Direct Energy buys Astrum SolarStaff writer ▼ | July 30, 2014
Direct Energy, one of North America's largest energy and energy-related services companies, has acquired Astrum Solar, a leading full-service residential solar installer, for $54 million.
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Direct Energy President and CEO Badar Khan said: "We are excited at the potential of the Astrum Solar business in a rapidly growing market and we are delighted to be adding solar power to the range of energy options we already offer our customers. This acquisition fully aligns with our vision of using new technology and innovation to help our customers gain greater control over their energy use."
"Direct Energy will look to leverage Astrum Solar's expertise in residential solar power installation to its customers, using new technology and accelerating customer growth across the United States " said Scott Boose, president, Direct Energy Services.
Astrum Solar, one of the fastest-growing residential solar energy companies, was founded in 2008. ■