Juhl Energy, Inc. Announces Appointment of Ram Madugula as President of Power Engineers Collaborative, LLC
CHICAGO, May 5, 2014 /PRNewswire/ -- Juhl Energy, Inc. (OTCQB: JUHL), a leading provider of clean energy solutions and a leader in community wind power development, continues to build a strong and dynamic management team across its family of companies by announcing the appointment of Mr. Ram Madugula as president of Power Engineers Collaborative, LLC ("PEC").
Effective April 25, 2014, Mr. Madugula was appointed president of PEC and will be responsible for all facets of the company including business development, project execution, and overall company oversight.
Mr. Madugula brings with him over three decades of professional engineering experience in the Power Industry. Prior to joining PEC, Ram spent 30 ½ years at Sargent and Lundy where he was involved in all aspects of engineering to the power industry. Madugula has been responsible for design projects associated with combined cycle, biomass, coal, and IGCC technologies. The scope of work included engineering comprised of all disciplines (mechanical, structural, civil, electrical, instrumentation & controls), quality control, equipment procurement, cost control, and contract administration as well as experience with EPC (engineering, procurement and construction) and multi-contract projects. Madugula holds a Bachelor's degree in mechanical engineering from University of Illinois, Chicago, and a Master's degree in mechanical engineering from Illinois Institute of Technology. He is a registered Professional Engineer in five states and some of the provinces in Canada, and is the Past Chairman of the ASME Power Division.
"We are at a very unique juncture in the energy industry today and PEC is well positioned to support our clients with a myriad of technology solutions with our seasoned staff," stated Madugula.
"Ram is a tremendous addition to the Juhl Energy organization, and in particular, our PEC engineering division. Ram's talent, experience and knowledge will certainly strengthen our existing staff of experts and provide further benefits to the value propositions PEC provides to the power systems industry," added John Mitola, president of Juhl Energy, Inc. "With Ram's leadership, we expect to see ongoing year over year revenue growth in our engineering group."
Power Engineers Collaborative, LLC, a wholly-owned subsidiary of Juhl Energy, Inc. specializes in Power Industry Engineering services for a diverse client base. As a leader in the Power Industry, PEC will continue to focus on engineering and development services related to existing power plants, new power plants, central CHP (combined heat and power) plants, and renewable projects.
ABOUT JUHL ENERGY, INC.
Juhl Energy is an established leader in the renewable energy industry with a focus on competitive, clean energy solutions and community-based wind power development, ownership and management throughout the United States and Canada. Juhl Energy pioneered community-based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms in rural America. To date, the Company has completed 24 wind farm projects totaling 240 MW and provides operations management and oversight across the portfolio. Juhl Energy services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. Juhl Energy also provides a broad range of clean energy solutions.
Juhl Energy operates three primary business segments: renewable energy development, renewable power plant ownership, and energy and telecommunications services. Through its Juhl Energy Development Inc. (JEDI) subsidiary, the Company provides medium and large-scale wind, solar, and cogeneration energy development services. With its acquisitions of the Valley View, Winona County and Woodstock Hills wind farms; the Company now owns and operates 21.7 MWs of wind power through its renewable power subsidiary, Juhl Renewable Assets, Inc. (JRAI). Through its third subsidiary, Juhl Energy Services, Inc. (JESI), and its acquisition of Power Engineers Collaborative, Inc., the Company provides a full range of engineering services to the energy industry, building systems markets, and heavy industry. JESI also provides full sales and service to smaller, on-site wind and solar projects through its Juhl Renewable Energy Systems division. JESI leverages the Company's deep experience with wind towers to also provide cell and radio tower services through its Juhl Tower Services division. Juhl Energy is based in Pipestone, Minnesota and has offices in Chicago, Minneapolis, Madison and Milwaukee. Juhl Energy is traded on the OTCQB under the symbol 'JUHL'. Additional information is available at the Company's website at www.juhlenergy.com or by calling (507) 562-8090.
Juhl Energy Investor Relations
Phone: (888) 438-JUHL (5845)
Fax: (585) 486-1611
FORWARD LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Juhl Energy's current expectations about its future results, performance, prospects and opportunities. Juhl Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Juhl Energy and are subject to a number of risks, uncertainties and other factors that could cause Juhl Energy's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements and specifically those statements referring to any specific projects, prospective acquisitions and wind farm assets, and transactions mentioned herein. These risks may be described from time to time in Juhl Energy's subsequent SEC filings; and such factors as incorporated by reference.
SOURCE Juhl Energy, Inc.