Sunrun Acquires REC Solar's Residential Division, AEE Solar and SnapNrack
Sunrun and Mainstream Energy Corp. today announced that Sunrun has acquired the residential division of REC Solar, AEE Solar and SnapNrack. The companies represent Mainstream Energy's residential solar sales, design and installation; wholesale distribution; and mounting systems and hardware businesses, respectively. In the commercial market, REC Solar will continue as an independent organization under the legal name REC Solar Commercial Corp. The value of the transaction was not disclosed.
"Sunrun pioneered solar service to remove the most significant barriers to going solar. We continue to innovate our business to further drive down costs, increase quality and broaden our reach to consumers so more homeowners have access to affordable home solar," said Lynn Jurich , Chief Executive Officer of Sunrun. "The residential solar market is growing rapidly and this acquisition marks the next step in our multi-channel growth strategy. REC Solar's residential division, AEE Solar and SnapNrack complement our thriving channel business and further enable us to fulfill the enormous market potential for home solar nationwide."
REC Solar is a national leader in solar electric system design and installation, with more than 11,000 customers across seven states. Since becoming Sunrun's first installation partner in 2007, REC Solar has helped thousands of homeowners elect solar energy with Sunrun's solar service, which allows homeowners to pay a low rate for clean energy and fix their electric costs for 20 years.
"REC Solar is the industry leader in customer satisfaction and high quality construction, while AEE Solar and SnapNrack bring capabilities that allow us to make solar energy affordable for more consumers, provide superior systems and service, and lay the foundation to become a major energy company," Jurich said.
What Does $2M Buy? How About 1800 GW Of Wind Power
A new $2 million funding program from the Department of Energy is expected to add – yes, add – yet another 1,800 gigawatts of wind power to the already formidable wind resources of the US. That’s something to keep in mind as the Keystone XL tar sands oil pipeline review process heats up.
The idea behind the new taller wind turbine program is to give the US wind industry an assist in developing taller wind turbines, with hub heights ranging from 120 meters up to 140 meters.
That’s a big step up from existing technology, which currently goes to the 80-100 meter range, with the average at about 90 meters. As for why a taller wind tower, upper level winds tend to be stronger and steadier.
With taller wind turbines, the new program is also expected to open up an additional 237,000 square miles of wind-friendly areas for wind power potential, which is about the size of Texas (the image above compares the area change in square kilometers between the hub height of 96 and that of 140).
The areas of the US most likely to benefit from the improved wind technology are mainly located in the Southeast, where alternative energy is starting to find a friendly reception despite pushback by certain legislators from those states.
Grid Parity: A Foggy Signal for Solar Maturity
What we can expect to see is a gradual transition of solar from an alternative energy to a truly cost competitive source of energy that helps counteract rising electricity rates and fuel costs.
Residential And Commercial Refuse-Derived Fuel Waste To Energy
This report serves as an overview of gasification technologies processing municipal solid waste (MSW) that includes non-recycled plastic.
States Keeping U.S. at Fuel Cell Forefront
The report identifies the "Top 5 Fuel Cell States" - California, Connecticut, New York, Ohio, and South Carolina.
Renewable attractiveness indices and institutional investors
Renewables are on a clear path to commercial viability without subsidies. That is why renewables are projected to be the fastest-growing energy source over the next twenty years.
Solar Energy Index Outperforms S&P in Q4 2013
Lincoln International's Renewable Energy Group is pleased to present the latest Q4 2013 Solar Energy Stock Index Report, which tracks relevant solar company metrics in this growing industry.
Cogeneration Goes Global
As CHP systems can tap into a wide array of fuels to operate including coal, biomass and natural gas, there are few restrictions on where they can be installed.
More to Biofuel Production than Yield
With supportive policies, we envision the ability to design agricultural landscapes to maximize multiple benefits.
Monthly generator capacity factor data now available by fuel and technology
EIA's new tables include capacity factors for individual renewable generating technologies
NY Working Hard to Catch Up with CA's Energy Storage Requirements
Next up at the plate as a hot, receptive market for energy storage in North America is New York.
New Climate Norms
To be on the safe side, the development of alternative energy sources could keep the actuality of long term global warming from happening.
Go Green to Save Green
"Going green" is no longer just a way to sound trendy, but a very real and highly accessible industry that is helping people save money and better the environment at the same time.
SEIA Announces New Workforce Training Commitment for Solar Industry
The Solar Energy Industries Association (SEIA) today announced a new industry commitment to quality solar workforce training, working with the Interstate Renewable Energy Council (IREC).
Development of this commitment demonstrates the groups’ efforts to build the foundation of a skilled, knowledgeable workforce trained to safely and effectively perform the tasks solar energy jobs require.
The commitment comes on the heels of a new report showing nearly 143,000 Americans are at work throughout the solar value chain at more than 6,100 businesses in the U.S. There has been a 20 percent increase in the workforce since 2012 – or 10 new solar jobs every hour of every workday.
“We are proud to join with IREC during this exciting time for the solar industry. We have just come off a record-shattering year, we are looking forward to continued growth in 2014 and solar jobs are growing at 20 percent – 10 times faster than the national average. With all this activity, it is a perfect time to formalize an industry commitment to workforce training. SEIA encourages all its members to sign this important pledge,” said Rhone Resch, SEIA’s president and CEO.
"The explosive growth in solar jobs makes quality training more relevant than ever," said Jane Weissman, president and CEO of IREC. "SEIA is driving forward the solar industry's commitment to quality workforce training with this demonstration of individual and collective support. With consumer interest in solar so high, there is no better time to instill confidence that the industry is committed to a highly trained workforce to ensure the safety and effectiveness of their investment.“
The market for solar energy in America is booming as the cost of solar technology plummets. Energy efficiency in new construction and retrofits in existing buildings are impacting energy demand while sustainability is becoming part of the fabric of the operations of corporations, municipalities and college campuses. These factors create a fundamental shift in the production and use of solar energy – and the need for a new generation of well-trained workers to build a solar infrastructure.
Sun Sets On Solar Power In Germany; Industry Slashes 50% Of Jobs In Two Years
Germany’s solar power industry shed a staggering 5,000 jobs over the past two years, reducing the size of the industry by more than half, according to new data released on Tuesday by the Federal Office for Statistics.
A prolonged supply glut induced by cheap Chinese solar imports has resulted in a scourge of bankruptcies at several of Germany’s erstwhile elite solar manufacturers, including Q-Cells, Conergy and Solon.
In 2012, the solar industry employed more than 10,000 workers in Germany. More than half of those jobs have vanished over the past 24 months, according to figures from the Federal Office for Statistics.
The solar jobs data was shared with reporters from Frankfurter Allgemeine Zeitung, which stated that less than 5,000 Germans are currently employed by the solar power industry – the lowest employed level in nearly half a decade.
Similar data was not available for other sectors of the renewable energy industry, but some signs of distress have surfaced in sectors outside of solar.
In 2013, Germany’s offshore wind power manufacturers cut more than 2,000 jobs, according to the Industrial Union of Metalworkers, the Germany’s largest metalworkers’ union.
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