Friday, January 23, 2009

Evolution Solar Selected as Partner to Pursue 5mw Solar Project

TEMPE, Ariz.--(BUSINESS WIRE)--Evolution Solar Corp. (Pink Sheets:EVSO) was selected by Atlantic Energy Solutions Inc. of Saratoga Springs, New York, to serve as a partner to pursue the development of a 5 megawatt Solar Plant in southern Florida. The $400,000,000.00 plant will be funded by a private Florida developer and will be built, operated, and maintained by the partnership. \"We are past the RFQ stage and are now detailing final negotiations,\" stated Tim Brock, CEO of Atlantic Energy Solutions.

Atlantic Energy Solutions Inc. (Pink Sheets:AESO) is a globally accredited Energy Efficiency and Resource Company and member of NAESCO (www.naesco.org), that identifies, implements and finances energy efficiency projects designed to improve the overall efficiency, water usage, and renewable resources reducing dependency on foreign oil and diminishing our carbon footprint. Atlantic Energy Solutions assesses the energy demands and usages of municipal, corporate, and industrial complexes to improve conservation and apply measures to bolster savings at the consumer level. Honeywell (NYSE:HON), Johnson Controls (NYSE:JCI), and Siemens (NYSE:SI) are among the well-known members of NAESCO.

\"We welcome the opportunity to work with a highly accredited organization such as Atlantic Energy and feel that this is the beginning of a mutually beneficial relationship,\" remarked Robert Kaapke, CEO of Evolution Solar Corp.

Solar stocks began a strong move upward Wednesday. The surge was attributed to President Obama\'s plan for alternative energy. GT Solar (NASDAQ:SOLR) increased 7.67%, Sun-Power (NASDAQ:SPWR) increased $1.65, Kyocera Corp. (NYSE:KYO) gained $2.31 per share while Evolution Solar (OTC:EVSO) maintained its momentum with a three day move in excess of 20%.

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