SUMMIT, N.J., June 28, 2016 /PRNewswire/ — Nautilus Solar Energy, LLC, a leading national solar project development and asset management company recently announced the appointment of Mr. Jeffrey Cheng as Chief Operating Officer. Mr. Cheng joins the Nautilus executive team from Stion Energy Services, the development arm of Stion Corporation, where he most recently served as its Chief Executive Officer.
In his new role, Mr. Cheng will oversee Nautilus’s overall business development initiatives, work closely with the executive team and the Board of Directors on market positioning/strategy and be responsible for the alignment and prioritization of the company’s day to day operations and growth.
Prior to joining Nautilus, Mr. Cheng formed Stion Energy Services where he led the company’s expansion into turnkey large commercial-scale project deployments and utility-direct solar developments. Mr. Cheng oversaw all aspects of the business including design, engineering, construction, financing, project management, and O&M. Before joining Stion, he was the Managing Director of Project Finance at Regenesis Power, a private solar developer focused on municipal and utility scale projects. Prior to the solar industry, Mr. Cheng was a technology industry executive and a senior technology investment banker at Piper Jaffray.
“Jeff comes to us with a solid background where he’s run businesses and deployed a multitude of solar projects. He is uniquely qualified to drive our expansion here at Nautilus. With deep experience and domain knowledge in a combination of project financing, operations, and overall the solar industry, Jeff is a perfect fit for our organization and we are excited that he is joining our expanding platform” said Jim Rice, CEO of Nautilus Solar Energy.
“With strong financial backing from Virgo Investments and a long history of success within the solar industry, the Nautilus platform is well-positioned for growth in the solar marketplace. I’m excited about the many opportunities that lay in front of us,” commented Mr. Cheng. “It’s also invigorating to work closely with the Nautilus executive team whom I’ve had the privilege to know and work with for almost a decade,” said Mr. Cheng.
Mr. Cheng graduated Beta Gamma Sigma from the University of Southern California; holds a Juris Doctor from Loyola Law School and is a member of the New York State Bar.
About Nautilus Solar Energy, LLC
Founded in 2006, Nautilus Solar Energy, headquartered in Summit, N.J. is a leading national solar development and asset management company. Nautilus focuses on developing, acquiring, executing and managing distributed and utility-scale generation solar projects throughout North America. Over its 10 yr. history, Nautilus has invested in over 100+ MW of solar projects located in the United States and Canada. Nautilus is minority owned by Virgo Investment Group LLC. Join Nautilus on LinkedIn and Twitter and visit www.nautilussolar.com for more information.