REC Solar Taps Energy Industry Vet As CEO

San Luis Obispo-based REC Solar, the commercial solar and energy developer, said it has named Matt Walz as its CEO. Walz is a prior executive at Duke Energy, where he was for 12 years. Walz had already been on REC Solar's board of directors, as a result of Duke's investment in REC Solar. Duke Energy acquired a majority interest in REC Solar in 2015, and says it committed to invest up to $225M in projects financed through REC Solar. The company exclusively focuses on installing solar power systems for businesses, although it got its start many years ago in the residential sector. REC Solar sold the consumer side of its business to Sunrun back in 2012.