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New Indiana Solar PV Manufacturer Clears Another Hurdle; Production to start in 2011 in Columbus, IN December 8, 2010

Posted by Laura Arnold in Uncategorized.
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Editor’s Note: NuSUN, Inc.  is a member of Indiana Distributed Energy Advocates (IDEA). IDEA extends a big CONGRATULATIONS to Ryan Stout and his newest renewable energy venture. Laura Ann Arnold

The Republic – Solar panel maker to bring 240 jobs. This is the link to the newspaper story in the Columbus, Indiana newspaper, The Republic.

COLUMBUS — A solar panel maker plans to create 240 jobs in Columbus and invest $8.9 million to bring manufacturing operations to an existing facility in Woodside South Industrial Park.

NuSun Inc., based in Yorktown, near Muncie, also plans to move its headquarters to Columbus, said founder and chief executive officer Ryan Stout.

City officials said that some grants have yet to be obtained and some agreements yet to be reached before the startup company can move into the industrial park.

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The Columbus City Council adopted a resolution during its council meeting 12/7/2010 to submit an application to the Indiana Office of Community and Rural Affairs to provide financial support for the new manufacturing venture.

A fact sheet from the company states:

NUSUN, Inc. to be headquartered in Columbus, Indiana is a manufacturing company that will build and assemble “Made in USA” next generation nano coated crystalline silicon photovoltaic panels for the United States and International markets.

The company was incorporated in 2009 to serve as the manufacturing arm for Greenworks Energy, an established renewable energy products distribution, installation and renewable energy education company. NUSUN is currently owned and operated by Founder, Ryan Stout, who along with other company officers have over 40 years of experience reselling, installing and distributing within the energy industry.

Recognizing the demand for US manufactured solar panels through a supportive political and business climate combined with the unpredictable nature of product quality and supply chain from Asia, NUSUN has positioned itself to be a leading manufacturer of low-cost, high quality photovoltaic panels.

The NUSUN facility plans to start producing 25 MW of solar panels from the Columbus, IN, location. The company has already built relationships with established OEM cell suppliers in Asia and Europe to purchase the solar cells at attractive pricing through predictable long-term supply contracts. Furthermore, NUSUN is also working with high technology American tool suppliers such as Heliux Technology Inc. based in Santa Clara, CA, to provide them with a semi-automated turnkey production line to build low cost, high yield solar panels in the US.

NUSUN will purchase a manufacturing facility that is located at Woodside South Industrial Complex in Columbus, IN. It is a 12,500 sq ft facility with upgrades to be performed to increase it to a 16k-20k sq ft clean manufacturing environment to enable housing and operation of all panel assembly equipment including shipping, receiving and inventory. NUSUN plans for building modifications and construction to be completed by Q1 of 2011. All production equipment to be installed and commissioned by the middle of Q2 of 2011 and plans for commercial production to commence by the end of Q2 of 2011.

For additional information:

Ryan Stout, Founder and CEO

rstout@nusunsolar.com

(317) 826-0000

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