FOR IMMEDIATE RELEASE
Contact: Iris Chan
Marketing Coordinator
SPG Solar, Inc.
415-459-4201
iris.chan@spgsolar.com |
Contact: Dan Thompson
President & CEO
SPG Solar, Inc.
415-459-4201
dan.thompson@spgsolar.com |
SUN POWER & GEOTHERMAL ENERGY CO. CHANGES NAME TO SPG SOLAR, INC.
SOLAR INDUSTRY LEADER EXPANDS NATIONALLY AND GLOBALLY
San Rafael, CA … March 6, 2006. Sun Power & Geothermal Energy Co., Inc., one of the nation’s leaders in the integrated development, design and construction of solar photovoltaic (PV) systems, has changed its name to SPG Solar, Inc. (SPG). The name change is being done in conjunction with major expansion of the company.
“This name change focuses our business,” said Dan Thompson, SPG’s President & CEO. “As SPG moves into its next stage of growth, acquiring and developing major energy projects not just throughout California, but well beyond California and U.S. borders, our exclusive focus on solar energy will be invaluable in building our brand. The new name illustrates our company’s future while respecting its past.”
SPG is well-known in the solar industry for its high-performance solar PV systems, which provide customers with the best return on investment (ROI) in the industry, as well as for its state-of-the-art modeling and monitoring systems. SPG is unique in having two ancillary companies: SPG Solar International, Inc. to build projects for customers overseas; and Thompson Technology Industries, Inc., a proprietary solar products company that manufactures and sells specialty solar goods to professional installers.
“We don’t want any confusion in the marketplace about who we are and what we do,” continued Thompson. “Sun Power & Geothermal Energy has been known in the industry for a long time as 'SPG', so we decided to make it official, as part of rethinking our strategy and sharpening our focus and brand as we expand. There is no change of ownership or management. We have the same great team and will continue to build great solar PV projects. We intend to keep a sharp focus in Northern California, as we establish a strong southern California presence with key solar projects in the San Diego area. We also are in contract for a multi-megawatt project in Asia, proving again that solar is a global alternative energy solution.”
About SPG Solar, Inc.
SPG is the industry's most experienced developer, designer, and installer of solar photovoltaic (PV) systems for homes, businesses, and large-scale commercial and government facilities. SPG's commitment is to build the highest-performing solar PV systems with the highest return on investment. The result is clean, reliable electricity that reduces or eliminates customers' electric utility costs.SPG was founded in 2001 in response to California’s rolling blackouts and skyrocketing energy prices. It designs and constructs the most powerful large-area on-site solar energy systems in the nation. Recent projects include the 1.18 megawatt (DC) Butte County Solar Center, which received a $4.2 million renewable energy rebate in 2004, the largest in California history at that time; and the 1.06 megawatt (DC) Butte College system, one of the largest community college solar installations in the country. SPG has just completed a solar PV system for the Kentfield School District in Marin County, which makes it the first and only school district in California that is 100% solar. www.spgsolar.com
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