JESSUP, Md., April 23, 2015 /PRNewswire/ -- In a move that
could prove transformative for the fast-growing solar energy sector
in the United States, Kingspan
Group plc of Ireland today
announced the U.S. launch of its globally-recognized solar energy
solutions provider, Kingspan Energy®. The company offers
end-to-end solar photovoltaic (PV) installations to the commercial
and public sectors, including feasibility, design, installation,
and financing.
"We see great long-term potential in the American solar energy
market," says Ralph Mannion,
president of Kingspan Energy. "For us, bringing Kingspan
Energy to the U.S. is a natural next step. There is tremendous
opportunity here for us to not only grow as a company, but to bring
solar energy to previously overlooked customers in the United States."
Primarily focused on the 150kW to 5MW market, Mannion says
Kingspan's key strategy will be to remove what it sees as the
primary obstacle faced by many potential customers in the
marketplace: credit. Kingspan Energy will focus on those who have
been unable to access solar energy due to the restrictive nature of
the financing options currently available on the market.
"Our goal is to make solar available to a wider range of
organizations, many of whom may have been unable to install
financed rooftop solar in the past," says Mannion. "Our global
experience, and access to our own financing, allows us to look at
more types of buildings, businesses, and credit profiles than
traditional solar developers. We feel this is a critical component
in unlocking the broader U.S. commercial rooftop PV market, which
has trailed the residential and utility scale markets in recent
years. When you add in our 50 years of delivering high performance
building envelope solutions to projects across the globe, we feel
we have a unique and compelling proposition for the US commercial
and industrial marketplace."
Kingspan Energy is the latest investment in the United States by Kingspan Group, a
$2.5 billion dollar publicly traded
company with almost 7000 employees worldwide. Known as a global
leader in high performance building materials and solar integrated
building envelopes, the company has over 2000 employees and 10
manufacturing facilities across the
United States.
Kingspan Energy began marketing its unique services in the U.S.
in late 2014 and has rapidly developed a customer portfolio that
includes projects in a variety of sectors, including mid and
large-sized commercial, non-profit and faith-based organizations,
as well as public sector buildings and multi-family housing.
About Kingspan Energy, Inc.
Kingspan Energy, Inc. is an American company using a customized,
turnkey approach to make the benefits of solar a reality to
commercial and industrial customers. By reinventing how businesses
get solar, Kingspan Energy is making it easy for companies to
monetize their roofs with solar energy systems that provide
electricity cost savings, business continuity and increased energy
independence. Kingspan Energy is headquartered in Jessup, Maryland and managed by a team that is
focused on excellent customer service and delivering great
projects. More information is available at
www.kingspanenergy.us.
About Kingspan Group
Kingspan Group plc (LSE: KGP) is an international building
materials business focused on establishing market leading positions
by providing advanced building insulation techniques and energy
efficient construction systems with a global reach. A publicly
traded company based in Ireland,
Kingspan is a global leader in high performance and solar
integrated building envelopes. Kingspan has manufacturing and
distribution operations throughout the world and is recognized for
its commitment to innovation, design, quality and technical
expertise. Learn more at www.kingspan.com.
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SOURCE Kingspan Energy, Inc.
