Principal Solar Acquires Capstone Solar

Joanna Schroeder

Principal Solar, Inc. (PSI) has announced its acquisition of Capstone Solar, a news and networking site geared to solar professionals. Terms were not disclosed but Principal Solar said the deal fits within their unique company solar strategy. Capstone Co-Founder Dan Bedell said it is great to find a group of people so committed to the advancement of solar power as the PSI team and he believes the company has the wherewithal to bring its vision to fruition.

“We look forward to combining Capstone’s interactive web conferences and dynamic communities with the existing resource base of PSI’s Definitive Solar Library—an online library that is under development and dedicated exclusively to the solar industry,” said Rick Borry, co-founder of Capstone and chief technology officer at PSI.

Michael Gorton, CEO and Chairman of PSI added that with the favorable and competitive cost of photovoltaics he has complete confidence that his company’s model will be a “unifying force” for making solar energy available worldwide.

Company Announcement, Solar