Turner Renewable Energy, LLC Invests in MERIT SI, LLC, a National Sustainable Infrastructure Company
Turner and MERIT SI leadership teams reunite to bring innovative solar,
energy storage and advanced controls solutions to underserved critical
infrastructure markets
MERIT SI, LLC, (“MERIT SI”) announced today that Turner Renewable
Energy, LLC (“TRE”) and related investors have invested in a significant
minority stake in MERIT SI. MERIT SI is a solar power plant development
company delivering customized solutions for industrial operators through
innovative applications of solar and energy storage technology.
Led by energy industry veterans Tom Kuster and Richard Gruber, the MERIT
SI team features expertise in solar photovoltaic power systems, energy
storage and power plant optimization controls to bring the next
generation of distributed generation solutions to leading corporations
and institutions.
Says MERIT SI CEO Kuster, “We greatly value our partnership with the
Turner Renewable Energy leadership team, which in addition to bringing
capital to accelerate growth, adds critical thinking, project finance
expertise, and access to a network of strategic relationships around the
globe.”
TRE made a similar investment in 2007 into DT Solar, where Kuster was
CEO. DT Solar was renamed Turner Renewable Energy and the portfolio of
utility and industrial scale solar power plant projects developed at TRE
were later acquired by leading U.S. solar manufacturer, First Solar.
“We are excited to again be working with Tom and the MERIT SI team.
Their approach of leveraging over a decade of utility-scale renewable
energy experience not only brings direct cost savings to multi-state
industrial clients, but also provides a terrific vehicle to make
meaningful impact in carbon reduction metrics important to many leading
industrial organizations,” stated Ted Turner, TRE principal.
MERIT SI has sales offices in Austin and Houston, Texas, and an
engineering office in Central New Jersey.
About Turner Renewable Energy, LLC
Turner Renewable Energy is wholly owned by Ted Turner. Turner
Enterprises Inc., a private company, manages the business interests,
land holdings and investments of Ted Turner, including the oversight of
2 million acres in 12 states and in Argentina, and more than 51,000
bison.
About MERIT SI, LLC
MERIT SI, LLC develops and manages Solar PV and Energy Storage Programs
for industrial clients, based on standardized solar photovoltaic
solutions, optimized for specific site deployment. It is staffed by a
leading team of application engineers, project managers and commercial
transaction professionals, many whom developed key innovations and U.S.
patents to drive down the cost and increase the performance of solar PV
power systems. Our project development services and proprietary advanced
power plant controls and energy management systems drive ease of
integration and hold project risks to a minimum.
If you would like more information, please contact MERIT SI at
908-224-0210 or email info@meritsi.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180125005179/en/
Copyright Business Wire 2018
Source: Business Wire
(January 25, 2018 - 5:00 AM EST)
News by QuoteMedia
www.quotemedia.com