Jan 23, 2013

2009 Energy Source Partners Announces Equity Investment NASHVILLE, TN, October 14, 2010 – Energy Source Partners , a Nashville-based renewable energy company, is positioning itself for growth through equity funding from Council & Enhanced Tennessee Fund , a Nashville-based investment partnership focused on building transformational businesses in Tennessee. This investment will allow Energy Source Partners to more rapidly deploy its growth strategy for Tennessee as the company ramps up its operations to meet customer demand, according to Ron Merville, ESP President and CEO. The company has recently installed five large-scale solar generating facilities for commercial clients in Middle Tennessee and has a number of additional installations under contract. “Rising energy costs, along with the recent state and federal government incentives, have greatly accelerated interest in renewable energy solutions to produce clean, abundant, dependable, cost-effective and sustainable source of power that will reduce conventional energy consumption while lowering a customer’s carbon footprint,” said Merville. Council & Enhanced Tennessee Fund, LLC (“C&E”) is a Nashville-based investment partnership focused on building transformational businesses in Tennessee, including seed and early-stage businesses. “Energy Source Partners is a great example of an early stage Tennessee-based company poised for growth in an important industry, renewable energy,” said Paul Kasper, Managing Director at C&E. “We are proud to be a part of ESP’s growth because we believe their highly experienced team will contribute greatly to the local Tennessee economy through its own growth and through its use of local vendors and sales to local Tennessee companies.” Energy Source Partners provides the design, financing, installation, management and support for all aspects of the solar energy system. Through ESP’s BrightWay Solar Power Purchase Agreement, customers get a renewable energy solution tailored to provide low-cost electricity with long-term pricing stability, a smaller carbon footprint and a greener public image. The company’s website is www.energysourcepartners.com . Council Ventures and Enhanced Capital established C&E to partner with entrepreneurs in pursuing innovative, high growth market opportunities. Over the past two decades, C&E’s affiliates have built a proven investment performance track record and have demonstrated a strong, continuing commitment to supporting Tennessee-based businesses. C&E is one of ten participants in the TNInvestco program, a state economic development program designed to strengthen state economies by stimulating the flow of investment capital to local small businesses, creating high-paying jobs and increasing state tax revenues. Enhanced Capital is a small business investment firm focused on established lower middle market companies. We invest in growing businesses often overlooked by traditional sources of capital due to location or size.