Spruce Power completes acquisition of residential solar portfolio from NJR Clean Energy Ventures to expand their presence in New Jersey
Spruce Power completes acquisition of residential solar portfolio from NJR Clean Energy Ventures to expand their presence in New Jersey
11/25/24, 9:37 PM
Location
houstonwall townshipIndustry
solar
renewable energy
energy
manufacturing
Spruce Power Holding Corporation (NYSE: SPRU) has acquired a residential solar portfolio from NJR Clean Energy Ventures, adding nearly 9,800 customers in New Jersey. This acquisition meaningfully expands Spruce’s presence within New Jersey, now representing the Company’s second largest geographic presence with approximately 16,000 customers. With this acquisition, Spruce continues to solidify its position as a leading provider of residential solar energy in New Jersey.
Company Info
Location
Houston, Texas, United States
Company info
Spruce Power Holding Corporation (NYSE: SPRU) is a leading owner and operator of distributed solar energy assets across the United States. They provide subscription-based services that make it easy for homeowners to benefit from rooftop solar power and battery storage. Their power as-a-service model allows consumers to access new technology without making a significant upfront investment or incurring maintenance costs.