Business & Real Estate
Published on Wednesday, 14 September 2011 01:00
Written by Los Altos Town Crier
Town Crier Report The Naval Facilities Engineering Command Pacific recently selected Los Altos-based Photon Finance LLC as one of three finalists to develop $500 million in solar-power systems on 11 naval facilities in Hawaii. According to a press release, Photon will compete with Island Pacific Energy LLC and Pacific Energy Solutions LLC for task orders to design, construct, own, operate and maintain solar-power systems on Navy rooftops, parking structures and vacant parcels of land. Projects are scheduled for completion by August 2016, and help the Navy meet its goal of using half its power from alternative energy sources by 2020, a company statement said. “Photon is pleased to have been recognized by the Navy as having the proven expertise to develop third-party financed solar projects,” said Reid Rutherford, chief executive officer for Photon Finance. “Solar is becoming more competitive yearly. Our innovative solar finance structures offer the Navy an excellent way to save money while reducing reliance on international energy sources.” Photon Finance’s recent projects include a 5,000-panel installation for the Diocese of San Jose, an 8,952-panel installation for the Jefferson Union High School District and a 1.16-megawatt installation for Siemens Mobility. For more information, visit www.photonenergyservices.com.