SOURCE: GreenVolts


December 02, 2009 08:06 ET

GreenVolts Lands Industry Veteran as Senior Vice President of Operations

Keith Lambert Brings Successful Global Track Record to Growing Concentrating Photovoltaics Company

FREMONT, CA--(Marketwire - December 2, 2009) - GreenVolts, a leader in the development and commercialization of concentrating photovoltaic (CPV) technology, today announced that Keith Lambert has joined the company as Senior Vice President of Operations.

Mr. Lambert brings 20 years of general management, operations and engineering experience in diverse industries including minicomputers, networking, contract manufacturing, wireless infrastructure, and optical communications. He has been successful on the global stage, managing production, logistics and supply chain operations as a Business Unit General Manager and as an Operations GM.

"We are pleased that Keith has joined the GreenVolts team. His experience in operations and management will be invaluable as we scale to fulfill on the potential of both CPV and GreenVolts," said David Gudmundson, President and CEO of GreenVolts. "His efforts will support our mission of providing scalable, reliable, high performance solar equipment."

Most recently, he was the SVP of Optical Communications at JDSU Corporation where he was responsible for defining and implementing the Optical Communications operating strategy for a $600M business unit with 3,500 staff. His previous work experiences include executive management positions at RadiSys Corp, MSL (now Celestica) and 3Com Corp.

"I am excited to work with the world class engineering team assembled at GreenVolts to realize this vast opportunity," said Mr. Lambert. "Foundational to our cost leadership and reliability strategy will be developing strategic relationships with Tier 1 global manufacturing partners, and I look forward to enabling GreenVolts to become the first solar power company to strategically empower the global supply chain to truly scale the CPV industry."

GreenVolts' innovative approach to concentrating photovoltaics has led to a power purchase agreement with Pacific Gas & Electric for a two-megawatt pilot facility in Northern California. GreenVolts has raised nearly $45 Million in venture capital, including $34 Million as part of a Series B round late last year. The company's technology and business model recently earned it a spot on the 2009 Global Cleantech 100 list of the leading cleantech companies.

About GreenVolts

GreenVolts, headquartered in Fremont, CA, has taken an integrated systems approach to development of complete Concentrating Photovoltaic (CPV) solutions that combines:

--  State-of-the-art proprietary highly concentrating optics
--  High precision, low profile, two-axis solar tracking
--  Intelligent power and control systems
--  On-board, real time, high resolution performance monitoring

This unique integrated systems approach will achieve industry leading energy productivity and low overall Levelized Cost of Energy (LCOE). In addition, the high energy density of GreenVolts' CPV system enables low cost power production that can be deployed close to load, further increasing the real value of the energy generated.

To learn more about the company, please visit

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