I thought I would take the time to explain the solar aspect of CPE...since day one, Parsons goal was to make this company a force in ALL aspects of energy...including, but not limited to, biofuels, wind, solar, etc.
As you can review by the following mission stement for this company....
Clean Energy Pathways
"Many Pathways - One Goal"
Clean Energy Pathways is a company that understands that every business, home, executive, worker and citizen can make a profound difference in our world's energy solutions. More so, every citizen can become more energy self-sufficient, reduce their carbon footprint, save money and become a part of the movement to a cleaner and more economical lifestyle.
We recognize that there is no single solution, but a multitude of simple processes that can make a profound difference in our lives and the environment. Our firm provides solutions to help create the movement that can propel us toward energy stewardship. We offer renewable and alternative solutions and products for business and residential use. We also provide industrial fuels that help reduce a number of green house gasses. Our fuel potentially lowers Particulate Matter, Hydrocarbons, Carbon Monoxide, and Sulfur Dioxide. With the following solutions, we can help to improve our planet's future by all of us doing our part:
Solar Energy
Biomass Fuels
Wind Energy
Sunfield Solar Thermal
Yes, in the very beggining the focus for this company was on renewable biofuels. This because of the tax credits providing revenues for our fuel blends.
Fortunately for the company AND it's shareholders, management squirreled away a good amount of these revenues for such a time when the government tax credits MAY not be available. Was this good management?
Checking the time frame based on PRs, they waited for about three months AFTER expiration of the credits to see if they would in fact be passed by the congress. They were not. My assumption is that they were delivering fuels during this time frame with the hope that the credits would be reinstated and retroactive.
Once it became clear that the credits would be in limbo for some time, management made the decision to move ahead with existing plans to move into the solar field...per their charter. They had money in the bank (didn't have to dilute the shareholder base) to go into this market and felt that this was the time to do so. Another good management decision...or not?
Now they positioned this company with two separate revenue streams, independent of each other. Good management decision...or not?
So...let's recap...the tax credits have been reinstated, the company gets paid for previous fuels delivered, we are now fully vested in the solar industry with the PURCHASE of solar technology, we are back to delivering biofuels complete with substantial revenues, there has been no dilution of shareholders base during this time frame!
In a business climate where over 80% of companies in the biofuels industry have closed their doors, this company is still in business and with a potentially bright future!
Good management decisions...or NOT?