With Connecticut Governor Daniel P. Malloy and CEO Lyndon Rive in attendance for the grand opening of SolarCity’s Hartford operations center, the company – which has grown its Connecticut workforce from zero to 45 in the last year – announced that it is now seeking hires for an additional 15 open positions in the state.
Open positions include electricians, installers, sales staff, auditors, and project managers.
SolarCity officials said the expansion is due in large part due to the efforts of the state, through programs at Connecticut Clean Energy Finance and Investment Authority (CEFIA) and the Department of Energy and Environmental Protection (DEEP) to promote, develop and invest in clean energy and energy efficiency projects.
"I am pleased to see clean energy companies such as Solar City hiring more and more Connecticut residents as a result of last year's energy bill and the important energy initiatives we have put in place,” said Connecticut Governor Dannel P. Malloy. “Solar City's expansion in our state is just the latest example of how Connecticut is leading the way in driving down energy prices, increasing the availability of solar and other renewable energy resources and creating new jobs for our residents."
SolarCity provides a range of clean energy services that would otherwise be provided by several different companies, and can tailor service options for each customer’s energy needs.
The company provides solar design, installation, financing and performance guarantees, and consumer applications such as SolarGuard® and PowerGuide™ online energy monitoring services. Company services also include Energy efficiency evaluations and upgrades, and electric vehicle charging installation.
Since its initial launch in Connecticut, SolarCity has installed over 200 residential and commercial solar systems, and its commercial projects include the Regional Water Authority of Hamden and municipal projects for the cities of New Haven and Glastonbury.
“Connecticut and Governor Malloy are taking the right steps to create clean energy jobs and give people clean, affordable energy choices,” said SolarCity CEO Lyndon Rive. “With residents and businesses saving significant money on what they were paying for utility power, the state has become a center for the emerging cleantech economy.”
As for the IPO, shares of SolarCity climbed from an initial $8 a shae offering price to $11.79 in their first day of trading, a 47 percent gain.
Tesla Motors chairman and SpaceX CEO Musk, and Investors Draper Fisher Jurvetson, DBL, purchased a third of the available 11.4 million shares. SolarCity raised $92 million in the offering, and closed the day with a $585 million market capitalization.
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