CHICAGO--(BUSINESS WIRE)--Brite Energy, sister company of Protection 1, the largest full-service business and home security company in the U.S., today announced that is has hired Jimmy Chuang as its new Chief Structured Finance Officer. Protection 1 recently announced the newly formed entity last month that will bring added services to its customers in the form of solar energy.
Chuang will manage Brite Energy, powered by Protection 1 structured finance group, to help identify and build relationships with tax equity and debt investors. These efforts will enhance the ways in which Brite Energy can help consumers and businesses switch to cleaner energy at a lower cost.
Chuang brings more than 12 years of experience in the areas of structured finance, capital raising and mergers and acquisitions to Brite Energy. Prior to joining Brite Energy, Chuang held the position of Vice President, Head of Structured Finance at Solar City, one of the leading companies in the solar industry.
In addition to Solar City, Chuang was the Chief Structured Finance Officer at GCL Solar Energy Inc., the world’s largest polysilicon / wafer manufacturer and leading solar independent power producer. In only three years, he helped build GCL Solar Energy Inc.'s U.S. business from start-up into one of the nation’s largest solar providers. He has financed more than $5 billion, and more than 900 megawatts, of North American solar projects in his career. He previously held senior structured finance roles at Fotowatio Renewable Ventures and MMA Renewable Ventures, where he was responsible for acquiring, developing and investing in various renewable energy projects and leading tax-advantaged equity capital, construction financing, and permanent debt-raising efforts.
“We are very pleased to have someone of Jimmy’s caliber join the Brite Energy team,” commented Timothy J. Whall, CEO of Protection 1. “His years of experience and knowledge of the industry will help ensure the success of Brite energy.”
Chuang added, “I am excited to be part of a company that not only sees the possibilities in this market, but understands how to build the customer experience and the operations to dominate in it.”
About Protection 1
Protection 1, the largest full service business and home security company in the U.S., provides installation, maintenance, and monitoring of single-family home security systems, business security systems and multifamily security systems. In keeping with the company’s unwavering focus on customer service, the automated phone attendant has been removed, allowing customers to interact immediately with customer care personnel. In addition, Protection 1 has introduced its Tech Tracker service as well as same-day service in most cases.
Since 2012, the company has been recognized by leading industry publications SDM Magazine and Security Sales and Integration as Dealer of the Year and Installer of the Year respectively for the company’s commitment to its customers, the industry and the communities it serves.
Protection 1 is the nation's largest provider of wholesale monitoring services through its CMS division, and the leading provider of multifamily security systems installation, maintenance and monitoring through its Network Multifamily division.
Protection 1, which serves nearly 2 million customers and employs over 3,500 people in more than 70 locations across the country, has a 97.3% customer satisfaction rating and an A+ Better Business Bureau Rating. For more information about Protection 1, visit Protection1.com. For information about Brite Energy, visit BriteEnergy.com.
