Lumio, a leading name in the renewable energy sector, has welcomed Andrew Walton as its new CEO. Walton, who brings a wealth of experience from his previous role as President of SNR Solar, is set to join the Board of Directors. Concurrently, Brendan Smith will advance from COO to President.

This strategic move follows Lumio’s recent capital boost of $40 million, aimed at empowering homeowners with energy autonomy. Smith praised Walton’s track record in the solar industry, highlighting his role in creating lucrative partnerships and revenue streams.

Walton’s appointment is expected to steer Lumio towards innovative market strategies and partnership development, building on his success at SNR Solar where he achieved significant market growth and cost reductions while bolstering revenue.

With over three decades of combined expertise in the solar power domain, Walton and Smith are poised to reinforce Lumio’s growth and its commitment to customer-centric renewable energy solutions. Walton expressed his enthusiasm for joining Lumio at this critical growth phase, ready to contribute to the company’s vision alongside a team of esteemed professionals.

Previously, Walton had a significant impact at Sunrun, overseeing the installation of 250MW solar projects and spearheading key partnerships with major retailers. His efforts at Vivint Solar in diversifying revenue channels further cemented his reputation as a catalyst for innovation in the energy sector.

Verditek sells solar business to bondholders and reshuffles board