One evening at a party in 2008, Yuri Horwitz and his college track teammate, George Ashton, became immersed in a deep conversation about the inefficiencies in environmental and carbon markets. Several follow-on conversations turned to action as the two began working nights and weekends to build out a vision and viable business plan to make an impact.
Then, in May 2008, Yuri and George launched Sol Systems as a solar renewable energy credit (SREC) aggregator and market maker. Sol Systems’ headquarters were based in Yuri’s kitchen, where he made lunch for the firm’s first full-time employees each day.
Fast forward to May 2015, and Sol Systems has rocketed from a two-person SREC shop to a 50-person, full-service solar finance and investment firm paving the way for the industry’s commercial and small utility-scale sector. Today, the firm has offices in D.C., San Francisco, and Philadelphia, and has financed 200MW of clean, solar energy through a combination of project acquisitions, tax structured investments, debt, and SRECs.
The Sol team had much to celebrate and plan during our 7th anniversary this week. All 50 employees from across the country converged in Annapolis to celebrate the company’s seven-year journey, and plan for the next seven.
On Wednesday, May 13, the Sol Systems team kicked off the birthday at the Chesapeake Bay Foundation, a non-profit dedicated to saving the Chesapeake Bay. The team toured their headquarters, the Philip Merrill Environmental Center, a LEED platinum building. After lunch on the shore of the Bay, the Sol team headed to the marina for a sailing trip and birthday cake. As the voyage reached its midway point, Yuri and George shared inspiring words with the team, reflecting on the team’s journey and vision for the future.
Check out the evolution of the Sol Systems team throughout the years through these pictures.
ABOUT SOL SYSTEMS
Sol Systems is a solar energy finance and investment firm. The company has facilitated financing for 200MW solar projects on behalf of Fortune 100 corporations, insurance companies, utilities, banks, family offices, and individuals. Sol Systems provides secure, sustainable investment opportunities to investor clients, and sophisticated project financing solutions to developers. The company’s tailored financial services range from tax structured investments and project acquisition, to debt financing and SREC portfolio management. Inc. Magazine named Sol Systems on its annual Inc. 500 list of the nation’s fastest-growing private companies for a second consecutive year, ranking it No. 6 in the nation’s top solar companies in 2014. For more information, please visit www.solsystems.com.