Altus Power Announces Completion of Solar Rooftop Array in Illinois
Altus Power (NYSE:AMPS), the largest commercial scale provider of clean electric power, has announced plans to develop a new 750kW solar system in Cherry Valley, Illinois. This project is in partnership with building developer Venture One and long-term owner Affinius Capital. The clean electric power generated will be delivered under a long-term contract to the tenant, DB Schenker, helping to decarbonize their operations at the site.
Altus Power's portfolio spans 25 states, serving corporations committed to carbon reduction goals. The company offers a full-service, end-to-end commercial solar solution, including an AI-powered dashboard for comprehensive power usage insights. As a pioneer in Community Solar, Altus Power currently serves over 25,000 subscribers nationwide, providing clean energy savings to homeowners and renters without requiring personal solar panel installation.
Altus Power (NYSE:AMPS), il principale fornitore di energia elettrica pulita a livello commerciale, ha annunciato progetti per sviluppare un nuovo sistema solare da 750 kW a Cherry Valley, Illinois. Questo progetto è realizzato in collaborazione con lo sviluppatore immobiliare Venture One e il proprietario a lungo termine Affinius Capital. L'energia elettrica pulita generata sarà consegnata attraverso un contratto a lungo termine all'inquilino, DB Schenker, contribuendo a decarbonizzare le loro operazioni presso il sito.
Il portafoglio di Altus Power si estende su 25 stati, servendo corporazioni impegnate a ridurre le emissioni di carbonio. L'azienda offre una soluzione solare commerciale completa, incluso un cruscotto alimentato da IA per approfondimenti sull'uso energetico. Essendo un pioniere nel settore del Solare Comunitario, Altus Power serve attualmente oltre 25.000 abbonati a livello nazionale, fornendo risparmi energetici puliti ai proprietari di case e agli inquilini senza richiedere l'installazione di pannelli solari personali.
Altus Power (NYSE:AMPS), el mayor proveedor de energía eléctrica limpia a escala comercial, ha anunciado su intención de desarrollar un nuevo sistema solar de 750 kW en Cherry Valley, Illinois. Este proyecto se lleva a cabo en asociación con el desarrollador de edificios Venture One y el propietario a largo plazo Affinius Capital. La energía eléctrica limpia generada se entregará bajo un contrato a largo plazo al inquilino, DB Schenker, ayudando a descarbonizar sus operaciones en el sitio.
El portafolio de Altus Power abarca 25 estados, sirviendo a corporaciones comprometidas con metas de reducción de carbono. La empresa ofrece una solución solar comercial integral, que incluye un panel de control impulsado por IA para obtener información completa sobre el uso de energía. Como pionero en la energía solar comunitaria, Altus Power actualmente atiende a más de 25,000 suscriptores a nivel nacional, brindando ahorros de energía limpia a propietarios e inquilinos sin necesidad de instalar paneles solares personales.
Altus Power (NYSE:AMPS), 상업 규모의 청정 전력 공급업체 중 최대 기업이 일리노이주 체리밸리에서 새로운 750kW 태양광 시스템을 개발할 계획을 발표했습니다. 이 프로젝트는 건물 개발업체 Venture One와 장기 소유자인 Affinius Capital과의 협력으로 진행됩니다. 생성된 청정 전력은 DB Schenker라는 임차인에게 장기 계약에 따라 공급되어 해당 부지의 운영을 탈탄소화하는 데 도움이 됩니다.
Altus Power의 포트폴리오는 25개 주에 걸쳐 있으며, 탄소 감축 목표에 헌신한 기업에 서비스를 제공합니다. 이 회사는 종합적인 전력 사용 통찰력을 위한 AI 기반 대시보드를 포함한 종합 상업용 태양광 솔루션을 제공합니다. 커뮤니티 태양광 분야의 선구자로서, Altus Power는 현재 전국적으로 25,000명 이상의 구독자에게 서비스를 제공하여 개인 태양광 패널 설치 없이 주택 소유자와 임차인에게 청정 에너지 절약을 제공합니다.
Altus Power (NYSE:AMPS), le plus grand fournisseur d'électricité propre à grande échelle, a annoncé des projets pour développer un nouveau système solaire de 750 kW à Cherry Valley, Illinois. Ce projet se fait en partenariat avec le promoteur immobilier Venture One et le propriétaire à long terme Affinius Capital. L'électricité propre générée sera livrée sous contrat à long terme au locataire, DB Schenker, aidant à décarboniser leurs opérations sur le site.
Le portefeuille d'Altus Power s'étend sur 25 États, servant des entreprises engagées dans des objectifs de réduction du carbone. L'entreprise propose une solution solaire commerciale complète, y compris un tableau de bord alimenté par IA pour des informations complètes sur l'utilisation de l'énergie. En tant que pionnier dans le domaine de l'énergie solaire communautaire, Altus Power dessert actuellement plus de 25 000 abonnés à l'échelle nationale, offrant des économies d'énergie propre aux propriétaires et aux locataires sans nécessiter l'installation de panneaux solaires personnels.
Altus Power (NYSE:AMPS), der größte Anbieter von sauberer elektrischer Energie im kommerziellen Maßstab, hat Pläne angekündigt, ein neues 750 kW Solar System in Cherry Valley, Illinois, zu entwickeln. Dieses Projekt erfolgt in Partnerschaft mit dem Gebäudeentwickler Venture One und dem langfristigen Eigentümer Affinius Capital. Der erzeugte saubere Strom wird im Rahmen eines langfristigen Vertrags an den Mieter DB Schenker geliefert, was dazu beiträgt, deren Betriebe vor Ort zu dekarbonisieren.
Das Portfolio von Altus Power erstreckt sich über 25 Bundesstaaten und bedient Unternehmen, die sich für die Reduktion von Kohlenstoffemissionen engagieren. Das Unternehmen bietet eine umfassende, schlüsselfertige kommerzielle Solarlösung, einschließlich eines KI-gesteuerten Dashboards für umfassende Einblicke in den Energieverbrauch. Als Pionier im Bereich der Community Solar-Dienste bedient Altus Power derzeit über 25.000 Abonnenten im ganzen Land und bietet Hausbesitzern und Mietern ohne die Notwendigkeit einer persönlichen Installation von Solarmodulen Einsparungen bei sauberer Energie.
- Expansion of solar portfolio with new 750kW system in Illinois
- Partnership with major real estate developers and owners
- Long-term contract secured with DB Schenker for clean power delivery
- Presence in 25 states serving corporations committed to carbon reduction
- Offering of AI-powered dashboard for power usage insights
- Serving over 25,000 Community Solar subscribers nationwide
- None.
Insights
Altus Power's announcement of a new 750kW solar system in Illinois demonstrates the company's continued growth in the commercial solar sector. While the financial terms weren't disclosed, this project contributes to Altus Power's expanding portfolio across 25 states. The long-term contract with DB Schenker provides a stable revenue stream, potentially improving the company's financial stability. However, the relatively small scale of this particular project (750kW) suggests it may not significantly impact Altus Power's overall financial performance in the short term. The partnership with Venture One and Affinius Capital could lead to future collaborations, potentially driving business growth. Investors should monitor Altus Power's ability to secure larger projects and expand its customer base to assess long-term growth prospects.
Altus Power's new solar project in Illinois aligns with the growing trend of corporations seeking to decarbonize their operations. The partnership model involving a developer (Venture One) and a long-term owner (Affinius Capital) showcases Altus Power's ability to navigate complex stakeholder relationships in the commercial solar space. The company's AI-powered dashboard for monitoring power usage and carbon emissions is a valuable differentiator in a competitive market. With over 25,000 Community Solar subscribers, Altus Power is well-positioned to capitalize on the increasing demand for accessible clean energy solutions. The diversification across commercial and community solar segments provides resilience to market fluctuations. However, the company will need to continue innovating and scaling its operations to maintain its market position as the largest commercial scale provider of clean electric power.
Benefits of clean electric power to be delivered to DB Schenker and local Community Solar subscribers
“Our growing reputation among real estate developers as a one-stop provider of on-site solar solutions produced this opportunity to partner with Venture One. Our ability to coordinate with multiple counterparties and drive execution of long-term agreements for our solar solutions is designed to enhance value for developers, owners and tenants alike,” said Gregg Felton, co-CEO and co-founder, Altus Power. “We are pleased to welcome Affinius Capital to our roster of partners and we look forward to working with them on future projects to decarbonize their buildings.”
Altus Power’s portfolio across 25 states serves corporations committed to achieving carbon reduction goals, starting with on-site generated solar electric power. As a full service, end-to-end commercial solar provider, Altus Power enables corporations to access clean electric power while delivering comprehensive power usage insights. Altus Power’s AI-powered dashboard helps businesses striving to achieve decarbonization commitments make informed decisions in order to reduce carbon emissions and satisfy reporting requirements.
As one of the pioneers of Community Solar, Altus Power currently serves more than 25,000 subscribers nationwide. Community Solar provides homeowners and renters of diverse income brackets with the benefits of clean energy savings in the form of discounts on their utility bills without requiring customers to install or maintain their own solar panels. To learn more, visit https://www.altuspower.com/community-solar.
About Altus Power
Altus Power, based in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240820328592/en/
For More Information
Jenny Volanakis
mediarelations@altuspower.com
Source: Altus Power, Inc.
FAQ
What is the capacity of Altus Power's new solar system in Cherry Valley, Illinois?
Who are Altus Power's partners in the Cherry Valley, Illinois solar project?
Which company will benefit from the clean electric power generated by the new Altus Power solar array?
How many states does Altus Power's portfolio cover?
How many Community Solar subscribers does Altus Power (AMPS) currently serve?
