MyPower Corp., an affiliate of Japanese conglomerate Mitsui & Co., acquired group photo voltaic service supplier Solstice Power Technologies this week as MyPower seems to be to develop additional into the U.S. group photo voltaic market.
The chance is definitely there. Distributed photo voltaic vitality and storage improvement has elevated dramatically within the U.S., defending many householders from rising utility charges, and that development is predicted to proceed within the coming years. Nevertheless, 77% of Individuals are nonetheless unable to take part in rooftop photo voltaic for varied causes.
Group photo voltaic can bridge that hole (within the states that enable for it), offering the chance for extra households to entry native clear vitality with month-to-month financial savings on their electrical energy invoice.
“Inclusion of all eligible prospects, together with these in low- to moderate-income communities, is now extra necessary than ever within the pursuit of sustainability and vitality fairness,” acknowledged Katsu Nishida, Co-CEO of MyPower. “Solstice has demonstrated that it may well contribute to that, confirmed by the truth that extra end-users and group photo voltaic mission homeowners are selecting Solstice.”
MyPower brings sturdy company assets to assist nationwide growth for Solstice. Solstice Initiative, Solstice’s present nonprofit arm, won’t be acquired by MyPower and can function as an unbiased 501c3 beneath a brand new model to be introduced shortly.
“We at Solstice stay dedicated as ever to creating renewable vitality accessible and reasonably priced for all,” mentioned Stephanie Speirs, CEO of Solstice. “By becoming a member of MyPower Corp., we’ll leverage the steadiness and energy of the revered world firm that’s Mitsui to deepen our assets, develop into new markets, develop new companies, and proceed delivering on the guarantees that we’ve made to the communities we serve.”
Have you ever checked out our YouTube web page?
Now we have a ton video interviews and extra content material on our YouTube web page. Just lately we debuted Power Forward! — a collaboration with BayWa r.e. to debate larger stage trade matters in addition to greatest practices / tendencies for working a photo voltaic enterprise as we speak.
Our longer working facet mission is The Pitch — through which we now have awkward discussions with photo voltaic producers and suppliers about their new expertise and concepts in order that you do not have to. We talk about the whole lot from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new dwelling solar + storage microgrids.
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