SoCore Energy Wins Chicago Innovation Award

First-in-class solar rental agreement, and modular system, add flexibility for customers

CHICAGO--()--SoCore Energy received a Chicago Innovation Award for its game-changing approaches to make solar energy systems financially viable for corporations.

SoCore Energy, founded in 2008 by Allscripts CEO Glen Tullman and veteran entrepreneur Pete Kadens, is one of ten companies selected this year from a record-setting 332 nominees. The Chicago-based solar developer provides solar installations to clients including Walgreens, JCPenney and Kimco Realty, as well as municipalities, schools and REITs.

The Chicago Innovation Awards judges recognized that SoCore’s physical design and business terms are revolutionizing the way commercial buildings harness solar power. The modular, ballasted SunLock™ system offers users physical flexibility without the typical need to penetrate the roof. Meanwhile, the first-in-class Solar Rental Agreement slashes the typical commitment time for a solar project from 20 years to less than 10, helping to make the economics and terms work for corporate users. Together, these innovations enable more businesses to reap the benefits of clean, renewable energy.

“We took a fundamentally different approach to solar energy. Unlike most in the industry, SoCore is not about selling solar systems. SoCore delivers fully managed and maintained solar energy services that we can custom tailor to fit our customers’ needs through our exclusive, flexible solutions,” said Pete Kadens, SoCore president.

Because the SoCore SunLock system is modular, the structures can be disassembled, reconfigured or moved to another location as needed. Designed for flat roofs, SunLock’s non-penetrating design means that roof warranties are not compromised which is often key for businesses that lease their space. SoCore also provides maintenance, monitoring and energy services to its customers.

“People sometimes confuse invention with innovation. SoCore has taken two new concepts to the solar power market, offering new flexibility in the financial and physical sides of the business,” said Dan Miller, co-founder and co-chair of the Innovation Awards. “SoCore has opened the door to solar energy for businesses and local governments, which expands the market in ways that fundamentally change the industry.”

The Chicago Innovation Awards reward viable, commercially deployable products and services in the region. The Awards sponsors – which include Wrigley, Allstate, Google and Comcast Business Class – bring together nominees for networking events and provide a day-long executive education program with Northwestern University’s Kellogg School of Business.

Now in its ninth year, the Chicago Innovation Awards have honored a diverse spread of companies including Motorola, Threadless.com, Flashpoint and CNT Energy. The ten winners each year are innovations that uniquely fill unmet needs, spark a competitive response in the marketplace, exceed market expectations, achieve financial success, and improve people’s lives. They emerge from the public, private, and nonprofit sectors. Most importantly, the Chicago Innovation Awards remind us that innovation is thriving in America's heartland.

About SoCore Energy LLC:

SoCore Energy LLC is a national provider of custom, portable solar arrays for sale or mid-term rental, giving customers the ability to hedge electric costs while making responsible renewable energy investments. Headquartered in Chicago, SoCore offers industry-leading service, flexible terms and extensive familiarity with leveraging national and state renewable energy credits and tax incentives. To respond to rapid technological progress in the solar industry and economic uncertainty, SoCore pioneered SRS, the Solar Rental Service. For more information, visit www.SoCoreEnergy.com or call 1-877-SOCORE1.

Contacts

Aileron Communications
Sheridan Chaney, 312-629-9400
schaney@aileroninc.com

Release Summary

SoCore Energy received a Chicago Innovation Award for its game-changing approaches to make solar energy systems financially viable for corporations.

Contacts

Aileron Communications
Sheridan Chaney, 312-629-9400
schaney@aileroninc.com