Spruce Power Adds Industry Veteran to Lead Asset Operations

Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced the hiring of Kevin Minton as Vice President, Asset Operations. The addition of Minton builds on the foundational strength of Spruce’s existing distributed energy servicing technology platform and highlights the Company’s strategic commitment to advancing servicing solutions through Spruce Pro, a brand that extends growth prospects for the Company into the commercial solar market.

As Vice President, Asset Operations, Minton will plan, direct, and oversee asset operations activities for Spruce, with an emphasis on optimized fleet performance, efficient and safe field operations, and outstanding customer experiences, in support of strategic product extensions including Spruce Pro. Minton brings over 25 years of diversified operations and leadership experience to the Company. Most recently, Minton served as Vice President, Solar Operations, at ADT Solar. In his 20+ year tenure at ADT, Minton built deep experience in field operations, project management, safety practices, and customer service delivery for residential and commercial accounts. In addition to his industry experience, Minton honorably served four years in the United States Marine Corps.

“We are thrilled to welcome Kevin to the Spruce Power team,” said Derick Smith, Chief Operating Officer, Spruce Servicing. “He is a proven leader, possessing a wealth of experience in asset management, field operations, and customer service, which makes him a valuable addition to our industry-leading team of solar, utility, and financial professionals. We are confident that his expertise will further elevate customer satisfaction and support the delivery of services and products to customers.”

For more information regarding Spruce Pro, please visit www.sprucepower.com/spruce-servicing.

About Spruce Power

Spruce Power Holding Corporation (NYSE: SPRU) is a leading owner and operator of distributed solar energy assets across the United States. We provide subscription-based services that make it easy for homeowners to benefit from rooftop solar power and battery storage. Our power as-a-service model allows consumers to access new technology without making a significant upfront investment or incurring maintenance costs. Our company owns the cash flows from over 75,000 home solar assets and contracts across the United States. For additional information, please visit www.sprucepower.com.