FOR IMMEDIATE RELEASE
Press Contact:
Michael Azzano
Cosmo PR for GreenVolts
415/596-1978
michael@cosmo-pr.com
GreenVolts Adds 20-Year Industry Expert as VP and General Counsel
San Francisco, Calif. - Oct. 2, 2008 - GreenVolts (www.greenvolts.com), a leader in concentrating photovoltaic (CPV) technology, today introduced Richard Raushenbush as the company’s Vice President and General Counsel. Mr. Raushenbush’s extensive experience working with public utilities and government agencies makes him ideally suited to help guide GreenVolts’ continued growth and new utility-scale solar projects around the world.
“Richard is the perfect match for GreenVolts, someone who can hit the ground running and help speed even the imminent deployment of our GV1 project,” said Bob Cart, founder and CEO of GreenVolts. “His addition to our executive team will not only help facilitate future planned projects, but his expertise and devotion to this industry speaks volumes about our own efforts as a company.”
Mr. Raushenbush spent the previous 20 years in the Environment, Land & Resources Department and Litigation Department at Latham & Watkins where his practice was centered on environmental, land use and administrative litigation. He has extensive experience representing public utilities before the California Public Utilities Commission and in court regarding electric transmission, electric generation, and natural gas transmission. He also has extensive experience in judicial and administrative actions regarding environmental issues.
Mr. Raushenbush has litigated environmental cases throughout California’s federal and state courts, as well as federal courts in Texas, Indiana and Maryland. He also has dealt with the EPA and California state agencies in both court and administrative enforcement proceedings. Mr. Raushenbush holds a JD from the University of Virginia School of Law and a BA from Harvard University.
GreenVolts is a utility-scale solar technology company focused on delivering wholesale-distributed generation solutions that can produce the world’s lowest cost solar energy on a massive scale. The company has developed state-of-the-art concentrating photovoltaic technology that achieves unparalleled solar-to-electricity conversion efficiency through an innovative integration of optics and solar tracking.
Like central station power plants, GreenVolts’ technology is a complete power plant designed for delivering the lowest levelized cost of energy; yet GreenVolts’ power plants are sited close to loads, increasing efficiency and further reducing cost.
About GreenVolts
GreenVolts, Inc., based in San Francisco, was founded in 2005 to deliver solar power at costs competitive with that derived from fossil fuels. The company’s breakthrough concentrating photovoltaic technology efficiently integrates tracking and optics into a system that dramatically lowers energy cost. In addition, the low-profile tracker design minimizes issues associated with wind loading and eliminates the need for concrete supports to allow for rapid deployment. Through low cost, high efficiency systems, the company can access large markets previously inaccessible to solar. GreenVolts is currently developing the initial phase of a two-megawatt facility in Byron, California, under a 20-year power purchase agreement with Pacific Gas & Electric.
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