In President Obama’s speech on clean energy and technology Monday, a local company got a big mention.
Barack Obama named PV Powered, a solar technology company right here in Bend, as part of his larger message on how investing in renewable energy will turn our economy around.
Before he was elected to the highest national office, and before he called The White House home, Senator Obama was hitting the campaign trail.
In a visit to Central Oregon last May, he visited PV Powered, one of the nation’s leading makers of solar energy equipment. The company makes solar inverters, which take power from solar panels, and convert it into usable energy.
In his speech from the White House, President Obama recalled visiting a Seattle company making schools and businesses more energy efficient, and a renewable electricity company in Las Vegas. Then, it was our turn.
“I visited another company, PV Powered,” Obama said. “A company developing more reliable solar technology in Bend, Oregon.”
PV Powered CEO. and Chairman Gregg Patterson said Tuesday that the national nod was very exciting.
“(The president) understands that we’ve got to shift gears, away from classic fossil fuels, and into a much more sustainable future,” Patterson said.
Obama is pledging an historic investment in energy technologies – $150 billion over the next 10 years.
A national report finds that for every government dollar spent on energy, it returns 40-fold into the economy, meaning these huge investments could put the country back on the road to lasting economic growth.
“Innovators like you are creating the jobs that will foster our recovery, and creating the technologies that will power our long-term prosperity,” the president said Monday.
Obama says investing in energy technologies will help double our country’s supply of renewable energy, kick our dependence on foreign oil, and create some 300,000 jobs in the areas of energy research and production.
“It’s said that necessity is the mother of invention,” the president said. “At this moment of necessity, we need you.”
With plans to expand, and potentially add new jobs later this year, PV Powered is ready.
“The confidence is high,” Patterson said. “I mean, you wouldn’t see all this construction and production happening if this market wasn’t ready to take off, and we’re seeing it already.”
The solar industry has grown an estimated 30 percent every year for the last seven years, and that trend is expected to continue for the next 20 years or more.
By Kelsey Watts, KTVZ.COM – http://www.ktvz.com/Global/story.asp?S=10065180