Solar Energy Initiatives, Inc. (SNRY.OB)

Posted: Wed Nov 04, 2009 1:30 pm

Solar Energy Initiatives, Inc. was founded to execute a grass roots campaign, “RENEW THE NATION”, to help redeploy a portion of the U.S. work force while reducing the world’s dependence on fossil fuels. The company's business is focused on integrating and selling solar thermal and photovoltaic technologies, while building a profitable company.

Solar Energy Initiatives is committed to a multi-pronged approach to achieve its corporate goals. This approach includes: continuing development of one of the fastest growing dealer networks in the U.S.; solar education and technical training to the private and public sectors, placing solar systems on large commercial buildings and selling the energy output to the owner/occupant(s) through Solar Power Purchase Agreements (PPAs), and becoming a developer of solar parks.

The company has rapidly expanded its dealership network, bringing many newly trained solar contractors to the expanding marketplace. Solar Energy Initiatives’ primary focus is on providing wholesale solar equipment to its network of dealers who perform installations. For do-it-yourselfers and hobbyists, it also offers a wide selection of solar equipment and systems via an online “shopping cart”.

With an extensive background in solar energy, the company’s team and affiliates have the experience necessary to provide technical sizing, support, equipment-matching and sourcing to supply required equipment for nearly any residential or commercial solar project. Management believes the company’s rapid growth will persist throughout the foreseeable future as it continues to expand on an already impressive pipeline.

Posted: Wed Nov 04, 2009 2:55 pm

Sounds like a profitable model. Anybody on board yet as far as dealers?

Joined: 09 Apr 2009 Posts: 1269

good for the environment and profitable, this is a win win situation

Joined: 19 Jan 2009 Posts: 1667 Location: Arizona

I believe they already have a strong and fast growing network of dealers.

Posted: Fri Nov 06, 2009 1:29 pm

Solar Energy Initiatives (SNRY.OB) – Harnessing the Power of the Sun

Solar Energy Initiatives Inc. is dedicated to reducing the world’s dependence on fossil fuels by selling thermal and photovoltaic (PV) technologies while building a profitable company. To this end, they are developing one of the fastest growing dealer networks in the U.S. to sell and install solar solutions to homeowners as well as commercial customers.

The company recognizes that energy from the sun can be used in different ways. Most obvious is the sun’s light, which is used everywhere, via windows, skylights, and solar tubes. But the sun’s thermal energy has been used for a long time for passive solar room heating, hot water and pool heating. And improving technology has now led to an increasing use of the sun’s energy to generate electricity, not only in large solar power plants, but at the individual home and business level.

It’s important to remember that the addition of PV or other solar technologies to a residential or commercial building is greatly enhanced by ensuring that energy efficiencies are already in place. Buildings (homes and businesses) consume two-thirds of all electricity generated in the U.S. Today, structures are being built with an eye on energy efficiency, using more advanced heating and cooling systems and appliances, better insulation, and superior windows and doors. The U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) sets guidelines that many builders are embracing. Any reduction in building energy requirements helps reduce the size (and cost) of solar installations.

Although solar water heating systems have been around for years, photovoltaic (PV) systems are relatively new. PV systems use semiconductors and sunlight to generate electricity directly from the sun. The more solar modules being used, the more electricity will be generated. The direct current (DC) electricity generated by PV systems can be inverted to produce standard AC current for use in homes and businesses. Systems can be tied into the overall power grid, allowing any surplus electricity to be “sold” to the grid, reducing or even eliminating user electricity bills. Battery backup systems are available so that electricity generated when the system is on can be captured for use when the grid goes down.

Posted: Fri Nov 06, 2009 2:24 pm

A three or four sentence mission statement would be nice. Understanding is there but clarity is missing

Joined: 09 Apr 2009 Posts: 1269

amazing the different ways to use the sun's energy it really is limitless.

Posted: Mon Nov 09, 2009 9:42 am

Solar Energy Initiatives, Inc. (SNRY.OB) Secures Land to Build a 100 Megawatt Solar Park

Solar Energy Initiatives, Inc. announced this morning before the opening bell that the company’s wholly owned subsidiary, Solar Park Initiatives, signed a contract to secure land for the design, construction and operation of a solar park in California. Solar Park Initiatives will be responsible for providing engineering, permitting, construction, operations and maintenance as well as obtaining the financing of the solar park, while Solar Energy Initiatives will procure the solar panels and balance of system for the project.

According to the press release, Solar Park Initiatives will begin preliminary work, including zoning, permitting, EPA approvals and other activities, immediately with construction expected to begin late next year. The contract possesses a 25 year life with additional renewal options. The 100 megawatt project will be constructed in various increments over a three year time frame.

“This endeavor represents strong validation that Solar Energy Initiatives and Solar Park Initiatives’ synergistic relationship is extremely capable of securing large scale contracts and expanding market presence,” stated, David Fann, Chief Executive Officer of Solar Energy Initiatives. “We believe that as Solar Energy Initiatives and Solar Park Initiatives continue to grow as market leaders and establish credibility with municipalities and landowners that both companies will secure additional contracts, increase our earnings and achieve our primary goal of improved shareholder value. Combined with our previously announced solar park in Western Texas we now have a combined 400 megawatts worth of projects that will begin in the next eighteen months.”

Mr. Michael Gorton, Chief Executive Officer of Solar Park Initiatives, commented, “We are pleased with the success we are having in gaining traction with the assistance of SNRY management team. Our priority is to review and attain additional solar park projects as we continue to gain traction as a leading developer of large scale solar parks. We look forward to implementing this large revenue contract and have several others we will be announcing in the near future.”

Solar Park Initiatives is a recent spin-off of Solar Energy Initiatives. Investors that hold SNRY shares, as of October 15, 2009, will receive one common share of Solar Park Initiatives, Inc. for every two common shares of SNRY owned. The transaction is cash and tax free for all SNRY shareholders.

Joined: 20 Jan 2009 Posts: 1084

When will we find out where the contruction will take place in Califiornia?

Posted: Mon Nov 09, 2009 2:42 pm

100 MW very nice, wonder what the finance is and return schedule. Government land with a bit of stimulus?

Joined: 19 Jan 2009 Posts: 1667 Location: Arizona

Everything in solar is part commercial and part government these days.

Joined: 09 Apr 2009 Posts: 1269

several big contract in the making, I love the sound of that

Joined: 19 Jan 2009 Posts: 1667 Location: Arizona

Wait for more details.

Posted: Tue Nov 10, 2009 2:45 pm

Wonder about total number of distributors

Joined: 09 Apr 2009 Posts: 1269

yes we should wait for more detail as regards to the contract

Posted: Wed Nov 11, 2009 9:50 am

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.”

Joined: 19 Jan 2009 Posts: 1667 Location: Arizona

Whatever the dealer numbers are currently, it looks like they will soon be changing:

"As COO, Mr. Polich will be responsible for managing the strategic development of distribution and sales networks and solar power projects".

Joined: 20 Jan 2009 Posts: 1084

yes, especially if it has to do with sales.

Posted: Wed Nov 11, 2009 2:34 pm

Go to it "Mr. P" Get some of that government cash if it looks right for expansion

Joined: 09 Apr 2009 Posts: 1269

government cash? is there such a thing?