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Maine solar firms join forces to meet regulatory, workforce challenges


Two Maine solar energy companies have joined forces to meet surging demand for zero-emission solutions and tackle regulatory and workforce challenges amid a growing number of competitors.
The companies, Montville-based ReVision Energy, and InSource Renewables, a smaller business based in Pittsifled, announced a merger agreement over the weekend they re already starting to implement. Terms were not disclosed.
ReVision Energy, structured under an employee stock ownership plan, or ESOP, is owned by its 280 employees. InSource Renewables employs 16 people, of whom six are owners through a cooperative arrangement that typically involves a longer path to employee ownership.
It remains to be seen how many owners and employees of InSource Renewables will join ReVision Energy through the combination, InSource CEO Vaughan Woodruff told Mainebiz by phone on Tuesday morning. ....

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