Apr 13, 2021

Solar rooftop array on Westmont Industrial Complex, California.Image by PermaCity. April 13 (Renewables Now) - US renewable energy company Catalyze Inc on Monday announced that it has taken over California-based solar developer PermaCity Corp. Founded in 2003, PermaCity has developed over 100 MW of installed and operating solar capacity, including the biggest solar rooftop array in the USA at the Westmont Industrial Complex in San Pedro with a capacity of 16.4 MW. The company will become a business unit of Catalyze and will still be led by CEO Jonathan Port. The financial details of the deal were not disclosed. PermaCity has committed to delivering over 400 MW of projects over the coming years, so the acquisition will expand Catalyze's project pipeline to over 2 GW, the buyer said. The transaction brings PermaCity's rooftop solar panel mounting technology SolarStrap to Catalyze, while PermaCity will be able to offer Catalyze's battery storage solutions to existing and new customers. The deal is part of Catalyze's market consolidation strategy and follows the acquisition of battery storage business Prisma Energy Solutions at the beginning of 2021. More stories to explore