Duke Energy assumes full ownership of California-based REC Solar

December 8, 2017 — Fusion DigiNet

Duke EnergyDuke Energy, one of the largest energy companies in the U.S., announced today it has acquired full ownership of California-based REC Solar, a provider of renewable energy solutions for commercial customers throughout the country. Details of the deal were not disclosed. Duke Energy first acquired a majority interest in REC Solar in February of 2015.

REC Solar is a nationwide provider of complete commercial, public sector and utility-scale solar solutions, founded in 1997. The company offers all design, engineering, financing and maintenance services in house, allowing for a simple customer experience.

“REC Solar complements our strengths in forming strategic partnerships with customers of all sizes,” said Chris Fallon, vice president Duke Energy Renewables and Commercial Portfolio. “Energy solutions specifically tailored to the commercial consumer will expand renewable energy opportunities for enterprise, municipal, educational and business customers, large and small.”

USA, Charlotte, NC, San Luis Obispo, CA

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SCIenergy acquires energy saving retrofit business Transcend Equity

March 14, 2012 — Fusion DigiNet

SCIenergy, Inc., a provider of cloud-based energy management solutions for building owners and operators, today announced it has successfully completed the acquisition of Transcend Equity, a business delivering energy saving retrofits for commercial buildings. The terms of the deal were not disclosed.

As part of the deal, SCIenergy will maintain a joint venture agreement with Mitsui & Co. (U.S.A.), Inc., a leading trade and investment company and committed capital partner of Transcend Equity.

Transcend’s proprietary solution—Managed Energy Services Agreement (MESA™)—pays for a landlord’s energy bill along with major capital investments needed to make buildings more energy-efficient.  In return, building owners pay a fee for a fixed period of time, preserving capital resources for their core business activities.

“We are excited to welcome the dedicated and experienced Transcend Equity employees to the SCIenergy team.  Transcend is the clear leader in providing sustained energy reductions for portfolio owners and we can’t wait to extend MESA to our key customers and partners,” said Russ McMeekin, president and chief executive officer, SCIenergy. “MESA will leverage applications in the SCIenergy cloud™ to make commercial buildings more digitally aware and to further outperform traditional energy management offerings”.

USA, San Francisco, CA


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