Distributed generation and energy efficiency company MyPower has acquired Solstice Power Technologies, a customer management service for community solar development. Following the acquisition, MyPower plans to expand Solstice’s U.S. community solar service area.
“We are very pleased to welcome Solstice, a company that has deeply engaged with communities and customers and has been providing community solar across the United States,” said Katsu Nishida, Co-CEO of MyPower. “Our mission is to create an eco-friendly society through the development and deployment of clean energy solutions and related services. Inclusion of all eligible customers, including those in low- to moderate-income communities, is now more important than ever in the pursuit of sustainability and energy equity.”
Community solar projects present an opportunity for homeowners who cannot host projects at their homes to still receive the benefits of the renewable energy source. This includes renters and households who may not qualify due to credit scores, incomes, lack of rooftop space or inadequate sun exposure.
MyPower plans to leverage its corporate resources to support nationwide expansion for Solstice and deliver additional value to communities through its commercial clean energy offerings.
Solstice Initiative, Solstice’s current nonprofit arm, will not be acquired by MyPower and will operate as an independent 501c3 under a new brand to be announced shortly.
“We at Solstice remain committed as ever to making renewable energy accessible and affordable for all,” said Stephanie Speirs, CEO of Solstice. “By joining MyPower Corp., we’ll leverage the stability and strength of the respected global company that is Mitsui to deepen our resources, expand into new markets, develop new services and continue delivering on the promises that we’ve made to the communities we serve. Solar energy is a resource that should be enjoyed by all who want access. Together with MyPower, Solstice will accelerate the deployment of clean energy to a broader range of customers.”
News item from MyPower Corp