Originally formed in 1981 as Sun Financial Group, Bay4 began as a technology leasing company with a niche for managing the diverse technology assets of large companies.
Sun Financial Group is purchased by GATX Capital and became the technology leasing group with GATX Capital. The team acquired three other technology leasing portfolios and seamlessly converted the data from these companies into its portfolio to service the additional assets. The team used a software package on an AS400 platform, developed by software engineers who have since joined Bay4 Energy Services, to convert and manage the assets.
The team formed Bay4 Capital entering the commercial equipment leasing business with an emphasis on asset management capabilities and developed a next-generation software package. Bay4 began operating a small energy finance team putting together Power Purchase Agreement (PPA) for selling energy to off-takers from onsite power facilities and entered the world of renewable energy.
GE Capital acquires Bay4 Capital for a two-year contract to build its technology finance business. Both GE Capital Technology Finance and the Bay4 servicing group operate on the Bay4 software platform.
After working with GE Capital, the team reassembled to provide finance solutions for the solar energy industry. The software group that created the software platform used to manage the leasing assets is purchased by Sun Financial and rolled up under Bay4 Energy Services.
Kenyon Energy is formed and completes its first Power Purchase Agreement in Canon City, Colorado.
Kenyon Energy enters the Pennsylvania and Florida markets and continues to expand its Colorado presence.
Sun Financial, LLC is formed to finance, own and operate solar facilities. Kenyon Energy continues to focus on solar project development.
Kenyon Energy acquires BP Solar’s North American facilities and expands to 15 states. Bay4 Energy Services begins providing asset management and O&M services to third-party solar owners.
Kenyon Energy exceeds 100 operating facilities and separates the servicing business of Bay4 Energy from its development business. Bay4 becomes a standalone servicing platform, independent from Kenyon Energy and Sun Financial.
Bay4 Energy Services expands its solar services by offering field technical services and increasing operations and maintenance capabilities.
Bay4 Technical Services offers O&M, LAB, storage consulting and testing services