Genie Energy Solar Arm Bags Module Supply Order from JPMorgan Chase

Prism Solar Technologies (Prism Solar), a solar manufacturing arm of Genie Energy, has secured an order from JPMorgan Chase to supply solar modules for the installation at its facilities.

The company said in a statement that, “Genie Energy Ltd announced that its solar manufacturing subsidiary, Prism Solar Technologies, has received additional purchase orders from JPMorgan Chase Bank (JPMorgan Chase) to supply solar modules for installation at JPMorgan Chase facilities nationwide.”

Earlier, the two companies had reached a module supply agreement pursuant to which Prism Solar was named Preferred Supplier for the 2017-2020 JPMorgan Chase Solar PV (Photovoltaic) Installation program for locations in the United States of America.

New York-based Prism Solar is a fast-growing supplier of monofacial and bifacial solar modules assembled in US.

The company said that, it is recognized globally as the first supplier of Quality Plus Certified, glass-on-glass, bifacial solar modules. It is also developing the original design and modeling tools essential for forecasting and optimizing the energy-generating performance of bifacial solar systems.

Commenting on the development, PlusEnerG Inc., CEO, Randy Stewart said “PlusEnerG and Prism Solar offerings are designed to help clients meet their renewable power goals. The quality and versatility of our photovoltaic solutions enable us to tailor site-specific solutions optimized for demanding applications in the Commercial and Industrial sector. Our work for JPMorgan Chase reflects the value of this approach for the most sophisticated clients.”

Genie Energy is a majority shareholder in PlusEnerG, who’s wholly owned subsidiary is Prism Solar.

Speaking on the order win, Genie Energy, CEO, Michael Stein said “we are extremely proud to contribute to JPMorgan Chase’s effort to reach 100 percent renewable power. JPMorgan Chase has become a leader in the effort to move the world toward clean, environmentally sustainable energy. Their commitment to renewable power has set an example for organizations globally.”