Altus Power Announces Completion of Solar Rooftop Array in Illinois
Altus Power (NYSE: AMPS) has completed a new 760kW solar system in Cherry Valley, Illinois, in partnership with a real estate developer. The clean energy generated will be supplied through a long-term contract to a logistics company tenant and will support the Illinois Shines program. The project was integrated during the property's development phase, avoiding retrofit costs.
The company highlighted that this installation demonstrates their early engagement strategy's effectiveness and expands their enterprise customer base. Altus Power currently operates across 25 states, focusing on providing localized clean energy generation to reduce transmission requirements and help enterprises meet their carbon reduction objectives.
Altus Power (NYSE: AMPS) ha completato un nuovo sistema solare da 760 kW a Cherry Valley, Illinois, in collaborazione con uno sviluppatore immobiliare. L'energia pulita generata sarà fornita tramite un contratto a lungo termine a un'azienda logistica in affitto e sosterrà il programma Illinois Shines. Il progetto è stato integrato durante la fase di sviluppo della proprietà, evitando costi di retrofit.
La società ha evidenziato che questa installazione dimostra l'efficacia della loro strategia di coinvolgimento precoce e amplia la loro base di clienti aziendali. Attualmente, Altus Power opera in 25 stati, concentrandosi sulla fornitura di generazione di energia pulita localizzata per ridurre le esigenze di trasmissione e aiutare le aziende a raggiungere i loro obiettivi di riduzione delle emissioni di carbonio.
Altus Power (NYSE: AMPS) ha completado un sistema solar de 760 kW en Cherry Valley, Illinois, en asociación con un desarrollador inmobiliario. La energía limpia generada se suministrará a través de un contrato a largo plazo a un inquilino de una empresa logística y apoyará el programa Illinois Shines. El proyecto se integró durante la fase de desarrollo de la propiedad, evitando costos de retrofit.
La compañía destacó que esta instalación demuestra la efectividad de su estrategia de participación temprana y amplía su base de clientes empresariales. Altus Power opera actualmente en 25 estados, centrándose en proporcionar generación de energía limpia localizada para reducir los requisitos de transmisión y ayudar a las empresas a cumplir con sus objetivos de reducción de carbono.
Altus Power (NYSE: AMPS)는 일리노이 주 체리 밸리에서 부동산 개발 업체와 협력하여 760kW 태양광 시스템을 완료했습니다. 생성된 청정 에너지는 물류 회사 임대인에게 장기 계약을 통해 공급되며, 일리노이 샤인스 프로그램을 지원할 것입니다. 이 프로젝트는 자산 개발 단계에서 통합되어 개조 비용을 피했습니다.
회사는 이번 설치가 조기 참여 전략의 효과를 입증하며 기업 고객 기반을 확장하는 것을 보여준다고 강조했습니다. Altus Power는 현재 25개 주에서 운영하고 있으며, 전송 요구 사항을 줄이고 기업들이 탄소 감소 목표를 달성할 수 있도록 지역화된 청정 에너지 생산을 제공하는 데 집중하고 있습니다.
Altus Power (NYSE: AMPS) a terminé un nouveau système solaire de 760 kW à Cherry Valley, Illinois, en partenariat avec un développeur immobilier. L'énergie propre générée sera fournie par le biais d'un contrat à long terme à un locataire d'une entreprise logistique et soutiendra le programme Illinois Shines. Le projet a été intégré durant la phase de développement de la propriété, évitant des coûts de rénovation.
L'entreprise a souligné que cette installation démontre l'efficacité de sa stratégie d'engagement précoce et élargit sa base de clients corporate. Altus Power opère actuellement dans 25 États, se concentrant sur la fourniture de génération d'énergie propre localisée pour réduire les besoins en transmission et aider les entreprises à atteindre leurs objectifs de réduction du carbone.
Altus Power (NYSE: AMPS) hat ein neues 760-kW-Solarsystem in Cherry Valley, Illinois, in Partnerschaft mit einem Immobilienentwickler abgeschlossen. Der erzeugte saubere Strom wird über einen langfristigen Vertrag an einen logistischen Mietunternehmen geliefert und unterstützt das Illinois Shines Programm. Das Projekt wurde während der Entwicklungsphase des Grundstücks integriert, wodurch Nachrüstkosten vermieden wurden.
Das Unternehmen hob hervor, dass diese Installation die Effektivität ihrer Frühbeteiligungsstrategie demonstriert und ihre Unternehmenskundschaft erweitert. Altus Power ist derzeit in 25 Bundesstaaten tätig und konzentriert sich darauf, lokalisierten sauberen Strom zu erzeugen, um die Übertragungsanforderungen zu reduzieren und Unternehmen bei der Erreichung ihrer Kohlenstoffreduktionsziele zu helfen.
- Secured long-term power contract with logistics company tenant
- Achieved cost savings through early development phase integration
- Expanded presence in Illinois market
- Added new enterprise customer to portfolio
- None.
Insights
The completion of a 760kW solar array in Illinois represents a modest expansion of Altus Power's operational portfolio. While the project demonstrates the company's ability to execute on its development strategy, its relatively small scale (760kW) will have minimal impact on Altus Power's overall revenue generation, considering their extensive portfolio across 25 states. The project's integration with the Illinois Shines program provides stable, contracted cash flows, but the financial impact is given AMPS's
The strategic value lies in the early engagement approach with real estate partners during development, which helps optimize installation costs and streamlines project execution. However, this single installation, while operationally efficient, is not substantial enough to materially affect the company's financial performance or stock valuation. The emphasis on serving enterprise customers and supporting state solar initiatives aligns with broader industry trends but represents business-as-usual activity rather than a transformative development.
Benefits of clean electric power to be delivered to logistics company and local Community Solar subscribers
“This project showcases the power of our partnerships in the context of our early engagement strategy. Working alongside our real estate partner during the property's development phase allowed us to avoid retrofitting an existing building, resulting in significant time and cost savings.,” said Joe DeMarzo-Sanchez, Development Manager, Altus Power. “We’re proud to expand our roster of enterprise customers while also supporting Illinois’ solar initiative.”
Altus Power’s portfolio across 25 states serves enterprises committed to achieving carbon reduction goals. As a full service, end-to-end commercial solar provider, Altus Power generates clean electric power near the place of consumption, alleviating incremental transmission requirements.
About Altus Power
Altus Power, based in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241219164113/en/
Jenny Volanakis
mediarelations@altuspower.com
Source: Altus Power, Inc.
FAQ
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