Spark Power Corp. has announced the completion of a transaction to acquire Bullfrog Power (Bullfrog), Canada’s leading green energy provider. Bullfrog will become a wholly-owned subsidiary of Spark Power.
The acquisition will enable the two organizations to create the “Utility of the Future,” offering innovative and sustainable solutions in solar, storage, EV infrastructure, and other energy efficiency technologies.
“The race to develop both grid connected and ‘behind-the-meter’ distributed energy resources is gaining momentum,” said Andrew Clark, co-CEO, Spark Power. “The addition of Bullfrog to the Spark Power Group of Companies gives us an integrated capability and depth of expertise to deliver affordable and sustainable power solutions to the largest power users and utilities markets in North America.”
“By combining with Spark Power, we are able to expand and evolve our solutions offerings to now empower Canadians to conserve, generate, or store energy at home or with their business—while helping to build a healthier energy system for future generations,” said Ron Seftel, CEO of Bullfrog Power. “In addition to providing green electricity, green natural gas, and green fuel, we will offer innovative solutions that leverage emerging markets and technologies. Consumers want it; the environment needs it; economic forces are driving it—we are pleased to be joining the Spark family to continue to meet the needs of Canadians.”
Spark Power, its subsidiaries, and Bullfrog will continue to operate under their respective brand names. The Bullfrog management team will remain as key members of the combined company.