Banyan Energy appoints Rusty Schmit as new CEO

Banyan Energy has announced the appointment of Rusty Schmit as its new CEO. Schmit has over 30 years of experience in the solar industry and has been a member of Banyan’s board of directors where he served as the company’s vice president of business development in his most recent role. Before joining Banyan Energy, Schmit was involved in the foundation of PV companies like Advent Solar and Matrix Solar Technologies, where he served as CEO.

Rami Elkhatib, general partner of Banyan’s investor Acero Capital, commented on the appointment: “Under Rusty’s leadership, Banyan will move into commercialization of its first generation product and we expect that to have a very significant, positive impact on the cost of large-scale PV systems. We are very excited to have Rusty on board as CEO.”