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Former Top U.S. Diplomat in China Joins 247Solar Management Team

247Solar Inc., developers of the breakthrough 247Solar Plant™, today welcomed to its management team David Rank, a 27-year veteran of the U.S. State Department’s Foreign Service, in the role of Senior Policy AdvisortMr. Rank’s career included six assignments in greater China including, most recently, acting Ambassador at the U.S. Embassy in Beijing.

Mr. Rank brings to the new role as 247 Solar’s Senior Policy Advisor decades of problem-solving experience in China and around the world. “With his vast trove of contacts, David will be instrumental in helping us commercialize 247Solar Plants both in China and across the globe,” says 247 Solar CEO Bruce N. Anderson.

“David shares 247Solar’s commitment to integrity and to a cleaner, more sustainable future,” says Anderson. “His involvement with our company is truly an honor.”

Earlier this year, four days after President Donald Trump announced his intention to withdraw the United States from the Paris climate agreement, Mr. Rank gained national attention when he resigned from the US Foreign Service after a 27-year career, citing the president’s decision. A recent PBS NewsHour interview with Mr. Rank can be viewed at: https://www.pbs.org/newshour/show/trumps-paris-decision-drove-top-u-s-diplomat-china-quit

Rank’s full biography is available at http://www.chinafile.com/contributors/david-rank.

About 247Solar Inc.

247Solar, Inc. was formed in 2015 by solar industry pioneer Bruce Anderson to commercialize the 247Solar Plant™, invented by Wilson Solarpower Corp., a spinoff of MIT, and developed with funding support from the US Department of Energy. The company has signed agreements to develop and deploy its technology in China and South Africa, and is in advanced negotiations with companies throughout the world, including India, Northern Africa and the UAE. For more information see www.247Solar.com

About 247Solar Plants™:

The 247Solar Plant™ is a game-changing system for firmly-dispatchable, 24/7 power generation and energy storage using concentrated solar power (CSP) technology. It has the potential to produce electricity competitively, without subsidies, with virtually all other new power generation facilities, including fossil, nuclear, or renewable resources.

The technology was originated at MIT, and the US Department of Energy provided funding to develop it with the help of the German Aerospace Center (DLR), WorleyParsons, Fraunhofer Institute, and Saint Gobain.

The 247Solar Plant converts sunlight to heat, which powers turbines to produce electricity. Its proprietary storage system stores energy as heat at a fraction of the cost of batteries, enabling un-interrupted operation. It operates at atmospheric pressure and uses no water/steam, oils or molten salts for reduced complexity, lower cost and minimal environmental impact.

247Solar Plants are quickly assembled and easy to maintain, employing pre-engineered, standardized modules that have few moving parts and use mostly commercially-proven components. Each 247Solar Plant requires as little as 4 acres (16,000 square meters). They can be deployed as a single, off-grid system of 400 kilowatts plus useful process heat, or as large utility-scale farms. 247Solar Plants can be built on uneven ground and have no known environmental drawbacks.

Less expensive to build per kWh than PV, 247Solar Plants can generate electricity as needed, regardless of weather, and improve grid performance by responding instantly to fluctuating power demand. Use of multiple redundant plants in larger systems guarantees 100% uptime. Co-location with PV and wind farms can convert entire facilities from intermittent output to reliable power 24/7/365.

For more information, please contact:

Bruce N. Anderson, CEO
617-290-9913
Bruce.Anderson@24solar.com