Solar Energy Initiatives, Inc., a company focused on helping redeploy a portion of the U.S. workforce while reducing the worldâ€™s dependence on fossil fuels, announced that it has secured federal stimulus funding to train displaced workers as solar energy installation and maintenance technicians. The funding is part of the American Recovery and Reinvestment Act of 2009, which was signed into law February 2009 by President Obama. The company also told investors that it is pursuing three additional grants.
â€œManagement is extremely pleased with the attainment of this first award of federal stimulus funding,â€ stated David Fann, Chief Executive Officer of Solar Energy Initiatives. â€œThe grant reaffirms the governmentâ€™s commitment to alternative energy and also provides additional credibility to Solar Energy Initiatives as a market leader for the education and development of solar power for residential areas and commercial projects and solar parks. Management intends to employ the funds primarily for training and educating displaced workers into solar installers to secure employment in the dynamic and growing solar energy industry.â€
â€œSolar Energy Initiatives obtained the funding due to its rapidly growing dealer network and reputation as a leading educator of solar installation,â€ he continued. â€œWe will work with all applicable government agencies in order to secure addition potential grants to assist in the growth of our business. Management remains dedicated to increasing the Companyâ€™s dealer network and expanding market presence in order to achieve our ultimate goal of improved shareholder value.â€