Pineapple Energy Applauds Announcement of EPA’s $7B Solar for All Awards
25 Abril 2024 - 5:20PM
Pineapple Energy Inc. (“Pineapple”), a leading provider of
sustainable solar energy and backup power to households and small
business, today commented on the announcement of $7 billion in
awards through the Environmental Protection Agency’s Solar for All
program.
“Demand for clean, resilient rooftop solar paired with battery
storage remains strong, but unfortunately this energy choice has
not always been accessible for all households. These Solar for All
awards will play an important role in expanding solar
accessibility, so that underserved and disinvested communities have
access to the benefits of solar and storage.” said Kyle Udseth, CEO
of Pineapple Energy.
On April 22, 2024, the EPA announced 60 selectees that will
receive $7 billion in awards through the Solar for All grant
competition, funded through the Inflation Reduction Act. The EPA
estimates that this will enable over 900,000 households in
low-income and disadvantaged communities nationwide to benefit from
distributed solar energy.
Among the 60 awardees are the New York State Energy Research and
Development Agency (NYSERDA) and Hawai’i Green Infrastructure
Authority (HGIA). NYSERDA was granted $249,800,000 to enhance the
state’s existing portfolio of solar deployments, technical
assistance, and workforce development programs. The Agency will
also use the money to drive new programs to target barriers to
solar deployment for residents that live in disadvantaged
communities and low-income households. HGIA was granted $62,450,000
for program funds to finance residential rooftop, solar, storage
systems and residential-serving, community-owned solar systems for
low-income and disadvantaged communities statewide.
About Pineapple EnergyPineapple is focused on
growing leading local and regional solar, storage, and energy
services companies nationwide. Our vision is to power the energy
transition through grass-roots growth of solar electricity paired
with battery storage. Our portfolio of brands (SUNation, Hawaii
Energy Connection, E-Gear, Sungevity, and Horizon Solar Power)
provide homeowners and small businesses with an end-to-end product
offering spanning solar, battery storage, and grid services.
Forward Looking StatementsThis press release
includes certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including
statements regarding future financial performance, future growth or
growth opportunities, future opportunities, future flexibility to
pursue acquisitions, future cash flows and future earnings. These
statements are based on the Company’s current expectations or
beliefs and are subject to uncertainty and changes in
circumstances. Actual results may vary materially from those
expressed or implied by the statements here due to changes in
economic, business, competitive or regulatory factors, and other
risks and uncertainties, including those set forth in the Company’s
filings with the Securities and Exchange Commission. The
forward-looking statements in this press release speak only as of
the date of this press release. The Company does not undertake any
obligation to update or revise these forward-looking statements for
any reason, except as required by law.
Contacts: |
Kyle UdsethChief Executive
Officer+1 (952) 996-1674Kyle.Udseth@pineappleenergy.comEric
IngvaldsonChief Financial Officer+1 (952)
996-1674Eric.Ingvaldson@pineappleenergy.com |
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