Petra Solar Announces Acquisition of EnergyFlow Consulting

SOUTH PLAINFIELD, N.J.--(BUSINESS WIRE)--Petra Solar, a NJ-based technology company committed to advancing global production of renewable energy, helping the electric supply industry develop a smarter and more stable electric grid, and creating jobs in clean energy, announced today the acquisition of EnergyFlow Consulting LLC in Jordan, a full service consulting firm that provides local, cost-effective specialized software and hardware, professional consulting, engineering, high-tech field services, and training to energy producers and consumers.

“Jordan fully supports the commitment to renewable leadership and economic development demonstrated by companies like Petra Solar, which advance both sustainable generation and smart grid functions”

“Jordan fully supports the commitment to renewable leadership and economic development demonstrated by companies like Petra Solar, which advance both sustainable generation and smart grid functions,” said Amer Al Hadidi, Economic Adviser, Royal Hashemite Court. “Petra Solar’s expertise in this region will help upgrade our power infrastructure and accelerate economic growth and job creation in the Kingdom.”

As part of the deal, Petra Solar named former EnergyFlow CEO, Hisham Othman as Vice President, Professional Services and Regional Manager of Middle East and Africa. Dr. Othman, a seasoned expert in the energy industry, will consult with utility leaders and orchestrate Petra Solar’s expansion in the Middle East and Africa. He will lead Petra Solar’s Professional Services team, helping utilities worldwide solve their energy challenges and diversify their portfolios with smart grid enabled, distributed solar energy solutions that provide high economic value. Professional Services for the global utility market will include full value proposition analysis and business case modeling along with professional engineering consulting.

“EnergyFlow Consulting is a huge asset to us as we expand our business,” said Petra Solar President and CEO, Dr. Shihab Kuran. “Petra Solar’s innovative SunWave™ system transforms the way solar power is produced and delivered and this breakthrough is critical to areas of the world that need alternative forms of energy the most. Hisham’s years of experience and innovation will bring a wealth of knowledge to our efforts to expand the use of our SunWave system across the globe.”

Dr. Othman has twenty years of international experience in the energy industry, holding various technical and managerial positions ranging from high-end engineering consultancy, applied research, product development, product management, strategy development, and general business management. He consulted with American, Japanese, European, and Middle Eastern companies helping to manage both strategy and execution for solving business dilemmas.

Before founding EnergyFlow Consulting, Dr. Othman was a country manager and an area manager for ABB International Marketing in Jordan, where he led the growth of ABB Group in its key Middle Eastern markets. The development involved a collaborative effort among many stakeholders and decision makers in the region and globally. Prior to his tenure at ABB, Dr. Othman provided engineering analysis and complex dynamic simulations in support of numerous consulting projects with electric utilities in the U.S. and Japan for GE Power Systems, USA.

“Petra Solar provides utilities with reliable, cost effective solutions that strengthen the electric grid to meet the energy needs of the 21st century,” said Dr. Othman. “Petra Solar’s suite of products and services is the best available solution for increasing adoption of renewable energy globally in a way that improves grid reliability and security.”

About Petra Solar:

Petra Solar, founded in 2006 by CEO and President Dr. Kuran, has pioneered new technology that combines distributed solar energy generation with Smart Grid communications and improved grid reliability features to create a utility grade solution that delivers high economic value for solar power. Petra Solar’s innovative SunWave™ system provides distributed clean energy that ties directly into the electric grid, and does not require an upgrade to either the current transmission or distribution infrastructure, eliminating grid interconnection issues faced by traditional solar systems. One of the key advantages of the Petra Solar solution is its flexible grid integration architecture that enables installation on existing assets that can hold one or more solar modules such as utility and streetlight poles, rooftops, and other available structures. In addition, the SunWave distributed solar and Smart Grid technology prevents instabilities caused by intermittent renewable energy sources, which enables utilities to maintain high power quality for electric customers as solar deployment growth accelerates. Petra Solar's success is the culmination of more than 19 years of research and development. For more information about Petra Solar visit www.petrasolar.com.