Petra Solar Selected By AlwaysOn as a GoingGreen Global 200 Winner

Recognized for creating new opportunities in green technology

(South Plainfield, NJ – September 22, 2011) Petra Solar, a NJ based technology company committed to advancing global production of renewable energy, helping the electric supply industry develop a smarter and more stable electric grid, and creating jobs in clean energy, today announced that it has been chosen by AlwaysOn as one of the GoingGreen Global 200 winners. Inclusion in the GoingGreen Global 200 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. Petra Solar was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.

Petra Solar and the GoingGreen Global 200 companies will be honored at AlwaysOn’s GoingGreen Silicon Valley event on September 27th, 2011, at San Francisco City Hall in San Francisco, CA. This two-and-a-half-day executive event features CEO presentations and high-level debates on the most promising emerging green technologies and new entrepreneurial opportunities.

“Picking this year’s GoingGreen Global 200 was a very competitive process, as literally dozens of great greentech companies are emerging out of the pack, raising big money, and gaining significant market traction,” says Tony Perkins, founder and editor of AlwaysOn. “This year’s winners clearly represent some of the highest-growth opportunities we’ve seen in the private company marketplace and underscore that many of the greentech sectors VCs have been betting on are booming.”

The GoingGreen Global 200 winners were selected from among thousands of domestic and international greentech technology companies nominated by investors, bankers, journalists, and greentech industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2011 list.

Petra Solar sees integration of solar and smart grid technology as a driving requirement for future solar initiatives. With the advent of higher penetrations of renewable energy, electric vehicles and other technology that places a demand on the electric grid, utilities will increasingly focus on enabling smart grid solutions that will facilitate grid reliability and stability. Petra Solar’s vision is to combine solar, smart grid, energy storage, and demand response technologies to enable solar deployments to be treated as “Virtual Power Plants” that behave, from a utility’s perspective, just like any power plant.

“We are grateful for this award from AlwaysOn that recognizes companies that are pushing the greentech community forward into tomorrow's clean world,” said Dr. Shihab Kuran, President and CEO of Petra Solar. “For decades, the approach to harnessing the power of the sun has been to install large solar arrays. Our SunWave™ system, a cost effective alternative, installs on existing assets and attaches to existing lines, feeding renewable energy directly into the electric grid without need for new sites or transmission, while also serving as intelligent units that communicate with each other and with the grid to build a smart grid infrastructure.”

A full list of all the GoingGreen Global 200 winners can be found on the AlwaysOn website at:
http://www.aonetwork.com/AOStory/Announcing-2011-GoingGreen-Global-200-Top-Private-Companies

About Petra Solar:
Petra Solar, founded in 2006 by CEO and President Dr. Kuran, has pioneered new technology that combines distributed solar energy generation with Smart Grid communications and improved grid reliability features to create a utility grade solution that delivers the highest economic value for solar power. Petra Solar’s innovative SunWave™ system provides distributed clean energy that ties directly into the electric grid, and does not require an upgrade to either the current transmission or distribution infrastructure, eliminating grid interconnection issues faced by traditional solar systems. One of the key advantages of the Petra Solar solution is its flexible grid integration architecture that enables installation on existing assets that can hold one or more solar modules such as utility and streetlight poles, rooftops, and other available structures. In addition, the SunWave distributed solar and Smart Grid technology prevents instabilities caused by intermittent renewable energy sources, which enables utilities to maintain high power quality for electric customers as solar deployment growth accelerates. Petra Solar's success is the culmination of more than 18 years of research and development. For more information about Petra Solar visit www.petrasolar.com.

About AlwaysOn:
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn’s preeminent executive event series includes the Silicon Valley Innovation Summit, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, OnMobile, and GoingGreen Silicon Valley. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.

For more information:
Mary Grikas
Vice President Communications, Petra Solar
Phone: 732.429.3908
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it