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ENERGY & UTILITIES | Renewables / Solar
momentumsolar.com

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Founded Year

2009

Stage

Unattributed VC | Alive

Total Raised

$4.1M

Last Raised

$4.1M | 3 yrs ago

About Momentum Solar

Momentum Solar is a residential solar company offering solar design, engineering and installation services across New Jersey, New York, and five other states.

Momentum Solar Headquarter Location

3096 Hamilton Blvd Suite B

South Plainfield, New Jersey, 07080,

United States

1(888) 66636886

Latest Momentum Solar News

Product roundup: SunPower, Sunnova, LONGi, and more

Feb 6, 2021

A double from SunPower SunPower launched its new mySunPower app, a way for homeowners to review and manage their solar generation, energy consumption, and battery storage settings from their mobile devices. The app will be available for download for SunPower Equinox customers starting February 16 on the Apple App Store and Google Play store. It also will be available to all of SunPower’s 285,000 monitoring customers sometime in the second quarter. More info available here . SunPower also announced a partnership with EagleView, a technology provider of aerial analytics, to help reduce solar installation timelines and costs. SunPower said it has combined EagleView’s high-resolution Roof Reports with the new mySunPower Home Survey app, enabling solar installers and contractors to create precise, construction-ready solar designs without a home visit. The feature set is now available to the company’s nationwide network of more than 600 SunPower residential dealers. More info available here . The new mySunPower monitoring app. Image: SunPower 0% financing for home solar+storage Sunnova announced 0% APR financing for home solar and battery storage service with 25-year system protection. The company said new customers may now be eligible to go solar for as low as 0% APR and $0 down with the purchase of a new Sunnova SunSafe solar+battery storage system, or 0.99% APR and $0 down for the purchase of solar-only service. Sunnova said it provides its 25-year Sunnova Protect limited warranty service coverage for each solar+storage customer, offering maintenance, monitoring, repairs, and replacements. More info available here. AC-coupled residential battery system Electriq Power, a California-based developer of home energy storage, management, and monitoring solutions, launched its PowerPod 2 AC-Coupled solution, the latest addition to the company’s family of PowerPod residential battery systems. Image: Electriq Power According to Electriq Power, the cobalt-free PowerPod 2 AC-Coupled boasts higher power output with LFP-based batteries and three models of usable capacity—AC-10 (kWh), AC-15 (kWh), and AC-20 (kWh)—to help meet homeowner’s energy storage needs. The product integrates with most solar inverters and has four operating modes: backup, time of use, self-supply, and zero export. More info available here . Home solar partnership adds storage Technology provider Enphase Energy expanded its partnership with U.S. residential solar contractor Momentum Solar to include battery storage. Under the agreement, Momentum Solar will now promote and install Enphase Storage systems in addition to Enphase Solar systems as an all-in-one home energy management solution to homeowners. Momentum Solar currently serves customers throughout the US with operations in New Jersey, New York, Connecticut, Pennsylvania, Florida, Texas, California, and Nevada. More info available here. LONGi modules for rooftop solar LONGi officially launched its new 66C type Hi-MO 4 monofacial PV module (Hi-MO 4m) for the global distributed generation (DG) market. With an area of about 2 m2, weight of 22kg and power of 410-420W, the new module is designed for rooftops in residential, industrial, and commercial applications. In addition to 66C, the Hi-MO 4m series also offers 60C and 72C types. LONGi said these three products cover power ranges of 370-385 W, 410-420 W, and 450-460W, with maximum efficiency of up to 21%, providing DG users with wider flexibility and options. More info available here. Hi-MO 4m series modules. Image: LONGi Spruce expands into storage, chargers Spruce Finance, a Houston-based company with roots in energy efficiency and residential solar energy, has rebranded as Spruce Power. The name change reflects the company’s expanded business model to offer smart energy systems, now enabling customers to optimize and secure their existing solar-powered homes by adding battery storage and smart electric vehicle (EV) chargers. As a private owner and operator of residential solar assets, Spruce Power serves 80,000 homeowners with leased solar energy systems or energy efficiency upgrades, managing billing and providing operations and maintenance (O&M) services. More info available here . Rooftop solar survey solution Utah-based Loveland Innovations updated its drone-based IMGING site survey solution with a new suite of shading analysis tools. With an automated drone flight, rooftop solar design teams using IMGING can now receive solar access, TOF, and TSRF calculations in addition to existing CAD-ready 3D models, roof penetrations, 360° horizon reports, and site documentation data. The IMGING platform has an iOS app and uses drone flight capabilities to capture aerial data, such as roof and horizon imagery. More info available here. EV chargers for homes Wallbox, a Spain-based manufacturer of smart electric vehicle (EV) charging solutions, announced the arrival of Pulsar Plus, the company’s first home EV charger built or the North American market. Compatible with all EVs, Pulsar Plus is available in two configurations: 48Amp (hardwired) and 40Amp, which can be hardwired or connected via an included NEMA 14-50 plug. Image: Wallbox Features include flexible amperage setting, Bluetooth and Wi-Fi connectivity, charge scheduling, power sharing, the myWallbox app, and voice control via Amazon Alexa and Google Assistant. The 40Amp Pulsar Plus is shipping now; the 48Amp version will go on sale later this year. More info available here . This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com . “The solar coaster is going up,” said Bill Vietas, president of the renewable energy group at Gibraltar Industries. With the company’s latest acquisitions, Gibraltar plans to enjoy the ride. In early January, New York-based Gibraltar acquired both solar racking company TerraSmart and software provider Sunfig in separate deals totaling nearly $225 million. Vietas and Ryan Reid, president of TerraSmart, spoke with pv magazine USA to discuss the recent acquisitions and offer insights into the U.S. market. Family expansion Gibraltar first entered the solar space in 2015 when it acquired RBI Solar, a mounting solutions provider for commercial, utility-scale, and carport solar projects. Gibraltar grew its portfolio in 2018 with SolarBOS, an electrical balance-of-systems company. Bill Vietas Now, Gibraltar has welcomed TerraSmart and Sunfig to what Vietas called its “renewables family.” He said Gibraltar chose the two companies because of previous teamwork, shared cultures, and their technologies. Gibraltar bought Sunfig earlier this year in a deal worth $3.75 million. The software firm’s solutions help optimize solar energy investments through upstream design, performance, and financial modeling to meet customers’ needs at different stages of project development. In the larger of the two acquisitions, Gibraltar paid $220 million for TerraSmart, which provides screw-based, ground-mount solar racking technology. Reid joked that his company’s price tag wasn’t expensive, but “good value.” Vietas agreed. Both Sunfig and TerraSmart are slated to become product brands under the Gibraltar umbrella, with all current employees joining the team. “There’s a lot of opportunity for us hiring, as well as people growing within the company and taking on more roles,” Reid said. “The idea is expansion.” Reid said he saw this deal as an opportunity to boost TerraSmart’s products, integrated services, and innovation. Similarly, Gibraltar viewed these acquisitions as a way to expand its footprint in the U.S. market and become an end-to-end, turnkey provider of ground-mount infrastructure, tracker tech, and design software. “Putting that all together and having a good one-stop shop for customers to go to is really important to us,” said Vietas. Bad dirt Gibraltar already offered ground-mount racking solutions. However, Vietas said TerraSmart’s ground-screw technology was designed for tough soil and hilly terrain, which are a challenge for developers. Ryan Reid According to Reid, solar developers sometimes run into “land refusal” when trying to install ground-mount systems, leading to delays, pile deformations, or other issues. He said TerraSmart’s ground-screw technology can help eliminate such problems and open project development for more difficult sites. As the name suggests, the ground-screw solution has a spiral thread, which is designed to help minimize embedment depth and make it easier to install. The product’s forged tip helps pinpoint the screw for accuracy and ensure foundation plumbness. (For a photo of the ground screw, see this story’s main image.) “Years into this renewables revolution, a lot of ‘the good dirt,’ as we call it, may have been picked over,” Reid said. “You’re seeing more and more sites that are encountering issues.” Examples of so-called “bad dirt,” which some developers might typically avoid, include undesirable farmland, rocky spots in the Northeast, areas along the Appalachian Mountains, and volcanic or other hard soils in the West. TerraSmart’s racking solution at a rocky solar site. Image: TerraSmart Reid and Vietas suggested that developing projects on sites with bad dirt will only lead to more solar, overall. Nonetheless, there is still good dirt out there waiting to host projects. Reid said that the fact that Gibraltar is a larger, end-to-end organization with different design software, technologies, and resources will allow the company to “truly take an agnostic view of any site” and choose the best solution for a customer. Company expectations With Gibraltar’s two latest acquisitions complete, Vietas said it’s an “exciting time” and that Gibraltar plans to keep learning and growing in the U.S. solar market. That includes organic growth through in-house improvements, as well as longer-term inorganic growth through other potential acquisitions. “There’s certainly lots to do and lots of opportunity out there,” said Vietas. He said that Gibraltar is focused more on meeting customer demands and offering value, rather than on meeting any “specific number of acquisitions.” As for whether the industry should expect new product announcements anytime soon, Reid declined to answer and quipped, “We don’t want to give too much away just yet.” The partners did say they plan to place major attention on the growing utility-scale solar tracker market, a familiar space for TerraSmart. Over the past 10 years, TerraSmart has helped build more than 3 GW of ground-mounted, utility-scale solar projects across the U.S. In addition to fixed-tilt racking, the company’s current products include the single-axis tracker under the TerraTrak brand. “We’ll continue to have relevant solutions that make an impact to our clients’ bottom line and bring a different business model and level of experience that very few others have,” said Reid. “We feel that’s the growth strategy that will prevail.” With these deals, Gibraltar said it expects its solar energy platform within its Renewable Energy and Conservation segment to pass $700 million in organic revenue by 2025 from a pro forma fiscal 2020 revenue base of around $400 million. Market outlook Vietas and Reid were both optimistic about the U.S. solar industry and expressed little concern for unforeseen challenges, whether financial or political. “It’s a large market, and renewables are here to stay,” said Vietas. “Ten years ago, it was so up and down. Of course, nothing is going to be exactly straight, linear, and perfect. You’ll have the solar coaster–that’s not going to go away. But the solar coaster is going up.” Even after a contentious U.S. election and enduring political divides across the country, Reid said, “No matter what side of the aisle you’re on, there’s been a lot of interest to continue the renewable path that’s been forged over the past decade. We don’t really see too many disruptions ahead.” Gibraltar and TerraSmart are among many U.S. solar companies that have joined forces over the years. Vietas said such mergers and acquisitions are a positive sign. “I think it signals a healthy, growing market,” he said. “It also signals the fact that more investment wants to come into renewables. You could look at it as consolidation, I suppose, but I look at it as being able to provide value to customers at a deeper level.” This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com .

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