leadership skills and commitment to company values to be an exceptional chief operating officer.”
Kirk joined Sunetric in July 2011 as director of sales with nearly 20 years of managerial experience, including management of sales and operation divisions of companies as well as the development of long term strategies. Prior to joining Sunetric, Kirk was vice president of sales and operations at Oceanic Values. He was responsible for the management of its domestic and overseas software development teams, the creation of its sales team and overall management of the day-to-day operations of the local web-based marketing and advertising company.
Kirk has also served as vice president of operations at Toreador, LLC and general manager at Professional Image, Inc.
“I’m honored to serve as chief operating officer at a time when Sunetric is positioned to experience continued growth this year,” said Aaron Kirk. “Furthermore, I’m committed to ensuring the success of team members in their respective roles and look forward to contributing to the company’s continued success and growth.”
Kirk holds a bachelor’s degree in business administration from the University of Arizona’s Eller College of Management. He is also certified trainer for ISO 9002 Quality Systems Implementation and a ‘train-the-trainer’ facilitator for Stephen Covey’s ‘Seven Habits of Highly Effective People.’
Thursday, May 17, 2012
Denver, Colorado – May 17, 2012 - Sunetric, Hawaii’s leading solar design and installation company, announces the appointment of Tyler Fauerbach as Managing Director of Project Finance and Strategic Development. Mr. Fauerbach will be responsible for raising debt, tax and cash equity for the company’s residential, commercial and utility-scale solar projects and developing new market opportunities. He will be based in the company’s Denver office.
“Tyler’s vast experience in the financial services and banking industry with a focus on the energy sector will be valuable as Sunetric continues its expansion in the continental United States,” said Alex Tiller, CEO of Sunetric. “Tyler will be developing the companies Renewable Energy Finance business, guiding and shaping the offering as we develop and introduce innovative programs to fund renewable energy systems and projects throughout the country.”
Fauerbach brings 10 years of energy banking to his new role at Sunetric. He served previously as vice president of Power Finance at U.S. Bank, where he developed the bank’s power project finance lending programs and helped facilitate approximately $270 million in wind, solar and gas-fired power generation project financings. The solar project financings in this portfolio included debt transactions for Solar Power Partners, Perpetual Energy Systems and SunEdison. In addition, Fauerbach worked closely with U.S. Bank’s Community Development Corporation on the development of unique debt and tax equity structures. Prior to working for U.S. Bank, he served as a vice president in the Utility Lending Group at CoBank, ACB where he managed a loan portfolio of electric cooperatives in excess of $300 million.
One of Fauerbach’s projects will be the development of a Solar Fund Company that is to be partially owned by Sunetric. He will be responsible for working with Tiller to help raise additional equity for the fund company, meeting with potential fund investors, and hiring and managing the fund company’s employees.
By now you’ve surely heard of the upcoming and rare solar eclipse! This solar eclipse will only be visible to the western United States and east Asia, and is an annular solar eclipse, meaning that the moon will block out the center of the sun, leaving a ring of sunlight around it. A truly phenomenal sight.
At Sunetric, we love the sun—the more the better! Thankfully for us and our PV customers, most solar eclipses only last a few minutes!
A photo from a solar eclipse in 1999 by Luc Viatour in Belgium (source).
As the Star Advertiser reported this week, here in Hawaii we won’t be able to get the full effect of the solar eclipse.
In Hawaii, only about one-tenth of the sun will be blocked by the moon, mainly because the moon’s annular path will be further north, Bishop Museum planetarium official Mike Shanahan said. Shanahan said Hawaii is too far south for the moon to cover most of the sun.
You can visit the Exploratorium website, the Mr. Eclipse website, NASA, or Wikipedia to find out just what solar eclipses are, why they’re so rare, and why only parts of the world see them at a given time. The last time a solar eclipse was visible in the US was 1994, and the next one won’t be visible here until 2023.
And remember: be careful when observing an eclipse!
Tuesday, May 15, 2012
Throughout last year, the first season of a special six-part TV series called Hawaii: The State of Clean Energy aired in Hawaii, focused on educating and involving all of us in the issues, challenges, and advancements in clean energy here on our islands.
The series was produced and broadcast by Hawai‘i News Now and the Hawai‘i Energy Policy Forum, who understand the inefficient and costly nature of our fossil-fuel dependency and want to “educate, excite, and energize viewers to action.”
This year, we’re very happy to see that the series is back for a second season, with four episodes scheduled into early 2013.
The first episode (which is airing repeatedly until July and can also be watched online) is entitled “Pay Now or Pay Later vs. Pay Now and Pay Later”: Perspectives on the Roadmap to Hawaii’s Clean Energy Vision, and explores some important questions about the practicality of clean energy in Hawaii:
- What are the true costs of energy?
- What is the state energy vision?
- Will the short term win over the long term? With what impacts?
- How do we work together for a brighter future for all of us?
Hawaii: The State of Clean Energy — Season 2, Episode 1
“Pay Now or Pay Later vs. Pay Now and Pay Later”: Perspectives on the Roadmap to Hawaii’s Clean Energy Vision
Each episode’s webpage comes complete with a great bibliographical list of links and research to learn more about the things discussed.
And you can still watch all six episodes of the first season and learn more about the series on the Hawaii Energy Policy Forum website. The topics covered in the first season include:
- Hawai’i’s Clean Energy Future
- Clean Jobs
- Clean Transportation
- Energy Efficiency
- Food and Fuel
- Advances in Hawai’i’s Energy Technology
Wednesday, May 2, 2012
We were honored to host Dr. Ajeet Rohatgi, Ph. D., Founder and Chief Technical Officer at Suniva and show him around Hawaii. Dr. Rohatgi visited Honolulu for several days in late April for speaking engagements, meeting with elected and state officials, various solar industry leaders, and students and professors in the Renewable Energy & Island Sustainability Hawaii (REIS) group at the University of Hawaii at Manoa to discuss Suniva’s technological processes, the importance of American-made technology in the PV market, the need for affordable PV options for customers, and the future of renewable energy.
Suniva is an American manufacturer of high-efficiency crystalline silicon photovoltaic (PV) solar cells and high-power solar modules, and Sunetric is proud to have a partnership with them. We are also MASTER Installer Certified with Suniva.
While Dr. Rohatgi was in town, we took him to see a number of our Suniva PV installations. See more photos on Facebook!