Helio Micro Utility Acquires Simple Energies
Posted in Solar Power on April 13th, 2010 by News Desk –
San Francisco — Helio Micro Utility, a developer of solar energy projects, announced on Tuesday that it has acquired Simple Energies, a renewable energy project development company. Terms of the deal were not disclosed.
Ty Jagerson, the CEO of Simple Energies, was a founding executive of SolFocus and co-founder of the Xerox PARC Cleantech Initiative. He will now serve as president of Helio and will lead commercial and utility scale sales for an affiliated company, HelioPower. Helio Micro Utility was spun out of HelioPower in 2007.
In 2008, Helio Micro Utility formed the Helio Green Energy Community Investment Fund, a $100 million solar financing program, with Citi Community Capital, a division of Citi. Helio Micro’s “Buy Power not Panels” program is designed to make purchasing solar energy more accessible for commercial, public sector and other large-scale energy users.
