April 23, 2017 8:21 PM ET

Electrical Equipment

Company Overview of Standard Solar, Inc.

Company Overview

Standard Solar, Inc. engages in the development, construction, integration, financing, and installation of solar electric systems in the United States. It offers commercial photovoltaic systems for small commercial, commercial, and agricultural sectors; federal, state, and local governments, as well as municipalities and utilities; and educational institutions. The company also provides home energy solutions, including home solar, energy efficiency, and energy management services for residential customers and home owners. Standard Solar, Inc. was founded in 2004 and is based in Rockville, Maryland.

1355 Piccard Drive

Suite 300

Rockville, MD 20850

United States

Founded in 2004

Phone:

301-944-1200

Fax:

301-944-1202

Key Executives for Standard Solar, Inc.

Chief Executive Officer and President
Chief Financial Officer
Executive Vice President and Vice President of Operations
Chief Development Officer
Compensation as of Fiscal Year 2016.

Standard Solar, Inc. Key Developments

UMCES Signs an Agreement with Standard Solar, Inc to Install Solar Field on Approximately 10 Acres of Its Horn Point Laboratory Campus

Solar renewable energy will soon be generated in Cambridge, Maryland on the grounds of the University of Maryland Center for Environmental Science (UMCES). UMCES has signed an agreement with Standard Solar, Inc. to install solar field on approximately 10 acres of its Horn Point Laboratory (HPL) campus. The solar field is expected to generate 2 MW of solar renewable energy. The project is a Power Purchase Agreement (PPA) in which the entity, Standard Solar, installs and operates the solar panels in exchange for the use of land, and UMCES agrees to purchase the equivalent energy being generated over the next 20 years from Standard Solar. It is expected that the solar field will generate approximately 50% of the Horn Point Laboratorys annual energy consumption with anticipated cost savings over the duration of the agreement. Design of the system has already begun on the solar project at the Horn Point Laboratory and construction is expected to begin this summer and be in-service by the spring of 2018.

Standard Solar, Inc. Presents at Solar Power Finance & Investment Summit 2017, Mar-21-2017 10:45 AM

Standard Solar, Inc. Presents at Solar Power Finance & Investment Summit 2017, Mar-21-2017 10:45 AM. Venue: San Diego, California, United States. Speakers: Anthony Clifford, Chief Development Officer.

Standard Solar Completes Installation of 3.4 MW Net-Metered Municipal Solar System for Town of Stafford, Connecticut

Standard Solar, Inc. has completed the installation of a 3.4 megawatt (MW) solar system for the Town of Stafford, Conn. The 11,780 panel virtual net-metered system featuring three arrays: two at Stafford Middle School (1.296 MW each) and an 848 kilowatt (kW) array at the Town’s closed landfill, will offset all of the school’s electrical usage and most of the Town’s other municipal buildings. The Town of Stafford used a Tax Exempt Lease Purchase (TELP) which enabled them to purchase and own the system outright. Utilizing this method, a long term ZREC (Zero Emission Energy Credit) contract, and high cost of electricity makes ownership advantageous for the Town. With an expected annual output of more than 4.6 million kilowatt hours per year, the system is projected to save the Town $4,316,126 over 15 years and $12,270,830 over 25 years. Through the solar array combined with a high efficiency geothermal heat pump system, the Town is expected to save more than $24 million over 25 years as it completes the execution of its energy plan.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 7, 2017
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