SUNation Energy Secures Exclusive Collaboration with Empire Automotive Group
SUNation Energy, a subsidiary of Pineapple Energy Inc. (Nasdaq: PEGY), has secured an exclusive agreement with Empire Automotive Group (EAG) to provide electric vehicle (EV) home charging stations. EAG, one of New York State's largest automotive dealership groups with 20 locations, will offer complimentary SUNation Energy Level 2 EV charging stations to new EV clients.
The collaboration aims to create a new potential revenue stream by introducing EV owners to residential solar power. Scott Maskin, Interim CEO of Pineapple Energy and SUNation founder, emphasized the customer-first approach shared by both companies. The agreement includes staff training and dedicated resources for EAG customers.
Michael Brown, EAG's owner, cited SUNation's reputation for excellent customer service as a key factor in the partnership. The program will be rolled out to individual EAG dealers in the coming months, addressing the fragmented Level 2 EV charging infrastructure market and potentially increasing residential solar adoption among EV purchasers.
SUNation Energy, una sussidiaria di Pineapple Energy Inc. (Nasdaq: PEGY), ha ottenuto un accordo esclusivo con Empire Automotive Group (EAG) per fornire stazioni di ricarica domestica per veicoli elettrici (EV). EAG, uno dei più grandi gruppi di concessionarie automobilistiche dello Stato di New York con 20 sedi, offrirà stazioni di ricarica EV Level 2 di SUNation Energy ai nuovi clienti EV senza costi aggiuntivi.
La collaborazione mira a creare una nuova potenziale fonte di entrate introducendo i proprietari di EV all'energia solare residenziale. Scott Maskin, CEO ad interim di Pineapple Energy e fondatore di SUNation, ha sottolineato l'approccio incentrato sul cliente condiviso da entrambe le aziende. L'accordo include formazione del personale e risorse dedicate per i clienti di EAG.
Michael Brown, proprietario di EAG, ha citato la reputazione di SUNation per un servizio clienti eccellente come un fattore chiave nella partnership. Il programma sarà lanciato presso i singoli concessionari EAG nei prossimi mesi, affrontando il mercato frammentato delle stazioni di ricarica EV Level 2 e aumentando potenzialmente l'adozione dell'energia solare residenziale tra gli acquirenti di EV.
SUNation Energy, una subsidiaria de Pineapple Energy Inc. (Nasdaq: PEGY), ha obtenido un acuerdo exclusivo con Empire Automotive Group (EAG) para proporcionar estaciones de carga en casa para vehículos eléctricos (EV). EAG, uno de los grupos de concesionarios automotrices más grandes del estado de Nueva York con 20 ubicaciones, ofrecerá estaciones de carga EV Nivel 2 de SUNation Energy a nuevos clientes de EV sin costo adicional.
La colaboración tiene como objetivo crear un nuevo potencial flujo de ingresos al presentar a los propietarios de EV la energía solar residencial. Scott Maskin, CEO interino de Pineapple Energy y fundador de SUNation, enfatizó el enfoque centrado en el cliente compartido por ambas empresas. El acuerdo incluye formación del personal y recursos dedicados para los clientes de EAG.
Michael Brown, propietario de EAG, citó la reputación de SUNation por su excelente servicio al cliente como un factor clave en la asociación. El programa se implementará en los concesionarios individuales de EAG en los próximos meses, abordando el mercado fragmentado de estaciones de carga EV Nivel 2 y aumentando potencialmente la adopción de energía solar residencial entre los compradores de EV.
SUNation Energy는 Pineapple Energy Inc. (Nasdaq: PEGY)의 자회사로, Empire Automotive Group (EAG)와 독점 계약을 체결하여 전기 자동차 (EV) 가정용 충전소를 제공하게 됩니다. EAG는 뉴욕주에서 가장 큰 자동차 대리점 그룹 중 하나로 20개 지점을 운영하고 있으며, 새로운 EV 고객에게 complimentary SUNation Energy Level 2 EV 충전소를 제공합니다.
이번 협업은 EV 소유자에게 주택용 솔라 파워를 소개하여 새로운 잠재 수익원을 창출하는 것을 목표로 합니다. Pineapple Energy의 임시 CEO이자 SUNation의 창립자인 Scott Maskin은 두 회사가 공유하는 고객 우선 접근 방식을 강조했습니다. 계약에는 EAG 고객을 위한 직원 교육 및 전용 리소스도 포함됩니다.
EAG의 소유주인 Michael Brown은 파트너십에서 SUNation의 우수한 고객 서비스에 대한 명성이 중요한 요소라고 언급했습니다. 이 프로그램은 향후 몇 달 내에 개별 EAG 딜러에게 배포될 예정이며, Level 2 EV 충전 인프라 시장의 왜곡된 모습을 해결하고 EV 구매자 사이에서 주택용 솔라 adoption을 증가시킬 가능성이 있습니다.
SUNation Energy, une filiale de Pineapple Energy Inc. (Nasdaq: PEGY), a signé un accord exclusif avec Empire Automotive Group (EAG) pour fournir des stations de recharge domestique pour véhicules électriques (EV). EAG, l'un des plus grands groupes de concessionnaires automobiles de l'État de New York avec 20 sites, offrira des stations de recharge EV de niveau 2 de SUNation Energy gratuitement aux nouveaux clients EV.
Cette collaboration vise à créer un nouveau potentiel de revenus en présentant aux propriétaires d'EV l'énergie solaire résidentielle. Scott Maskin, PDG par intérim de Pineapple Energy et fondateur de SUNation, a souligné l'approche axée sur le client partagée par les deux entreprises. L'accord comprend la formation du personnel et des ressources dédiées pour les clients d'EAG.
Michael Brown, le propriétaire d'EAG, a cité la réputation de SUNation pour son excellent service client comme un facteur clé de ce partenariat. Le programme sera déployé chez les concessionnaires individuels d'EAG dans les mois à venir, s'attaquant ainsi au marché fragmenté des stations de recharge EV de niveau 2 et augmentant potentiellement l'adoption de l'énergie solaire résidentielle parmi les acheteurs d'EV.
SUNation Energy, eine Tochtergesellschaft von Pineapple Energy Inc. (Nasdaq: PEGY), hat eine exklusive Vereinbarung mit der Empire Automotive Group (EAG) zur Bereitstellung von Heimladestationen für Elektrofahrzeuge (EV) getroffen. EAG, eine der größten Automobilvertriebsgesellschaften im Bundesstaat New York mit 20 Standorten, wird neuen EV-Kunden kostenlose SUNation Energy Level 2 EV-Ladestationen anbieten.
Die Zusammenarbeit zielt darauf ab, einen neuen potenziellen Einnahmenstrom zu schaffen, indem EV-Besitzer mit Solarenergie für den Wohnbereich vertraut gemacht werden. Scott Maskin, Interim-CEO von Pineapple Energy und Gründer von SUNation, betonte den kundenorientierten Ansatz, den beide Unternehmen teilen. Die Vereinbarung umfasst Schulungen für das Personal und Ressourcen, die speziell für EAG-Kunden bereitgestellt werden.
Michael Brown, der Eigentümer von EAG, nannte den hervorragenden Kundenservice von SUNation als einen entscheidenden Faktor für die Partnerschaft. Das Programm wird in den kommenden Monaten bei einzelnen EAG-Händlern eingeführt, um den fragmentierten Markt für Level 2 EV-Ladestationen anzugehen und potenziell die Akzeptanz von Solarenergie in Haushalten unter EV-Käufern zu erhöhen.
- Exclusive agreement with Empire Automotive Group to provide EV home charging stations
- Potential new revenue stream by introducing EV owners to residential solar
- Complimentary Level 2 EV chargers offered to EAG's new EV clients
- Expansion into the growing EV market segment
- Partnership with one of New York State's largest automotive dealership groups (20 locations)
- None.
Insights
This collaboration between SUNation Energy and Empire Automotive Group (EAG) represents a strategic move in the evolving EV and renewable energy landscape. By offering complimentary Level 2 EV chargers to new EV buyers, SUNation is positioning itself at the forefront of the growing intersection between electric vehicles and residential solar power.
The partnership has several potential benefits:
- New revenue stream for SUNation through EV charger installations
- Increased exposure to potential solar customers
- Enhanced value proposition for EAG's EV buyers
- Potential for upselling solar installations to offset charging costs
However, the impact on Pineapple Energy's (PEGY) stock may be in the short term. With a market cap of
Investors should monitor the rollout of this program and any subsequent increase in SUNation's solar installations or revenue growth. While promising, it's important to note that the financial terms of the deal are not disclosed, making it difficult to quantify the immediate impact on PEGY's bottom line.
Agreement Creates New Potential Revenue Stream By Introducing new EV Owners to Residential Solar Powered by SUNation
RONKONKOMA, N.Y., Oct. 10, 2024 (GLOBE NEWSWIRE) -- SUNation Energy, the New York-based subsidiary of Pineapple Energy Inc. (Nasdaq: PEGY), has been chosen as the exclusive provider of electric vehicle (“EV”) home charging stations for Empire Automotive Group.
Empire Automotive Group (“EAG”), one of the largest automotive dealership groups in New York State with a total of 20 locations, will provide complimentary SUNation Energy Level 2 EV charging stations to their new EV clients.
The program will be rolled out to individual EAG dealers in the coming months.
“This is a groundbreaking agreement and I’m excited to expand this part of our business with EAG,” said Scott Maskin, Interim CEO of Pineapple Energy and founder of SUNation. “Our business model is cohesive with EAG, customer first, period, end of story.”
Level 2 EV chargers, which EV owners typically need to purchase in addition to their new vehicle, provide an at-home charging capacity of 240v, allowing for a faster, more convenient experience for the vehicle owner. Through this new agreement with SUNation, EAG clients can receive their complimentary Level 2 charger through the Ronkonkoma-based 21-year-old solar company with the option of adding solar to their home for even more money-saving opportunities.
“The SUNation brand in New York symbolizes the highest level of customer service and the only choice to partner with,” said Michael Brown, the owner and operator of EAG. “We see increased adoption of electric vehicles; our clients trust us and they deserve the best. The agreement will incorporate complimentary at-home EV charging stations, training for our staff, and a dedicated, trusted resource for EAG customers. We see month over month growth in this segment.”
“The Level 2 EV charging infrastructure is fragmented with most vehicle manufacturers offering charging stations for purchase and connections to third party installers. It’s a cold hand off when the vehicle purchaser really wants a local company,” Maskin added. “Recent studies show that a significant percentage of EV purchasers are more inclined to adopt residential solar in an effort to offset the costs of at-home vehicle charging - that’s our wheelhouse.”
About Pineapple Energy
Pineapple is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation Energy, Hawaii Energy Connection, E-Gear) provide those within the Residential and Commercial sectors an end-to-end product offering spanning solar, battery storage, and grid services.
Forward Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth, and future opportunities. These statements are based on Pineapple Energy’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements here due to changes in economic, business, competitive or regulatory factors, and other risks and uncertainties, set forth in the company’s filings with the Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date of this press release. Pineapple Energy does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.
Contacts:
Scott Maskin
Interim Chief Executive Officer
+1 (631) 823-7131
SMaskin@sunation.com
Pineapple Investor Relations
IR@pineappleenergy.com
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