Axio Power

Axio Power to Construct 2 MW Solar Farm on Landfill for Town of Westfield, MA (March 31, 2011). Axio announced today that it will develop a 2 megawatt (MW) solar photovoltaic facility on a closed municipal landfill in the Town of Westfield, Massachusetts. Power produced from the solar facility will be purchased by the City’s municipal utility, Westfield Gas and Electric Light Department and then provided to a variety of municipal facilities at a discounted rate. The City will benefit from lease revenue from the use of the landfill as well as reduced electricity rates.

Axio Power to Construct Largest Solar Facility in Hawaii (February 9, 2011). Axio announced today that it will develop a 5 megawatt (MW) solar photovoltaic facility, co-located with a refinery owned by Tesoro Corporation, on the island of Oahu, Hawaii. Axio has executed a PPA with Hawaiian Electric Company (HECO) for the supply of solar energy at a low price of power over 20 years. The project will be built on marginalized, industrial lands and will serve the load center of Honolulu, reducing dependence on coal-fired power stations and moving the State towards a renewable energy future.

Axio Power to Construct 2 MW Solar Farm on Landfill for Town of Pittsfield, MA (November 23, 2010). Axio announced today that it will develop a 2 megawatt (MW) solar photovoltaic facility on a closed municipal landfill in the Town of Pittsfield, Massachusetts. Axio has executed a Power Purchase Agreement (PPA) with the Town of Pittsfield for the supply of solar energy at a low, fixed price of power over 20 years, as well as a long-term lease on the closed landfill site. The contracts were executed today at a Pittsfield City Council meeting, and were praised by Pittsfield Mayor James M. Ruberto for creating local jobs, reusing brownfield lands, saving the Town money on its electricity bills and reducing dependence on foreign oil.

Axio Power Awarded 10 MW Contract with Southern California Edison (July 27, 2010). Axio announced today that it has executed a PPA with Southern California Edison for a 10 MW ground-mounted solar PV project in San Bernardino County. The contract for the Cascade Solar project was awarded as part of SCE’s Solar PV Program. This distributed solar power project is due to be constructed and operational by Q4 2011.

Axio Power to Construct 2 MW Greenfield Solar Farm for Town of Greenfield, MA (June 25, 2010). Axio announced today that it will develop a 2 megawatt (MW) solar photovoltaic facility on a closed municipal landfill in the Town of Greenfield, Massachusetts. Axio has executed a Power Purchase Agreement (PPA) with the Town of Greenfield for the supply of solar energy from the Greenfield Solar Farm at a low, fixed price of power over 30 years, as well as a long-term lease on the closed landfill site. The contracts were executed today at a meeting attended by Massachusetts Governor Deval Patrick, Greenfield Mayor William Martin, as well as various other officials and members of the public.

Axio Power Awarded 90 MW of Feed-In Tariff Projects by Ontario Power Authority (April 8, 2010). Axio announced today that it has been awarded 90MW of distributed, ground-mounted solar power projects under the Ontario Power Authority (OPA) Feed-In Tariff program, an initiative of Ontario’s breakthrough Green Energy and Economy Act.  An additional 50 MW of Axio projects await final approval, pending the OPA’s Economic Connection Test, giving Axio one of the largest shares of ground-mounted solar photovoltaic contracts awarded under the OPA’s program.  Axio Power has developed the projects from its Kingston, Ontario offices and will finance, build, own and operate all of the facilities using solar modules and related equipment that meet the 60 percent Ontario domestic content requirements of the program. The 90 MW of projects, representing an investment of over CDN $400 million, will be developed in the Fort Erie, Simcoe, Welland, Odessa, Alfred, and Kingston areas. The investment in these solar projects will create green jobs in the construction, manufacturing, engineering, project development and associated sectors in Ontario.

Axio Power Acquires Solar Assets of BQ Energy (July 2009). Axio Power, Inc. announced an agreement to acquire the solar assets of BQ Energy LLC., a New York based developer of utility-scale renewable energy projects. BQ Energy develops solar and wind energy facilities located on industrial, military and brownfield sites. The acquisition includes BQ Energy’s solar projects under development in New Jersey, Pennsylvania, Hawaii, and California. Axio Power is a strategic partner that will accelerate the development of BQ Energy’s significant pipeline of utility-scale solar PV projects, while the BQ team provides Axio Power with an excellent platform for tapping East Coast and Hawaiian markets. The BQ acquisition builds on the brownfield expertise of Axio Power, whose principals were responsible for the development of a 2MW solar project on a landfill at Fort Carson, Colorado in 2007.

Axio Power Launched (October 2008). After doing business under separate names in the U.S. and Canada, Helios Energy and Greenlight Sunstream, the company will unify its branding under a new name, Axio Power, Inc. Axio CEO Tim Derrick stated, “The solar industry has become a crowded place for Helios and Greenlight trademarks in both the US and Canada. We want to ensure that our Canadian and US customers can easily identify us under a bold new flag.” The Axio Power management team and solar project development activities remain unchanged, and will continue to operate from its California, Ontario (Canada), and Virginia offices.

Greenlight Acquires Helios Energy (January 2008). Under the terms of an agreement, Greenlight will take majority interest in Helios Energy and the Helios management team will assume leadership of Greenlight Sunstreams Holdings’ solar development operations in Canada. The assets of the combined companies include 40MW of early stage development opportunities.

Greenlight Enters Canadian Solar Market (January 2007). Greenlight Energy Resources (GER), a private equity firm specializing in renewable energy investments based in Charlottesville, VA, has formed a new company, Greenlight Sunstream Holdings, LLC, to pursue utility-scale solar projects under Ontario’s 20-year, $0.42/kWh feed-in tariff. Greenlight Sunstream joins Columbia Power, a wave energy business based in Portland, OR, and Greenlight Biofuels, a biodiesel producer based in Princess Anne, Maryland, as a GER portfolio company.