Two fast growing companies in L.A.’s alternative energy industry are joining forces.
SunGreen Systems Inc.,（”SunGreen”） which develops and installs solar-energy systems, has signed a cooperation agreement with BYD America Corp.,（”BYD”） a provider of photo-voltaic solar panels and other technologies.
BYD will supply SunGreen with panels from its parent company in China, BYD Company Limited, which is 10% owned by Warren Buffett’s Berkshire Hathaway. SunGreen will integrate the panels into systems for commercial and residential customers in California, Nevada and Arizona. The two companies will also cross-promote each other in their marketing materials and campaigns.
“It’s an ideal match,” said SunGreen Chairman Y.Y. Lin. “We take great care to source only top quality panels. As testimony to their quality and expertise, BYD has already signed deals with the City of Lancaster, KB Home and the Los Angeles Department of Water & Power.”
“We’re impressed with SunGreen’s combined experience in real estate, green tech and architecture.” said BYD Business Development Manager Junguo Huang.
The two companies signed a Memorandum of Understanding on October 25, 2010 to commence their cooperation immediately and continue at least through December 2011.
No comments:
Post a Comment