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Real Goods Solar Rebrands As RGS Energy

Stocks in this article: RSOL

LOUISVILLE, Colo., Jan. 22, 2014 (GLOBE NEWSWIRE) -- Real Goods Solar, Inc. (Nasdaq:RSOL), a nationwide leader of turnkey solar energy solutions, has changed its brand identity to RGS Energy.

RGS Energy Logo

"The change of our brand from Real Goods Solar to RGS Energy comes at a defining moment in our company's history and in the solar energy industry," said Kam Mofid, RGS Energy's CEO. "Solar is commanding a much larger share of global energy production, and here at home in the U.S., solar deployments have grown dramatically as well. It is indeed remarkable to see that total installations have grown nearly 500% since 2010 to over 4 gigawatts last year."

"In many ways we are still in the early stages of this energy revolution," said Mofid. "More and more American customers are seeking cost effective, clean sources of power and solar energy has answered the call. There are now over 10.2 gigawatts of cumulative solar electric capacity operating in the country. This is enough energy to power more than 1.7 million American homes."

Real Goods Solar has been one of the true pioneers in the solar energy industry, and sold some of the first photovoltaic panels to the public beginning in 1978. The company has pioneered residential and commercial solar power installation services, and its innovations have helped pave the way for more than 19,000 homeowners and businesses to take advantage of this 100% clean renewable energy source.

"Our recent acquisitions of Syndicated Solar and Mercury Energy have significantly expanded our nationwide presence in the rapidly growing solar sector," said Mofid. "As a responsive and an innovative clean energy provider, we have also developed deep capabilities and efficient and scalable processes in support of our growth strategies. These have dramatically improved our time-to-market while lowering customer acquisition costs. We have also started looking at the entire value chain and how we can better serve our customers. RGS Energy embodies the future strategic direction of our company."

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