July 10, 2014 2:17 AM ET

Electrical Equipment

Company Overview of SolarCity Corporation

Company Overview

SolarCity Corporation designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States. It offers solar energy systems; solar lease and power purchase agreement finance products; and energy efficiency products and services, as well as develops a proprietary battery management system, which is designed to enable remote, bidirectional control of distributed energy storage that can provide benefits to customers, utilities, and grid operators. The company also sells electricity generated by solar energy systems to customers. It offers its products and services through direct outside sales force; door-to-door sales f...

3055 Clearview Way

San Mateo, CA 94402

United States

Founded in 2006

4,262 Employees

Phone:

650-638-1028

Fax:

650-638-1029

Key Executives for SolarCity Corporation

Co-Founder
Age: 37
Total Annual Compensation: $276.1K
Co-Founder
Age: 39
Total Annual Compensation: $276.1K
Chief Financial Officer and Principal Accounting Officer
Age: 57
Total Annual Compensation: $291.0K
Chief Operations Officer
Age: 36
Total Annual Compensation: $175.0K
Executive Vice President of Process Engineering
Age: 34
Total Annual Compensation: $101.2K
Compensation as of Fiscal Year 2013.

SolarCity Corporation Key Developments

SolarCity Expects to Build Plants Within Next 2 Years

SolarCity expects in the future to build a solar panel plant that are, in order of magnitude, bigger than any plant that exist in the world to ensure they are taking maximum advantage of scale. They were also very excited about the fact that they are currently in discussions with the state of New York to build the initial manufacturing plants, which is a continuation of the relationship that was initially developed by the Silevo team. And the initial fund of the target capacity greater than 1 gigawatt within the next 2 years. So with that built, it'll be one of the single large solar panel production plant in the world and should create thousands of jobs in the area. The company also planning to create a Silicon Valley research facility and pilot plant. And this is going to be essential, so that they can continue to iterate through the technology and to make sure that they meet and possibly exceed its efficiency targets.

Silevo, Inc., SolarCity Corporation - M&A Call

To discuss on definitive agreement to acquire Silevo

SolarCity Mulls Acquisitions

SolarCity Corporation (NasdaqGS:SCTY) may acquire additional photovoltaics companies as needed to ensure clear technology leadership.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 17, 2014
Silevo, Inc.
Private Placement
March 21, 2014
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Merger/Acquisition
January 15, 2014
Common Assets LLC
 

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