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Solar Alliance Signs Agreement for Development of Commercial Solar Projects in Southeast US
Jun. 19, 2017 08:27AM PST
Cleantech InvestingSolar Alliance Energy (TSXV:SAN) has announced it has signed a joint development agreement with Thompson Machinery Commerce. As quoted in the press release: Founded in Nashville in 1944, Thompson Machinery is the exclusive Caterpillar dealer for Middle Tennessee, West Tennessee, and North Mississippi. The Thompson family is also a minority owner of the Nashville Predators …
Solar Alliance Energy (TSXV:SAN) has announced it has signed a joint development agreement with Thompson Machinery Commerce.
As quoted in the press release:
Founded in Nashville in 1944, Thompson Machinery is the exclusive Caterpillar dealer for Middle Tennessee, West Tennessee, and North Mississippi. The Thompson family is also a minority owner of the Nashville Predators NHL hockey team. Solar Alliance will work with Thompson Machinery’s Power Division and a Thompson affiliated company, Aries Solar (“Aries”), to provide commercial solar solutions. Thompson Machinery and Aries are uniquely situated to also leverage the existing Caterpillar dealer network throughout the Southeastern U.S. to bring renewable energy solutions to market. In connection with the JDA, Thompson Machinery is also investing US$200,000 in Solar Alliance’s previously announced private placement.
“This joint development agreement provides us with access to a new commercial market in the U.S. Southeast and provides additional geographic diversification,” said Chairman and CEO Jason Bak. “Thompson Machinery has deep roots in the Tennessee and Mississippi business sectors and is committed to seeking solar options for their customers as part of their distributed power division. Thompson Machinery and Aries are committed to expanding the reach of commercial solar across a broad range of industries. We are proud that Thompson Machinery chose to work with Solar Alliance to realize their solar goals and we view this JDA as our gateway into the Southeast.”
“Renewable energy is a long-term strategic focus of Thompson and Aries Solar,” states De Thompson V, President and CEO at Thompson Machinery. “Energy demands and technology are evolving quickly. Our goal is to meet those market demands with affordable, renewable energy options. Investing in solar is one major piece to that puzzle and we are excited to announce the Solar Alliance agreement.”
