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.
Net Zero USA Announces Northeastern United States Office Locations
Net Zero USA, a national provider of comprehensive commercial energy reduction including solar energy systems, energy management, and energy efficient commercial lighting solutions, is proud to announce new locations in the Northeast.
Schneider Electric is now shipping the highly anticipated Conext Core XC-NA solar inverter
A new line of central inverters designed for high reliability and compatibility with any
photovoltaic panel type and installation.
Global Wind Grows 12.5% in 2013
Annual market down; return to growth in 2014
Renusol's ETN certificate is expanded to cover SolarWorld modules
Higher feed-in tariff for semi-integrated mounting systems
GICON's Floating Offshore Foundation receives US patent
Innovation provides decisive advantages for the global offshore economy
European partners join forces to boost business innovation and internationalisation for smart energy-efficient cities, powered by embedded technology
ICT clusters from Germany, Belgium, Denmark and the Basque Country are part of CLINES, a 36-month European project funded by the European Commission within the 7th Framework Programme.
-----The city of Aalborg, in Denmark, played host to the first workshop of this project, aimed at increasing business innovation in Europe for smart energy-efficient cities powered by embedded technology with a focus on internationalisation and global competitiveness.
EDP Renewables Adds GE's Wind PowerUp* Technology to Increase Output for GE Wind Fleet
GE's PowerUp* Software to Increase Output, Adding More than 420,000-Megawatt Hours of Energy
---Increased OEM and Developer Collaboration to Continually Introduce New Enabling Technologies
---402 GE Wind Turbines at Five EDPR Wind Farms in Oklahoma, Indiana and Illinois to Receive Technology
SolarWorld founder, chairman and CEO: China has placed U.S. solar industry in ‘grave danger'
Frank Asbeck asks President Obama to support rule of law in solar trade
Nearly 60 MW in 60 Days
DuraTrack™ HZ & DuraRack™ expand their East Coast presence
Emvelo's CEO joins CSP Today South Africa 2014
Pancho Ndebele, CEO at Emvelo will be participating at CSP Today South Africa 2014 (8-9 April, Cape Town).
Oman set to kick-start its solar deployment with hybrid PV-Diesel electricity generation
In a recent interview with PV Insider, John Cuneen Executive Director at Oman's Authority for Electricity Regulation disclosed that the 303kW solar pilot installation is set to pave the way for larger-scale solar projects in the sultanate.
Energy Storage to Become a Key Part of Microgrid Deployments in the Decade Ahead, According to Navigant Research
Total capacity will surpass 15 gigawatt-hours by 2024, report concludes
AeroVironment Transforms EV Charging with New, Easy and Convenient TurboCord; World's First Dual-Voltage Cordset Delivers Unmatched Charging Versatility
Portable plug-in charger increases range confidence, reduces costs to drivers, workplaces, businesses and governments
---Fits in palm of hand; plugs directly into electrical socket; no charger installation required; weighs less than five pounds, including 20-foot cord
---Operates on 120 or 240 volts; at 240 volts it charges nearly three times faster than standard cordsets – less than three hours for plug-in hybrids and less than six hours for full battery electrics
---UL listed with state-of-the-art safety features, including indoor and outdoor use, highest waterproof NEMA 6P ratings, and thermal sensors
Applied Energy Solutions Featuring New Battery Charging Solutions at MODEX 2014
Applied Energy Solutions, a provider of energy charging solutions, will be showcasing many of its industrial battery chargers at the MODEX 2014 Supply Chain Expo and Convention, including its recently released Lithion Ion Superion™ Charger and Maverick™ High-Frequency Fast Charger.
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Solar & Wind - Featured Product
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