MARS Energy Group unites portfolio of companies, heralding a new era in renewable energy solutions

Rocklin, California, Sept. 16, 2024 (GLOBE NEWSWIRE) —
MARS Energy Group provides solar energy, battery storage, electric vehicle charging and project financing solutions to developers, commercial applications and not-for-profit clients.

MARS Energy Group (MARS), a leading holding company for renewable energy solutions, today announced the consolidation of its renewable energy portfolio under one unified brand – MARS Energy. This strategic move brings together several specialized divisions to provide a seamless and integrated renewable energy experience to businesses, agricultural sectors and public infrastructure projects.

With the growing demand for clean energy and the rapid expansion of renewable technologies, the consolidation of MARS Energy is well-timed to meet the needs of industries transitioning to sustainable energy sources. The unified brand offers a comprehensive portfolio of services including solar energy, battery storage, electric vehicle (EV) charging and renewable energy project financing. This not only simplifies customer service but also strengthens MARS Energy’s position as a key player in the domestic renewable energy market.

Having established a nationwide presence, operating in more than 20 states across the U.S., MARS continues to expand its market reach and influence. This consolidation will enable the company to more efficiently utilize resources, combine the collective expertise of several key brands under one umbrella, and provide customer-centric solutions that address the specific energy challenges faced by utilities, municipalities, and public sector customers.

History and development of MARS Energy Group

MARS has long been at the forefront of industry innovation, offering comprehensive solutions across multiple sectors. Over the years, the company has strategically expanded its business through key acquisitions and incubation of leading players in the renewable energy sector. This growth has allowed MARS to expand into solar energy, battery storage, EV charging infrastructure and energy credit management.

By acquiring and partnering with specialist companies, MARS has not only diversified its offering but also entered new markets, allowing it to deliver scalable, efficient and sustainable energy solutions.

Key brands and divisions are unified
The MARS portfolio consolidation includes several key brands, each offering specialist knowledge and services.

NewGen Energy: This division is a cornerstone of the MARS portfolio, providing customized solar and battery storage solutions for the agricultural, commercial and industrial sectors. NewGen Energy’s focus on decentralized energy solutions has enabled businesses to reduce energy costs and increase sustainability.

Unified Renewables: This division specializes in large-scale engineering, procurement and construction (EPC) services, providing infrastructure and energy solutions for public works and commercial projects. It has played a key role in the development of large-scale renewable energy installations, including solar farms and municipal projects.

Additional Brands: The consolidation will also include businesses specializing in community solar, energy credit brokerage, and electric vehicle charging solutions. These brands provide niche services that complement MARS’ core offering, expanding its reach across renewable energy sectors.

By bringing these entities together under one roof, MARS Energy will create operational synergies, streamline processes and offer customers more integrated solutions. This brings together experts from different sectors, increasing the company’s ability to offer tailored, innovative solutions that meet the unique needs of each customer. It will also provide easy access to the full range of MARS Energy expertise, enabling customers to benefit from a coordinated and consistent service experience.

We are riding the wave of global trends in renewable energy

The renewable energy industry is undergoing rapid change, driven by technological advances and increasing pressure to reduce carbon footprints. The International Energy Agency (IEA) predicts significant growth in renewable energy deployment, with solar and carbon capture and storage technologies playing a central role in decarbonizing the global economy. In addition, growing demand for electric vehicles is accelerating the need for electric vehicle charging infrastructure.

The consolidation of MARS Energy is in line with these trends, enabling the company to gain a greater share of these growing markets and provide customers with comprehensive services, from project development to long-term energy management.

Expanded services within MARS Energy

Under the unified brand MARS Energy now offers a robust portfolio of renewable energy solutions. Key offerings include:

Comprehensive Renewable Energy Solutions: Customers can now access a full suite of renewable energy services under one brand, making it easier for them to deploy and manage solar power systems, battery storage solutions and more.

Development and EPC Services: MARS Energy will continue to provide high-end development and EPC services for large renewable energy projects. Leveraging its engineering and procurement expertise, MARS Energy will lead the delivery of high-performance renewable energy infrastructure.

Project Financing: Understanding the capital requirements of large renewable energy projects, MARS Energy offers financial assistance and tailored financing options to help clients meet their financing needs. This service ensures that renewable energy projects are both feasible and financially sustainable.

Energy Credit Management: As part of its portfolio of services, MARS Energy offers energy credit management solutions to help clients maximize returns on their renewable energy investments. This includes navigating the challenges of energy credit markets and maintaining compliance with regulatory frameworks.

Operations and Maintenance (O&M): MARS Energy will provide long-term operations and maintenance services to keep installations operating efficiently throughout their life cycle. Services include monitoring systems, troubleshooting, and providing ongoing customer support.

Future growth and commitment to sustainability

As the renewable energy market evolves, so does MARS Energy’s vision for the future. The company remains committed to innovation, investing in cutting-edge technologies that drive clean energy adoption. This includes implementing advances in battery storage, smart grid integration, and other systems that increase the efficiency and reliability of renewable energy systems. Consolidation is not just a structural change, but a commitment to delivering more efficient, innovative, and customer-centric renewable energy solutions.

“This is a pivotal moment for our company,” said Manvendra Saxena, CEO of MARS. “We have spent significant time building a solid foundation of technology, backend systems and processes, and building a world-class team. Through this consolidation, we will enhance the platform and create an environment of greater collaboration and alignment that will propel our business to new heights.”

Looking ahead, MARS Energy is excited to continue expanding into new markets and launching several groundbreaking projects that will further expand its service portfolio. This reflects the company’s long-term vision to drive global sustainability by offering integrated, scalable solutions tailored to the needs of specific industries.

The company’s commitment to reducing its carbon footprint and ensuring the availability, efficiency and profitability of renewable energy sources remains a priority. This reinforces the company’s mission to lead the global energy transformation while delivering innovative solutions.

More information about MARS Energy and the services it offers can be found at https://www.marsenergygroup.com.

MARS Energy EPC delivers highly efficient renewable energy solutions to renewable energy developers nationwide.

Media contact
Company name: Mars Energy Group
Contact person: Cody Kilmer
E-mail address: [email protected]
Country: United States
Website: https://www.marsenergygroup.com/