California EPC provider Sunworks buys installer Solcius for US$51.8 million
Image: Sunworks
Solar and storage provider Sunworks has acquired installer Solcius in a deal worth US$51.8 million.
The acquisition will offer Sunworks, which itself was acquired by Peck Company Holdings, now known as iSun, through a share exchange last summer, the potential to establish a “national leader” in residential solar with access to 12 US states, the company said in a statement.
Solcius earned US$93.4 million in revenue in the year to December 2020, and reported an operating income of US$2.8 million. A statement from Sunworks said the two businesses combined generated net revenues of US$131.5 million in the same fiscal year.
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Homer Energy and UL launch modelling software for renewable hybrids
Image: UL
Advisory, audit and testing group UL has unveiled a new service for utility-scale renewable hybrid power systems to evaluate their potential profitability.
Called HOMER Front & UL Analysis, the service is designed to assess whether a developer’s solar or wind plus storage systems will “meet financial requirements and provide a stable and greener power supply”, Peter Lilienthal, HOMER Energy’s founder and UL Renewables’ global microgrid lead, said.
UL acquired Homer Energy in December 2019 to expand the company’s training, analytics and advisory services across the renewable energy value chain.
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