DEERFIELD BEACH, FL, January 1, 2012 – Green States Energy, Inc. (GSE) announced that it has hired Stephen Clevett as Chief Executive Officer. Clevett has been a member of the Company’s Board of Directors since 2010. Founding CEO Jeffrey Lord will serve as President and Chief Operating Officer, while co-founder Dave Yakerson moves to Chief Technology Officer.

GSE Founder and President Jeff Lord said, “I am pleased that Steve has agreed to join our management team. His service as a Director has been exemplary, and he is exactly the right person to lead GSE as we begin the next phase of our growth.” Clevett recently served as the Chief Operating Officer of Premier Power Renewable Energy, Inc., a leading multinational solar PV integrator, where his responsibilities included executive management of the commercial business unit and the company’s project finance/PPA activities.

Mr. Clevett said, “I am honored to join the great team at Green States Energy. In light of GSE’s recent successes, it is clear to me that the company is ideally positioned to be highly successful and fast-growing, and that by expanding the management team we will ensure that success.”

Previously, Mr. Clevett served as President and Chief Executive Officer of the Optimira Energy Group a leading energy services company. Before joining Optimira, he held various positions within the Bechtel Enterprises Group; including director of corporate development at U.S. Generating Company, a leading developer and asset manager of utility scale fossil power plants. He holds an M.B.A. from Rutgers Graduate School of Management and a Bachelor of Engineering from Stevens Institute of Technology..

 

About Green States Energy

Headquartered in Short Hills, New Jersey, Green States Energy, Inc. is an Independent Power Producer (IPP) that acquires, develops, and operates clean electric generating plants the Americas and Europe. The Company currently owns 12 operating solar PV power plants in the U.S. with a total capacity of 20MW, and over 100MW under development, which includes solar PV, biomass, and cogeneration/CHP projects.

Certain statements in this press release are “forward-looking statements" within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, the Company’s ability to complete additional acquisitions and other factors. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this presentation.


Contact:
Joseph Duey
Chief Financial Officer
P: (704) 519-6723
jduey@greenstatesenergy.com