GPM Investments LLC, owned by Arko Corp., has partnered with Apollo Power, a solar energy solutions company, to deploy Apollo Power’s flexible solar energy solutions at no fewer than 300 sites across the United States. The partnership includes engineering, procurement and construction (EPC) services such as design, engineering, installation and grid connection, with an estimated cumulative value of approximately $53 million expected to span a few years, the company said in a press release.
The two companies have signed a non-binding Memorandum of Understanding, which is expected to finalize within 60 days.
“Apollo Power’s technology gives us an opportunity to reduce electricity expenses at many of our locations and enhance the overall performance of our assets. This collaboration is about making our properties stronger, more efficient and better positioned for the future,” said Arie Kotler, CEO of Arko.
Apollo Power stated that the partnership with Arko is expected to serve as a springboard for further expansion in the U.S. market.
Oded Rozenberg, CEO of Apollo Power, said, “Our entry into the U.S. gas station market, together with a local strong partner operating thousands of stations across the country, clearly demonstrates our unique technological advantage—the ability to generate solar energy even from rooftops that cannot support traditional panels. This capability enables gas station operators to turn their real estate into an additional revenue stream by producing and selling solar electricity. The market is vast, our product is ready and our factory is ready.”
In other Arko news, in its latest earnings call the company reported that it converted 65 retail stores to dealer sites during the quarter as part of its ongoing transformation plan, totaling 194 converted stores in the nine months ended September 30, 2025.
“The company advanced its retail store remodeling pilot program, which is designed to elevate the customer experience through improved layouts and a stronger food-forward focus that emphasizes hot grab-and-go breakfast, lunch and snacking, bakery, pizza and an expanded dispensed hot, cold and frozen beverage assortment. Two remodeled stores reopened in the summer of 2025, and the company plans to reopen a third location during the fourth quarter of 2025 and the remaining four stores in the first half of 2026,” Arko said.