RGS Energy has entered into a partnership agreement with Revere Plastic Systems, an injection molder, to bolster its POWERHOUSE supply chain to meet increasing customer demand. RGS previously announced it was transitioning away from traditional solar installs to focus on solar shingles sales after becoming an exclusive manufacturer of Dow’s POWERHOUSE solar shingles.
Revere Plastic Systems has agreed to dedicate resources required to support up to $138 million in estimated annual POWERHOUSE revenue.
“Having met with the RGS team, seeing the POWERHOUSE product firsthand, and understanding the huge market potential, we are delighted that RGS has asked us to dedicate resources, so that POWERHOUSE can be launched to achieve first-mover advantage in the solar shingle marketplace,” said Glen Fish, Revere Plastic Systems CEO. “We believe our financial strength and reputation will enhance the POWERHOUSE supply chain. Beyond that, we believe as the POWERHOUSE line evolves, our design and engineering expertise will prove to be valuable at reducing cost and enhancing product features.”
“We are quite pleased customer reservations now exceed $36 million, as we have averaged over $570,000 a day in new written reservations since our last announcement,” said Dennis Lacey, RGS Energy CEO. “To meet growing demand, we required an additional plastic molding manufacturer. As we work towards UL certification in September, our supply chain partners are taking the necessary steps to be able to quickly manufacture POWERHOUSE immediately following UL certification. We are very happy that a firm of Revere’s reputation and size, with over 230 injection molding presses, has chosen to join our team.”
News item from RGS Energy