Juhl Energy Inc., a leading provider of Clean Energy Solutions and the Leader in Community Wind Power, today announced that they have acquired PV Power, Inc., a leading online distributor of solar power systems and solar components to industry professionals, contractors and consumers across the country.
“If we want to continue our leadership reputation and role in renewable energy, we have to be active in the consumer and small business sector,” stated Dan Juhl, chairman and CEO of Juhl Energy, Inc. “We believe that this market is where significant growth and opportunity is obtainable – and, of course, we have to be active in the solar sector, as prices continue to drop and technology continues to advance. We view the purchase of PV Power as a smart and focused expansion strategy based on their success and the fact that they have been operating profitably for the past year. This acquisition is part of our larger diversification strategy, and we expect it to grow considerably with the added exposure of being part of the Juhl Energy portfolio of companies ,” added Juhl.
Founded in 2009 and based in Chicago, Illinois, PV Power, Inc. is a solar power components distributor, specializing in the sale and distribution of solar panels, inverters, monitors, charge controllers, and solar batteries, among other products. PV Power helps solar installers increase productivity and efficiency through its self-developed web applications. These applications enable installers to plan, pitch and purchase their solar projects seamlessly by tapping into the PV Power product catalog and automatically generate a competitive system package.
As part of this acquisition Juhl Energy and PV Power will be launching a line of complete solar power systems. The “Cabin”, the “Home” and the “Small Business” lines are packaged to offer all levels of customers a comprehensive, pre-packaged solution containing all they need for a successful installation at very attractive pricing. These systems are being combined with Juhl’s current Solarbank lineup to provide homeowners and small businesses with a set of simple solutions for their facilities.
Chuck Von Drehle, Director of Online Sales at PV Power stated, “This has been a great transition from PV Power to Juhl Energy and we now are associated with the country’s leading team in all aspects of renewable energy. PV Power now has greater purchasing power that will make us even more competitive in this growing marketplace.”
— Solar Builder magazine
[source: http://solarbuildermag.com/news/juhl-energy-acquires-online-distributor-pv-power-inc/]
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