A Major Milestone is Achieved
SUMMIT, N.J., November 1, 2016 -- Nautilus Solar Energy, LLC, (“NSE”) a national solar project development and asset management company, is excited to reach its tenth year anniversary as a leading solar energy provider. Having achieved this operational milestone further solidifies NSE’s reputation as one of the most experienced and reliable solar industry participants in the United States.
Nautilus Solar was co-founded in 2006 by power industry veterans Jim Rice and Laura Stern. What started as a collaboration of ideas based on a long history of financing the power industry quickly turned into the creation of a solar platform that would specialize in the development and financing of distributed generation solar projects. Through building and leveraging a team of experienced personnel, Nautilus has developed, financed, and managed over 200 megawatts throughout the United States and Canada.
“This is a tremendous achievement for Nautilus. There are only a select few companies in the solar industry that have reached this point,” said Jim Rice, Chief Executive Officer of Nautilus Solar. “Moreover, as we celebrate the last ten years of operations, we are excited that the Nautilus platform continues to attract opportunities that set the stage for our next decade of growth.”
Beyond its core development and financing capabilities, Nautilus has also significantly expanded its Integrated Solar Asset Management (ISAM) division. This division had grown out of the need to optimize the performance of solar assets and to meet the increasingly sophisticated requirements of financiers. “The keys to a solar project’s long-term success has always been giving our customers the confidence that we’ll be there to provide unified operational and financial asset management expertise together under one roof” remarked Laura Stern, Nautilus’s President. “Our customers have responded to this message and we are proud that ISAM has quickly grown to over 180 utility and distributed solar projects under management.”
Heading into the future, Nautilus continues to add experienced professionals to its team and expand its geographical presence across the country. “10 years of successfully navigating the solar industry is a testament to the strength, ingenuity and depth of the entire Nautilus platform. We are excited to build upon this success and for what Nautilus can achieve in the future.” added Jeffrey Cheng, Nautilus’s recently appointed Chief Operating Officer.
About Nautilus Solar Energy, LLC:
Founded in 2006, Nautilus Solar Energy, headquartered in Summit, N.J. is a leading national solar development and asset management company. Nautilus focuses on developing, acquiring, executing and managing distributed and utility-scale generation solar projects throughout North America. Nautilus is minority owned by Virgo Investment Group LLC. Join Nautilus on LinkedIn and Twitter and visit www.nautilussolar.com for more information.