AlsoEnergy, Main Street Power, Morgan Stanley Partner to Commercialize Global Solar Projects

BOULDER, Colo., April 29, 2011 /PRNewswire/ -- AlsoEnergy today announced that its software and solutions products will serve as the monitoring and billing technology platform for international solar power projects developed, financed and operated by Main Street Power, the nation's fastest-growing solar developer, and Morgan Stanley, one of the world's largest financial institutions.

The latest project, dedicated on Earth Day by Colorado Gov. John Hickenlooper at the San Carlos Correctional Facility in Pueblo, is a 390 kW distributed solar photovoltaic installation on four state correctional facilities.

"This project helps further position Colorado as the nation's clean energy leader," said Hickenlooper. "It also shows the value of creative thinking and collaboration to promote renewable energy, cut red tape and create jobs."

AlsoEnergy has installed its monitoring and billing platform on more than 3.5 MW at over 50 solar projects developed by Main Street Power and financed by Morgan Stanley. The projects are located across the United States and Canada and include K-12 schools, colleges, and municipal and state government facilities.

"AlsoEnergy is the key to managing assets for the solar projects we're developing around the world," said Jonathan W. Postal, Main Street Power senior vice president of business development. "This partnership is leading the solar industry toward commercialization, and toward the greater goal of achieving triple bottom line business performance defined by environmental stewardship, social responsibility and solid economic metrics."

"We're proud to be a part of this international partnership with our web-based PowerTrack™ performance monitoring and financial tracking software and PowerLobby™ kiosk display systems," said AlsoEnergy CEO Robert Schaefer. "AlsoEnergy's mission-critical, real-time monitoring technology helps make it possible to deliver cost-competitive solar energy in the march toward electric power grid parity."

"We are pleased to be part of this innovative partnership," said Martin Mobley, vice president of MS Solar Solutions at Morgan Stanley. "This partnership will help distribute solar power in a way that makes business sense."

About AlsoEnergy

Based in Boulder, AlsoEnergy provides the most comprehensive energy monitoring and financial management software solutions for renewable energy developers, distributors and investors who are establishing today's clean-tech industry standards and best practices. From residential and government to commercial and utility grade applications, AlsoEnergy's technology platform increases business results with online access to critical cost and consumption data. With the industry's only complete client-customized web application, AlsoEnergy's unique architecture and price point optimization reduce risk, improve energy supply chain transparency, reduce real-time electricity demand, and bring strategic vision to energy portfolio administration and the global clean-tech marketplace. For information, visit www.AlsoEnergy.com.

SOURCE AlsoEnergy