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Original Clean Energy Acquires iSun and Subsidiaries for Solar Growth
Slice of Energy Team
September 05, 2024
Key Highlights:
Original Clean Energy acquires iSun, SunCommon, and Liberty Electric to expand solar energy.
Jeff Wolfe, CEO of Original Clean Energy, to lead growth and operations.
iSun to rebrand as Legacy Power in the near future.
Strong focus on solar energy and energy storage across Vermont, New Hampshire, Maine, and New York.
Source (Business Wire)
Notable Quotes:
“We will grow these companies and make it easier to adopt solar energy throughout the region. Solar has never been more important or more affordable. Our investment will accelerate that growth. This is our first acquisition in our strategy of investing in high-quality companies nationally that will benefit from the efficiencies of a shared services model.”
“We founded SunCommon to change the world for our customers and our employees. I’m glad to get back to that focus.”
Our Take:
This acquisition underscores the rapid growth and consolidation within the solar energy sector, particularly in regions like northern New England and New York, where the demand for renewable energy solutions is rising. With Original Clean Energy’s strong leadership team and strategic approach, the company is well-positioned to capitalize on expanding solar markets. The rebranding of iSun to Legacy Power signals a forward-thinking strategy that will likely attract more investments and foster innovation within the renewable energy industry. The shared services model should also streamline operations, enabling accelerated growth and broader market penetration.