H.I.G. Growth Partners News
fama PR (for Suniva)
Suniva Named 'Renewable Energy Exporter of the Year' by Export-Import Bank of the United States
Industry-Leading Solar Company Also Recognized by The Wall Street Journal and Greentech Media as One of the Leading Venture-Backed Companies in the World
WASHINGTON, D.C. - March 11, 2010 - Suniva, Inc., a U.S. manufacturer of high-efficiency monocrystalline silicon solar cells and modules, today announced that it has been named "Renewable Energy Exporter of the Year" by the Export-Import Bank of the United States. The award was presented today at the EX-IM Bank Annual Conference prior to Suniva CEO John Baumstark's introduction of President Barack Obama to attendees.
Last year, Suniva exported more than 90 percent of its product to Asia and Europe. The company has created more than 150 new jobs and plans to hire 500 additional staff at a new manufacturing plant in Michigan. Suniva employs a diverse workforce-approximately a quarter of employees are military veterans and many others were hired from shuttered automotive plants.
"As America's only manufacturer of high-efficiency, monocrystalline solar cells, Suniva is proud to be doing its part to help make President Obama's vision of doubling exports over the next five years a reality," said John Baumstark, chairman and chief executive officer of Suniva. "The Suniva team is working hard to protect the environment and create new jobs for the next generation of Americans."
Suniva was also featured in several prestigious venture capital backed company lists during the past week. The company ranked as The Wall Street Journal's 2nd most promising Venture-Backed Clean Technology Company and the 15th overall Venture-Backed Company across all industries. Greentech Media also included Suniva in its list of the Top 50 VC-Funded Greentech Startups.
With its expanding and skilled workforce, Suniva is producing world-class technology and generating record setting screen printed solar cell efficiencies in development and production. For more information about Suniva and its products, please visit www.suniva.com.
Based in Norcross, GA, Suniva® manufactures high-efficiency monocrystalline silicon solar cells and high power solar modules with low-cost techniques in order to make solar-generated electricity cost- competitive with fossil fuels. Suniva leverages exclusive licenses to critical patents and patent-pending intellectual property developed by founder and CTO, Dr. Ajeet Rohatgi, at the Georgia Institute of Technology's University Center of Excellence for Photovoltaic Research, which is funded by the Department of Energy. Led by an internationally regarded team of business executives and photovoltaic scientists, Suniva sells its advanced solar cells and modules Powered by Suniva™ worldwide, renewing U.S. leadership in the new energy economy. For additional information, please visit www.suniva.com.