Canadian firm buys One Block Off the Grid
One Block Off the Grid CEO David Llorens. The company was acquired by a Canadian firm, according to a report Monday.
A Toronto-based solar power sales firm has acquired group solar sales company One Block Off the Grid, according to a story by Greentech Media.
One Block got its start negotiating discounts for groups of neighbors that wanted to go solar, taking a fee for passing those leads onto solar developers. But recently, as reported by yours truly, the company had moved into direct solar sales. Greentech Media says acquirer Pure Energies Group, was interested in One Block for its leads and sales generation capabilities. Buying the company is a quick way of bulking up a sales pipeline and will allow Pure Energies to take advantage of One Block's sales expertise.
Ontario, Canada, where Pure Energies operates, offers lucrative incentives for installing solar.
Greentech Media's story doesn't mention a Nov. 11, 2009, announcement that One Block had been acquired by Virgance, "a for-profit company that scales new activism ideas through the power of online social networks to create positive social change." (In fairness, the last story I did on the company didn't mention this acquisition either, because I'd never heard about it).
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