Pineapple Energy acquires Long Island solar service provider SUNation Energy

• Pineapple Energy, a solar + storage professional, acquired SUNation Energy, a New York-based solar installer for household and also little commercial consumers. The deal closed on November 9, 2022.

SUNation has offered Long Island for 19 years, using a series of solar power solutions including domestic, commercial, battery storage space, as well as roof, and also currently services over 12,000 PV systems. Over the course of nearly 8,000 projects because its creation, SUNation has actually installed over 275,000 solar panels standing for 92 MW of carbon-free solar energy.

Creator Scott Maskin will continue to handle SUNation in New York. Maskin will contribute to present and also future acquisitions and be assigned to Pineapple's board of supervisors. SUNation's chief growth policeman Jim Brennan will certainly lead corporate advancement at Pineapple Energy.

" This purchase is an indicator of the growth possible inherent in our method of consolidating as well as developing a nationwide solar, battery storage space as well as house energy administration company," said Kyle Udseth, Chief Executive Officer of Pineapple Energy. "Our team believe the procurement will certainly offer us even more scale, boost our revenue substantially, and relocate us toward accomplishing the vital goal of reaching capital positive in 2023. Even more, it broadens our footprint into the northeastern United States, an area with strong need for solar power."

Earlier this year, Pineapple Energy acquired both Sungevity and also Horizon Solar. Pineapple Energy primary financial officer Eric Ingvaldson stated the company is going after various other purchases.

" SUNation Energy is elated to sign up with the Pineapple Energy family. Practically 20 years ago we set out to alter the method our buddies as well as next-door neighbors powered their residences and businesses. With the years we have actually seen many business come and go, mostly because they forgot who was essential, the customer," Maskin claimed. "We are so lucky to discover a group that shares the exact same core worths and also goals as SUNation. Dominant, top quality, referral-based local business are the heart and soul of this market and also Pineapple fasted to identify the outstanding work the SUNation team has actually achieved. Along with the Pineapple group, we can scale this design across the country while supplying the best customer experience possible The Pineapple group is humble, knowledgeable and aggressive. We are an unstoppable group."