Perch Energy Acquires Solstice, Forging a US Community Solar Giant

BOSTON, Feb. 18, 2026 – Perch Energy today announced its acquisition of Solstice, a prominent community solar service provider, in a strategic move that solidifies its position as the dominant force in the U.S. community solar market. The deal, which sees Perch acquire the company from Mitsui & Co. subsidiary MyPower, creates an industry heavyweight that will manage over 3 gigawatts (GW) of solar capacity and serve more than 430,000 customers, marking a significant consolidation in America's rapidly expanding clean energy landscape.

A New Giant in Community Solar

The acquisition represents the second major strategic transaction for Perch in the last year, underscoring an aggressive growth strategy. It follows the company's landmark merger with Arcadia's community solar business in March 2025, a deal that at the time created the largest pure-play community solar platform in the nation. This latest acquisition of Solstice adds another 500 megawatts (MW) of contracted solar projects to Perch's already vast portfolio.

With the integration of Solstice, the combined entity will now oversee more than 1,000 solar projects spread across 16 states, from established markets like New York and Illinois to emerging ones such as New Mexico and Oregon. The deal is not just about scale, but also about talent and technology. Perch will absorb Solstice’s highly skilled teams, with key leaders including Solstice Co-Founder and CEO Sandhya Murali and VP of Growth and Asset Management Tyler Yasa assuming significant roles within the expanded company.

“Community solar continues to evolve, mature, and thrive in providing strong recurring clean energy savings to all American consumers,” said Bruce Stewart, CEO of Perch Energy, in a statement. He emphasized that the energy transition requires leading companies “to likewise transform and join forces to expand delivery of the best services to consumers, project owners and developers.”

Consolidation in a Booming Market

Perch's move comes as the U.S. community solar sector experiences explosive growth. Market research from firms like Wood Mackenzie projects the industry will add over 6 GW of new capacity between 2023 and 2027—a growth rate of 118%—and could reach a total installed capacity of 14 GW by the end of the decade. This rapid expansion has created a fiercely competitive environment where scale, technological efficiency, and market reach are paramount.

By acquiring Solstice, Perch not only removes a competitor but also integrates its specialized software, which provides asset owners with real-time project insights, and its proven sales channels. This allows the combined company to achieve significant economies of scale, a critical advantage in managing vast portfolios of small-scale subscribers. The new Perch entity's 3 GW capacity now dwarfs that of other notable players in the management space, such as Nautilus Solar Energy, which reported managing approximately 477 MW as of last year.

The transaction also highlights a broader trend of consolidation as the industry matures. By combining resources, companies like Perch can offer more robust and reliable services to solar farm developers, who depend on these platforms to subscribe customers and manage billing over the multi-decade lifespan of a solar project.

The Promise of Affordable Clean Energy

For consumers, the consolidation promises to make the benefits of solar power more accessible than ever. Community solar allows individuals—including renters, apartment dwellers, and those with unsuitable roofs—to subscribe to a local solar farm and receive credits on their electricity bills, effectively lowering their energy costs without any upfront investment or installation.

This model offers a crucial financial reprieve at a time when energy costs are a growing burden for American households. According to the U.S. Energy Information Administration (EIA), retail electricity prices have outpaced inflation since 2022 and are expected to continue their upward trend through 2026. Against this backdrop, the guaranteed savings of 5% to 20% typically offered by community solar programs become increasingly attractive. Perch Energy reports that it has already delivered over $100 million in cumulative savings to its customers to date.

Furthermore, the expansion of community solar plays a vital role in advancing energy equity. These programs are often designed to specifically benefit low-to-moderate-income (LMI) communities, which are disproportionately affected by high energy costs. Successful initiatives in states like Massachusetts and New York have demonstrated that community solar can provide hundreds of dollars in annual savings for households that need it most.

Beyond the Rooftop: A Blueprint for the Grid

The significance of this acquisition extends beyond corporate strategy and consumer bills; it underscores the growing importance of community solar as a critical component of the national energy infrastructure. Unlike massive utility-scale solar or wind farms that can take years to permit and build, community solar projects can be deployed up to four times faster, according to industry data. They connect directly to the local distribution grid, which helps improve grid resilience and reduces the need for costly new long-distance transmission lines.

The combination of Perch's established technology platform with Solstice's expertise is set to enhance this advantage. The company plans to leverage its integrated capabilities to offer solar developers a comprehensive suite of services, including superior reporting, enhanced billing and collections, and robust customer care solutions. This end-to-end support system is designed to accelerate the development and subscription of new solar projects, rapidly bringing more clean energy online.

“Our team possesses a shared vision with the Perch Energy team; a future where savings with clean energy is accessible to all,” noted Katsunori Nishida, CEO of MyPower Corp., the former parent of Solstice. He added that the combined entity will be an “excellent partner for developers of solar projects as they seek to rapidly bring new clean energy generation onto the power grid without delay.” This focus on enabling developers highlights the model's dual role: providing consumer savings while simultaneously fast-tracking the nation's transition to a cleaner, more distributed, and resilient energy system.