Fourth Wave (based in San Jose), a home energy solutions firm, announces plans to obtain solar tile firm DeSol Power Tiles in continued expansion in the residential solar space, leveraging it’s public status and looking to bolster the business and volatile stock price.
We’ve covered Fourth Wave before when they announced their reverse merger to acquire Pierre Corp, a development project combining geothermal, solar and a number of other technologies with the goal of getting to net zero residential homes.
This acquisition of DelSol is interesting, will be interesting to see what the pro-forma looks like.
The business intends to manufacture, market and distribute throughout North America solar tile roofs made by DeSol Power Tiles. The DeSol solar roof program integrates functionality and design. The patented system uses roof tiles, not solar panels, as not to affect the architectural or aesthetic appeal of a roof. With a simple, flat design, depending on the traditional Georgian design, DeSol roof tiles can match the home with a completely sealed, walkable surface which covers the entire roof. Currently manufactured in the U.S., DeSol solar roof tiles provide a beautiful solution with a performance guaranteed for 30 years.
The system is easily installed by local contractors, roofers and programmers with the assistance of an electrician for wiring. Due to this simplicity of installation the company plans to scale quickly and effectively.
Residential and industrial buildings create approximately 30 percent of all greenhouse gas emissions and also have become a significant target of climate activists on the path to a zero or low carbon future. The US has approximately 80 million houses and only about 3 percent have been converted to solar powered clean energy.
The DeSol Tile was designed and developed in the United States with a Belgium based solar scientist in reaction to the expanding requirement for an ascetically pleasing solar roofing option.
“We are extremely pleased to have the ability to add the item to our company. Solar tiles provide a unique and increasingly popular solar option as they’re widely regarded as more aesthetically pleasing, more cost effective and can be readily installed.”
Joseph Isaacs, FWAV CEO
Deep background and technical expertise in alternative energy with a focus on corporate development and funding innovation in the solar industry. Currently reporting on current trends and opportunities in solar and uncovering early and mid-stage companies poised to shift the way we produce and use energy.
