EVSO: Stimulus Dollars Creating Numerous Texas Solar Projects
02 April 2010 - 12:03AM
Business Wire
Evolution Solar Corp. (PinkSheets: EVSO). Numerous solar
projects in Central Texas are getting their share of stimulus
dollars. More than 290 million dollars from the American Recovery
and Reinvestment Act of 2009 is headed for the Texas State Energy
Conservation Office (SECO). Of that, 52 million dollars is slated
for the Distributed Renewable Energy Technology Program. To date, a
little more than half of this has been awarded to 32 local and
state government entities within Texas. The purpose of SECO is to
increase efficiency and reduce energy costs in the state.
So far, six projects in the greater Austin area have been
awarded stimulus funds totaling 4.24 million dollars to install
solar photovoltaic (PV) systems. The largest award of nearly 1.6
million dollars goes to Austin Community College. ACC will install
solar arrays on both its Northridge and Eastview campuses. The
Austin headquarters of the Texas Parks and Wildlife Department will
receive about $820,000. The Adjutant General's Department of Texas
Military Forces at Camp Mabry has been awarded $800,000. About
$618,000 will go to the Hutto ISD, $311,000 to the city of
Horseshoe Bay, and $95,000 to the city of Sunset Valley.
Solar photovoltaic systems convert sunlight to electricity. The
upfront installation costs are very high, prohibitively so for many
would-be customers. This funding will allow these projects to get
off the ground, and the savings in energy costs will be immediate.
Austin Community College alone expects to realize annual savings of
nearly $29,000.
“Evolution Solar is happy to see the stimulus dollars making new
solar projects a reality in Texas,” stated Robert Hines, President
of EVSO. “As a result, we are seeing significantly increased
opportunity for new business.”
Evolution Solar is currently building a solar demonstration site
in partnership with Texas Southern University, to be located at the
University’s Houston Campus. The project should help Evolution
Solar acquire new projects in a sector that is growing to compete
in the energy industry, which contains BP (NYSE: BP), Valero Energy
Corporation (NYSE: VLO), Chevron (NYSE: CVX) and Chesapeake Energy
(NYSE: CHK).
About Evolution Solar Corporation
Evolution Solar Corporation, (EVSO), commercializes leading edge
alternative solar energy technologies and related photovoltaic
technologies, equipment and next generation appliances. Evolution
Solar is an emerging industry leader capitalizing on its
understanding of solar technology and supporting the development of
alternative energy plans for large corporations and government
organizations. Evolution Solar is also an expert consultant agency
to organizations in their strategic and procurement plans for
alternative energy contracts with public utilities.
For more information, visit http://www.evolutionsolar.com.
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