Evolution Solar Inks Deal to Engage Energy Diversity Group for Projects
May 18 2010 - 8:04AM
Business Wire
Evolution Solar (PinkSheets: EVSO) announced today that
management has executed a letter of Intent (LOI) with Energy
Diversity Group (EDGe) to act as its energy management consultant
for selected EVSO solar powered projects. EDGe is a full-service
energy management consultancy that concentrates on helping clients
develop and execute cost-effective energy management strategies.
The LOI is the first step in pursuing definitive agreements,
anticipated within 60 days.
Under the terms of the LOI, EDGe has agreed to act as a full
service energy management consultant for agreed upon projects,
including responsibilities for interpreting legislation, Renewable
Energy Certificates and emission allowances & credits. EDGe is
to also facilitate full energy audits for specific EVSO projects.
As part of the deal, EDGe is to utilize EVSO as a consultant and/or
authorized distributor for solar product solutions.
“We are pleased to have an opportunity to engage a leader in the
energy management industry,” said Robert Hines, President of
Evolution Solar. “EDGe’s talent, expertise and experience should
greatly benefit our company’s business model going forward.”
More information about EDGe may be found at
www.energydiversitygroup.com
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 Trina Solar (NYSE: TSL),
Clean Energy Fuels Corp. (NASDAQ: CLNE), SandRidge Energy Inc.
(NYSE: SD) and Valero Energy Corp. (NYSE: VLO).
About Evolution Solar Corporation
Evolution Solar Corporation, (EVSO), commercializes leading
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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information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
"believes," "expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
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or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
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events occurring after the date hereof.
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