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Energy Recommerce Emerges As Leader In Solar Power Monitoring
San Francisco CA (SPX) Feb 13, 2009 Energy Recommerce has become the solar energy industry's market leader in monitoring and performance management systems, with revenue growth in 2008 exceeding 300%, according to a 2008 year-end report released by Peter Rexelius, president and CEO of ERI. ERI also achieved profitability in the third quarter of 2008, and continues to remain profitable. "2008 was another record year for ERI," stated Rexelius. "Since we founded ERI, we have met or exceeded all of the key benchmarks and performance metrics set by our management and investors." ERI's market share is estimated to be over 35 percent in the state of California and over 25 percent nationwide, with solar monitoring systems in Hawaii, Colorado, Nevada, Arizona, New Jersey and Oregon. "Through our flagship monitoring system, MYPVDATA, we now monitor more than 300 PV systems, encompassing over 80 MW, compared to approximately 100 PV systems and 25 MW in 2007," said Ronnie Pettersson, chief technology officer for ERI. "More than half of the PV systems monitored by ERI are installed on large commercial projects." ERI added Tioga Energy, Borrego Solar, Chevron Energy and Macy's to its already-impressive roster of tier-one clients. Other key ERI customers include MMA Renewable Ventures, Solar Power Partners, Akeena Solar, BP Solar, REC Solar, SunPower and end-users such as Costco, Safeway and Wal-Mart. "Our plans for 2009 are to build off this success, by aggressively driving growth with a focus on commercial and utility-scale projects and expanding our operations to ensure a strong and sustainable future for our company. We have maintained a consistent, strategic direction since our inception in 2004 and our growth strategy remains as relevant today as it was when we began," further commented Rexelius. Share This Article With Planet Earth
Related Links 2008 CEO report All About Solar Energy at SolarDaily.com
SoCal Edison And BrightSource Energy Sign World's Largest Solar Deal Agreement
Rosemead CA (SPX) Feb 13, 2009Southern California Edison (SCE) and BrightSource Energy have reached agreement on a series of contracts for 1,300 megawatts of clean solar thermal power, enough to serve nearly 845,000 homes. |
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