Mercury Solar Systems Expands in Pennsylvania with Acquisition of Eos Energy Solutions

PORT CHESTER, N.Y. and PHILADELPHIA, Feb. 9 /PRNewswire/ -- Mercury Solar Systems, the largest solar integrator on the East Coast, today announced that it has acquired Eos Energy Solutions, Pennsylvania's fastest growing solar system integrator, based in Center City Philadelphia. The acquisition strengthens Mercury's local footprint and reach on the Eastern seaboard which now spans Pennsylvania, New Jersey, New York (Westchester, Long Island and New York's five boroughs), and Connecticut.

"Eos Energy is a local market leader and provides us a platform to expand our affordable, turnkey solar energy solutions to businesses and homeowners throughout Pennsylvania," said Jared Haines, President, Mercury Solar Systems. "With state imposed rate caps on electricity set to expire at the end of the year, this is an excellent time to invest in solar energy. We look forward to helping more customers capitalize on the rebates being offered under the Pennsylvania Sunshine Solar Program."

Upon closing, Eos Energy will be re-branded Mercury Solar Systems. Eos Energy Founder, Andrew Kleeman, will lead Mercury's Pennsylvania division and oversee day-to-day operations.

Andrew Kleeman, Founder, Eos Energy, said, "Our ability to deliver customers cost effective solutions to invest in solar energy has been the key to our success.  Eos' relationship with Mercury Solar Systems will only enhance the depth of our product offering and allow us to accelerate the delivery of nearly 1 MW of solar energy systems now under contract. As the East Coast industry leader, Mercury Solar Systems understands the Philadelphia market and they are the perfect vehicle to accelerate solar power adoption in Pennsylvania."

About Mercury Solar Systems

Mercury Solar Systems is the largest solar integrator on the East Coast. The Company designs and installs solar electric and solar thermal energy systems for the commercial and residential marketplace and to date has installed over 1,000 solar systems totaling several million watts of energy. Mercury Solar Systems is a subsidiary of Mercury Energy (formerly Aquus Energy), a leading provider of solar energy systems throughout the United States, and backed by Oppenheimer & Co. Inc. For more information visit www.mercurysolarsystems.com.

Mercury Solar Systems is a registered trademark of Mercury Solar Systems, Inc.

About Eos Energy Systems

Founded in 2007, Eos Energy Solutions provides cost-effective solar solutions to residential and commercial clients in and around the Philadelphia area and beyond. With the largest certified staff in the state, the company is the leading solar integrator in Philadelphia.  It has completed scores of local solar projects, including an 85kW solar energy system, the largest private sector solar installation in Philadelphia. For more information visit www.eosss.com.

SOURCE Mercury Solar Systems, Inc.