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Blackstone Hires 20 Military Service Members Transitioning Into Private Sector

Solar-Array-e1341948411421New York (HedgeCo.Net) – Blackstone-backed Vivint Solar has offered  jobs to the 20 graduates of the United States Department of Energy’s, ‘Reach for the Sun’ pilot program.

Blackstone Group LP, the world’s largest hedge fund manager, acquired the company in 2012. Vivint installs solar panels at no cost to the homeowner, via a power purchase agreement.

“We are honored to recruit from the Department of Energy’s ‘Reach for the Sun’ program and are thoroughly impressed with the skillsets of its graduates,” said Greg Butterfield, CEO of Vivint Solar. “As exiting military personnel pursue civilian jobs, we hope they will choose careers in the fast-growing solar industry.”

The intensive solar workforce training ‘Reach for the Sun’ is designed to help place qualified transitioning military service members into the solar industry, it will also be offered at United States Army Fort Carson in Colorado and Naval Station Norfolk in Virginia this year.  an

Vivint Solar went public in 2014 with an IPO starting at $16/share. Publicly traded on the New York Stock Exchange Vivint Solar’s estimated retained value increased by approximately $89 million during the quarter to approximately $399 million at September 30, 2014, up 172% compared to the third quarter of 2013.

Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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