Alan Hahn and Peter Fuller have founded solarX, a Mountain View, Calif.-headquartered solar energy company targeting commercial real estate owners.
According to the company, solarX was founded to end the solar stalemate between building owner and tenant and make solar energy profitable for the commercial real estate owner. By covering all capital expenses associated with deploying solar, solarX makes solar energy a no-cost investment that makes buildings more profitable, protects against massive utility company rate increases, creates a new revenue stream for building owners and provides renewable green energy for the tenants.
In addition, solarX will make use of a yet-to-be-disclosed solar technology. The business plan is based on Hahn's experience building the shared tenant services market and is similar to some power purchase agreements.