Neighborhood photo voltaic subscriber aggregation and administration firm Solar Simplified has introduced its first acquisition — of fellow subscriber platform Northern Power & Light (NPL), a neighborhood distributed era firm identified for its community-driven strategy, sturdy municipal ties, disciplined execution and distinctive asset-owner relationships.
The acquisition instantly expands Photo voltaic Simplified’s footprint throughout New York, integrating Northern Energy & Gentle’s subscriber community and lively mission portfolio into Photo voltaic Simplified’s nationwide platform.
This acquisition combines subscriber acquisition and administration, billing and collections underneath one simple model for developers and asset owners. With 100% free churn alternative, assured collections and no upfront acquisition or arrange prices, Photo voltaic Simplified eliminates uncertainty and protects mission economics from the beginning of operations by the total lifecycle of every asset.
Inside weeks of the acquisition, joint groups have already added over 50 GWh of recent neighborhood photo voltaic and neighborhood era initiatives to the mixed portfolio, with an extra 600 GWh in late-stage negotiations. The acquisition additionally consists of Northern Energy & Gentle’s present subscriber e-book of 1000’s of lively subscribers.
“Northern Energy & Gentle is constructed on a long time of expertise in renewable electrical energy, deep connections with enterprise and residential prospects and revolutionary coverage options. Our skilled and sensible strategy to the distributed vitality sources market has allowed us to carve out a novel area of interest in an trade characterised by startups and the seek for fast returns. We’re happy to have discovered a progress accomplice who appreciates what we’ve constructed and seeks long-term, sustainable returns for the corporate and for asset homeowners,” stated Emmett Smith, co-founder and CEO of Northern Energy & Gentle.
Emmett together with brother and co-founder Ethan Smith will be a part of the Photo voltaic Simplified crew to develop the NP&L enterprise line.
“This acquisition solidifies our management place in one of many fastest-growing vitality markets within the nation,” stated Aviv Shalgi, CEO of Photo voltaic Simplified. “We’re not simply increasing — we’re constructing probably the most dependable, financially disciplined, and scalable platform in neighborhood distributed era. Our deal with effectivity, transparency and assured efficiency is redefining what builders and asset homeowners count on from an aggregator.”
Information merchandise from Photo voltaic Simplified
