SUNation Energy, a New York-based installer of residential and commercial solar and storage systems, announced one of its subsidiaries is merging with Suniva, an American silicon solar cell manufacturer. SUNation is listed on the Nasdaq Capital Market, and that public listing should provide Suniva with access to more capital to fund its growing manufacturing plans.
A SUNation installation in New York.
Suniva will continue to operate under its name as it closes financing for its planned 4.5-GW solar cell plant in Laurens, South Carolina. The company operates an existing 1-GW cell plant in Georgia. See a list of U.S. manufacturers here.
“What we believe this combination gives us is the platform to execute our mission at the speed and scale the moment demands. Access to U.S. public capital markets means we can move faster, invest deeper and expand further into the domestic manufacturing capacity this country urgently needs,” said Tony Etnyre, Suniva CEO. “SUNation brings an established, customer-facing business that strengthens our foundation as we build toward that future together.”
The transaction has been approved by both companies’ boards and is targeted to close in the second half of 2026. The two companies say the merger allows the pair to “create a differentiated, fully domestic solar company with both manufacturing and customer-facing depth.”
“SUNation’s residential, commercial, storage and service business in high‑cost markets provides a ready channel to deliver Suniva’s American‑made cells to end customers,” a press release states.
SUNation was founded in 2003 and has been included on Solar Power World’s Top Solar Contractors List every year since its first release in 2012. The company has installed more than 120 MW of solar in total across New York, largely focused on Long Island. In 2022, Pineapple Energy acquired SUNation, eventually adopting the SUNation name. Today’s SUNation also supports Hawaii Energy Connection, an installer in the island state.
“We’ve spent the last two years transforming SUNation into a stronger, more disciplined and more resilient platform, and this proposed merger with Suniva is the next logical step in that journey,” said Scott Maskin, CEO of SUNation. “By bringing together Suniva’s U.S.-based solar cell manufacturing footprint with our high-growth residential, commercial and service businesses in some of the highest electricity-cost markets in the country, we believe we can deliver a unique domestic content offering for customers. SUNation’s residential and commercial capabilities, along with deep relationships with other leading installers across the country, should support Suniva and its module partners in accelerating American solar’s transition to a domestic supply chain.”
