SolarCity

Solar City is an American corporation headquartered in San Mateo, California, designed the solar power systems, markets, installs and on request also financed, leases and operates. It also provides current and designs, installs and operates charging stations for electric cars.

History

It was founded in 2006 is based on a proposal of today's Chairmans Elon Musk to his cousin Lyndon Rive (CEO ) and Peter Rive (Chief Operating Officer, Chief Technical Officer ) back to lead the company operationally. Musk invested in Solar City part of his fortune, which he had made with the sale of its shares in Paypal to further his vision of a greener, sun -based energy supply of the USA.

Early 2013 was Solar City installed 333 megawatts of solar power, the second-largest U.S. companies in this field ( behind First Solar and above E Light Wind and Solar Power Generation and Quanta ). The company was the end of 2013 worked with 31 offices in 14 U.S. states. Besides tens of thousands of homeowners among its customers more than 100 schools and universities, including Stanford University, government institutions, such as the U.S. Armed Forces and the Department of Homeland Security, as well as large companies such as eBay, Intel and Walmart.

Zep Solar

In October 2013 SolarCity acquired at a price of $ 158 million its suppliers of solar technology Zep Solar. The company, founded in 2009 is to be continued as an independent business unit.

Exchange and financing

The Company's shares are traded under the symbol Scty on NASDAQ. Google Inc. has invested $ 280 million in SolarCity.