Thursday, July 27, 2017
Texas energy company to lay off 108 employees in Maryland
Direct Energy Solar will lay off 108 employees and close its Columbia office in September, the company notified the state on Tuesday.
The Howard County solar energy company used to be known as Astrum Solar. Houston-based Direct Energy acquired Astrum for $54 million in 2014 and rebranded the firm as Direct Energy Solar in 2015. That same year, the firm moved its headquarters from Annapolis Junction to Columbia.
Direct Energy Solar said in 2015 it had 145 employees in Columbia. In the filing on Tuesday, the company reported to state officials that the layoffs were part of a "plant closure," the term used in the state's WARN notification log.
The layoffs are part of a shift in the business model, Direct Energy Solar said in a statement. The firm decided to move away from doing residential installations and will instead focus on developing community solar projects and energy storage systems. Direct Energy also said the change will it allow it to concentrate more on growing its commercial business.
at 7/27/2017 12:30:00 PM