Altus Power Expands West Coast Presence with Acquisition of Unico Solar

STAMFORD, Conn.--(BUSINESS WIRE)--Continuing its growth momentum and further cementing its presence on the West Coast, Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the strategic acquisition of the core business of Unico Solar Investors (“Unico Solar”). Altus will acquire Unico Solar’s development platform, pipeline and senior leadership team as well as new offices in Denver and Seattle.

“In a market where others are scaling back and reducing footprint, Altus Power is adding significant local coverage to be closer to our nationwide real estate partners and enterprise customers,” said Gregg Felton, co-CEO, Altus Power. “The Unico Team brings deep experience developing customer relationships, particularly in the west, and now with access to our portfolio and brand, these team members will have greater resources to accelerate the flow of our pipeline.”

“Unico Solar has built a dynamic solar development platform centered on overcoming customer adoption barriers for commercial rooftop and community solar projects, largely in the western U.S.,” said Brett Phillips, co-Founder and Vice President, Unico Solar. “Joining forces with Altus Power brings together market leaders in the commercial and industrial solar energy vertical that will supercharge project development for real estate owners and users on a national scale.”

This acquisition illustrates Altus Power’s continued ability to efficiently acquire assets and platforms. As part of the acquisition, Unico Solar’s development platform and pipeline will become wholly owned by Altus Power and Unico Solar’s development team will be integrated with and into the customer-centric Altus team.

Altus Power’s portfolio across 25 states serves enterprises committed to achieving carbon reduction goals, anchored by the company’s distributed solar arrays. As one of the pioneers of Community Solar, Altus Power currently serves more than 20,000 subscribers nationwide. Community Solar provides homeowners and renters of diverse income brackets access to the benefits of clean energy savings.

About Altus Power

Altus Power, based in Stamford, Connecticut, is the leading commercial-scale provider of clean electric power serving commercial, industrial, public sector and Community Solar customers with end-to-end solutions. Altus Power originates, develops, owns and operates locally-sited solar generation, energy storage and charging infrastructure across the nation. Visit www.altuspower.com to learn more.