SUNation Energy Acquisition | Energy Deal in NY

SUNation Energy acquisition: SUNation Energy, Inc. has completed the acquisition of SUNation Energy, a renewable energy business in New York, for $1.1 million. SUNation Energy provides sustainable solar energy and backup power solutions for residential, commercial, and municipal customers, combining solar and battery storage services. The company also supports grid services through its end-to-end offerings and local and regional solar and storage growth strategy across NY. The other acquisition is a closed energy M&A action tied to eliminating remaining legacy debt of about $1.1M from a wholly-owned subsidiary’s long-term promissory note, reducing monthly payments and improving cash flow.