April 13, 2010
Helio Micro Utility, a developer and financier of solar energy projects, announced the acquisition of Simple Energies LLC, a renewable energy project development company. The agreement brings Simple Energies CEO Ty Jagerson to the company's executive management team. Jagerson becomes President of Helio Micro Utility; he also steps in to lead commercial and utility scale sales for affiliated company HelioPower, becoming Executive Vice President, Commercial Sales.
Helio Micro Utility, spun out of HelioPower in 2007, works with established financial partners to develop, own and operate large commercial and utility scale solar assets in the United States and abroad. Terms of the acquisition agreement were not disclosed.