November 14, 2024 4:53 am
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Rose Law Group client SolarCity acquires Zep Solar for $158 million

Zep SolarBy Eric Wesoff  | GreenTech Media

SolarCity (SCTY), distributed energy pioneer and financier, has acquired Zep Solar, an innovative solar module mounting startup for $158 million in SolarCity stock.

I should have seen it coming.

Flashback to SolarCity’s Q1 2013 earnings call, SolarCity co-founder and CTO Peter Rive said in reference to cost-cutting innovations in residential solar:

“One of the biggest kind of step-function changes that is currently underway is the movement away from rail-based installation hardware to installation hardware that doesn’t depend on the rail,” Rail-free installation facilitates that step-change in installation time and costs, Rive explained, because it “dramatically reduces the number of cutting, drilling and transportation operations that are required in order to be able to install solar.”

Continued: 

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