The bill, which is being considered in Senate committees after passing the state House, requires utilities to allow meter-mounted devices to connect between retail electric customer meters and meter sockets. These devices reduce complexity and installation time, ultimately saving homeowners money.
The acquisition will expand Otovo’s U.S. offerings to three states that rank among the highest in installed watts of small-scale solar per capita.
Solar industry workers from across the nation will attend the annual gathering to gain valuable skills, knowledge and insights from industry experts and representatives of companies from across the industry.
EnergySage reported a 205% increase in homeowner engagement on its home energy marketplace, alongside median pricing of $2.49 per watt, an average system size of 11.8 kW and a decrease in storage attachment rates in the rush to install systems before the end of 2025.
The company also predicts positive cash flow for 2026 as it shifts away from affiliate partners and toward a direct model under which it sells half of the storage and solar systems it builds to a third party upon installation.
The solar equipment and software provider said its new platform will help installers complete jobs faster and reduce the need for repeat truck rolls.
The acquisition brings together two privately held multi-generational businesses with more than 170 years of combined operational history.
The company’s stock price fell more than 12% in extended trading following the earnings announcement, partly due to lower-than-expected guidance for 2026 sales and revenue.
The company’s battery-backed energy plans offer 12 cents per kWh “all-in” energy costs for a $20 monthly fee to homeowners with or without solar panels in all deregulated Texas markets.
With affordability and reliability as its watchwords, leaders of the modern solar and storage industries are sure they can address the major questions of today’s energy landscape, but uncertainty lingers regarding external factors.
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