Ted Turner Launches New Clean Energy Business Venture
Posted on: Wednesday, 10 January 2007, 18:00 CST
ATLANTA, Jan. 10 /PRNewswire/ -- Ted Turner today announced the launch of a new business venture to provide clean power solutions. Turner will partner with Dome-Tech Solar, a leading solar energy developer, based in Branchburg, New Jersey to create DT Solar, a Turner renewable energy company. DT Solar will initially focus on providing on-site solar electric power systems for commercial and industrial clients, as well as developing larger, utility-scale solar power plants in the southwestern United States.
"Our future depends on changing the way we use energy," said Turner. "We've got to move away from fossil fuels and develop long-term energy solutions that work. Using clean energy technologies, such as solar power, is the right thing to do, and it represents a tremendous business opportunity."
The new Turner renewable energy company, DT Solar, will build off of the recent success of Dome-Tech Solar, a fast-growing top-tier provider of commercial and industrial solar power systems. The company plans for immediate expansion into several U.S. markets, including California, which has recently launched a $3 billion, ten-year program to increase the use of solar power in the state.
"We are delighted to partner with a business leader of Ted Turner's caliber,'' said Tom Kuster, DT Solar's CEO. "Ted has a passion for protecting the environment, an incredible vision and a proven ability to build a successful business enterprise. We look forward to working with him to bring clean and renewable energy solutions to a broad spectrum of energy users in the U.S. as well as globally."
Ted Turner is chairman of the United Nations Foundation, the Turner Foundation, and co-chairman of the Nuclear Threat Initiative (co-chaired with Senator Sam Nunn). He is also chairman of Turner Enterprises Inc., which oversees Turner's two million acres of private landholdings in 14 western states, as well as his 40,000-head bison herd. In addition, Turner co-founded the restaurant chain Ted's Montana Grill. Turner is most known as the visionary behind such cable networks as CNN, TBS, TNT and the Cartoon Network. Turner is the recipient of numerous civic and industry awards and honors, including being named Time Magazine's 1991 Man of the Year.
Dome-Tech Solar develops and builds large-scale solar energy systems for commercial, industrial and institutional clients. It was founded in 2003 and has rapidly grown into one of the nation's largest developers of on-site solar power generation. To learn more about the company, visit http://dtsolar.com/.
Turner Enterprises, Inc.
CONTACT: Phillip Evans, VP/Chief Communications Officer,+1-404-522-5260, or Elena Cizmaric, Communications Specialist,+1-404-878-5567, both of Turner Enterprises, Inc.
Web site: http://www.tedturner.com/http://www.unfoundation.org/http://dtsolar.com/
Source: PRNewswire
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