Perch Energy Acquires Solstice To Become The Largest Pure-Play Community Solar Acquisition And Management Platform In The U.S.

Perch Energy has announced the acquisition of Solstice, a well-known and fast-growing company that specializes in customer acquisition and management for community solar projects. Solstice was previously owned by MyPower, a subsidiary of Mitsui & Co. This acquisition positions Perch as the largest and most experienced pure-play community solar servicing platform in the United States. By bringing Solstice into its operations, Perch strengthens both its customer-facing capabilities and its reach across all major community solar markets. Solstice also brings a highly skilled workforce in technology, sales, and operations, along with additional financial support for Perch’s continued growth.

With this acquisition, Perch will take over Solstice’s operating and contracted solar projects and subscriber base. In total, Perch will now manage more than 3 GW of solar capacity across over 1,000 projects in 16 states, serving the equivalent of more than 430,000 residential customers through its proprietary software and automation systems. Solstice’s contribution includes a portfolio of contracted solar projects totaling 500 MW of capacity.

This milestone follows a major announcement in March 2025, when Perch and Arcadia revealed their plan to combine their community solar businesses into a new, standalone company. The acquisition of Solstice is Perch’s second major move in the past year and reflects its strategy to become the most dependable and scalable partner in the community solar ecosystem. Perch remains committed to delivering meaningful energy bill savings for households and businesses, especially at a time when electricity costs continue to rise. According to data from the U.S. Energy Information Administration, retail electricity prices have been increasing faster than inflation since 2022 and are expected to continue climbing through 2026. Perch has already helped customers save an estimated $100 million to date.

Perch Energy CEO Bruce Stewart emphasized that the community solar sector is rapidly evolving and that companies must scale and adapt to support the growing demand for clean, affordable energy. He noted that Perch and Solstice share a commitment to expanding access to renewable energy and strengthening the services available to consumers, developers, and project owners. Stewart also highlighted Perch’s ongoing investment in a strong technology platform designed to support project developers and sales partners for the long term. By combining Perch’s strengths with Solstice’s capabilities and experienced team, the company is better positioned to deliver savings and clean energy across the country.

Together, Perch and Solstice will support more than 86 solar project owners across both mature and emerging community solar markets. Perch has a strong presence serving residential and commercial customers in New York, Illinois, Massachusetts, New Jersey, Minnesota, Maine, Maryland, Virginia, and Oregon. Solstice adds established operations in states such as Illinois, New York, and New Mexico, along with a presence in several other expanding markets.

The combined organization will benefit from increased stability through scale, long-term investment, policy and technology leadership, and a proven ability to deliver reliable service. Both Perch and Solstice have demonstrated strong performance for their solar developer partners and excellent customer service for commercial, residential, and low-to-moderate-income customers. With Solstice joining the company, Perch will continue advancing the transformation it began following its merger with Arcadia, enhancing operational capabilities to support its larger customer base.

The platform will offer improved developer reporting, upgraded billing and collections tools, strong customer care services, utility integrations, and a broad network of digital and traditional sales partners capable of acquiring residential, commercial, and LMI customers at scale. The company will also benefit from a strong pool of commercial clients and team members with deep experience dating back to the earliest stages of the community solar industry.

Katsunori Nishida, CEO of MyPower Corp., noted that both Perch and Solstice share a vision of making clean energy savings accessible to all, especially in markets where solar offers strong economic benefits. He stated that the combined strengths of the two companies will allow them to better serve millions of Americans looking to lower their electricity costs with solar energy, while also supporting developers as they work to bring new clean energy projects online without unnecessary delays. Solstice will also contribute leadership expertise to Perch Energy. Sandhya Murali, Co-Founder and CEO of Solstice, along with Tyler Yasa, Solstice’s Vice President of Growth and Asset Management, will step into important leadership roles at Perch. Additional members of the Solstice team will also join the company as part of the transition.