ION Solar Secures Investment Led by Greenbelt, Blackstone Credit and EIP
ION Solar, LLC, announced an investment led by the investment team at Greenbelt Capital Partners.
March 10, 2022. By News Bureau
ION Solar, LLC announced an investment led by the investment team at Greenbelt Capital Partners. Investors in the transaction included Trilantic Energy Partners II North America, Blackstone Credit and Energy Impact Partners.
The Greenbelt team, Blackstone Credit and EIP have worked together in the energy transition sector previously. Matthew Rasmussen, David Rasmussen and Jeremy Call, the founders of ION, will continue to own a majority equity stake in the business and will lead the Company through its next phase of growth.
Since its founding in 2013, ION has built a market-leading residential solar company with operations in eight states across the U.S. (UT, NV, CO, NM, TX, NC, VA, OR). Headquartered in Provo, Utah, ION has installed over 200 MW across more than 30,000 households. ION has grown to be a top 10 residential rooftop solar contractor1 in the U.S. by delivering customers a premium solar experience from sale through installation.
“We are incredibly proud of the business we have built alongside our extremely talented sales leadership and operations teams. By providing our customers with premium solar products and a white glove experience from sales through installation, we have been able to rapidly scale ION into the premier provider of residential solar,” said Matthew Rasmussen, CEO of ION.
Jeremy Call, President of Sales for ION, added, “The investment is not only a reflection of what ION has become, but more importantly, speaks to the tremendous opportunity in the residential solar industry. We are very excited for our next chapter of growth.”
“The ION executive team has built an industry-leading platform through their relentless focus on customer service and by selectively expanding into high growth geographies. Their strategic go-to-market approach is unique within the industry and delivers exceptional value to their customers,” said Chris Murphy, Partner at Greenbelt.
“The residential energy landscape is rapidly evolving as homeowners rethink patterns of consumption and the desire for energy independence,” said Zach Levenson, Vice President at Greenbelt. “We believe the ION team is uniquely positioned to capitalize on changing consumer preferences by driving the continued adoption of rooftop solar and introducing incremental products such as residential storage and EV chargers.”
please contact: firstname.lastname@example.org.
Energy From Waste 2023
March 15, 2023
SNEC 16th (2022) International Photovoltaic Power Generation and Smart Energy Conference & Exhibition
December 27, 2022
14th GRIHA Summit
December 15, 2022
The smarter E India (TSE) / Intersolar India (IS), Electrical Energy Storage India (EES) and Power 2 Drive India (P2D) .
December 07, 2022
This is right time for India to invest in & adopt cooling as utility to meet its climate goals
Global CEO and Managing Director
We intend to expand our PV cell line capacity from 100 MW to 2 GW
The company’s total investment outlay will be approximately Rs 5,000 crore a year
Head - Sales & Marketing
By January 2026, We Look Forward to Becoming a 10GW Fully Integrated Solar PV Maker