Category Archives: Solar Energy Initiatives Inc. SNRY

Solar Energy Initiatives, Inc. (SNRY) Changes Business Direction with Acquisition Plan for Internet Digital Marketing Division

June 14, 2012

Solar Energy Initiatives is in the process of changing its business direction from the solar industry to the Internet marketing industry. As part of this transition, the company today announced its plans to integrate its new acquisition, which will offer Internet marketing strategies and solutions to businesses.

The Internet Digital Marketing division is a global media solutions provider focused on connecting its clients to a targeted audience across multiple sales and distribution channels. Once the acquisition is complete, the company will offer digital products and services including mobile and Web-to-mobile content solutions, permission-based e-mail solutions, data enhancement / hygiene, and online lead generation.

The division will market its media solutions products and solutions through telesales, online channel, affiliate network and private label partners, distribution partners, resellers, and direct sales.

Contingent on funding and closing of the acquisition, Solar Energy Initiatives said the projected revenue from this acquisition could reach $8 million over three years. Its goal is to capitalize on eMarketer estimates that digital advertising spending will grow 20 percent this year to reach nearly $40 billion; $52.8 billion by 2014; and $62 billion by 2016.

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Solar Energy Initiatives, Inc. (SNRY.OB) Partners with Alternate Energy Technologies to Distribute Solar Thermal Water Heating Systems

March 4, 2010

Solar Energy Initiatives, Inc. announced a strategic supply agreement today with US-based solar and water heating system manufacturer AET (Alternate Energy Technologies, LLC).

Solar Energy Initiatives is a broad spectrum solar solutions provider with three main operating segments: the Project Services Group (PSG), which develops municipal and commercial scale solar solutions; the SolarEos Group, which educates trade professionals in the solar industry; and the Integrated Supply Group (ISG), which handles wholesale distribution of thermal and photovoltaic (PV) systems in the US and Caribbean.

CEO of SNRY David Fann noted plans to distribute AET’s Eagle Sun™ and Morningstar™ systems via its SNRY Solar operating group, and outlined the complementary nature this relationship with AET had with Solar Energy Initiatives’ PV business model.

Fann went on to praise AET as one of the finest flat plate solar thermal collector manufacturers in the US, citing their tested and proven array of over 30 collectors and 120 systems, and their pioneer status in the rapidly growing solar water heating market, by saying that AET’s “strong reputation and long-standing success manufacturing high quality thermal collectors and water heating systems” was a natural fit for SNRY’s distribution division and network of dealers.

US Department of Energy data indicates that hot water ranks #3 among costs to home owners, a clear indication of the market potential of solar water heating systems – a value expressed quite plainly in moves by many states like Hawaii, Colorado and New York to adopt policies which prompt or even require such systems.

President of AET Billy Byrom welcomed SNRY Solar as a supply chain partner, extolling the “value they bring to solar contractors”, from tech support to training, as well as the strong vision of Solar Energy Initiatives’ management to carve out a slice of the solar water heating pie.

Solar Energy Initiatives is dedicated to restoring economic stability to the economy through its grassroots Renew the Nation campaign, which promotes solar energy and also operates the widely trafficked, an online platform generating both awareness and consumer interest.

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Solar Energy Initiatives, Inc. (SNRY.OB) Announces Opening of Technical Solar School

March 2, 2010

Solar Energy Initiatives Inc. has business lines in solar project development, distribution and workforce training. The company announced today that it has initiated the first class of its solar technical school located in Jacksonville, Florida. The new school is funded by stimulus dollars provided to the company by collaborating public partners.

The specialized vocational courses offered at the school are the core element of the company’s “Renew the Nation” initiative. This is Solar Energy Initiatives’ nationwide effort to restore the US economy through the market adoption of solar power at the state and local level. The classes will target members of the construction industry and related trades affected by the economic downturn in an effort to re-train and re-deploy these people into the solar industry. The eight-week classes will provide attendees with the tools and technical knowledge to become certified solar technicians.

In addition to the new Jacksonville school, Solar Energy Initiatives is currently working with the state of South Carolina and the North Eastern Strategic Alliance (NESA) on a solar academy training center to be located in Williamsburg County, South Carolina. This solar technology campus will assist the company and South Carolina in workforce development, job creation and economic development through the use of solar energy technologies.

Solar Energy Initiatives’ management believes that their experienced employees and teachers combined with the financial backing of both state governments and the Federal government provide students with the best vocational solar education on the market. The company believes that the rapidly increasing demand for alternate energy solutions, like solar, present a significant vocational learning opportunity for people looking to change careers.

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Solar Energy Initiatives, Inc. (SNRY.OB) to Launch New National Marketing Plan at Upcoming Expo

February 18, 2010

Solar Energy Initiatives, Inc., a diversified provider of solar solutions with operating divisions in solar project development, solar education, and distribution, announced yesterday that it would be kicking off a new national sales campaign with a focus on commercial rooftop solar opportunities.

SNRY Solar, Solar Energy Initiatives’ operating group, will be presenting at the International Roofing Expo (IRE) being held on February 22-24, 2010 in New Orleans, Louisiana. This is the largest trade show for the roofing industry bringing in 7,472 roofers and industry professionals last year. The National Roofing Contractors Association (NRCA) sponsors the IRE.

In describing the possibilities, Chris Wirth, Chief Marketing Officer of Solar Energy Initiatives stated, “Rooftop solar is a key revenue stream for our business model. Our market intelligence has identified 8.5 billion square feet of large commercial rooftops nationally.” Roughly 2 million square feet of those rooftops are found in states that offer incentives for those who choose to install solar energy. This offers a potential market of 15,000 megawatts (MW). By engaging with NRCA members who represent more than 4,000 of the best roofing contractors across the country, Solar Energy Initiatives can look to build profitable partnerships with some of the best in the roofing industry.

Building partnerships with trade associations is a key component of the 2010 SNRY Solar sales and marketing plan. Next week SNRY Solar will be launching its marketing campaign that focuses on connecting with building professionals and specialty contractors who have an interest in solar energy.

There is a lot to come from SNRY Solar in the weeks ahead. The company plans to reveal their new brand identity, introduce a new program for dealers, launch the new beta site and expand its distribution of photovoltaic (PV) and solar water heating (Thermal) products.

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Solar Energy Initiatives Inc. (SNRY.OB) Posts Q1 2010 Results, Reporting 321% YoY Revenue Increase

December 16, 2009

Solar Energy Initiatives Inc. today announced a triple-digit increase in year-over-year revenue, reinforcing the importance of its mission of reducing the world’s dependence on fossil fuels through the sale of solar thermal and photovoltaic (PV) technologies.

Solar Energy reported $1.0 million in revenue for the first fiscal quarter of 2010 (ended October 31, 2009), a 321 percent increase in year-over-year revenue. The company said project expansion and strategic agreements with several entities got the company on track to achieve its goals and provide optimism for the upcoming year.

“Solar Energy Initiatives believes that the Company has established a strong foundation for significant near-term growth,” David Fann, CEO of Solar Energy stated in the press release. “During the quarter we achieved several milestones including; expanded our project pipeline to over $100 million in total value – announced several near term solar installations – signed a significant financing and joint marketing agreement with a municipal financial services company that guarantees our solar solutions will be marketed exclusively to over 100,000 municipalities – and completed improvements to the solar academy division, which we are confident will stimulate further growth in our dealer network. Based on our growth opportunities for 2010 we added several key employees that have already contributed to SNRY’s progress.”

For the first quarter of 2010, Solar Energy posted $1,011,950 in revenues, compared to $240,115 posted for the same quarter of 2008, reflecting dealer training, a municipality project and sales of solar systems and equipment.

The company reported a net loss of $993,296 for the quarter compared to $868,984 for the same period of 2008. The company attributes the net loss to business activities expenses as part of its business plan.

“Management intends to leverage its relationships that provide commercial contracts and project financings, while at the same time continuing to drive traffic to our leading website to increase dealers,” Fann stated. “As we move forward we will continue to execute on our established business model in order to increase earnings, expand our geographic footprint and achieve our overall goal of improved shareholder value. As we work to convert several of the projects in our pipeline we expect to have a significantly stronger second quarter.”

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Solar Energy Initiatives, Inc. (SNRY.OB) Announces $1.7 Million Solar Project

December 1, 2009

Solar Energy Initiatives, Inc. announced earlier today that it has signed a Letter of Intent to assume a $1.7 million turn-key solar project and contract to supply the Gainesville Regional Utilities with solar electricity. With installation of this project expected to begin immediately, the company anticipates completing the project by the end of next month.

As the project developer for the solar project, Solar Energy Initiatives will supply the solar equipment and balance of system. In addition to the sale of solar equipment and balance of supplies, the company will also generate revenue via the sale of the newly generated solar energy to the municipality under its Feed-In-Tariff program, over a 20-year contract period. According to the press release, Solar Energy Initiatives will partner with a major funding source and a solar installation company to install the solar system at no “out of pocket” expense to the municipality.

“This most recent contract award is proof that our model, of providing cost effective energy solutions that allow for long term savings, is a highly desired service offering to the municipal market,” commented Mr. David Fann, Chief Executive Officer of Solar Energy Initiatives. “Our ability to provide a complete solution including financing gives us the competitive edge needed to complete these projects. Our entire management team is focused on converting additional projects from our $100 million pipeline to maximize both revenue and bottom-line earnings. Management is focused on leveraging our finished projects to increase awareness for municipal energy projects located around North America.”

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Solar Energy Initiatives, Inc. (SNRY.OB): Grass Roots Solar

November 23, 2009

These days, solar is one of the most popular words in the green lexicon. You hear it everywhere, with most of the talk focusing on the increasingly large solar power plants that are now being built. New designs have dropped the price of large scale solar electricity generation by over 80% in the last 25 years to a level that is now closing in on standard grid prices. Factoring in government subsidies puts solar over the top and has motivated the current boom in planning and construction. For the first time, solar energy is being taken seriously as a potentially major power source.

But there is another side of solar energy that continues to capture the public’s imagination in ways that large industrial size power plants simply can’t. It’s the grass-roots development of business and home size power generation systems that seem to tap into the average American’s desire for personal energy independence, a freedom from big power and the grid’s tentacle-like hold on the individual. This usually takes the form of two fundamental solar technologies: solar thermal panels used for heating water or air, and solar photovoltaic panels used for the direct on-site generation of electricity.

Solar thermal systems are one of the simplest uses of solar energy, and have been around for a long time. They usually consist of little more than a solar heat collector, consisting of a black colored material designed to heat up by absorbing the suns rays, and a way of transmitting that heat to circulated water or air. Heated water can be used to augment a hot water supply, and heated air can be used to heat a home or building. Hot water systems are most common, and, depending upon where you live, such systems can reduce hot water costs by 50% to 80%, recovering the initial investment within a few years. The use of solar thermal collectors is greatest in Asia, in places like China and India, with Europe a distant second. The U.S. is far down the line, with less than 5% of the collector space of Europe.

Photovoltaics, the conversion of sunlight directly into electrical energy through the use of special materials, is technologically more complex than solar thermal systems, but is currently the world’s fastest growing energy technology, with production doubling every 2 years. The cost of photovoltaic systems has dramatically decreased over the years, and it is now considered likely that the energy costs of photovoltaic systems could roughly match the energy costs of fossil fuel systems within 10 years (and that’s without subsidies.) The leading countries in photovoltaic systems are Germany, Japan, and the U.S.

Below are a few publicly traded stocks directly involved with solar power production, both thermal and photovoltaic.

• Akeena Solar, Inc. (NASDAQ CM: AKNS)
• Ascent Solar (NASDAQ: ASTI)
• DayStar Technologies, Inc. (NASDAQ CM: DSTI)
• Energy Conversion Devices, Inc. (NASDAQ: ENER)
• Evergreen Solar, Inc. (NASDAQ GM: ESLR)
• First Solar, Inc. (NASDAQ GS: FSLR)
• Solar Enertech Corp. (OTCBB: SOEN)

Solar Energy Initiatives Inc. (OTCBB: SNRY) is one of the best examples of the grass-roots approach to solar, focusing on individual residential and commercial solar projects. SNRY is committed to reducing the world’s dependence on fossil fuels by selling and installing thermal and photovoltaic systems through one of the fastest growing dealer networks in the U.S. Photovoltaic systems can be tied into the overall power grid, allowing surplus electricity to be sold back to the grid, and battery backup can provide power when the system is down. They even offer systems that can be hooked into other energy sources, such as wind or gas-powered generators, providing power at night. Given that the market for such products will only increase as costs continue to decrease, companies like SNRY stand to become big players in what will no doubt be one of the 21st Century’s biggest industries, grass-roots solar power.

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Solar Energy Initiatives, Inc. (SNRY.OB) Announces Upcoming Presentation at LD MICRO 2nd Annual Investment Conference

November 19, 2009

Solar Energy Initiatives, Inc. announced this morning that David Fann, Chief Executive Officer, will be a participant at the LD MICRO 2nd Annual Investment Conference to be held at the Luxe Hotel in Los Angeles, CA on Wednesday, December 3rd, 2009.

Date: Wednesday, December 3rd, 2009
Time: 11:30 am (PST)
Location: Los Angeles, CA

In order for a company to present, they must be invited by LD Micro management. At the conference, in addition to presenting, Solar Energy will also hold one-on-one meetings with investors to discuss the company’s second quarter 2009 financial results and business strategy.

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Solar Energy Initiatives, Inc. (SNRY.OB) Announces Signing of Financing Agreement for Municipal Solar Projects

November 18, 2009

Solar Energy Initiatives, Inc. this morning announced that it has signed a Financing and Joint Marketing Agreement with a Municipal financial services company located in the Western U.S. This agreement mandates that the financial services institution exclusively market Solar Energy Initiatives solar solutions to over 100,000 municipalities.

According to the terms of the agreement, the financial institution will also have the ability to provide project based financing for any contract that it brings to Solar Energy Initiatives. Solar Energy Initiatives receives revenues from the sale of the solar equipment as well as the sale of the generated energy sold to the municipality, recognizing energy sales over a 20–25 year contract period.

“Solar Energy Initiatives is very pleased to have secured a prominent partner in our efforts to RENEW THE NATION and provide solar energy to municipalities throughout the United States,” stated David Fann, Chief Executive Officer of Solar Energy Initiatives. “Being granted exclusive access to a vast amount of potential new projects represents a significant opportunity to our already strong project pipeline. Management is confident that our low cost, high return solar energy solutions coupled with the potential 100,000 additional projects will result in a significant increase of new contract awards in 2010.”

Greg Bakeman, President and Chief Financial Officer, commented, “The potential to secure such a vast amount of new and profitable municipal contracts is a momentous opportunity for the company. SNRY believes that its proven ability to secure similar contracts in the past will allow us to capitalize on this potentially paradigm shifting venture. The Company looks forward to showcasing the benefits of its energy solutions and believes this agreement is a significant step towards increased revenue, expanded market presence and increased shareholder value in the near future.”

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Solar Energy Initiatives, Inc. (SNRY.OB) Appoints Mr. Thomas Polich as Chief Operating Officer

November 11, 2009

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.”

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

November 9, 2009

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.

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Solar Energy Initiatives, Inc. (SNRY.OB) Announces QualityStocks Coverage

Solar Energy Initiatives, Inc. announced they will be featured in upcoming Daily Newsletters, Daily Blogs, and Message Boards. QualityStocks has over 750,000 subscribers to The Daily Stock Newsletter, which is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one Free Daily Newsletter Report.

Solar Energy Initiatives, Inc. is focused on executing 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. 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.

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.

David Fann, CEO of Solar Energy Initiatives, stated, “Solar Energy Initiatives has a unique and solid business foundation, and appreciates the opportunity to sponsor the Quality Stocks Newsletter, Video and Blogs. QualityStocks is providing a much needed service in the micro-cap and small-cap markets.”

Michael McCarthy, Managing Director for QualityStocks, commented, “We are very pleased to have Solar Energy Initiatives as a featured company. The Company is methodically establishing itself as a category leader.”

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

November 6, 2009

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.

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Solar Energy Initiatives, Inc. (SNRY.OB) is “One to Watch”

November 4, 2009

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.

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