Astrum Solar announced that it has secured an equity investment from Constellation Energy (NYSE: CEG) to support future growth and expansion efforts as it continues its mission to spread solar power to rooftops across America. Building on the belief that simplifying the process of going solar will lead to its widespread adoption, Astrum Solar provides the industry’s premier customer experience to help homeowners share in the personal rewards of going from energy consumers to clean energy producers.
“Constellation Energy’s commitment affirms Astrum Solar’s position as a leading player in the residential solar market,” said Astrum Solar President Vadim Polikov, PhD. “We remain focused on providing the absolute best customer experience and Constellation’s financial power and traditional energy expertise will accelerate our planned geographic expansion. An investment from a highly respected Fortune 500 energy company such as Constellation also signals the beginning of a new understanding of residential solar as a stable, mature, and fast-growing market whose time has come.”
“Residential continues to be a fast growing segment of the solar industry,” said Andrew Good, senior vice president of corporate strategy and development for Constellation Energy. “Astrum’s business model aligns with Constellation’s strategy of bringing more innovative solutions to customers and complements our commercial solar business, as well as our residential solar offerings through BGE Home.”