Schneider Power announces new Chief Executive Officer



    TORONTO, July 8 /CNW/ - Schneider Power Inc., Canada's Renewable Energy
Company, announced today that it has named Jonathan Lundy Chief Executive
Officer (CEO). Lundy succeeds Thomas Schneider, the visionary founder of the
company, who will continue in the role of Vice-Chairman and President. The
appointment is effective immediately and aligns with Schneider Power's growth
planning process.
    Mr. Lundy joins Schneider Power from Mississauga-based Hydrogenics
Corporation, a TSX and NASDAQ listed alternative energy company, where he
began as Vice President of Corporate Affairs and General Counsel, and
eventually served as President, Power Systems.
    During his tenure at Hydrogenics, Mr. Lundy's triumphs include the
company's US $80 million initial public offering, its CDN $60 million
follow-on offering, and its acquisitions of enKat GmbH, Greenlight Power and
Stuart Energy. Mr Lundy oversaw Hydrogenics' fuel cell and electrolyser
business and repositioned the market strategy of its fuel cell division which
contributed to a doubling of divisional revenues with corresponding
improvements in bottom-line results and operational efficiencies. Prior to
joining Hydrogenics, Mr. Lundy practiced corporate and securities law with
Osler, Hoskin and Harcourt LLP and Heenan Blaike LLP. He holds a Bachelor of
Arts and a Bachelor of Laws from the University of Western Ontario.
    Lundy will focus his efforts on expansion of Schneider Power's North
American renewable power market penetration and the continued growth of its
operating subsidiaries. Mr. Schneider will delegate a great deal of his duties
to Mr. Lundy, in order for him to explore and execute Schneider Power's
long-term strategic vision in the renewable energy sector.
    "I'd personally like to congratulate Jonathan and warmly welcome him to
the Schneider team. We are delighted he has joined us and look forward to
Jonathan employing his capital markets, operational and deal-making experience
as we embark on our next major growth milestones. Jonathan's wealth of
experience and strong leadership will ensure Schneider Power becomes a
formidable force in the Canadian renewable energy market," said Thomas
Schneider, Vice-Chairman of Schneider Power.

    Schneider Power is a Canadian-based independent power producer and
developer of renewable energy projects and related services. The Company has
over 1,735MW in potential wind and solar energy capacity in North America,
which includes 38.6 MW of construction-ready projects with long-term PPAs, and
one wind farm in operation in Ontario. Schneider Power, via its wholly-owned
subsidiary Schneider Power International Inc., owns a minority interest in the
Flomborn and Olsbruecken Wind Farm, located approximately 30 km east of
Frankfurt, Germany.





For further information:

For further information: Dena Fehir, Head of Public Relations, Schneider
Power Inc., (416) 847-3724 x 235, dfehir@schneiderpower.com,
www.schneiderpower.com

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