REC Solar

Last updated
REC Solar
Type Private
Industry Solar Energy
Founded1997
FounderJudy Ledford and Fred Sisson
Headquarters,
Area served
United States of America
Key people
Matthew Walz CEO
Products Photovoltaic installations
Number of employees
125 (2019)
Website recsolar.com

REC Solar was a solar energy contractor specializing in commercial solar and storage systems, including the installation of commercial solar electric systems in the United States. The company focused on providing products and services to support commercial, government and utility scale solar photovoltaic (PV) installations. [1]

Contents

Company history

Mainstream Energy Corporation purchased REC Solar in 2006, combining it with its other company AEE Solar. AEE Solar is a large wholesale distributor of solar energy products like solar panels and inverters.

In 2007, Mainstream Energy announced that REC Solar had agreed to install large scale commercial solar arrays for Costco wholesale retailer. [2] These arrays were to be placed on four Costco buildings in western US states, the first being a 680 kW DC installation on the Costco in Kona, Hawaii. [3] These installations are now delivering power.

In 2008, Mainstream Energy in turn received an investment of $40 million in return for a 20% stake in the company belonging to the Renewable Energy Corporation of Norway. Known as the REC Group, the Norwegian company manufactures silicon for incorporation in solar cells and modules in plants throughout Europe and in North America. It sells these products worldwide. [4]

Included among recent projects, REC Solar installed solar arrays for companies and organizations such as Safeway, IKEA, Fresh & Easy, Taylor Farms and the Department of Veterans Affairs. [5] These renewable energy systems are expected to last years beyond that payback date, with on-going energy production at very low cost.

In 2013, REC Solar was listed as the No. 10 solar contractor in the US, specializing in utility, commercial and residential-scale installations, by Solar Power World magazine. [6]

In February 2014, Mainstream Energy sold the residential division of REC Solar, AEE Solar, and Snap N' Rack to Sunrun. [7] REC Solar is now strictly focused on bringing affordable energy solutions[ buzzword ] to commercial customers. [8]

In June 2015, REC Solar acquired Stellar Energy, a California-based commercial solar provider. [9]

In February 2015, Duke Energy announced a majority share acquisition of REC Solar. Additionally, Duke pledged up to $225 million towards REC Solar power purchase agreements. [10]

In July 2017, REC Solar was named the eight top commercial solar contractor in Solar Power World's 2018 Top 500 Solar Contractors List. [11]

In November 2017, REC Solar celebrated their 20th year in business, with more than 300 megawatts of solar installed across 650+ projects in 22 states. [12]

In December 2017, Duke Energy acquired full ownership of REC Solar. REC Solar continued to be a part of Duke Energy Renewables, Duke Energy’s commercial renewables organization. [13]

In July 2018, REC Solar was named the third top commercial solar contractor in Solar Power World’s 2018 Top 500 Solar Contractors List. [14]

In April 2021, Duke Energy announced the launch of Duke Energy Sustainable Solutions, a new commercial brand that unifies products and services offered by several Duke Energy subsidiaries, including Duke Energy Renewables, REC Solar and Duke Energy One, under one comprehensive brand.


Notable Projects

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References

  1. "REC Solar® - Commercial Solar Power Systems, Solar Panels, Installation". Recsolar.com. Retrieved 18 July 2018.
  2. "Commercial Solar Projects and Case Studies - REC Solar". Recsolar.com. Retrieved 18 July 2018.
  3. "REC Solar Unveils Hawaii's Largest Solar Electric System". Reuters. 2008-01-30. Archived from the original on 2012-09-09.
  4. "Home". Recgroup.com. 23 July 2015. Retrieved 18 July 2018.
  5. "Commercial Solar Projects and Case Studies - REC Solar". Recsolar.com. Retrieved 18 July 2018.
  6. "2013 Top 250 Solar Contractors". Solarpowerworldonline.com. Retrieved 18 July 2018.
  7. "Snap N Rack press release". Snapnrack.com. Retrieved 18 July 2018.
  8. "REC Solar Commercial, Inc press release". Recsolar.com. Retrieved 18 July 2018.
  9. "REC Solar Expands Commercial Solar Business by Acquiring Stellar Energy - Commercial Solar Company". Recsolar.com. Retrieved 18 July 2018.
  10. "Duke Energy Buys Major Stake in REC Solar, Aims to Invest $225M in Commercial PV". Greentechmedia.com. Retrieved 18 July 2018.
  11. Corporation, REC Solar Commercial (2017-07-26). "REC Solar Ranked a Top 10 Commercial Solar Provider in the United States". Commercial Solar Company. Retrieved 2019-02-13.
  12. "REC Solar Celebrates Our 20th Birthday!". Commercial Solar Company. 2017-11-17. Retrieved 2019-02-13.
  13. Corporation, REC Solar Commercial (2017-12-06). "Duke Energy Assumes Full Ownership of California-based REC Solar". Commercial Solar Company. Retrieved 2019-02-12.
  14. Corporation, REC Solar Commercial (2018-07-24). "REC Solar Earns the Title of Third Top Commercial Solar Contractor in the United States". Commercial Solar Company. Retrieved 2019-02-12.
  15. Riddell, Jessica (2015-11-02). "REC Solar & KIUC Connect Hawaii's Largest Solar Project". Commercial Solar Company. Retrieved 2019-02-13.
  16. Riddell, Jessica (2016-09-20). "REC Solar Surpasses 100 Installations for Agriculture Industry with Latest Installation for Renewables Leader Taylor Farms". Commercial Solar Company. Retrieved 2019-02-13.
  17. "Taylor Farms - Solar Case Study from REC Solar". Commercial Solar Company. Retrieved 2019-02-13.
  18. Riddell, Jessica (2016-11-16). "Green Charge & REC Solar Announce Sonoma County's Largest Commercial Solar-Plus-Energy Storage Project". Commercial Solar Company. Retrieved 2019-02-13.
  19. Corporation, REC Solar Commercial (2017-04-04). "REC Solar Completes Installation of Hawaii's Largest Solar Project". Commercial Solar Company. Retrieved 2019-02-13.
  20. Riddell, Jessica (2017-04-27). "Blue Lake Rancheria Native American Reservation Microgrid Goes Live". Commercial Solar Company. Retrieved 2019-02-13.
  21. Corporation, REC Solar Commercial (2017-04-08). "Duke Energy Renewables and REC Solar Announce the Completion of Their First Joint Microgrid Project with Schneider Electric". Commercial Solar Company. Retrieved 2019-02-13.
  22. Corporation, REC Solar Commercial (2017-06-05). "Applied Medical Installs Nearly Three Megawatts of Solar". Commercial Solar Company. Retrieved 2019-02-13.
  23. Corporation, REC Solar Commercial (2017-08-22). "REC Solar Completes Solar Project for San Antonio Winery's Paso Robles Production Facility". Commercial Solar Company. Retrieved 2019-02-13.
  24. Corporation, REC Solar Commercial (2017-08-08). "Zurn Industries Installs Solar at Paso Robles Facility". Commercial Solar Company. Retrieved 2019-02-13.
  25. Corporation, REC Solar Commercial (2018-01-24). "Cal Poly to Dedicate 4.5 Megawatt (AC) Solar Farm on Jan. 24". Commercial Solar Company. Retrieved 2019-02-12.
  26. Corporation, REC Solar Commercial (2018-04-16). "Hawaiian Electric Company, U.S. Navy and REC Solar Break Ground on New Solar Farm in O'ahu". Commercial Solar Company. Retrieved 2019-02-12.
  27. Corporation, REC Solar Commercial (2018-10-22). "Franscioni & Griva Corporation Celebrate 150th Anniversary by Partnering with REC Solar on Solar Farm". Commercial Solar Company. Retrieved 2019-02-12.
  28. Corporation, REC Solar Commercial (2018-10-25). "Successful Microgrid Activation Showcases Innovation and Supports Reliable, Efficient, Clean Energy at Montgomery County Critical Facilities". Commercial Solar Company. Retrieved 2019-02-12.
  29. Corporation, REC Solar Commercial (2017-04-08). "Duke Energy Renewables and REC Solar Announce the Completion of Their First Joint Microgrid Project with Schneider Electric". Commercial Solar Company. Retrieved 2019-02-13.