2009 News

NovaSol Energy, NAI Realvest form partnership to provide renewable energy for commercial facilities and utilities throughout Florida.

ORLANDO, Fla. (Jan. 12, 2009)  -- NovaSol Energy, Inc., an emerging cleantech firm, has formed a unique partnership with Maitland-based NAI Realvest to provide renewable ‘green’ energy---with no upfront costs---to commercial facilities and utilities throughout Florida. 

Haseeb Qadri, president and chief executive officer of NovaSol Energy, said NAI Realvest will serve as exclusive agent representing NovaSol’s solar energy systems to potential retail, multi-family residential, commercial, and industrial properties.  The NAI Realvest partnership will provide NovaSol Energy with a sales and marketing partner, along with an immediate customer base.  NAI Realvest will market the economic and ‘green’ advantages of ‘going green’ to its portfolio of properties.  NovaSol Energy will be the exclusive provider of renewable energy, via its solar generation facilities, for properties in the Realvest portfolio that are seeking renewable energy solutions to qualify for LEED certification.  
           
“We are pleased to partner with a progressive industry leader like Realvest to make solar a reality throughout Florida, the SunShine State,” Qadri said.  A recent study conducted by Navigant Consulting for the Public Service Commission (PSC) of Florida revealed solar as the largest renewable resource available in Florida, and with the potential to create over 32,000 new local ‘cleantech’ jobs. 

NovaSol and NAI Realvest plan to explore the possibility of expanding their partnership beyond the Florida market where NovaSol is assessing opportunities being presented throughout the United States, Asia, Africa, and Europe.
           
George Livingston, Chairman of NAI Realvest, said that their strategic alliance with NovaSol Energy will add value to the properties of their clients as well as to their own development projects.  “We are excited about the opportunity this presents us to move towards green, renewable energy, solutions, while at the same time, enhancing property values,” Livingston stated. 

NovaSol Energy and NAI Realvest will offer potential customers several bottom-line advantages.  “We are developing green energy solutions that can provide renewable solar energy to commercial buildings without any upfront costs to the consumer or building owner,” Qadri explained.
 
“Our solution requires no upfront costs to provide companies with protection from energy rate hikes; ability to manage energy overhead with predictable costs; savings on long-term energy costs; eliminating risk of owning and operating power generation equipment; reducing their organization’s environmental footprint; qualify facilities for LEED certification and reduce grid dependency by making it possible to generate power even when transmission lines are down,” Haseeb said.

Qadri said NovaSol Energy has negotiated agreements with two utilities to sell green energy generated via the company’s solar energy generation facilities hosted on commercial buildings.  He declined to provide specifics at this time.  NovaSol is also in preliminary discussions with additional utilities and municipalities to incorporate solar energy into their overall electricity generation portfolio.  Qadri said they have over $30 Million in their project pipeline and expect to triple that capacity by the end of 2009.

NovaSol Energy, Inc. joined the University of Central Florida Incubation Program in September and is located in the Technology Incubator in the Central Florida Research Park.

For more information please contact:
S. Haseeb Qadri, President/CEO NovaSol Energy, Inc. 407-377-6641 haseeb@novasolenergy.com
Carol Ann Dykes, Site Director, UCF Technology Incubator 407-882-0211, cdykes@mail.ucf.edu;  
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 Lvershelco@aol.com

About the UCF Incubation Program:
Since its founding in 1999, the UCF Incubation Program has helped more than 100 emerging companies (including nearly 70 current clients) create over $500 million in annual revenue and more than 900 new jobs with an average salary of $59,000. With five facilities across the metro Orlando community, the Incubation Program is a collaboration in economic development between UCF, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, and the Florida High Tech Corridor Council.  For more information, please visit http://www.incubator.ucf.edu.

About NovaSol Energy:
NovaSol Energy is a, virtual, independent, “green” power company committed to generating and distributing clean and affordable renewable energy for commercial and utility customers. The company owns, installs, and operates solar generation facilities at various locations and sells the energy generated via those facilities to commercial customers and utilities.  NovaSol Energy also has an innovative ‘smart-grid’ energy transmission technology in early developmental stage.  For more information, please visit http://www.novasolenergy.com.

About NAI Realvest:
NAI Realvest in Orlando, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 325 offices spanning the globe, managing over 200 million square feet of commercial space. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.

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