MARS Energy Group expands its comprehensive renewable energy EPC services across solar, battery storage, EV charging, and project financing.
ROCKLIN, CA / ACCESSWIRE / September 24, 2024 / MARS Energy Group (MARS), a leading renewable energy solutions holding company, today announced the consolidation of its renewable energy portfolio under one unified brand - MARS Energy. This strategic move unites several specialized divisions to deliver 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, MARS Energy's consolidation is well-timed to meet the needs of industries transitioning to sustainable power sources. The unified brand offers an end-to-end service portfolio covering solar energy, battery storage, electric vehicle (EV) charging, and renewable energy project financing. This not only simplifies customer experience but also strengthens MARS Energy's position as a key player in the national renewable energy market.
Having established a nationwide presence, operating in more than 20 states across the US, MARS continues to expand its market reach and influence. This consolidation will enable the company to leverage its resources more efficiently, bring the collective expertise of several key brands under one banner, and provide client-centric solutions that address the specific energy challenges faced by businesses, municipalities, and public sector clients.
Background and Growth of MARS Energy Group
MARS has long been at the forefront of innovation in the industry, offering comprehensive solutions across multiple sectors. Over the years, the company has strategically expanded its operations through key acquisitions and incubations 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 specialized firms, MARS has not only diversified its offerings but also entered new markets, ensuring it can deliver scalable, efficient, and sustainable energy solutions.
Key Brands and Divisions Being Unified
The consolidation of MARS' portfolio involves several key brands, each offering specialized expertise and services.
NewGen Energy: This division has been a cornerstone of MARS' portfolio, delivering customized solar and battery storage solutions for the agricultural, commercial, and industrial sectors. NewGen Energy's focus on decentralized energy solutions has allowed businesses to reduce energy costs and enhance 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 been instrumental in developing large-scale renewable energy installations, including solar farms and municipal projects.
Additional Brands: The consolidation will also include companies specializing in community solar, energy credit brokerage, and EV charging solutions. These brands provide niche services that complement MARS' core offerings, expanding its reach across various renewable energy sectors.
By bringing these entities under one roof, MARS Energy will create operational synergies, streamline processes, and offer clients more integrated solutions. This unites experts from various sectors, enhancing the company's ability to offer tailored, innovative solutions that meet the unique needs of each client. It will also provide easy access to MARS Energy's entire range of expertise, allowing clients to benefit from a coordinated and cohesive service mode.
Riding the Wave of Global Renewable Energy Trends
The renewable energy industry is undergoing rapid change driven by advancements in technology and increasing pressure to reduce carbon footprints. The International Energy Agency (IEA) forecasts a significant rise in renewable energy adoption, with solar power and carbon capture and storage technologies playing central roles in decarbonizing the global economy. Additionally, the growing demand for electric vehicles is accelerating the need for EV charging infrastructure.
MARS Energy's consolidation aligns with these trends, allowing the company to capture a larger share of these growing markets and provide clients with everything from project development to long-term energy management.
Expanded Services Under MARS Energy
Under the unified brand, MARS Energy now offers a robust portfolio of renewable energy solutions. Key offering include:
Comprehensive Renewable Energy Solutions: Clients can now access a full suite of renewable energy services under one brand, making it easier for them to implement and manage solar power systems, battery storage solutions, and more.
Developer and EPC Services: MARS Energy will continue to provide high-level developer and EPC services for large-scale renewable energy projects. Leveraging its engineering and procurement expertise, MARS Energy will lead the charge in delivering high-performance renewable energy infrastructures.
Project Financing: Understanding the capital requirements of large-scale renewable energy projects, MARS Energy offers financial assistance and customized financing options to help clients meet their funding needs. This service ensures renewable energy projects are both feasible and financially sustainable.
Energy Credit Management: As part of its service portfolio, MARS Energy offers energy credit management solutions, helping clients maximize returns from their renewable energy investments. This includes navigating the challenges of energy credit markets and maintaining regulatory framework compliance.
Operations and Maintenance (O&M): MARS Energy will provide long-term operations and maintenance services to keep installations performing efficiently throughout their lifespan. Services include monitoring systems, troubleshooting issues, and providing ongoing support for clients.
Future Growth and Commitment to Sustainability
As the renewable energy market expands, so too, does MARS Energy's vision for the future. The company remains committed to innovation, investing in cutting-edge technologies that drive the adoption of clean energy. This includes embracing advancements in battery storage, smart grid integration, and other systems that enhance the efficiency and reliability of renewable energy systems. The consolidation represents not just a structural change but a commitment to providing more efficient, innovative, and customer-centric renewable energy solutions.
"This is a pivotal moment for our company," said Manvendra Saxena, MARS Chairman. "We've invested considerable time in building a strong foundation of technology, back-end systems, and processes, along with assembling a world-class team. With this consolidation, we will enhance the platform and create an environment that fosters greater collaboration and alignment, propelling our company to new heights."
Looking ahead, MARS Energy is excited to continue its expansion into new markets and to launch several groundbreaking projects that will further enhance its service portfolio. This reflects the company's long-term vision of driving global sustainability by offering integrated, scalable solutions tailored to industry-specific needs.
Its commitment to reducing carbon footprints and making renewable energy accessible, efficient, and profitable remains at the forefront, reinforcing the company's mission to lead the global energy transformation while delivering innovative solutions.
For more information about MARS Energy and its service offerings, please visit https://www.marsenergygroup.com.
For more information contact:
Cody Kilmer
Chief Marketing Officer
MARS Energy Group
916.274.7608
[email protected]
SOURCE: Mars Energy Group