SolarReserve’s new VP Operations

SolarReserve’s new VP Operations

19 January, 2012
Stephen Mullennix on board
US developer of large-scale solar power projects appoints new leader for its operations

SolarReserve, a U.S. developer of large-scale solar power projects, recently announced the appointment of Stephen Mullennix as Senior Vice President of Operations. Mullennix will lead the company's efforts in asset management, operations and corporate development. Mullennix brings 16 years of experience in the renewable energy and infrastructure industries to his new position at SolarReserve. He was most recently a managing director at US Renewables Group, SolarReserve's founding investment group. Mullennix has been involved with SolarReserve since its inception in 2007, serving on the board and working with the management team.

"Stephen has been a critical member of our investment group, and we are thrilled to have him now join our leadership team," said Kevin Smith, CEO, SolarReserve. "His presence further strengthens our executive bench and will be a major contribution to our continued development of utility-scale solar projects globally."

As a Managing Director, Mullennix led acquisition and investment management for US Renewables Group, a leading renewable energy private equity investment firm. Prior to US Renewables Group, Mullennix was an Associate Vice President at AECOM, a global leader in engineering design services, where he managed mergers and acquisitions and corporate finance. Prior to AECOM, Mullennix was a co-founder of a wastewater company that commercialized biotechnology solutions for wastewater treatment.

"It is a truly a pivotal time for SolarReserve and I am excited to be coming on board," says Mullennix. "It is amazing to be part of a team that is developing the largest solar power project of its kind in the world, and I look forward to contributing to the growth of the company as a whole."

In September of 2011, SolarReserve started construction on its lead project, the 110 megawatt Crescent Dunes Solar Energy Project located in Tonopah, Nevada. The project will be the first commercial scale solar power tower with fully integrated energy storage in the U.S., and the largest of its kind in the world. Through the use of energy storage, the highly efficient solar project will provide reliable, zero-emission electricity on demand - day or night. With more than 100 workers on site and direct employment expected to reach 600 workers in 2012, the project is scheduled to reach commercial operation in December 2013. The project is estimated to create more than 4,300 direct, indirect and induced jobs and has already released equipment and service orders in twenty states across the U.S.

By: Ecozine Staff


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