Lumio

Earlier today, Lumio announced an important and exciting step forward to solidify our position as the residential solar partner of choice. We have entered into an agreement with White Oak, our primary senior secured lender, to acquire substantially all of our assets and voluntarily initiated a court process to finalize the sale, subject to higher and better bids. With this announcement, we are positioning our business to move forward with a stronger financial foundation, well-equipped for sustainable growth at the forefront of the solar industry. We remain laser-focused on delivering industry-leading residential solar products and solutions and an excellent experience to our customers across the country. More information regarding today’s announcement can be found below.

We are excited to announce Daniel Larkin as our new Chief Strategy Officer. Dan was most recently the founder and CEO of Solo, a solar software company aimed at optimizing sales flows and streamlining company operations. In just six years, Solo scaled quickly in the market and now originates 40% of all residential quotes annually, with Dan overseeing the expansion since the beginning. “As we continue helping homeowners nationwide make the switch to solar, we’re confident that Dan’s leadership, strategy, and vision will enhance Lumio’s routes to market through strong partnerships, programs, and company-wide strategies,'' said Andrew Walton, CEO at Lumio. “Dan’s multifaceted understanding of the complexities of the solar industry will provide Lumio with new growth opportunities during this crucial economic landscape as we drive the industry leading strategy to make power personal.”

We’re growing our dealer program! Partner with Lumio today to leverage ample resources that will drive your business growth. As a vertically-integrated, national solar company, aligning with Lumio grants you dedicated dealer support, multiple financing products, and access to Lumio’s proprietary sales platform. Join the solar revolution today or learn more by visiting lumio.com/dealer

We’re excited to announce Andrew Walton as our new Chief Executive Officer and a valuable addition to our board of directors. Andrew brings a wealth of experience in the renewable energy sector, further strengthening our leadership team. Prior to joining Lumio, Andrew served as the President of SNR Solar, a subsidiary of Sunrun, where he achieved impressive market growth. Before SNR Solar, Andrew created new, strategic partnerships and programs at Sunrun, one of which oversaw the installation of 250MW of solar projects. "Andrew has not only forged a path of success in the solar industry but has mastered the complex ecosystem, including leading national dealer programs, creating new revenue channels, and building strong innovative partnerships," said Brendan Smith, President at Lumio. "We're confident that his unwavering commitment to integrity and a proven track record of innovative strategy in direct and partner-led markets and revenue growth will significantly enhance value for all our stakeholders by finding new routes to market and forging new partnerships."

Why addressing climate change is not a political issue. Learn from Carine Strom Clark, our Chief Experience Officer, about four critical points for bipartisan support to reach our climate goals. - Decentralizing the power grid for national security - Fixing reliability issues with aging infrastructure - Investing in smart renewable technology - Incentivizing responsible energy consumption Read the article here (pages 19-23) https://bit.ly/3tZzO0w