In This Edition:
- Leaders in the News
- Washington Update
- Event Highlights
- Innovator Profile
- Energy Navigator
- Upcoming Events
- Excerpt from Leaders in the News:
Congratulations to Aspen Aerogels, a Massachusetts-based energy efficiency firm that designs and builds highperformance aerogel insulation, for successfully pricing its Initial Public Offering with 7,500,000 shares at $11.00. Aspen utilizes aerogels, complex strands of silica that capture air or molecules, to create an insulation that can be used in a variety of industrial, residential, and commercial applications.
We would like to congratulate our client, Admirals Bank, on partnering with SunPower Corp., the second largest US solar-panel maker, to establish an innovative solar power loan funding program. Together, SunPower and Admirals Bank have launched a $200 million loan program to facilitate residential photovoltaic (PV) installations over the next two years. Under the program, homeowners will be able to apply for loans of up to $60,000 to assist with the installation of SunPower systems in their homes. The program is available in all 50 states and the District of Columbia. This partnership between Admirals Bank and SunPower exemplifies a broader trend of increasing interest in residential solar installations. In the first quarter of 2014, the United States installed 1,330 megawatts of solar PV, up 79% from the first quarter of 2013. For the first time, residential installations are surpassing commercial installations. Growth in the solar sector is projected to further increase in the coming years. For more on the SunPower loan program, please see the press release from Admirals Bank.
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