Pivot Energy has announced the acquisition of SGC Power, a Maryland-based community solar developer. Pivot develops, finances, builds, owns and manages distributed energy projects and is owned by ECP. Since its establishment in 2008, SGC Power has been involved in 2.8 GW of solar power projects.
Pivot Energy CEO Tom Hunt said: “He is thrilled to welcome their team to Pivot Energy. Together, we will further accelerate the transition to distributed renewable energy while providing real cost savings for businesses and homes across the country.” can do.”
Pivot’s development expertise and long-term project ownership capabilities enable SGC to enter new markets and add value to property owners by providing a degree of certainty. This large team will enable Pivot Energy to scale greenfield developments, accelerate solar adoption, add products and grow the company’s domestic footprint.
SGC Power CEO Mike Sloan said: “With this acquisition, our team has a clear path to more community solar development. increase.”
In addition to our synergies in solar energy development, both companies also appreciate each other for creating a positive business culture that promotes diversity, equity and inclusion. SGC Power recently received SEIA certification for its commitment to creating a more inclusive and diverse workplace. Pivot Energy, on the other hand, is a certified B-Corporation and follows the highest standards of verified social and environmental performance, public transparency, and legal accountability.
“We are confident that this acquisition will make a positive difference for everyone,” Hunt said. We can provide more value.”
The day-to-day activities of the SGC Power Team remain unchanged. SGC Power will continue to operate as a Pivot Energy branded business unit.
Notice from Pivot Energy