SAN MATEO, Calif.--(BUSINESS WIRE)--Tioga Energy, a leading provider of renewable energy services to commercial, government and non-profit institutions, has been recognized as a co-recipient of an Innovation Award from the Interstate Renewable Energy Council (IREC) for its contribution to the creation of the successful public-private solar financing and development mechanism known as the “Morris Model.” The company shares the honor with the Morris County Improvement Authority (MCIA) and SunDurance Energy.
The Morris Model allows municipalities to finance solar projects through the use of low-interest bonds. Morris County, New Jersey is home to the first projects developed through the model, which is funding systems at 19 schools and other municipal buildings throughout the region to save the county $3.8 million in energy costs.
Additionally, Tioga Energy was listed on The San Francisco Business Times’ Top VC-Funded Cleantech Firms in the Greater Bay Area, as well as two national lists from the AlwaysOn network: The GoingGreen Silicon Valley 100 and the Global 250.
AlwaysOn honors are bestowed upon organizations weathering a stormy economic climate through innovative business models, multinational partnerships and creative use of government incentives. Tioga Energy’s SurePathSM Solar power purchase agreements (PPAs) facilitated numerous solar projects throughout 2010, including four systems with BJ’s Wholesale Club (NYSE: BJ) and an installation for the Humane Society Silicon Valley, the nation’s first animal community center to receive LEED Gold certification from the U.S. Green Building Council.
“While other organizations struggled to maintain footing in the financial downturn, Tioga has expanded operations and empowered a host of organizations to achieve energy savings through solar projects,” said Paul Detering, CEO of Tioga Energy. “We are honored to be recognized for our staying power and smart project selections. The Tioga Energy team looks forward to continuing this trend in 2011 and beyond.”
About Tioga Energy
Tioga Energy enables commercial, government and non-profit organizations to reduce their energy costs while lowering carbon emissions. Through the SurePath™ Solar power purchase agreement (PPA), Tioga Energy owns and operates renewable energy systems that provide organizations a hedge against energy price volatility and accelerate their access to clean energy without any capital outlay. For more information call 877-333-9787 or visit: www.tiogaenergy.com.