Arko Corp., Apollo Power enter strategic partnership in U.S.

GPM Investments, a U.S.-based company wholly owned by ARKO, announced the signing of a non-binding Memorandum of Understanding, MOU, with Apollo Power. The parties expect to finalize binding agreements within 60 days. During this period, Apollo has been granted exclusivity for developing solar projects at designated sites. Under the agreements, GPM will evaluate the deployment of Apollo Power’s flexible solar energy solutions at no fewer than 300 sites across the U.S. This large-scale turnkey project would include engineering, procurement, and construction services – design, engineering, installation, and grid connection – with an estimated cumulative value of approximately $53 million, expected to span roughly a few years.