Asset Manager

Updated:

Solarrus Corporation

Don Pickering leads Solarrus Corporation as the largest private O&M provider in US utility-scale solar, serving institutional infrastructure owners.

Solarrus Corporation

Solarrus Corporation formed in 2008 as a holding company focused on solar energy services, founded by energy industry veteran Don Pickering. The firm did not take the familiar path of developing its own project pipeline or raising tax-equity funds. Instead, it concentrated on engineering, procurement, construction (EPC) and long-term operations and maintenance (O&M) for utility-scale solar photovoltaic assets across the United States. Through its principal subsidiary, Solarrus concentrates on large-scale solar construction and asset management. In September 2020, the firm acquired the renewable energy division of Swinerton Builders, a transaction that combined two of the largest third-party solar EPC and O&M platforms in North America. The combined entity, operating as Swinerton Renewable Energy under Solarrus ownership, oversees a contracted portfolio exceeding 10 gigawatts of solar generation capacity. Its client base includes infrastructure funds, independent power producers, and institutional asset managers such as BlackRock, Goldman Sachs Asset Management, and Capital Dynamics. The firm's geographic footprint extends across key US solar markets including California, Texas, and the Southwest, with project sites in over 20 states. As of its last disclosed metrics, Solarrus managed a multi-gigawatt O&M portfolio, making it one of the largest dedicated solar services platforms in the country by asset count. The September 2020 integration of Swinerton Renewable Energy expanded the firm's technical workforce to several hundred field engineers, performance analysts, and electrical technicians. The firm maintains its operational headquarters in Costa Mesa, California, with regional project offices across its active construction markets. Solarrus differs from many renewable energy platforms by eschewing development risk on its own balance sheet. The firm acts exclusively as a service provider to asset owners, earning contracted revenue from EPC and multi-year O&M agreements rather than merchant power sales or tax-equity upside. This model aligns the firm's economics with long-term asset performance and positions it as an infrastructure services business rather than a power-markets trader.

General information

Firm type

Asset Manager

Year founded

2008

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Costa Mesa

Corporate office

Costa Mesa, CA, United States

Principals

Don Pickering

Chairman & CEO

George Hershman

President

Sector focus

Energy Transition & RenewablesInfrastructure

Frequently asked questions

What does Solarrus Corporation actually do?

Solarrus operates as a holding company for solar energy services businesses. Through subsidiaries including Swinerton Renewable Energy, it provides engineering, procurement, and construction (EPC) as well as long-term operations and maintenance (O&M) for utility-scale solar photovoltaic plants. The firm does not develop or own projects on its own balance sheet. It earns contracted service revenue from institutional asset owners.

How large is Solarrus's operations and maintenance portfolio?

Solarrus, through Swinerton Renewable Energy, oversees a contracted O&M portfolio exceeding 10 gigawatts of solar generation capacity across the United States as of its last disclosed figures. This positions the firm as one of the largest dedicated third-party solar services platforms in the country by total assets under management. The portfolio spans more than 20 states.

Does Solarrus develop or own solar projects?

No. Solarrus avoids development and ownership risk. It functions as an infrastructure services provider, earning fees from EPC contracts and multi-year O&M agreements. The firm's clients — typically infrastructure funds, independent power producers, and institutional asset managers — retain project ownership and tax-equity benefits.

Who runs investment and strategy decisions at Solarrus?

Don Pickering serves as Chairman and CEO. He founded the firm in 2008 and has driven its growth through acquisition, most notably the 2020 purchase of Swinerton Builders' renewable energy division. George Hershman serves as President. The firm operates as a privately held corporation with no publicly disclosed outside investors.

How did the Swinerton acquisition shape Solarrus?

The September 2020 acquisition of Swinerton Renewable Energy was transformative. It combined two of the largest independent solar EPC and O&M platforms in North America under one holding company. The deal immediately scaled Solarrus's contracted portfolio to over 10 gigawatts and integrated a deep technical workforce of field engineers and asset managers.

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