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Crius Moves Deeper Into Residential Solar With Acquisition of Bankrupt Verengo

Last week, Crius Energy, a large independent energy retailer, acquired the newly-bankrupt California solar installer Verengo. That's the latest move by Crius in its steady march into the solar industry. Verengo was founded in 2008 by Randy Bishop and Ken Button and at one point had more than 1,000 employees. Armed with equity funding from Angeleno Group and ClearSky Power & Technology Fund, Verengo grew to be one of the larger residential installers with a market share in the 3 percent to 4 percent range.
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