iSun Announces Investment in Encore Renewable Energy
New capital will further accelerate both parties’ geographic expansion and expand iSun’s pipeline for continued growth.
HIGHLIGHTS:
- Investment to accelerate expansion of iSun’s Commercial, Industrial and Utility businesses into new geographic markets
- Provides collaboration opportunities across both parties’ project pipelines
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Extends Encore’s long-term experience as a registered
B-Corp to iSun’s ESG initiatives - Enables Encore to expand its geographic reach while advancing innovative clean energy solutions including solar + storage, brownfield redevelopment and dual land-use/agrivoltaics initiatives
- Further strengthens the long-standing relationship between two leading innovators in the community-scale clean energy sector.
iSun’s investment aligns with its previously stated growth objectives. First announced in late 2019, iSun’s growth strategy highlighted the specific steps the Company would take to accelerate the nation’s transition to solar energy across all sectors. The investment compliments two of the strategy's key pillars - organic growth organic regional growth by expanding relationships with existing Industrial and Utility customers, and investment in companies capable of increasing project pipeline opportunities.
“This partnership reflects the progress we’ve steadily been making against our three-pronged strategy for growth,” said
"This new infusion of capital from iSun will allow us to more than double our project development pipeline over the next 12 months," offered
About
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted electrical contractor to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 400 megawatts of solar systems. The Company has provided solar EPC services across residential, commercial & industrial, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
About Encore Renewable Energy
Encore Renewable Energy is a
Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20211129005458/en/
IR Contact:
IR@isunenergy.com
802-289-8141
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