Thursday, May 30, 2013

Jigar Shah appointed to Empower Energies board of directors

USA:  Empower Energies, a leading Renewable Portfolio Solutions company, announced the appointment of Jigar Shah, founder of SunEdison and the first CEO of the Carbon War Room, to its Board of Directors effective immediately.

"By driving global standardization of the Power Purchase Agreement (PPA) business model, Jigar Shah enabled mainstream capital to flow into the solar industry, and was a key to unlocking proven solar technologies to be deployed worldwide," said David Kay, chairman of the Empower Energies Board of Directors.

"A quintessential entrepreneur, Jigar founded and built SunEdison, which was sold to MEMC in 2009. Since then he has gone on to apply this business model innovation to solar thermal, building efficiency, and other industries, creating significant value for customers and shareholders alike."

"While the industrial sector has utilized internal teams to deploy efficiency and renewable energy, external partners such as Empower Energies play a catalyzing role in introducing new innovations and approaches to optimize, stage, and manage the right strategy to control energy costs and reduce environmental impacts," said Shah.

"This is an area that has been underserved globally, and that makes it a significant opportunity. The Empower Energies team is well suited to deliver the right mix of renewables and energy management for these commercial and industrial companies. For example, Empower Energies is already making a real impact for global companies such as General Motors."

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