PosiGen is a solar energy company that is committed to creating individualized and customized solar panels for people. The energy generated from these panels makes it possible to power homes and businesses with significantly less expensive electricity. The potential for solar energy at PosiGen is enormous, especially where poverty and energy poverty are widespread. PosiGen has teamed up with Columbia Bank to build solar panels on each of their branches in the U.S. and abroad. These panels generate electricity for each branch and customers and staff receive a substantial discount on the electricity they use.
This project is made possible through a grant from the United States Department of Energy. PosiGen solar power company is based in Fulton, Missouri, where it also manufactures and distributes its solar panels. The company currently has more than 30 employees, and this number is expected to triple by the end of 2018 (Crunchbase).
Capitalized with $100 million in private funds and assets, PosiGen solar power firm has about a billion dollars invested in the company at present. The company intends to build 8 manufacturing sites across the U.S., as well as 50 offices in developing nations. PosiGen has signed an agreement with Columbia Bank to install solar energy systems in all of their branches. The new solar-powered business will replace Columbia’s old fossil fuel-based lighting system. According to Forbes, this project is another step in making the company bigger and stronger, promising future growth. PosiGen solar panels were tested for efficiency by the Center for Consumer Technology and Construction at the University of Maryland
These solar panels from PosiGen were found to be five times more efficient than traditional solar panels. Therefore, the electricity generated from these new units was also five times cheaper than those before, saving the money of families and business”. The PosiGen panels are much better. They don’t get hot like the other ones,” said staff engineer Keith Wilson, who was one of the people who ran the tests on them. “They didn’t shatter like the others. PosiGen is doing a lot of things right and continues to show promise with its innovative business model. As a result, the stock price has gone up by over 835% in the past year. The company’s latest agreement with Columbia Bank is a good sign that they are continuing to do things the right way.