FOR IMMEDIATE RELEASE
Susan [at] brightergy [dot] com
LENEXA, Kansas (November 22, 2010)- The Energy Savings Store, the region’s most experienced solar and wind energy design and installation firm, has received a private equity investment from Atlas Properties of Ft. Worth, Texas. Atlas is a nationally recognized real estate investment company and already has a Kansas City presence with a portfolio of four local development projects. The Energy Savings Store company name has been changed to “Brightergy” and will focus on finance, development, and construction of solar systems for commercial and residential clients.
“Investing in the renewable energy industry is a natural extension of our current operations”, says Adam Blake, CEO of Atlas Properties. “Our expertise in project finance will help property owners leverage the new Missouri solar rebates and federal tax incentives. Our solar financing products will allow companies to invest in clean solar energy with a low up-front cost and lower monthly utility bills.” Atlas is relocating Jordon Ringel, VP of Atlas Properties, to Kansas City to manage the investment.
Bob Solger, the new President of Brightergy and founder of The Energy Savings Store, says the declining cost of solar panels and the implementation of solar rebates due to Proposition C in Missouri have made this possible. “Our business has grown rapidly but the high up-front cost of the equipment has been a barrier. Not anymore,” says Solger. “This large private equity injection indicates the huge potential and confidence in the solar energy industry in our region.”
Brightergy will continue operations with current management out of the Lenexa, KS and Webster Groves, MO offices.
About Atlas Properties
Atlas Properties was founded in 2004 and has grown by managing, owning, syndicating, and developing residential, commercial, and mixed-use properties throughout the United States, with Dallas/ Fort Worth being its primary market. Atlas also provides real estate syndication and fund management services. Atlas was recently ranked the 123rd fastest growing private company in the US according to Inc. Magazine.
About The Energy Savings Store
TESS was founded in 2003 by Bob and Nickie Solger and is currently the largest solar power and wind energy firm in the region, with locations in Kansas City and St. Louis. TESS designs, installs, and maintains commercial and residential solar power and wind energy systems. TESS has completed over 170 solar and wind installations across the Midwest. TESS also offers solar and wind consulting services to architects and engineering firms designing projects for their own clients.