power move

Solar energy co. expands Houston office to support growth

Spruce's home solar assets and contracts grew about 50 percent over the past year, which represents 25,000 rooftops. Photo via Pexels

Distributed solar energy asset company Spruce Power Holding Corp. announced the expansion of its operating headquarters in Houston, which will support business functions.

Technology, asset operations, customer Support, and billings and collections teams will be housed in the newly expanded office located at Two Memorial City Plaza at 820 Gessner Road in Houston. The expansion of its Houston office will be over 40,000 square feet. Spruce is one of the largest tenants in the Memorial City Plaza office complex.

"This announcement comes on the heels of our corporate headquarters' relocation in Denver, with both expansions and the execution of a value-creating move from California to our long-term work homes,” Christian Fong, CEO of Spruce said in a news release.

“Houston is our largest employment base, and being able to add high-paying jobs to our Houston location underpins our commitment to the community and continued growth in Texas," he continues.

In 2019, Denver-based Spruce Power built a residential energy services solution platform for the distributed generation (DG) solar sector. Spruce's home solar assets and contracts grew about 50 percent over the past year, which represents 25,000 rooftops.

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A View From HETI

Square Robot has landed funding and a new partnership with Marathon Petroleum. Photo courtesy of Square Robot

Houston- and Boston-based Square Robot Inc. has announced a partnership with downstream and midstream energy giant Marathon Petroleum Corp. (NYSE: MPC).

The partnership comes with an undisclosed amount of funding from Marathon, which Square Robot says will help "shape the design and development" of its submersible robotics platform and scale its fleet for nationwide tank inspections.

“Marathon’s partnership marks a major milestone in our mission to transform industrial tank inspection,” David Lamont, CEO of Square Robot, said in a news release. “They recognize the proven value of our robotic inspections—eliminating confined space entry, reducing the environmental impact, and delivering major cost efficiencies all while keeping tanks on-line and working. We’re excited to work together with such a great company to expand inspection capabilities and accelerate innovation across the industry.”

The company closed a $13 million series B last year. At the time of closing, Square Robot said it would put the funding toward international expansion in Europe and the Middle East.

Square Robot develops autonomous, submersible robots that are used for storage tank inspections and eliminate the need for humans to enter dangerous and toxic environments. Its newest tank inspection robot, known as the SR-3HT, became commercially available and certified to operate at a broader temperature range than previous models in the company's portfolio this fall.

The company was first founded in the Boston area in 2016 and launched its Houston office in 2019.

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