Simple Energies LLC Acquired by Helio Micro Utility

Solar energy projects financier and developer Helio Micro Utility has acquired renewable energy project development firm Simple Energies LLC. Simple Energies has 50 MW in the global pipeline. As part of the agreement, a veteran in the renewable energy sector Ty Jagerson, the CEO of Simple Energies, will serve in the executive management team of Helio Micro Utility as President. Jagerson had co-founded the Xerox PARC Cleantech Initiative.

Helio Micro Utility collaborates with financial partners to own, operate and develop utility-scale and large commercial solar assets both in the U.S. and elsewhere. In 2008, Helio Micro Utility collaborated with Citi Community Capital to develop a $100 million solar financing initiative called the Helio Green Energy Community Investment Fund. Helio Micro Utility’s sister firm HelioPower has installed over 1,000 solar energy systems throughout the world.

The Chief Executive Officer of Helio Micro Utility Mo Rousso stated that the addition of Jagerson to the company’s management assists improvement in financing, owning, operating and developing renewable energy assets. Moreover, the acquisition of Simple Energies helps increase the company’s presence in the renewable energy sector, especially in solar energy markets.