T.B. Penick & Sons, Inc. (Penick), an ENR Top 100 design-build, general contracting, and construction management company, and Solarrus Corporation (Solarrus), a full service solar energy company providing residential, commercial and utility scale design, installation and maintenance services, together announced a new joint venture focused on bringing the benefits of solar power to government and education customers.
The joint venture, entitled Penick-SI, provides cost effective solar energy with no upfront capital expenditure to government agency customers through power purchase agreements. The programs benefits come from reducing initial development time and costs, as well as lowering ongoing electricity costs to customers and providing industry leading operations and maintenance services.
The joint venture is led by Maureen McDonald, Vice President of Solarrus and General Manager for the Penick-SI joint venture. With Penick and Solarrus, Penick-SI offers extensive solar design experience, a century of design-build experience, and long-term maintenance experience, a combination that is not seen in the industry today.
Penick has a 105-year track record of reliable delivery and a reputation for efficiency, creativity, and innovation in the construction industry, said Tim Penick, the joint venture executive partner from Penick. We are also known for staying ahead of technology trends and providing specialized expertise for diverse market sectors. This partnership with Solarrus ensures that we continue to stay ahead of the growing demand for solar power.
The ventures current focus targets school districts, and leverages Penicks long history with school districts and municipalities, as well as the program implementation experience provided by Solarrus. The Penick-SI team combines the long-time experience of the Solarrus solar professionals with the premier design-build experience of the award-winning T.B. Penick & Sons, added Maureen McDonald, Vice President of Solarrus and General Manager for the Penick-SI joint venture.
This is a powerful team with extensive experience working with government entities, particularly school districts, which is well-positioned to provide government sector clients the much-needed savings without any capital investment.
Penick-SIs O&M expertise are fulfilled by True South Renewables, Inc., a wholly owned subsidiary of Solarrus.
