Tag Archives: Lyndon Rive

SolarCity to Expand to Nevada

By Business Wirevia The Motley Fool

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SolarCity to Expand to Nevada

Leading Distributed Energy Provider Expects to Create Hundreds of Jobs in Las Vegas area

LAS VEGAS–(BUSINESS WIRE)– SolarCity® (NAS: SCTY) , a leading provider of clean energy, announced that it plans to open a new location in Nevada, and expects to create hundreds of jobs in the state in the next several years. SolarCity’s expansion is due in large part to the efforts of Governor Brian Sandoval and the Nevada Office of Economic Development.

“The approval today of SolarCity’s Catalyst Fund application, represents the successful collaborative effort that took place between local, regional and state economic development agencies,” Governor Brian Sandoval said. “I am excited to welcome SolarCity to the Nevada family.”

The new location will initially house new expansions of key administrative divisions, including portions of the company’s sales, asset management and customer care groups. SolarCity’s first solar projects in the state are also underway—the company is building more than 100 solar projects in Nevada housing communities in partnership with Shea Homes.

“SolarCity is changing the way families and businesses across the country can benefit from clean energy and I am pleased that such an innovative company is coming to Nevada,” said Nevada Senator Harry Reid. “I was able to help pass an eight-year extension of the federal tax credits for residential and commercial solar installations in 2008 which has been instrumental in creating jobs across Nevada and the nation. I hope that SolarCity’s expansion will help Nevada create the regulatory and business certainty needed to continue to take advantage of Nevada’s abundant solar energy resources.”

Nevada receives among the greatest amount of direct sunlight of any state in the U.S. Though Nevada hosts a handful of large solar power plants, the state’s potential for distributed residential and commercial solar power generation is largely untapped and has tremendous room for growth.

“With its solar resource, Nevada has an opportunity to be a national leader in distributed renewable power generation,” said Lyndon Rive, CEO of SolarCity. “We expect today’s announcement to initially create more than 100 jobs, but a sustainable local solar industry could create thousands of jobs. We hope to partner with the state and industry to create the business and regulatory certainty that can pave the way for a thriving local solar economy.”

SolarCity is currently scouting locations in Nevada and expects to begin hiring soon. Candidates can email SolarCity directly about employment opportunities in Nevada at …read more
Source: FULL ARTICLE at DailyFinance

SolarCity Announces Fourth Quarter and Full Fiscal Year 2012 Financial Results

By Business Wirevia The Motley Fool

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SolarCity Announces Fourth Quarter and Full Fiscal Year 2012 Financial Results

Customer base increased 243% in 2012, company surpassed $1 billion in solar energy systems deployed

SAN MATEO, Calif.–(BUSINESS WIRE)– SolarCity (NAS: SCTY) , a leading provider of clean energy, today announced financial results for its fourth quarter and full year ended December 31, 2012.

“SolarCity grew its customer base more than 243% in 2012 and surpassed $1 billion in solar energy systems deployed. Customers consistently choose SolarCity over alternatives, whether they are solar providers or utility companies. We sign up a new customer every five minutes,” said Lyndon Rive, CEO.

“SolarCity’s growth is proof that the company’s vertically-integrated model—to provide cleaner energy directly to customers at a discount to utility rates—is the key to attracting homeowners and businesses to solar,” continued Rive. “Furthermore, despite our triple-digit growth rate, we’ve scarcely begun to tap the potential of the distributed solar market. Less than half of one percent of energy consumers in the U.S. have adopted solar, and a massive growth opportunity remains.”

Operating Activities

SolarCity’s operating activities include collecting energy contract payments, acquiring new customers, operating and maintaining solar energy systems, technology development and additional activities that enable selling energy to customers.

Q4 2012 Operating Activity Highlights

  • 48 MW Deployed, an increase of 129% from the prior year period
  • 8,557 Total Customers, an increase of 192% from the prior year period
  • 6,810 Energy Contracts, an increase of 190% from the prior year period
  • 4,992 Transactions from other energy products and services, an increase of 350% from the prior year period

Full Year 2012 Operating Activity Highlights
…read more
Source: FULL ARTICLE at DailyFinance