jim hughes first solar
It enables higher capacity factors out of the utility-scale installations and it allows customers in the distributed setting to better manage the power that they generate within the distribution network. At this year’s EEI convention, you were on a panel of utility and solar company executives that estimated solar power would make up 8 percent to 15 percent of the electricity mix in 2025. In addition, while First Solar does not participate in the residential solar market, Hughes has argued that U.S. regulatory battles over distributed energy create uncertainty for the entire solar industry. John Seward. Mr. March 15, 2012 First Solar “Jim” Hughes joined FirstSolar in March 2012 as Chief Commercial Officer and was appointed Chief Executive Officer in May 2012. Why do you think that is? It didn't really have anything specifically to do with solar. There's concern that if the market shifts from a lease model to a purchase model, which appears to be happening, they can't maintain the same profitability. Corporate Governance. Competition drives innovation on all fronts. I think that's the type of program that we need to see. If you want to provide fast response, control and voltage support, that may be one technology. First Solar is a leading global provider of comprehensive photovoltaic (PV) solar energy solutions that are truly Taking Energy Forward. How do you see the market evolving with respect to these two types of solar projects? TEMPE, Ariz.--(BUSINESS WIRE)--First Solar, Inc. (NASDAQ: FSLR - News) today announced it has hired James Hughes as Chief Commercial Officer. Hughes was CEO of the Texas-headquartered thin-film solar manufacturer and project developer until the first quarter of this year, when he stepped down and was replaced as CEO by the company’s CFO, Mark R Widmar. The whole key to me is to focus on passing through what the true economics are. “We are grateful for Jim's many contributions to First Solar, and we look forward to benefiting from his continued involvement as an advisor and director.". FIRST SOLAR, INC. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. She is also the host and producer of the Political Climate podcast. “A rate structure that facilitates short-term economics and isn’t long-term sustainable for the grid, the economy and the system as a whole doesn’t create a sustainable industry -- it creates a train wreck,” said Hughes, speaking last month at the Edison Electric Institute’s (EEI) annual convention in Chicago. He is a Director of Alcoa Corporation, (NYSE – AA) which was spun out from Alcoa, Inc. in late 2016. It increases the flexibility of the grid and increases the ability of the grid to handle resources like solar. I believe the target for U.S. is 2018. To me, yes, if we can avoid unnecessary distribution investment through the strategic use of distributed generation, I think we should do that. If you want to provide emergency backup power to an office building, that may be an entirely different technology. GTM: First Solar has also been caught up in the stock turmoil. “Georges brings a depth of operational leadership experience that will help First Solar execute its strategy,” said Jim Hughes, First Solar CEO. Jim Hughes – First Solar, Inc. (NASDAQ:FSLR), Inc. – CEO Last year at this gathering, I indicated that while we wouldn’t necessarily do it every year, we would bring everybody together. Check out all of our energy storage resources, Unlocking Home Electrification With Heat Pumps. The errors bars on that are going to be large. Hughes: My view is that the solar industry needs to focus on more than just the demand charge. Tag Archives: Jim Hughes. On June 30, Jim Hughes stepped down as CEO of First Solar, a world-leading integrated solar power provider. Hughes: I don't think there's going to be a single dominant model. I think, broadly, you will see a mix of utility-scale and distributed generation (DG) -- if you define DG as 5 megawatts or fewer. What makes it a solid business? There are also international market shifts, questions about near-term growth, and investor concerns overshadowing the broader solar market that company leaders must contend with. Julia Pyper is a Senior Editor at Greentech Media covering the energy transition. First Solar’s leadership in renewable energy is a result of our deep expertise and nearly 15-year track record of manufacturing, developing, financing, engineering, constructing, and operating the world’s leading sources of sustainable, solar energy. It’s about providing customers with a meaningful choice. The residential solar sector is growing, but no one has demonstrated an ability to really create a truly profitable business within that segment. I don't think that's going to change anytime soon. Hughes: In terms of installed capacity, I think that you’ll see something like 60 percent utility-scale, 40 percent distributed. Jim Hughes – First Solar, Inc. (NASDAQ:FSLR), Inc. – CEO Last year at this gathering, I indicated that while we wouldn’t necessarily do it every year, we would bring everybody together. James Hughes to Join First Solar as Chief Commercial Officer. First Solar, Inc (NASDAQ:FSLR) Q1 2015 Earnings Conference Call April 30, 2015 05:00 AM ET Executives Steve Haymore - IR Jim Hughes - CEO Mark Widmar - CFO Analysts Ben Kallo - Robert W. Former First Solar CEO Jim Hughes has joined aqueous battery storage system maker Eos Energy Storage as chairman of its board of directors. We're in the big exchange-traded funds that cover the solar industry, so we tend to trade up and down with the industry as a whole. Mr. Hughes served as Chief Executive Officer and Managing Director of Prisma Energy Capital, a private entity focused on investments in energy storage, from December 2017 to July 2019. That was a company that got over-levered, left themselves exposed to the capital markets, capital markets went sideways and they ended up in a liquidity crisis. James A Hughes is President/CEO at Unity Bancorp Inc. See James A Hughes's compensation, career history, education, & memberships. Posted on August 9, 2013 by Ritesh Pothan. Hughes: To me it's all about getting structures that pass through the true economics, and then [adopting] whatever makes sense. At EEI you noted that an increasing number of utilities are likely to adopt demand rates. ... Jim Hughes' reason for leaving now. He is also a member of the Energy Advisory Board of the Dallas Federal Reserve Bank. 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