Edison International in “If you can’t beat them, join them” move buys solar company
Written by Chris Meehan | CleanEnergyAuthority.com
Edison International, which owns one of the nation’s largest investor-owned utilities, Southern California Edison (SCE), has purchased distributed solar company SoCore Energy. SoCore develops commercial rooftop installations. In making the purchase it appears Edison has become the latest large energy company to get into distributed solar more directly as has NRG Energy.
Chicago-based SoCore has worked with numerous retailers throughout the country like Walgreens, with which it announced earlier this year that it will install solar on more than 200 Walgreens stores throughout California, Connecticut, Delaware, Massachusetts, New Jersey and New York. “SoCore Energy has built an impressive client base and pipeline of solar projects with large retailers and other businesses,” said Bert Valdman, senior vice president of strategic planning at Edison International. Other of SoCore’s clients include IKEA, Kimco Realty, and the Simon Property Group.
“We are excited about the opportunity to partner with Edison International,” said Pete Kadens, president and CEO of SoCore Energy. “Aligning with a well-branded and progressive energy partner will enhance our attractiveness to customers and broaden our suite of offerings.”View All ENGIE in the News