Dear valued clients, partners, and community members,

I am reaching out with a personal note to share some significant news regarding Arctic Solar Ventures (ASV). After extensive deliberation by our leadership team and a thorough evaluation of the evolving market landscape, we have made the decision to conclude our solar construction operations by October 31st and realign our focus moving forward.

Since its inception, ASV has been a vessel of innovation, trust, and excellence in the realm of clean energy. Our journey has been nothing short of exhilarating, filled with challenges surmounted and milestones achieved. The relationships forged along the way have been meaningful and enduring. Our mission to advance clean, sustainable energy solutions in Alaska has driven us to explore uncharted territories in the energy sector. Notable projects like the portfolio of low income housing projects we built for Cook Inlet Housing Authority have left a lasting legacy and exemplify the impact we aimed to create.

As the founder and CEO of ASV, I am immensely proud of what we have accomplished together over the past 9 years. Our contributions have left a lasting imprint through the deployment of clean energy in Alaska, famously known as the Last Frontier, and our ethos of unwavering commitment to a better world continues to resonate.

This decision comes after a thorough examination of various strategic alternatives and market dynamics. Our priority now is to ensure a smooth transition for our clients, partners, and the remarkable team that has made ASV a name synonymous with integrity and innovation. We are in the process of establishing transition plans and will communicate these plans in the forthcoming weeks.

I want to extend my deepest gratitude to every member of the ASV family, our clients, and the community at large for embarking on this remarkable journey with us. Your faith, support, and collaboration have been the cornerstone of our achievements.

As we prepare to close this chapter, the spirit of exploration and the desire to make a meaningful impact continues to fuel our aspirations. We are excited about the new adventures that lie ahead, both personally and professionally, and look forward to crossing paths in the future endeavors that await us.

Thank you for being a crucial part of the ASV narrative. Your engagement has made our journey worthwhile, enriching the tapestry of our shared experiences, and demonstrating a path that leads to a brighter future for Alaska.

Should you have any questions or wish to discuss this transition further, feel free to reach out to me directly.

Warmest regards,

Stephen