A start-up firm has received sufficient funding to begin production early next year of solar power inverters at a Moline-Martin Road building in Lake Township.
Norman Rapino, President and Chief Operating Officer of Nextronex Energy Systems, said the company has begun operations at the facility and already has plans for installing three inverters at the Ohio Air National Guard Base at Toledo Express Airport.
He projects the company could employ 15-20 workers by the end of 2010.
The company secured funding through the Rocket Ventures fund of the Regional Growth Partnership and University of Toledo Innovative Enterprise as well as local investors.
Inverter systems receive direct current from solar panels and change it to alternating current.
Nextronex literature says the company’s inverters are more cost-efficient than others on the market.
Rapino said Nextronex, rather than following the “bigger is better” trend of inverter manufacturing, instead focuses on energy maximization.
The inverter’s centric design saves about 18 percent on installation and wiring costs, he said, and the system produces a 5.5 percent higher output from the solar panel array under high and low light levels.
Mark Hummer, township police chief and administrator, said the company’s facility isn’t located in the Joint Economic Development District the township formed recently with the City of Toledo at the Metcalf air field.
The city owns the field and leases to the Toledo -Lucas County Port Authority.
Richard Welling, a township trustee, said talks between the company and township began nearly a year ago.
The company’s Website lists Peter Gerhardinger as the chief technology officer and James Olzak as the head of manufacturing and field service activities.
Rapino said two inverters will be sent to Underwriters Laboratories for certification.