In June 2011, Axio Power was 100% acquired by SunEdison, a wholly owned subsidiary of MEMC (NYSE ticker: WFR). Axio Power was founded in 2007 by a group of renewable energy veterans with a singular vision: to accelerate the adoption of utility-scale solar power. At Axio Power, we develop, finance, and construct large-scale solar projects that provide reliable sources of clean, renewable energy during peak demand. It's good for the environment, good for business and good for the grid.