EnerWorks Invests to Facilitate Solar Thermal Project Financing

Securing sufficient capital to enable projects to move forward quickly is crucial to the rapid adoption of solar thermal technology. To help identify innovative funding mechanisms and link its customers more easily to these sources, EnerWorks has appointed Robert Bender as Executive Vice President.

Securing sufficient capital to enable projects to move forward quickly is crucial to the rapid adoption of solar thermal technology in North America. To help identify innovative funding mechanisms and link its customers more easily to these sources, EnerWorks has appointed Robert Bender as Executive Vice President.



"In today's business climate, getting access to capital can be an impediment for many projects," says Jim Fletcher, Chair of the EnerWorks Board of Directors and Managing Director with Chrysalix Energy Management, a leading cleantech VC. "As our current distribution expands throughout and beyond North America, financing of large-scale installations is becoming an increasingly important consideration, particularly for commercial and industrial clients. Robert's responsibilities as Executive Vice President will include developing methodology to facilitate such financing needs."


Initially an investor in EnerWorks, Bender found the opportunity to increase his involvement so compelling that he offered his services. His wealth of experience includes numerous areas that are key to the company's growth; his career has included founding and developing a number of successful technology companies and holding executive positions in venture capital and corporate finance firms. He has worked with project financing and government agencies in several settings in Canada and the United States.


"To help fuel our continued growth," says Dr. Phil Whiting, EnerWorks President and CEO, "Robert will be working with financial partners at all levels to help secure project funding for our distributors and customers. Everyday, they come to us with outstanding opportunities to benefit from solar thermal technology. Facilitating funding for such projects will help them come to fruition."


About EnerWorks
EnerWorks Inc. is a leading North American solar thermal technology provider. With proven, patented technology and certified systems, EnerWorks offers high quality, reliable and cost effective renewable energy solutions to the North American market.

EnerWorks develops and manufactures proprietary renewable energy appliances for residential, commercial and industrial markets. In the residential market, EnerWorks's solar water heating appliances are fully certified, ENERGY STAR® qualified, and the only system meeting CSA international standards. They complement existing water-heating systems and provide users with clean energy and a real reduction in energy costs. In the commercial and industrial markets, EnerWorks is at the forefront of integrated solar thermal solutions, working with local partners to design, install, commission and maintain solar thermal heating and cooling systems.

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