Vivint Solar: Agreement with Brahma Group
LEHI, Utah - Vivint Solar (NYSE: VSLR), a leading provider of residential solar energy systems in the United States, and Brahma Group, a world-class industrial construction, project management and maintenance company, have entered into an agreement for the engineering, procurement and construction (EPC) of clean, renewable solar energy projects for commercial and industrial businesses and organizations across the U.S.
"Aligning ourselves with Brahma Group is an important step for Vivint Solar and marks one of the several key strategic relationships that Vivint Solar is involved with as we expand into the commercial and industrial market," said Jan Newman, Vice President of Business Development at Vivint Solar. "We are excited about doing business with Brahma as we enter this new market and we are confident that their experience will help us provide the best services to our commercial and industrial customers."
Vivint Solar will provide the financing, sales, and related services for the new commercial and industrial projects while Brahma Group, along with its partner Hunt Electric, will oversee the construction and engineering of those projects. Brahma Group has been rated one of the safest industrial contractors in the U.S. and has active solar projects nationwide.
"Brahma Group and our strategic partner, Hunt Electric, are thrilled to team with Vivint Solar on this significant entry into the commercial and industrial market," said Rob Fox, Vice President of Brahma Group. "For months we have worked with Vivint Solar to formulate a plan for mass deployment into this key market space. We have found Vivint Solar's approach to deployment in this market to be both calculated and innovative. It is not simply content to be a high volume installer. Instead, we have seen its innovation derive from an unwavering commitment to its customers, and an overriding commitment to the advancement of renewable energy in this country."
About Vivint Solar
Vivint Solar is a leading provider of distributed solar energy – electricity generated by a solar energy system installed at a customer's location – to residential customers in the U.S. Vivint Solar's residential customers pay little to no money upfront, receive significant savings relative to utility generated electricity and continue to benefit from guaranteed energy prices over the 20-year term of their contracts. Vivint Solar finances, designs, installs, monitors and services the solar energy systems to make things easy for its customers. For more information, visit www.vivintsolar.com or follow @VivintSolar.
About Brahma Group
Brahma Group is an industry-leading, full service general industrial construction company, with active projects nationally. Brahma is a major supplier of equipment and services to the power generation, refining, mining, biomass, industrial, solar, and waste-to-energy markets. Recently, Brahma Group and its strategic partner Hunt Electric, have been the primary contractor on solar projects totaling well in excess of 400 megawatts. This partnership maintains a robust commercial solar group comprised of broad-range solar capabilities. For more information, visit www.brahmagroupinc.com and www.huntelectric.com.
Vice President of Investor Relations