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December 26, 2023

Altus Power expands into new regions following acquisitions

Photo | Pixabay An example of solar arrays.

Stamford-based Altus Power announced two acquisitions this month that expand the company’s footprint in the west and southeast U.S., the company said.

Altus Power, a clean electric energy technology company that went public with an initial public offering in 2021, said that it has purchased both Unico Solar Investors and Project Hyperion LLC, two companies that also operate in the clean energy sector.

In the Unico Solar deal, Altus Power has acquired the company’s two offices in Denver, Colorado and Seattle, Washington, in addition to the company’s solar development platform. The leadership team at Unico Solar will join Altus Power, the company said.

In the other deal, Altus Power acquired 121 megawatts of solar assets from Project Hyperion. Those solar arrays are primarily located in North Carolina and South Carolina, the company said.

In October, Marcum named the company one of its 2023 Tech Top 40 winners, and the overall winner in the energy, environment, or green technology category.

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