Helio Micro Utility, Inc. (Helio mU), a wholly owned subsidiary of the HelioGroup, announced today the appointment of Gregory Rosen to the newly created post of Vice President, Project Finance. The HelioGroup, an integrated renewable energy management company, also includes solar system integrator HelioPower as well as HelioEMS, an energy management solutions provider.

Mr. Rosen will be responsible for securing and managing the financing of residential, commercial and public sector photovoltaic projects.

"We are thrilled to welcome Greg to our company," said Mr. Rogoff, the CEO of the HelioGroup. "Greg's expertise and experience will be extremely valuable to the expansion of Helio mU, and he will be instrumental in leading the rollout of new financial products designed to enable our customers to meet their renewable energy goals."

Gregory Rosen is an eight-year veteran of the renewable energy field. Prior to joining Helio mU, Mr. Rosen was most recently a Director of Structured Finance for SunPower Corporation, a multinational leader in solar electric systems. In this position, he arranged and financed dozens of multi-megawatt equipment sales and Power Purchase Agreements (PPAs) for Fortune 500 companies and government entities, including the largest photovoltaic (PV) system in North America (15MW) at Nellis Air Force Base in Nevada.

"I'm excited to join Helio mU, and I look forward to expanding the list of large scale projects we finance, while suitably modifying the financing mechanics and risk mitigation techniques used for such projects for small and mid-size companies as well as residential customers." said Mr. Rosen.

In prior years at PowerLight and SunPower, in addition to his financing duties, Mr. Rosen served as a lead developer for several projects including the 0.7 MW City of San Francisco Moscone Center project and the 1.1 MW Alameda County Jail project. He has also developed and managed regulated and voluntary-market Solar Renewable Energy Certificate (REC) portfolios.

Previously, Mr. Rosen worked in investment banking and as an environmental advocate at the League of Conservation Voters in Washington, DC. Mr. Rosen holds a Masters Degree in resource optimization from the University of Pennsylvania.

About The HelioGroup: The HelioGroup was formed this year after HelioPower Inc., a California-based leader in engineered solar energy installations, was acquired in June by Sierra Nevada Partners. In addition to HelioPower, The HelioGroup portfolio of companies also includes HelioEMS, engineered renewable energy management systems and energy audits for residential and commercial applications and Helio mU, innovative financial products engineered for a wide range of sustainable energy systems.

About Helio Micro Utility: Helio mU, the independent financing arm of the HelioGroup, offers innovative renewable energy financial products engineered for a wide range of solar system solutions to meet the growing demands of the solar energy market. The company can be reached at http://www.heliomu.com/.

About HelioPower: HelioPower is an industry leader in engineered, custom solar solutions, which harness the energy of the sun for residential, commercial and public sector solar systems. Led by a team of seasoned engineers, solar panel installations are conducted throughout California from offices in Murrieta and Sacramento. HelioPower implements solar power systems engineered from today's sustainable energy technology, including photovoltaic panels for the generation of electricity and solar heating systems for water. To reach HelioPower call toll free 1 866 765 2755 or log onto http://www.heliopower.com/.

Wed Dec 19 09:25:00 CST 2007