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Two Companies Which Have Offered Retail Energy Shopping Services Announce Merger
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Arcadia and Perch Energy announced a new venture merging their respective community solar businesses, which will be majority-owned by Arcadia.
Bruce Stewart, President and CEO of Perch, will serve as the CEO of the new company and sit on the Board of Directors, while Kiran Bhatraju will continue to serve as CEO of Arcadia and also sit on the new venture’s board.
Both companies focus on community solar, but both offer, or have offered in the past, a retail energy shopping and/or concierge service
Together, the new venture will manage over 3 GW of solar capacity across 1,000 solar projects in 16 states, serving over 300,000 residential customer equivalents
"The joint venture will leverage the best of both companies, from Arcadia's market-leading customer acquisition, billing, and utility data software, to Perch’s historical strength serving commercial customers, Production-to-Payment reporting capabilities, and the combined teams’ management leadership and policy expertise — ensuring a smooth transition for all customers," the companies said
"The new entity is well-capitalized for organic growth and continued M&A opportunities in the sector," the companies said
The companies said that while the new venture will operate as an independently managed entity, Arcadia's platform business will continue to leverage the scale of this expanded community solar presence in its C&I-focused energy procurement advisory offering.
In a separate transaction, Arcadia recently acquired RPD Energy
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March 11, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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