eSolar Welcomes New CEO John Van Scoter

Fortune 250 Global Division Manager Selected to Lead eSolar as Company Continues International Growth

PASADENA, Calif. – December 16, 2009 – eSolar, a leading producer of modular, scalable concentrating solar thermal power technology, today announced the appointment of John Van Scoter as Chief Executive Officer. Mr. Van Scoter brings 25 years of experience in the development and implementation of global market strategies for emerging technologies. He joins eSolar as the company matures from pioneering start-up to global market leader.

“John has a proven track record and invaluable expertise in bringing innovative technologies up through the business lifecycle,” said Bill Gross, founder and chairman of eSolar. “With our first plant online and key partnerships in place, eSolar is ready for its next phase of commercial growth and John is the best person to lead that effort. His previous work illustrates a successful formula that identifies winning technologies, develops them on a global scale, and cultivates close customer/partner relationships. John is a perfect match for eSolar as we transition to mainstream adoption.”

Throughout his 25-year career at Texas Instruments, Mr. Van Scoter led several successful initiatives, most notably as Senior Vice President of the Digital Light Processing (DLP) product division, where he led product commercialization and the growth to profitability.

In the past year, Mr. Van Scoter developed Texas Instruments’ Alternative Energy Strategy, providing semiconductor solutions for smart grid/meter, solar, wind, and energy harvesting markets. Mr. Van Scoter successfully transitioned new technologies through building new partner and customer relationships and executing large-scale global projects.

“For two decades, I’ve helped promising new technologies thrive beyond the realm of R&D to make an impact on how the world operates,” Mr. Van Scoter said. “As we look for new and more efficient ways to meet growing energy needs, eSolar offers a cost-effective, highly reliable solution. I’m extremely excited to join eSolar and lead the next wave of hyper-growth.”

Mr. Van Scoter will join eSolar’s Board of Directors immediately and will begin his role as CEO on February 1, 2010. He holds a Bachelor’s degree in Mechanical Engineering from the University of Vermont and has completed advanced courses at both Harvard University and the Wharton School of the University of Pennsylvania. He also serves on the board of Tyco Electronics.

About eSolar

eSolar is an Idealab company founded in 2007 to develop, construct and deploy modular, scalable solar thermal power plants. eSolar’s approach marries a low-impact, pre-fabricated form factor with advanced optics and computer software engineering to meet the demands of utilities of any size for clean, renewable and cost-competitive solar energy. By focusing on the key business obstacles that have characterized large solar installations — price, scalability, speed of deployment and grid impact — eSolar has developed a proprietary solution to make a dramatic reduction in the cost of solar thermal technology. eSolar is based in Pasadena, California. For more information please visit www.esolar.com.

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