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Sungevity And E.ON Establish First Partnership In Europe To Expand Solar Energy Business

   Sungevity And E.ON Establish First Partnership In Europe To Expand Solar
                               Energy Business

  PR Newswire

  OAKLAND, California and AMSTERDAM, June 4, 2014

 -- Sungevity Acquires Dutch Partner Zonline to Manage European Operations

OAKLAND, California and AMSTERDAM, June 4, 2014 /PRNewswire/ -- Sungevity,
Inc. , a recognized leader in the global solar market, today announced a
partnership with E.ON Benelux , a division of one of the world's largest
investor-owned utility companies, under which Sungevity will offer its turnkey
solar energy service to E.ON's base of customers in the Netherlands on a
co-branded basis. The partnership is expected to expand to other European
countries in the near future and is part of Sungevity's increased focus on
international expansion, which is expected to include a full range of
marketing initiatives and strategic partnerships in targeted markets around
the globe.

E.ON SE last month made a strategic investment in Sungevity that set the stage
for the current partnership and helped the solar energy provider raise a total
of $70 million in new equity financing from a consortium of new and existing
investors. E.ON has been successful in the solar business in multiple European
countries, entered the Dutch solar market in 2012, and plans to use the
partnership with Sungevity to expand its solar energy footprint.

To facilitate its European expansion, Sungevity has converted its minority
stake in Dutch solar startup Zonline to full ownership. Sungevity will retain
and expand the Zonline workforce, including CEO Frank Goovaerts and founder
Roebyem Anders, and rebrand the company as Sungevity Netherlands. The new
entity will serve as Sungevity's European headquarters, and will manage and
support the solar services provided to E.ON customers as well as other
Sungevity customers acquired through separate marketing initiatives and
partnerships. Sungevity's acquisition of Zonline closed on May 22, 2014.

E.ON customers purchasing Sungevity's services will reap the benefits of
Sungevity's remote solar design capabilities and proprietary iQuote instant
quoting technology that eliminates the need for upfront site visits through
the use of satellite imagery and aerial photography. Quotes include estimated
cost savings over conventional energy sources based on buyers' historical
consumption rates.

Sungevity first entered the European market through a joint venture
partnership with Zonline announced in November 2011, and launched its brand in
Australia in April 2012.

"As the second-highest-priced energy market in Europe, the Netherlands is an
ideal place to begin our strategic partnership with E.ON," said Andrew Birch,
Sungevity's Chief Executive Officer. "Being able to tap into their customer
base, their brand recognition and their credibility as one of the largest
utilities in Europe gives us a solid route to market with extensive growth
potential in the face of rising demand for alternative energy sources."

"Partnering with Sungevity will help us achieve one of our core objectives –
to improve people's lives as a global sustainable energy provider and
preferred partner for energy solutions," said Roel Meijerink, Sales Director,
E.ON Benelux. "Offering Sungevity's solar services will give customers a
broader choice backed by software technology that simplifies the sales process
both for us and for the end consumer."

About Sungevity, Inc.

Sungevity is a global solar energy provider focused on making it easy and
affordable for homeowners to benefit from solar power. Leveraging proprietary
remote solar design technology, Sungevity can deliver a firm quote instantly
without a home visit and provide homeowners with immediate visibility to
savings on their electricity bills. The company continues to grow its global
customer base and now services nine U.S. states, the District of Columbia, The
Netherlands and Australia. Sungevity also is Lowe's exclusive US partner in
residential solar, and was recently recognized by B Corp as one of the "Best
for the World" companies for using the power of business to solve social and
environmental problems. For more information, visit www.sungevity.com .

About E.ON SE

E.ON is a major investor-owned energy supplier. At facilities across Europe,
Russia, and North America, the company's more than 62,000 employees generated
approximately EUR122.5 billion in sales in 2013. In addition, there are
businesses in Brazil and Turkey managed jointly with partners. E.ON's
diversified business consists of renewables, conventional and decentralized
power generation, natural gas, energy trading, retail and distribution. The
company supplies around 35 million customers ^ with energy, owns about 61 GW
generation capacity, and is one of the world's leading renewables companies.
For more information, visit www.eon.com .

Website: http://www.sungevity.com
Contact: John Ordona, Sungevity, Inc., +1 (510) 496-5673,
jordona@sungevity.com
 
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