SAN ANTONIO--(BUSINESS WIRE)--Sunrise Solar Corp. (OTCBB:SSLR) today announced that it will work with U.S. partners to apply for major stimulus plan grants under the new U.S. stimulus program. Currently, most of the Company’s large projects are overseas. By partnering with U.S. companies seeking to implement sizeable domestic solar projects using stimulus grants, SSLR will be able to expand its domestic operational footprint.
The new economic stimulus package aims at doubling U.S. solar resources over a two year period. This will require rapid deployment of solar assets on an unprecedented scale. Existing solar companies, such as SSLR, will be able to profit from assisting in the achievement of these goals.
“America needs this stimulus package in order to catch up with Europe and Asia in the development, and deployment, of clean solar power generation,” noted Eddie Austin, Chairman and CEO of Sunrise Solar Corp. “New solar technologies deliver clean, reliable energy at a competitive price. The solar industry is set to blossom under the stimulus plan.”
U.S. producers, such as SunTech (NYSE: STP) and Energy Conversion Devices (NASDAQ: ENER), have seen substantial declines in their order backlogs during the recession, but are gearing to meet the demand anticipated after the passing of the full stimulus plan.
Wednesday, February 11, 2009
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