SnapNrack Energy Manage

Sunrun Acquires REC Solar’s Residential Division

SnapNrack Energy ManageSunrun has acquired the residential division of REC Solar, along with AEE Solar and SnapNrack. The three 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. The value of the transaction was not disclosed.

As for its commercial business, REC Solar will focus solely on bringing commercial-scale solar projects to businesses, federal agencies and utilities nationwide. REC Solar’s recently-hired CEO Paul Detering, who previously served as CEO of Tioga Energy, said “The commercial and residential solar businesses are built upon fundamentally different models, with unique customer bases and disparate sources of capital.”

The commercial market is projected to grow upwards of 40 percent in 2014, according to REC Solar.

Packaging LED & Advanced Rooftop Unit Control (ARC) Retrofits for Maximum Performance
Sponsored By: Transformative Wave

  
Choosing the Correct Emission Control Technology
Sponsored By: Anguil Environmental Systems

  
How Tracking/Managing Energy Consumption Drives Real Cost Savings
Sponsored By: Digital Lumens

  
10 Tactics of Successful Energy Managers
Sponsored By: EnergyCap, Inc.

  

Leave a Comment

User Name :
Password :
 
If you've no account register here first time
User Name :
User Email :
Password :

Login Now