Dispatch Energy, a provider of distributed energy solutions, has fully acquired Green Lantern Solar (GLS), an integrated provider, developer, owner, and operator of solar photovoltaic assets.
The deal enabled the company to add over 64 solar and battery storage projects from GLS, totaling 208.9 MW, at various stages of development and operation, increasing its total portfolio to 489.5 MW.
The acquisition is expected to strengthen Dispatch’s presence in the solar generation market and expand its Operations and Maintenance (O&M) services, extending the company’s distributed generation footprint across the U.S.
“This acquisition provides an excellent result for GLS shareholders and employees,” said Luke Shullenberger, Founder and CEO of Green Lantern Solar. “We appreciate the execution-oriented approach of Dispatch Energy’s team and believe that the business will continue to grow under their leadership into the future.”
Founded in 2024, Dispatch Energy raised over $360 million in 2025 to expand its distributed generation initiatives.
“Dispatch remains committed to the energy transition, and we are excited to welcome Green Lantern’s team, operations, and assets into our portfolio”, said Richard Dovere, Chief Executive Officer of Dispatch Energy. “We are proud to have the opportunity to acquire this excellent founder-led business.”
According to Mercom’s 9M and Q3 2025 Solar Funding and M&A report, in 9M 2025, 76 solar M&A transactions were executed compared to 62 in 9M 2024. The largest transaction was by ONGC NTPC Green, which signed a share purchase agreement to acquire a 100% equity stake in the Indian utility-scale renewable energy platform, Ayana Renewable Power, for $2.3 billion.
In September, SunPower, a solar technology, services, and installation company, closed a strategic acquisition of Sunder Energy, a residential solar sales company. SunPower, formerly Complete Solaria, went through Chapter 11 bankruptcy last year, during which Complete Solar acquired its assets, rebranded under the SunPower name, and retained the SPWR stock ticker.
