Altus Power Announces New Project in Superior, Colorado

Rhea-AI Summary

Altus Power (NYSE: AMPS) has announced the operationalization of a 1.4 MW rooftop solar project at the Blue Sport Stable sports facility in Superior, Colorado. The project will provide the majority of the facility's annual energy needs for its ice rinks, pickleball, basketball courts, and wellness facilities.

The solar array, installed on the 186,000 square foot multi-surface sports facility, will reduce carbon emissions by 1,400 metric tons of CO2 annually and over 49,000 metric tons throughout its lifespan. Part of the Xcel Energy Solar Rewards Program, the installation will enable Blue Sport Stable to reduce its annual energy costs by 50% to 70% over the next thirty years.

The project, completed in partnership with Spear Commercial, adds to Altus Power's portfolio across 25 states serving enterprises committed to achieving carbon reduction goals.

Positive

• New 1.4 MW solar project adds to revenue stream
• 30-year long-term contract secured with Blue Sport Stable
• Project provides 50-70% cost savings to customer
• Expansion of presence in Colorado market

Negative

• None.

Clean electric power generated will benefit Blue Sport Stable sports facility

STAMFORD, Conn.--(BUSINESS WIRE)-- Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced the operationalization of a 1.4 MW rooftop solar project at the Blue Sport Stable sports facility in Superior, Colo., providing the majority of the facility’s annual energy needs required to power its ice rinks, pickleball, basketball and other courts, turf and health and wellness facility.

Altus Power solar array on the Blue Sport Stable sports facility (Photo: Business Wire)

“Altus is thrilled to partner with Blue Sport Stable to energize our latest solar project in Colorado as part of our commitment to deliver clean, affordable, long-term power to local businesses ,” said Brett Phillips, Director, Investments & Structured Finance, Altus Power. “Through projects like this, and others across the state, we are delivering tangible benefits to local economies in the form of reduced energy costs and increased clean energy generation that will help to power Colorado’s current and future electricity needs.”

The rooftop solar array is located at the Blue Sport Stable facility, a 186,000 square foot multi-surface sports facility in Superior, Colo, and will reduce carbon emissions by 1,400 metric tons of CO2 annually and more than 49,000 metric tons of CO2 over the project’s lifespan. The project, part of the Xcel Energy Solar Rewards Program, will power the majority of the facility’s annual energy needs at a discounted rate to utility-provided power and adds to Altus’ footprint in the state. Altus partnered with Spear Commercial to install the system.

“Sports facilities, especially ice rinks, use a significant amount of power and our partnership with Altus Power will enable us to reduce our annual energy costs by 50% to 70% over the next thirty years, all while reducing our carbon footprint by switching from fossil fuels to sustainable green energy,” said Luke Taylor, Managing Member of the Blue Sport Stable.

Altus Power’s portfolio across 25 states serves enterprises committed to achieving carbon reduction goals. As a full service, end-to-end commercial-scale solar provider with a long-term ownership mindset, Altus Power generates clean electric power near the place of consumption, alleviating incremental transmission requirements.

About Altus Power

Altus Power, based in Stamford, Conn., is the largest commercial-scale provider of clean electric power serving commercial, industrial, public sector and Community Solar customers with end-to-end solutions. Altus Power originates, develops, owns and operates locally sited solar generation, energy storage and charging infrastructure across the nation. Visit www.altuspower.com to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250304111224/en/

Media:

Jenny Volanakis

mediarelations@altuspower.com

Source: Altus Power, Inc.

FAQ

What is the capacity of Altus Power's new solar project in Superior, Colorado?

The new AMPS rooftop solar project has a capacity of 1.4 MW, installed at the Blue Sport Stable sports facility.

How much will Blue Sport Stable save on energy costs with the AMPS solar installation?

Blue Sport Stable expects to reduce its annual energy costs by 50% to 70% over the next thirty years through the Altus Power solar installation.

What is the environmental impact of AMPS's new Colorado solar project?

The project will reduce carbon emissions by 1,400 metric tons of CO2 annually and more than 49,000 metric tons over its lifespan.

How many states does Altus Power (AMPS) currently operate in?

Altus Power operates across 25 states, serving enterprises committed to achieving carbon reduction goals.