The firm was founded in October 2005 by Dr. Parker with co-founders Dr. Brubaker and Mico Perales. Its was established as Ubiquitous Technologies, a technology development business headquartered in Victoria, Texas. Its vision was and still is to be a leading green solutions provider.
To improve its financial position, 510nano signed a debt placement financing agreement with Meridian Hill Advisors LLC and safe harbored 3.5 MW of panels for 20 MW of solar farms in North Carolina. Additionally, the firm secured four, investment grade Power Purchase Agreements.
510nano filed non-provisional patent on a new hybrid solar technology.
Finally, 510nano won $100K in a USDA grant in collaboration with Sun Farmers Institute and Sociometrics.
The second video of the conference by 510nano.
510nano advanced its power plant business by establishing Silicon Valley Solar (SVS) to grow its West Coast operations. SVS completed a 121 kW solar farm in and for electricity sales for Los Gatos, CA. Additionally, the firm broke ground on 510REPP One, a 7 acre and 1.4 MW DC utility scale solar farm.
510nano and Sun Farmers Institute won $1.05M in USDA grant to help black farmers improve their energy spend — funding was not available for award.
Silicon Valley Solar farms are commissioned. 510 REPP One has a groundbreaking ceremony during the Reverend Dr. Martin Luther King Jr. holiday weekend with the Honorable Dot Harris as its keynote speaker. 510 REPP One is completed and commissioned, selling power to Dominion Power. 510nano with M. L. Schmitt Electric and PEER CPC won a contract to provide EPC services for the town of Deerfield, MA with 35 kW of solar electricity.
510nano is developing Super Solar in Monroe, GA and Sanford Solar in Sanford, NC by the end of the year, as well as Solar Noir in Tarboro NC by first quarter in 2015.
Dr. Parker is the Founder and President of 510nano. He is an experienced business professional, entrepreneur, seasoned inventor, commercialization lead, and a solar energy technologist for over 20 years. Dr. Parker served as Chief Technology Officer at Nanotailor, a manufacturer of functionalized carbon nanotubes; a consultant at the Boston Consulting Group, an international management consulting firm; President of Business, Information and Technology Consulting, a boutique web consultancy; and a Senior Polymer Process Research Engineer at the Rohm and Haas Company, a specialty chemical company (acquired by Dow Chemical Company). Additionally, Dr. Parker has taught, research and managed programs in various academic institutions including Professor and Principal Investigator at the University of North Dakota, as well as Assistant Director of Tech Transfer, Chairman, and Professor at Florida A&M University. Dr. Parker holds a BS and Ph.D. in Chemical Engineering from MIT and Georgia Tech respectively, as well as an MBA from Florida State University.
VP Finance & Strategy
Ken is a corporate finance and strategy professional with significant transaction and diverse project leadership experience. He has 20+ years of multi-industry experience with over 10 of them in energy. During his career, Ken has served as a “Trusted Advisor” to companies in driving strategic initiatives and growth and has also led talented professionals in tackling M&A, strategy, operations and corporate development issues. In particular, he helped Polypore International grow through multiple international acquisitions and was instrumental in completing their IPO which funded these acquisitions. In addition to Polypore International, Ken has held leadership positions at Duke Energy, UOP, ArcelorMittal and Wachovia Securities. Ken holds a B.S. in Chemical Engineering from NC A&T State University and an M.S. in Chemical Engineering from Georgia Tech. He also earned an MBA from Georgia Tech.
Dr. Shute has actively participated in R&D, engineering, agile product and technology development, and manufacturing activities across several technology sectors since 1983. Dr. Shute has served as a Distinguished Member of Technical Staff at Bell Laboratories, AT&T and Lucent Technologies; Vice President of Engineering and as Vice President of Advanced Technologies at Luxcore Networks, Inc., an optical networking systems start-up company; CEO of Shute Enterprises, Inc., a consulting firm; President and Chairman of Nile Valle Investment Group, Inc., a real estate investment company; Co-founder and Director of Aspire 2B, Inc., an educational non-profit, and as Vice President for Research and Sponsored Programs and Professor at Tennessee State University. He also served as the Vice President for Research and Sponsored Programs and Professor at Clark Atlanta University. Dr. Shute earned a B.S. and Ph.D. in Mechanical Engineering at Tennessee State and Georgia Tech respectively, as well as an S.M. in Materials Science from MIT.