Chicago Sun-Times: This solar-energy startup is following the sun — and the money

Chicago Sun-Times article highlights new Chicago solar company's deal with Virgin Islands.

Veriown's hometown newspaper, the Chicago Sun-Times, weighed this morning on Veriown, the newest player in the emerging distributed solar and distributed energy marketplace.


Full Article at: http://www.chicagogrid.com/reviews/tech/veriown-solar-energy/

Excerpts from the story:

"Much gnashing of teeth accompanies just about any discussion of energy prices in Illinois. But Chicagoans ain't got nothing on residents of the U.S. Virgin Islands. Islanders pay 58 cents per kilowatt hour, roughly four times the average cost of energy in Illinois. And they use a lot more energy, too. According to the Energy Information Administration, the U.S.V.I. consumes five times more energy per capita as the U.S. average."

"Veriown, a Chicago solar-energy startup, aims to offer the University of the Virgin Islands a way out of the Island's crippling energy costs. Last week, the company, a spinoff of solar-farm developer New Generation Power, inked a 20-year agreement with the university to build 10,000 solar panels on two of its campuses."

"The distributed solar system will use 4.2 acres on the St. Thomas campus and 3.9 acres on a campus on St. Croix to produce 4.5 million kilowatt hours each year, enough to power 1,000 homes and 50 percent of the university's power."


"The company relies on a distributed solar energy model, planning to build individual solar microgrids — essentially small generating plants — at universities, hospitals, military bases, and other large complexes. Veriown then locks each institution into a long-term, fixed-rate contract, as with its Virgin Islands' contract, or leases the technology to the firms in exchange for a monthly rate."

"That's one of the reasons Veriown CEO Steve Johanns believes his firm can scale beyond the Virgin Islands.

"Technology has dramatically influenced the size, capability and accessibility of computing and communicating over the last two decades," CEO Steve Johanns says. "The next two decades, it will do the same to change the way we consume energy. We believe a day will come when everyone will harness his or her very own energy."

Featured Product

RBI Solar - Dahlia Has You Covered

RBI Solar - Dahlia Has You Covered

What if you could maximize the Ground Coverage Ratio (GCR) on your next project and not have to worry about the complicated variables that come with a tracker system? With a low tilt and clearance design, Dahlia® has the highest GCR of any fixed-tilt system in the marketplace. The system is available in three tilt options (7.5, 10 and 12.5 degrees) and designed to accommodate any sized PV module. The lightweight system is engineered with fewer components, several of which are shipped to job sites pre-assembled. This design feature reduces freight costs and rapidly trims the amount of on-site installation time required to complete construction. Maximizing PV coverage on a site can lead to an increase of production, which creates greater financial return for project owners. Over 100 MW of Dahlia® projects have been deployed across the United States, in regions of variable snow and wind loads. How much can Dahlia® cover and save you on your next project?