WASHINGTON and ALBANY, N.Y., Jan. 15, 2019 /PRNewswire/ -- Today, the Solar Energy Industries Association (SEIA) commended New York Governor Andrew Cuomo for his announcement that the state is doubling the NY Sun solar goal to 6 GW by 2025, extending the state's existing incentive program and launching a new round of large-scale solar awards. Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association:

"We commend Governor Cuomo for continuing to move New York ahead on solar energy. His plan to double the NY Sun goal and extend the incentive program will provide much needed certainty for the distributed solar market. Furthermore, the announcement of 16 new large-scale solar awards builds on the 22 solar projects selected last spring.

"Together, these groundbreaking investments in solar energy will create thousands of jobs, generate billions of dollars in investment, and bring clean and affordable energy to the residents of New York state.  We look forward to working with the Governor's Office and the Legislature to bring New Yorkers all the benefits that solar has to offer."

About SEIA®:

Celebrating its 45th anniversary in 2019, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry, which now employs more than 250,000 Americans. Through advocacy and education, SEIA® is building a strong solar industry to power America. SEIA works with its 1,000 member companies to build jobs and diversity, champion the use of cost-competitive solar in America, remove market barriers and educate the public on the benefits of solar energy. Visit SEIA online at www.seia.org.

SOURCE Solar Energy Industries Association

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NEW YORK, Jan. 15, 2019 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of GreenSky, Inc. ("GreenSky" or the "Company") (NASDAQ: GSKY).  GreenSky is a financial technology company that runs an online platform for processing loan applications at the point of sale. 

A class action complaint has been filed in the United States District Court for the Southern District of New York on behalf of investors who purchased GreenSky Class A common stock pursuant or traceable to the Company's Initial Public Offering ("IPO") that closed on or about May 29, 2018.  In the IPO, GreenSky sold 43.7 million shares of Class A common stock at $23 per share for gross proceeds of $874 million

According to the complaint, GreenSky has two principal sources of revenue:  (1) "transaction fees" that the Company receives upfront when a consumer secures a loan through the GreenSky platform and makes a purchase; and (2) recurring fees generated from banks over the lives of loans the Company facilitates.  Further, according to the complaint, transaction fees accounted for 87% of the Company's revenue in 2017.  The complaint also alleges that GreenSky typically charges a 14% fee to solar panel merchants compared to its average transaction fee of 7%.

On August 7, 2018, GreenSky announced its financial results for the second quarter ended June 30, 2018.  The press release indicated that the Company's transaction fees as a percentage of its total revenue had declined below the rate achieved in the second quarter of 2017.  According to the complaint, the Company acknowledged during the conference call to discuss its quarterly results that the rapid reduction in the transaction fee rate was attributable to the transition away from solar panel merchants and towards healthcare companies. On August 7, 2018, GreenSky's shares declined $2.32 per share, nearly 11%, to close at $18.91 per share.

Then, on November 6, 2018, in connection with reporting its third quarter financial results, GreenSky lowered its full year 2018 transaction volume guidance from between $5.1 and $5.3 billion to between $4.9 and $5.1 billion.  During the conference call to discuss its quarterly results, GreenSky's CEO and Chairman reportedly stated that "the transaction fee take rate is down about 70 basis points year-over-year, driven by the reduction in solar."  On November 6, 2018, GreenSky's shares declined by $5.38 per share, or 36.7%, to close at $9.28 per share.

The complaint alleges that the offering documents for the Company's IPO touted GreenSky's growth and financial performance while failing to disclose that (i) GreenSky was transitioning away from the solar power market in favor of the elective healthcare market, and (ii) the foreseeable negative effects on GreenSky's profits because of significant differences in transaction fees GreenSky charged to different classes of merchants.

If you are a member of the proposed Class, you may move the court no later than January 28, 2019 to serve as a lead plaintiff for the purported class.  You need not seek to become a lead plaintiff in order to share in any possible recovery.  If you would like to discuss the complaint or our investigation, please contact us by emailing This email address is being protected from spambots. You need JavaScript enabled to view it. or by calling 800-290-1952.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, the action, your rights, or your interests, please contact:

Jeffrey P. Campisi
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Laurence D. King
350 Sansome Street, Suite 400
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE Kaplan Fox & Kilsheimer LLP

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PITTSBURGH, Jan. 15, 2019 /PRNewswire/ -- An inventor from Pittsburgh, Pa., has developed the THREE-DIMENSIONAL TOTAL INTERNAL REFLECTION SOLAR CELL, a new type of photovoltaic power generation system. There is a U.S. patent on this invention.

"I was reading an article in a magazine, which spawned my idea. My idea makes solar energy more competitive by using the optics of the solar panel housing to improve energy collection," said the inventor. The THREE-DIMENSIONAL TOTAL INTERNAL REFLECTION SOLAR CELL represents a new type of solar power system design. It is of a photovoltaic energy-generating system that uses a form of light concentration and redirection done through optics. It utilizes a low-profile housing with both highly reflective surfaces and optical interfaces. This system offers greater output than a traditional planar arrays. It offers superior cost-effectiveness by maximizing solar cell efficiency, while minimizing energy loss. This system is adaptable for use in a variety of applications, including utility, commercial, and homestead.

The original design was submitted to the Pittsburgh sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 18-PIT-891, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.

SOURCE InventHelp

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DUBLIN, Jan 15, 2019 /PRNewswire/ --

The "Microgrid Control System Market by Grid-Type (On-Grid and Off-grid), Component (Hardware and Software), Ownership (Private and Public), End-User (Utilities, Campuses and institutions, Commercial, and Industrial), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The microgrid control system market is projected to reach USD 3.6 billion by 2023, from an estimated USD 2.0 billion in 2018 at a CAGR of 13.01%.

This growth can be attributed to the increasing demand for reliable and secure power supply worldwide and increasing government investments in microgrid projects and growing adoption of renewable resources. However, governmental laws and regulations and high installation and maintenance cost of the microgrid control system can hinder the growth of the market.

A microgrid control system plays a crucial role in enabling the integration and use of renewable power such as rooftop solar and wind, reducing costs, and enhancing system resilience. There is a growing demand for microgrid control systems in the market as they enhance power reliability for users owing to redundant distribution, smart switches, intelligence and automation, local power generation, and the ability to disconnect/island the microgrid from the macrogrid. This also helps eliminate or substantially minimize blackouts and power disturbances.

Moreover, rising clean energy projects and high emphasis on reducing carbon emissions and advancement in IoT, as well as communication technologies and growing adoption of renewable energy sources, are some of the major drivers of the microgrid control system market. Microgrid control system caters to various verticals such as educational campuses and institutes, commercial and industrial, military, healthcare, utilities, electric vehicles, and data centers.

The microgrid control system market is segmented on the basis of grid type, component, ownership, end user, and region. The study covers the key regions of North America, Asia Pacific, Europe, South America, and the Middle East & Africa. Asia Pacific is expected to hold the largest market share during the forecast period. According to the Asian Development Bank, Indonesia aims to achieve 90% electrification rate by 2025, with countries such as the Philippines and Malaysia having similar plans.

Therefore, growing energy demand, power generation capacity additions, increasing investments in the electrification projects, and increasing emphasis on renewable energy generation are the major factors driving the microgrid control system market in the Asia Pacific region. Countries such as China, Japan, and India are investing in grid expansion projects to increase the distribution of grid reliability.

Major factors driving the growth of the microgrid control system market include increasing government investments in microgrid projects and increasing demand for reliable and secure power supply worldwide. Legal and regulatory uncertainty could act as a restraint for the growth of the microgrid control system market.

The major players in the microgrid control system market are

  • ABB
  • Eaton Corporation
  • Emerson
  • Etap
  • General Electric
  • Ontech Electric Corporation
  • Powersecure, Inc.
  • RT Soft
  • S&C Electric Company
  • Schneider Electric
  • Schweitzer Engineering Laboratories (Sel)
  • Siemens
  • Spirae
  • Woodward, Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Microgrid Control System Market, 2018-2023
4.2 Microgrid Control System, By Grid Type
4.3 Microgrid Control System Market, By Ownership
4.4 Microgrid Control System, By Component
4.5 Microgrid Control System Market, By End-User
4.6 Asia Pacific Microgrid Control System Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Increasing Demand for Reliable and Secure Power Supply Worldwide Increasing Government Investments in Microgrid Projects Growing Adoption of Renewable Energy Sources
5.2.2 Restraints Governmental Laws and Regulation Uncertainty High Installation and Maintenance Cost of the Microgrid Control System
5.2.3 Opportunities Rising Electrification Projects Advancement in Iot as Well as Communication Technologies
5.2.4 Challenges Cyber Security Issues

6 Microgrid Control System Market, By Ownership
6.1 Introduction
6.2 Public
6.3 Private

7 Microgrid Control System Market, Grid Type
7.1 Introduction
7.2 On-Grid
7.3 Off-Grid

8 Microgrid Control System Market, By Component
8.1 Introduction
8.2 Hardware
8.3 Software

9 Microgrid Control System Market, By End-User
9.1 Introduction
9.2 Utilities
9.3 Campuses & Institutions
9.4 Commercial & Industrial
9.5 Others

10 Microgrid Control System Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 By Grid Type
10.2.2 By Component
10.2.3 By Ownership
10.2.4 By End-User
10.2.5 By Country China Increasing Investment in Grid Expansion India Rising Investments in Energy-Efficiency Services Japan Reducing Power Dependence From Nuclear Sources After Fukushima Incident and Increased Demand for Grid Infrastructure to Connect Renewables to the Grid Australia Increasing Renewable Power Generation and Focus on Improving Energy Efficiency Rest of Asia Pacific
10.3 Europe
10.3.1 By Grid Type
10.3.2 By Component
10.3.3 By Ownership
10.3.4 By Grid Type
10.3.5 By Country Russia Increasing Focus on Clean Energy Production and Rising Government Incentives in the Energy Sector Germany Highest Electric Vehicle Seller in the Industrial Sector Which Creates Opportunities for More Deployment of A Microgrid Control System UK Feed-In Tariff With A Contract for Difference to Encourage Renewable Electricity Generation for Large-Scale Installations France Reducing Power Dependence From Nuclear Sources and Increased Demand for Grid Infrastructure to Connect to Distributed Generation Resources78 Rest of Europe
10.4 North America
10.4.1 By Grid Type
10.4.2 By Component
10.4.3 By Ownership
10.4.4 By End-User
10.4.5 By Country US Increasing Investments for Replacing and Refurbishing the Aged Electric Infrastructure Canada Huge Investments in Renewable Energy and Replacement of Aging Power Equipment Mexico Increased Focus to Reduce Greenhouse Gas Emissions
10.5 South America
10.5.1 By Grid Type
10.5.2 By Component
10.5.3 By Ownership
10.5.4 By End-User
10.5.5 By Country Brazil Increasing Dependence on the Hydroelectric Power Source, Driving the Demand for Microgrid Control Systems Argentina Increased Focus on Power Generation From Sources Such as Wind, Solar, Biomass, Biogas, and Small-Scale Hydro Rest of South America
10.6 Middle East & Africa
10.6.1 By Component
10.6.2 By Ownership
10.6.3 By End-User
10.6.4 By Country Saudi Arabia Increased Investment in Power Generation Projects and Focus on Altering Its Power Generation Mix to Preserve Its Oil Exports South Africa Government Focusing on Reducing Carbon Dioxide Emissions as Well as Its Dependency on Coal for Poer Generation Nigeria Significant Investments in Off-Grid Electricity Generation Drive the Microgrid Control System Market Rest of the Middle East & Africa

11 Competitive Landscape
11.1 Overview
11.2 Ranking of Players and Industry Concentration, 2017
11.3 Competitive Scenario
11.3.1 Mergers & Acquisitions
11.3.2 Contracts & Agreements
11.3.3 New Product Developments
11.3.4 Investments & Expansions
11.3.5 Mergers & Acquisitions
11.3.6 Others

12 Company Benchmarking
12.1 ABB
12.2 General Electric
12.3 Siemens
12.4 Eaton Corporation
12.5 Emerson
12.6 Schneider Electric
12.7 Spirae
12.8 Schweitzer Engineering Laboratories (Sel)
12.9 Etap
12.1 S&C Electric Company
12.11 Woodward, Inc.
12.12 Powersecure, Inc.
12.13 Rt Soft
12.14 Ontech Electric Corporation

For more information about this report visit https://www.researchandmarkets.com/research/c4vcc7/global_microgrid?w=5

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets

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