meeco AG Hires Stuart Moss to Head its USA Operations

meeco AG, headquartered in Zug, Switzerland, announces the appointment of Stuart Moss as General Manager of its U.S. Operations.

meeco AG provides renewable energy services and solutions, and is a leader in solar energy. It offers a number of photovoltaic (PV)-based solutions—grid-connected and off-grid "Island" solutions for utility-scale, industrial, and community needs, as well as mobile solutions for industrial applications. In addition, meeco offers professional services to assist clients in strategy development, site development, technology acquisition, and structured finance.

Over the last few years, meeco AG has deployed and obtained financing for over 60 Megawatts of solar energy in countries such as Spain, Italy, and Greece, making an important contribution to the local energy supply, the environment, and regional development.

Mr. Moss will direct all aspects of the U.S. operation, which is based in Irvine, California.

"A large increase in the demand for renewable energy can only be reached by applying a variety of technologies including (PV)", explains Dieter Trutschler, Sales Director of meeco AG. "meeco was operating in the USA even before last year's Presidential elections, adapting its business model to the specific situations in North and South America. Now we are starting to take advantage of the favorable market environment there."

"Stuart Moss brings a particularly strong combination of strategic, business development, operational, and leadership skills—all necessary in the evaluation, positioning, and execution of meeco's business model for North and South America. Based on his success at both multinational and entrepreneurial companies focused on technical solutions, we are very excited to have Stuart leading our efforts in these evolving markets."

"Both North and South America provide significant opportunities to expand meeco's renewable energy footprint," said Mr. Moss. "The Obama administration has made renewable energy a top priority, and several States such as California have already adopted aggressive renewable energy targets. Combined with the financial assistance provided in the 2009 American Recovery and Reinvestment Act, the outlook for solar energy is bright.

At the same time, countries and industries in Central and South America realize more clearly that access to energy, on and off the electricity grid, is critical to their economic growth and the living standards of their citizens.

I look forward to determining where meeco can make the biggest impact and providing services and solutions to address customers' needs in those areas."

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