Tioga Energy Honored by Interstate Renewable Energy Council, AlwaysOn and San Francisco Business Times
Date: 10/12/2010
Company: Tioga Energy
Source: BusinessWire
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.
“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”
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.
