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December 01, 2015 3:49 PM ET

Household Durables

Company Overview of Sungevity, Inc.

Company Overview

Sungevity, Inc. designs and installs solar panel systems for homeowners in the United States, the District of Columbia, and the Netherlands. Sungevity, Inc. has a strategic agreement with Crius Energy LLC. The company was incorporated in 2006 and is based in Oakland, California.

66 Franklin Street

Suite 310

Oakland, CA 94607

United States

Founded in 2006





Key Executives for Sungevity, Inc.

Co-Founder, Chief Executive Officer and Director
Co-Founder and Director
Age: 46
Co-Founder and Strategic Advisor
Acting Chief Financial Officer
Chief Technology Officer and Vice President of Software Development
Compensation as of Fiscal Year 2015.

Sungevity, Inc. Key Developments

Viridian Energy Selects Sungevity to Offer Solar Energy with the Power to Make Difference

Viridian Energy and Sungevity announced that they have entered into a new partnership to offer co-branded residential solar electricity through Viridian's network of 20,000+ Independent Associates. An integrated Sungevity-Viridian team will provide custom solar quotes without an initial home visit and also provide visibility into each homeowner's potential energy savings. In addition, dedicated, seasoned solar experts will be available seven days a week to answer customer questions and proactively manage each installation through to completion.

Crius Energy LLC Expands Solar Program Through Strategic Alliance with Sungevity, Inc

Crius Energy LLC and global solar energy provider Sungevity, Inc. have entered into a strategic agreement to offer residential solar energy systems and products through Crius Energy's family of energy brands. The co-branded offering will be enabled by Sungevity's technology platform, and will allow both companies to quickly access thousands of new potential customers in the fast-growing U.S. solar sector. Through the strategic alliance with Sungevity, Crius Energy will realize additional value from its existing solar business through improved economics, increased sales, and co-branded 20-year customer relationships. Crius will benefit from improved economics on each residential solar system sold through Sungevity, including increased compensation paid over the entire life of the customer relationship. Crius expects increased net sales of residential solar energy systems as a result of increased gross sales by leveraging Sungevity's technology platform and reduced customer cancellation rates due to Sungevity's extensive distribution network. Solar products sold through Sungevity will be co-branded with Crius Energy providing Crius with access to the 20+ year customer relationship. Crius expects the co-branded offering will create enhanced lifetime customer value through cross-selling opportunities. The alliance will also provide incremental benefit to the deregulated energy business as Sungevity will begin selling Crius Energy clean electricity products to existing and potential customers starting in the first quarter of 2016. Crius will continue to offer solar energy products in markets where Sungevity is not yet active through its current reseller agreement with SolarCity. Crius and Sungevity plan to aggressively open additional markets with a view to providing residential solar systems in all markets with a strong value proposition for customers.

The University of California Selects Sungevity, Inc

The University of California, Berkeley announced it has selected Sungevity, Inc., as its official solar energy partner for the next decade. Throughout the 10-year term, Sungevity will work with UC Berkeley students across academic disciplines to develop careers in the new energy economy with internships in solar design, engineering, strategic planning, operations efficiency, marketing and finance. To help Berkeley meet its carbon neutrality goal by 2025, Sungevity will partner with the Berkeley Energy and Resources Collaborative (BERC) on sustainability outreach and programming, and offer expertise to the campus' Office of Sustainability and Energy. Importantly, this partnership also focuses on reducing the regional carbon footprint by expanding renewable energy to the larger Cal community through innovative residential solar programs.

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