This is your SolarWakeup for December 7th, 2022

Smart Home Circularity. NRG is buying Vivint Smart Home, the former parent of Vivint Solar before the solar unit was spun out as a stand-alone. You’ll recall that Sunrun acquired Vivint Solar a few years ago. Of course, NRG had previously entered the home solar market with their acquisition of Roof Diagnostics creating NRG Home Solar. Particularly interesting because smart home giant, ADT, acquired Sunpro earlier this year and created ADT Solar. AAA, the road-side giant, also entered the smart home business with an alarm company acquisition a few years ago to create AAA Smart Home. In some ways it’s about selling more things to consumers in the same visit, home alarm, solar, retail energy. The stickier contract the better. Question is, where are AT&T and Comcast with the same concept?

Congrats To Tigo. Tigo is going public via merger with a Roth Acquisition Corporation. The transaction has some unique concepts with less dilution than typical SPAC transactions and is expected to close in Q2 of 2023.

SEIA’s Energy Storage Division. I had the pleasure of being in DC for the SEIA board meeting yesterday and am excited to tell you all that I was elected as the Chair of the Energy Storage Division. This is an important time in the market, many in the solar industry are buying their first battery, investing billions of dollars thanks to the acceleration in the market from the IRA and amazing foundation created by the solar industry. The Solar+ Decade requires that we all work in perfect coordination and getting projects to work for the grid and consumers across the Country.

Opinion

Best, Yann