Press Release Source: Solar Power, Inc.
Solar Power, Inc. Announces Peaq Solar Shade Structure
Modular Elevated Shade Structure Generates Solar Power, Shades Vehicles in Parking Lots, Costs Same as Rooftop System
* Tuesday January 27, 2009, 6:00 am EST
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* Solar Power, Inc.
ROSEVILLE, Calif.--(BUSINESS WIRE)--Solar Power, Inc. (“SPI”) (OTCBB:SOPW), a vertically integrated designer, manufacturer, and installer of photovoltaic (“PV”) energy systems, today announced the introduction of its latest product, a modular elevated solar shade structure system called Peaq´™. The new product offers a striking design, innovative kit-build installation, and a price tag comparable to rooftop installations. Peaq´ elevated solar array systems provide commercial enterprises with a means to significantly extend the footprint available to them for PV solar arrays in order to meet both financial and energy generation goals.
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Solar Power, Inc.’s Peaq´ has been designed to transform parking lots into appealing areas that not only generate clean solar energy, but also provide a variety of other benefits. Peaq´’s unique design delivers shaded parking for vehicles, increased comfort for visitors, and facilitates infrastructure for electric vehicle charging. The Peaq´ system also includes highly efficient, under-canopy LED lighting. This feature provides exceptional night time security by delivering light at three times the normal parking lot lighting levels without creating “light pollution” in the night sky. By virtue of its shading feature, Peaq´ also helps to reduce the negative heat-islanding effect open areas of asphalt have on the environment. The Peaq´ system is sealed to provide a dry under-canopy area during inclement weather.
The price point for solar carports and shade structures has historically been much higher than that of rooftop systems. Solar Power, Inc.’s Peaq´ system, with its unique design attributes, is available for most applications at a price point approaching that of rooftop systems and at parity with electrical utility costs in many market areas. SPI will manufacture Peaq´ system components and pre-assemble subsystems at its factory in order to achieve the best possible price.
“Product innovation is a central part of our company’s mission,” said Steve Kircher, CEO for Solar Power, Inc. “Peaq´ is not only innovative; it is also an example of how we deliver adaptable products and services that increase global accessibility to clean energy from the sun. The Peaq´ product is consistent with that mission because it creates opportunities for greater use of parking lots to generate clean electricity.”
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