GSLO: Industry Leader Calls Solar ‘Fastest Growing Industry in America’
April 05 2011 - 8:49AM
Business Wire
GoSolarUSA (PinkSheets: GSLO) was energized Monday by the
remarks of Solar Energy Industries Association (SEIA) President and
CEO Rhone Resch, who called the solar energy industry the “fastest
growing industry in America.”
Resch's speech at PV America Conference 2011 in Philadelphia
highlighted solar PV's tremendous growth in 2010 and its potential
for 2011. The conference focused solely on the fastest-growing
segment of the solar industry: photovoltaic solar (PV), the
technology that converts sunlight to electricity.
878 total megawatts (MW) of PV capacity were installed in 2010,
more than doubling 2009 installation totals. The solar industry’s
recent expansion has been driven by new federal and state policies,
completion of significant utility-scale projects, expansion of new
markets and declining manufacturing and installation costs, Resch
said.
"Lets be honest, we did not become the fastest growing industry
in the U.S. by accident,” Resch said. "Our markets are catalyzed by
smart, cost-effective policies that have leveraged brilliant
technological innovation and revolutionary business plans by solar
companies. As with every energy technology--coal, nuclear, oil and
gas--policy is critical.
"Don't forget, just five years ago the U.S. PV market was 72
megawatts,” he said. “This year we will install over 2 gigawatts.
We are the fastest growing industry in the U.S., and if we work
together to open up markets and drive down our costs, then we will
remain the fastest growing industry for years to come.”
U.S. solar revenue has grown from $3.7 billion to more than $6
billion a year, Resch said. That’s a growth rate of 67 percent.
“We are growing faster than wind energy, faster than
telecommunications, and, thank goodness, we are even growing faster
than the mortgage foreclosure industry!” he said.
SEIA is the national trade association of the solar energy
industry, working to support federal policy that reduces barriers
and improves market conditions for the U.S. solar energy market.
GoSolarUSA is one of the many solar PV companies nationwide poised
to benefit from SEIA’s efforts. GSLO is bringing new innovations to
the domestic solar energy sector by funding the development of
technologies such as the Volt Solar Charger, a battery pack that
utilizes solar cells to charge wireless devices using renewable
energy sources. It is the only battery pack known to GSLO able to
charge Apple’s iPhone 3, iPhone 3GS and iPhone 4 with the same
accessory. The initial manufacturing run of the Volt Solar Charger
is nearing completion in China.
GoSolarUSA is dedicated to aggressively acquiring, developing
and marketing the most promising and potentially profitable
technology available. Tech innovations such as the Volt Solar
Charger may allow GoSolarUSA to successfully compete in a global
marketplace, which includes ReneSola Ltd. (NYSE: SOL), Trina Solar
Ltd. (NYSE: TSL), Suntech Power Holdings Co. Ltd. (NYSE: STP) and
First Solar Inc. (NASDAQ: FSLR).
About GoSolarUSA, Inc.
GoSolarUSA primarily identifies and develops new solar energy
technologies in the United States. We believe this not only creates
high-quality jobs in America, but it ensures the quality and
availability of our products. GSLO is endeavoring to advance clean
American solar technology to compete in an energy industry that
includes stalwarts such as First Solar. GoSolarUSA is a US
registered and reporting OTCQB market tier company.
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events occurring after the date hereof.
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