In addition to the strategic investment, GM also signed power purchase agreements to buy the electricity generated by the solar charging canopies, to be installed by Sunlogics at Chevrolet dealerships and GM facilities.
Some of the funding will enable Sunlogics to establish its corporate headquarters and open a manufacturing facility in suburban Detroit, and to set up a manufacturing facility in Ontario.
Sunlogics CEO Michael Matvieshen said GM’s solar expansion and financial commitment provides a firm foundation for the growth of Sunlogics business worldwide and will bring more sustainable green energy to GM operations.
"The partnership provides a new level of opportunity to the larger scale industrial solar projects Sunlogics designs, manufactures and constructs," Matvieshen said.
