American Securities has acquired Staten Solar, an international developer and EPC of solar PV, Storage, and Fast EV Charging systems, for an undisclosed amount. Founded in 2008 and based in Silicon Valley with a subsidiary in New Delhi, Staten Solar focuses on commercial and utility solar PV applications. The acquisition marks a significant move for American Securities, integrating a company known for designing and commissioning over 1000 MW of photovoltaic systems for diverse clients including utilities, office buildings, plants, and agricultural operations.
Staten Solar is recognized for its innovation DNA and financing abilities, which form the foundation for delivering added value to its clients. The firm specializes in overcoming complex design challenges, exemplified by its development of the world's first levee-mounted solar system and its work integrating solar solutions into high-profile architectural designs for corporate offices. Staten Solar maintains strong relationships with key equipment manufacturers such as Sunpower, Boviet, and Canadian Solar, enabling it to design and install various system types, including rooftop, floating, carport, and ground-mount configurations. The company concentrates on systems 350kW and larger, with projects ranging from 0.5-5MW in California and over 20MW in India and Africa.
This acquisition is strategically significant, providing American Securities with an established platform in the rapidly expanding renewable energy market. Staten Solar's proven expertise in complex project execution, its international footprint, and its robust track record in commercial and utility-scale solar, storage, and EV charging align with growth opportunities in sustainable infrastructure. The integration is expected to leverage Staten Solar's technical capabilities and market relationships with American Securities' resources, potentially accelerating expansion and enhancing service offerings.
The combined entity is positioned to capitalize on the increasing demand for renewable energy solutions globally. By uniting Staten Solar's innovative engineering and project delivery strengths with American Securities' backing, the acquisition aims to drive continued growth in large-scale solar PV, energy storage, and EV charging infrastructure, further solidifying its presence in key markets.