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Perch Energy Announces Acquisition From Mitsui
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Perch Energy today announced the acquisition of Solstice, a service provider specializing in customer acquisition and management for community solar development, formerly owned by MyPower, a wholly-owned subsidiary of Mitsui & Co.
"This dynamic combination strengthens Perch’s acquisition and management capabilities and its market footprint across all community solar markets," Perch said
Following the acquisition of Solstice’s operational and under-contract solar projects and subscribers, Perch will manage over 3GW of solar capacity across 1,000+ solar projects in 16 states, serving over 430,000 residential customer equivalents with proprietary software technology and automation. Solstice will contribute a portfolio of contracted solar projects representing 500 megawatts of capacity.
Perch and Solstice will serve over 86 solar project owners in both mature and emerging community solar markets across the nation. "Perch’s historical strength serving residential and commercial customers in states including New York, Illinois, Massachusetts, New Jersey, Minnesota, Maine, Maryland, Virginia, and Oregon will pair with Solstice’s established footprints in Illinois, New York, and New Mexico, among other states," Perch said
Sandhya Murali, Co-Founder and CEO of Solstice, and Tyler Yasa, Solstice’s VP of Growth and Asset Management, will assume "key leadership roles" at Perch Energy, amongst other Solstice employees joining the company, Perch said
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February 18, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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