Akeena Solar Expands to Meet Solar Power Demand.As Energy Costs Rise, Solar Power Continues to Gain Acceptance in Orange County LOS GATOS Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , Calif. -- Akeena Solar, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AKNS), a leading designer and installer of solar power systems, has opened an Orange County regional office to serve the exponentially growing demand for solar energy solar energy, any form of energy radiated by the sun, including light, radio waves, and X rays, although the term usually refers to the visible light of the sun. among residential and commercial customers in the area. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the California Energy Commission The California Energy Commission is California’s primary energy policy and planning agency. Created in 1974 and headquartered in Sacramento, the Commission has responsibility for activities that include forecasting future energy needs, promoting energy efficiency through , the market for photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. systems in Orange County has been experiencing an average 190 percent growth rate since 2003. "Our stated goal has been to grow our revenues by opening up new offices in solar friendly regions. We opened an office last quarter in Fresno, California and this is our first new office in Southern California," said Barry Cinnamon, Chief Executive Officer of Akeena Solar "Over the past twelve months, Southern California Edison Southern California Edison (or SCE Corp), the largest subsidiary of Edison International (NYSE: EIX), is the primary electricity supply company for much of Southern California. It provides 11 million people with electricity. has increased its electricity rates three times, thus further heightening the demand for solar power systems," said Cinnamon. "We believe demand in the Orange County area will continue to grow as energy prices continue to spiral upwards, the state government continues to offer economic incentives to 'go solar,' and the desire for alternative power sources with a low environmental impact continues to balloon." The new Akeena facility is located in Laguna Hills and the company has begun installing solar power systems in residences and small businesses in Orange County and surrounding areas. Information on the payback from solar power installations, including the effect on monthly utility bills and home values, can be found at www.akeena.net/cm/About_Solar_Power/Fast_Paybacks.html. Strong Job Growth Expected in California's Solar Industry From a local economy standpoint, the growth of the solar power industry in California and throughout the country is also generating jobs. "The growth in the Solar Power industry is good for employment, which surged six percent in 2005; a total of 29 companies now provide approximately 3000 jobs in the US," according to a recent Energy Information Administration (EIA (Electronic Industries Alliance, Arlington, VA, www.eia.org) A membership organization founded in 1924 as the Radio Manufacturing Association. It sets standards for consumer products and electronic components. ) report." "We expect that the solar industry will continue to grow rapidly. Based on the research we did in our 2005 White Paper entitled 'The Economics of Solar Energy for California,' we believe the California Solar Initiative The California Solar Initiative program pays incentives to solar photovoltaic (PV) projects in the three California Investor-Owned Utilities service territories. The program was authorized by the California Public Utilities Commission (CPUC) and by the Senate Bill 1 (SB 1): About Akeena Solar, Inc. Founded in 2001, Akeena Solar's (OTC BB: AKNS) philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national integrators of residential and small commercial solar power systems in the United States, serving customers directly in California, New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Connecticut and Pennsylvania. For more information, visit Akeena Solar's website at www.akeena.net. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statements made in this release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements can be identified by the use of words such as "expects," "plans," "will," "may," "anticipates," believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, the effectiveness, profitability, and marketability of such products, the ability to protect proprietary information, the impact of current, pending, or future legislation and regulation on the industry, the impact of competitive products or pricing, technological changes, the effect of general economic and business conditions. All forward-looking statements included in this release are made as of the date of this press release, and Akeena Solar assumes no obligation to update any such forward-looking statements. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion