Aug. 20, 2013 - HelioPower announced today it acquired Greenzu Inc.
In recent years, HelioPower has seen demand for its services from mid-size commercial facilities. Yet, these customers consistently need financing for their projects, which has become challenging in the tightened credit market.
"The acquisition of Greenzu broadens HelioPower's capabilities in the energy finance markets, bringing widely respected skills in structured finance and rooftop project development in-house to compliment our active commercial energy customer-base," says Ian Rogoff, Chairman of HelioPower.
Greenzu's team will continue its mission of creating solar finance solutions as part of the Helio Micro-Utility business unit. Greenzu's co-founder, Amanda Holland, will lead Helio Micro-Utility's investment fund management, while its other co-founder, Brandon Conard, will become HelioPower's Chief Strategy Officer.
Mr. Conard explained, "Greenzu's team is proud to join Helio Micro-Utility's already impressive team, and its tradition of thought leadership in the energy investment space. We are excited that, through this acquisition, we'll be able to offer our clients access to HelioPower's advanced financial tools, leading system engineers, and top notch EPC services."