FREMONT, CA--(Marketwire - December 2, 2009) - GreenVolts, a leader in the development and
commercialization of concentrating photovoltaic (CPV) technology, today
announced that Keith Lambert has joined the company as Senior Vice
President of Operations.
Mr. Lambert brings 20 years of general management, operations and
engineering experience in diverse industries including minicomputers,
networking, contract manufacturing, wireless infrastructure, and optical
communications. He has been successful on the global stage, managing
production, logistics and supply chain operations as a Business Unit
General Manager and as an Operations GM.
"We are pleased that Keith has joined the GreenVolts team. His experience
in operations and management will be invaluable as we scale to fulfill on
the potential of both CPV and GreenVolts," said David Gudmundson, President
and CEO of GreenVolts. "His efforts will support our mission of providing
scalable, reliable, high performance solar equipment."
Most recently, he was the SVP of Optical Communications at JDSU Corporation
where he was responsible for defining and implementing the Optical
Communications operating strategy for a $600M business unit with 3,500
staff. His previous work experiences include executive management positions
at RadiSys Corp, MSL (now Celestica) and 3Com Corp.
"I am excited to work with the world class engineering team assembled at
GreenVolts to realize this vast opportunity," said Mr. Lambert.
"Foundational to our cost leadership and reliability strategy will be
developing strategic relationships with Tier 1 global manufacturing
partners, and I look forward to enabling GreenVolts to become the first
solar power company to strategically empower the global supply chain to
truly scale the CPV industry."
GreenVolts' innovative approach to concentrating photovoltaics has led to a
power purchase agreement with Pacific Gas & Electric for a two-megawatt
pilot facility in Northern California. GreenVolts has raised nearly $45
Million in venture capital, including $34 Million as part of a Series B
round late last year. The company's technology and business model recently
earned it a spot on the 2009 Global Cleantech 100 list of the leading
cleantech companies.
About GreenVolts
GreenVolts, headquartered in Fremont, CA, has taken an integrated systems
approach to development of complete Concentrating Photovoltaic (CPV)
solutions that combines:
-- State-of-the-art proprietary highly concentrating optics
-- High precision, low profile, two-axis solar tracking
-- Intelligent power and control systems
-- On-board, real time, high resolution performance monitoring
This unique integrated systems approach will achieve industry leading
energy productivity and low overall Levelized Cost of Energy (LCOE). In
addition, the high energy density of GreenVolts' CPV system enables low
cost power production that can be deployed close to load, further
increasing the real value of the energy generated.
To learn more about the company, please visit
www.greenvolts.com.
Contact Information: Press Contact:
Michael Azzano
Cosmo PR
415.596.1978
