Peck Company Takes Over iSun Energy, a Clean Energy Product Innovator

Peck Company Takes Over iSun Energy, a Clean Energy Product Innovator

US-based commercial solar engineering, procurement, and construction (EPC) firm The Peck Company has signed a binding term sheet to acquire iSun Energy LLC, a solar-powered electric vehicles (EV) provider. Peck will acquire iSun in an all-stock transaction.

After taking over, Peck will change itself to iSun Energy and trade on Nasdaq under the ticker “ISUN”. However, it will continue to serve the solar markets with rooftop and ground-mount solar installations. Also, Peck Data and Peck Electric business units will expand into new markets.

Additionally, iSun is offering its Mobility Hub, solar EV charging, and the iSun Oasis Smart Solar Bench to the Peck including its major public investments in renewables and electric mobility infrastructure and 500,000 electric vehicle charging stations.

Peck provides EPC services to solar energy customers for projects ranging in size from several kilowatts to multi-megawatt systems for commercial and utility-scale projects. Peck has installed over 200 megawatts of solar systems since it started installing solar PV in 2012 and continues its focus on profitable growth opportunities.

Jeffrey Peck, Chairman of the Board and Chief Executive Officer of Peck, stated, “The acquisition of iSun Energy with its strong brand and innovative products is transformational for Peck. Consistent with our full-service approach to customers, we are having more conversations about Energy as a Service as we reach new customers in the fast-growing clean energy, smart-city, and mobility industry.”

Jeffrey further added, “We expect the new relationships we build will be a catalyst for the company’s rapid growth. As we re-brand to iSun Energy and expand into new markets with higher-margin products, we are dedicated to profitable growth for our shareholders and to the high-quality service that our customers expect. We are also pleased to welcome Sass Peress as Chief Innovation and Experience Officer.”

Vermont based iSun Energy develops and deploys solar energy and e-mobility hubs. The company is on a mission to provide clean energy and mobility, through the delivery of solar energy generating structures, combined with EV charging, air quality tracking, and energy-resiliency services.

Speaking on joining hands with Peck, Sass Peress, Founder and Chief Executive Officer of iSun Energy, sated, “We create innovative products to serve important unmet needs in the industry, and joining with Peck assures that we will be able to deliver on the promises to a much wider audience, in manners more efficient and effective than ever before.

“We are proud to be joining Peck given the strength of their precision execution combined with our innovations are perfectly synergistic,” he further added.

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