Orion Energy Systems, Solyndra Form Strategic Alliance
December 14, 2009 (FinancialWire) — After researching photovoltaic systems for two years, Orion Energy Systems Inc. (NASDAQ: OESX) has formed a strategic partnership with Solyndra Inc., the leading manufacturer of commercial grade PV solar technology.
Solyndra’s holistic long-term business philosophy aligns well with Orion’s, including innovative technology and vertically integrated manufacturing that combine to offer a product able to deliver the promise of clean energy to Orion’s customers for the next 25 years.
Orion’s and Solyndra’s technologies complement each other well. Because Solyndra’s cylindrical PV panels lie flat, they don’t block sunlight valuable to Orion’s Apollo(R) solar light pipes, which harvest daylight and direct it to a facility floor using no electricity.
Verfuerth and Solyndra CEO Chris Gronet, Ph.D., met at a White House meeting on March 23, when president Barack Obama applauded Orion and Solyndra in a speech promoting clean energy, the creation of green collar jobs and the importance of energy efficiency and clean technology.
Orion has deployed its energy management systems in 5,082 facilities across North America, including 120 of the Fortune 500 companies. Since 2001, Orion technology has displaced more than 477 megawatts, saving customers more than $710 million and reducing indirect carbon dioxide emissions by 6.1 million tons.
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