As the move toward reducing the carbon footprint proceeds, Barrington Power’s managers are keenly aware of the urgent needs in addressing climate change. Our goal is to do whatever we can to support renewable energy. That begins with solar electric power and quickly moves to distributive power, storage and sustainability.
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. The industry has experienced significant growth over the past ten years and has matured. However, solar electric generation only represents 1.5% of generated power in the United States. And yet the sun can and should be the dominate source of renewable energy.
Despite all of the publicity that is given to solar energy and the dramatic reduction in both equipment costs and installation, the field remains a difficult endeavor for development. Part of the reason is its complexity. In addition to esthetic issues, there are zoning problems, environmental concerns, access to distribution, tacit or open resistance to change, entrenched financial interests being challenged, intricate financial structuring, local restriction, NIMBY issues and partisan regulatory agencies.
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, both partners 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. 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. He has over 30 years of experience in small business development and adaptation of technology to the business environment. Likewise, his access to local municipalities and non-profit organizations has provided an impetus to Barrington Power’s primary market.
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. He has worked with local research institutions and farmers to develop creative applications of energy efficient and renewable equipment to small and large scale growing operations.
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.
David 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.