Bruce V. Bigelow wrote:
San Diego architect (and Xconomist) Bob Noble says that Envision Solar, the solar development firm that he founded in 2005, will soon begin trading shares over the counter after completing a reverse merger with a dormant public company. He announced the move at a reception held last night for about 75 friends and colleagues, which he characterized as a “celebration for what we’ve done after a tremendous amount of work over many months.”
Noble tells me that Envision Solar needed capital to expand its capabilities in developing solar-integrated infrastructure and building systems. As a public company, he says Envision Solar can get more exposure and benefit from broader investor interest.
“We have created a platform for growth,” Noble tells me. “I’ve identified key opportunities and business in distributed solar power generation worldwide.”
Noble’s vision for what he calls “distributed solar power generation” represents a scenario that many utilities have been unwilling to contemplate, at least until recent years. Utilities have long preferred a centralized power generation scheme that puts an industrial-scale power plant at the hub of electricity distribution. In contrast, distributed generation is more of a “small is beautiful” concept in which electricity is generated on a small scale by power producers scattered throughout a power grid.
As I’ve reported, Envision Solar got …Next Page »
