As the move toward reducing the carbon footprint proceeds, Barrington Power’s managers are keenly aware of the increasing complexity that has accompanied it.
When the American Recovery and Reinvestment Act was passed in 2009 the availability of both tax credits and grants established a mad rush into the solar field. While the industry has experienced significant growth it has also been accompanied by less than professional behavior on the part of some of its players, pushback from communities offended by the lack of sensitivity to property rights, traditional land use, esthetics, and environmental impact. Competing energy vendors have created public policy uncertainty with the use of spurious claims. Local and state taxing authorities have attempted to over burden this emerging technology. Regulators have dramatically slowed project approvals while being intimidated by contentious elements of the public. Politicians have introduced polarizing approaches to climate change and the technology needed to combat it. These circumstances have not only slowed progress in the technology’s implementation but have added costs, delays and impediments
What started as a fairly simple process has quickly become a quagmire that requires a mature, patient and persistent approach. Barrington Power has several specific benefits in this environment. First, Jack and Dave are extremely competent in their respective fields and can be persuasive in defending both projects and project funding. Second, because they outsource the various skills required for planning, permitting, procurement, installation and operations, their overhead is scandalously low. Finally, they are mission driven which means this business is not all about greed. Both believe it is imperative that renewable energy become the dominant source for the future and are willing to put in the time and focus required to thread through the issues and obstructions which are a part of life in this field.
A client can find no better advocates, no better creative force, no better funding partner, no better operators than these professionals.
Jack Bingham is a serial tech early adopter. As a commercial photographer for 20 years he developed a skill for problem solving and an appetite for cutting edge solutions. Switching from film to digital early in the revolution was highly technical and fraught with stumbling blocks but being ahead of the curve was the place to be. From helping develop a digital radio triggering system for clients like National Geographic, the NBA, Sports Illustrated and thousands of other photographers, to the design and implementation of a computer monitor color management system used by the largest commercial printer in the world, Quad Graphics, Jack has always been on the cutting edge of technology.
Throughout his career, the hallmark of Jack’s many and varied undertakings has been his talent for problem-solving in complicated industrial situations. This, coupled with vision and a willingness to explore technical challenges, made him uniquely suited to his new career in solar and other renewable energy systems. He began in 2007 as CEO of Seacoast Energy Alternatives, a residential retail renewable energy company. He went on to co-found Barrington Power, offering small and medium-sized organizations—industrial, municipal and residential— affordable access to renewable energy. Jack is in charge of all aspects of the projects, performing site evaluations, preparing quotations and design specs for solar hot water and electrical systems, battery storage, and heating and cooling technologies specifically designed for each installation. And as with his other endeavors, Jack realized that, although he understood the principles of solar power, he did not have the financial background or expertise crucial to this new project. Introducing David Russell.
David Russell brings to Barrington Power more than 40 years’ experience in the securities industry in sales, trading and management and as an investment banker. David’s focus is on the financial structuring—often involving highly complex legal and funding constructs—of renewable energy projects. He is adept at negotiation, feasibility, financial marketing, bank and investor financing and accounting. David has been involved in alternative energy initiatives since 1979, and recently served as CEO of Energy Solutions Group, a diversified renewable energy company.
Dave specializes in helping clients understand and take advantage of the funding opportunities afforded by the state and federal governments as well as by non-profit grant giving organizations. At the same time he works with banks, government agencies and investors to secure funds and satisfy funding requirements, lawyers and accountants to determine the efficacy and integrity of the company’s funding strategy and local municipal and state taxing authorities to manage those relationships.