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Altus Power Announces the Addition of Two Solar Projects in Colorado

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Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, has announced the addition of two operational solar projects in Colorado, totaling 2.5 megawatts. These ground-mounted systems will benefit local municipalities through the Altus Power Community Solar program, part of the Black Hills Energy Colorado community solar initiative.

The projects will serve several local government, educational, and corporate enterprises, including the City of Pueblo, Pueblo Community College, and Pueblo County School District. The clean electric power generated is expected to offset the equivalent of nearly 54,462 metric tons of carbon emissions over the project's lifetime. This expansion aligns with Altus Power's strategic mission to deliver clean energy solutions and economic benefits to the communities it serves.

As a pioneer in Community Solar, Altus Power currently serves more than 25,000 subscribers nationwide, providing enterprises, homeowners, and renters with clean energy savings without requiring personal solar panel installation or maintenance.

Altus Power (NYSE: AMPS), il principale fornitore commerciale di energia elettrica pulita, ha annunciato l'aggiunta di due progetti solari operativi in Colorado per un totale di 2,5 megawatt. Questi sistemi montati a terra beneficeranno i comuni locali attraverso il programma di energia solare comunitaria di Altus Power, parte dell'iniziativa di energia solare comunitaria di Black Hills Energy in Colorado.

I progetti serviranno diversi enti governativi locali, istituzioni educative e aziende, tra cui la Città di Pueblo, il Pueblo Community College e il Distretto Scolastico della Contea di Pueblo. L'energia elettrica pulita generata è prevista per compensare l'equivalente di quasi 54.462 tonnellate metriche di emissioni di carbonio nel corso della vita del progetto. Questa espansione è in linea con la missione strategica di Altus Power di fornire soluzioni energetiche pulite e benefici economici alle comunità che serve.

In quanto pioniere dell'energia solare comunitaria, Altus Power attualmente serve più di 25.000 abbonati a livello nazionale, offrendo a imprese, proprietari di case e inquilini opportunità di risparmio energetico senza la necessità di installazione o manutenzione di pannelli solari personali.

Altus Power (NYSE: AMPS), el mayor proveedor de energía eléctrica limpia a escala comercial, ha anunciado la adición de dos proyectos solares en Colorado en operación, totalizando 2.5 megavatios. Estos sistemas montados en tierra beneficiarán a las municipalidades locales a través del programa de Energía Solar Comunitaria de Altus Power, parte de la iniciativa de energía solar comunitaria de Black Hills Energy en Colorado.

Los proyectos servirán a varias entidades gubernamentales locales, instituciones educativas y empresas, incluyendo la Ciudad de Pueblo, Pueblo Community College y el Distrito Escolar del Condado de Pueblo. Se espera que la energía eléctrica limpia generada compense el equivalente a casi 54,462 toneladas métricas de emisiones de carbono a lo largo de la vida útil del proyecto. Esta expansión está alineada con la misión estratégica de Altus Power de ofrecer soluciones de energía limpia y beneficios económicos a las comunidades a las que sirve.

Como pionero en la energía solar comunitaria, Altus Power actualmente sirve a más de 25,000 suscriptores a nivel nacional, proporcionando a empresas, propietarios de viviendas e inquilinos ahorros en energía limpia sin necesidad de instalación o mantenimiento de paneles solares personales.

Altus Power (NYSE: AMPS)는 상업 규모의 청정 전력 공급업체 중 최대 기업으로서 콜로라도에 두 개의 태양광 프로젝트를 추가했다고 발표했습니다. 총 용량은 2.5메가와트입니다. 이들 지상 설치 시스템은 Black Hills Energy Colorado의 커뮤니티 태양광 이니셔티브의 일환으로 Altus Power의 커뮤니티 태양광 프로그램을 통해 지역 자치단체에 혜택을 줄 것입니다.

이 프로젝트들은 푸에블로 시, 푸에블로 커뮤니티 대학 및 푸에블로 카운티 교육청을 포함한 여러 지역 정부, 교육 및 기업에 서비스를 제공할 예정입니다. 생성된 청정 전력은 프로젝트 수명 동안 약 54,462톤의 탄소 배출량을 상쇄할 것으로 예상됩니다. 이번 확장은 Altus Power의 청정 에너지 솔루션과 지역 사회에 경제적 이점을 제공하려는 전략적 사명과 일치합니다.

커뮤니티 태양광의 선구자로서, Altus Power는 현재 전국적으로 25,000명 이상의 가입자에게 서비스를 제공하며, 개인 태양광 패널 설치나 유지보수 없이 기업, 주택 소유자 및 세입자에게 청정 에너지 절약을 제공합니다.

Altus Power (NYSE: AMPS), le plus grand fournisseur commercial d'électricité propre, a annoncé l'ajout de deux projets solaires opérationnels dans le Colorado, totalisant 2,5 mégawatts. Ces systèmes montés au sol bénéficieront aux municipalités locales via le programme solaire communautaire d'Altus Power, qui fait partie de l'initiative solaire communautaire de Black Hills Energy Colorado.

Les projets serviront plusieurs entités gouvernementales locales, établissements d'enseignement et entreprises, y compris la Ville de Pueblo, le Pueblo Community College et le District scolaire du comté de Pueblo. L'électricité propre générée devrait compenser l'équivalent de près de 54 462 tonnes métriques d'émissions de carbone au cours de la durée de vie du projet. Cette expansion s'aligne avec la mission stratégique d'Altus Power de fournir des solutions énergétiques propres et des avantages économiques aux communautés qu'elle dessert.

En tant que pionnier de l'énergie solaire communautaire, Altus Power dessert actuellement plus de 25 000 abonnés à l'échelle nationale, offrant aux entreprises, propriétaires et locataires des économies d'énergie propre sans nécessiter d'installation ou de maintenance de panneaux solaires personnels.

Altus Power (NYSE: AMPS), der größte kommerzielle Anbieter von sauberer elektrischer Energie, hat die Hinzufügung von zwei betrieblichen Solarprojekten in Colorado bekannt gegeben, die insgesamt 2,5 Megawatt umfassen. Diese Bodensysteme werden lokalen Gemeinden durch das Altus Power Community Solar-Programm zugutekommen, das Teil der Black Hills Energy Colorado Community Solar-Initiative ist.

Die Projekte werden mehrere lokale Regierungs-, Bildungs- und Unternehmensunternehmen unterstützen, darunter die Stadt Pueblo, das Pueblo Community College und den Pueblo County School District. Die erzeugte saubere elektrische Energie wird voraussichtlich den Äquivalent von fast 54.462 metrischen Tonnen Kohlenstoffemissionen über die Lebensdauer des Projekts ausgleichen. Diese Expansion steht im Einklang mit der strategischen Mission von Altus Power, saubere Energielösungen und wirtschaftliche Vorteile für die von ihr bedienten Gemeinden anzubieten.

Als Pionier der Community Solar ist Altus Power derzeit in der Lage, mehr als 25.000 Abonnenten im ganzen Land zu bedienen, indem es Unternehmen, Hauseigentümern und Mietern Einsparungen bei sauberer Energie bietet, ohne dass eine persönliche Installation oder Wartung von Solarpanels erforderlich ist.

Positive
  • Addition of 2.5 megawatts of operational solar projects in Colorado
  • Expansion of Community Solar program to benefit local municipalities and enterprises
  • Expected offset of 54,462 metric tons of carbon emissions over the project's lifetime
  • Alignment with strategic mission to deliver clean energy solutions and economic benefits
Negative
  • None.

Altus Power's addition of two operational solar projects in Colorado, totaling 2.5 megawatts, represents a modest expansion of their portfolio. While this news doesn't significantly impact the company's financials, it aligns with their strategic growth in the community solar sector. The projects' beneficiaries, including local municipalities and educational institutions, showcase Altus Power's focus on diversifying their customer base. Community Solar programs can provide stable, long-term revenue streams, potentially improving the company's financial stability. However, the relatively small scale of these projects suggests a immediate impact on Altus Power's bottom line. Investors should view this as a positive step in the company's expansion strategy, but not a game-changing development for the stock in the short term.

Colorado's leadership in Community Solar initiatives presents a favorable regulatory environment for Altus Power's expansion. The state's commitment to reducing carbon emissions aligns perfectly with Altus Power's business model, potentially opening doors for future growth. The projects' estimated offset of 54,462 metric tons of carbon emissions over their lifetime is significant from an environmental perspective. This development not only contributes to Colorado's sustainability goals but also positions Altus Power as a key player in the state's clean energy transition. The involvement of diverse stakeholders, from local government to educational institutions, demonstrates the broad appeal and potential scalability of Altus Power's community solar model. This could serve as a blueprint for expansion in other states, potentially driving long-term growth for the company.

Altus Power's strategic move into Colorado's community solar market demonstrates their ability to identify and capitalize on emerging trends. As the largest commercial scale provider of clean electric power, this expansion reinforces their market position. The diverse range of beneficiaries, including municipalities, educational institutions and a credit union, highlights the broad appeal of their community solar program. This diversity could help insulate Altus Power from sector-specific downturns. The company's growing subscriber base, now exceeding 25,000 nationwide, indicates strong market demand for their services. However, investors should note that while community solar is a growing sector, it's also becoming increasingly competitive. Altus Power's success will depend on their ability to scale efficiently and maintain customer satisfaction in a rapidly evolving market landscape.

Clean electric power generated by systems to benefit local municipalities through Community Solar

STAMFORD, Conn.--(BUSINESS WIRE)-- Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced the addition of two operational solar projects in Colorado, totaling 2.5 megawatts. The clean electric power generated by the ground-mounted systems will benefit local municipalities, including the City of Pueblo, Pueblo Community College and the Pueblo County School District, through the Altus Power Community Solar program, part of the Black Hills Energy Colorado community solar program.

As the first state to introduce Community Solar, Colorado is a leader in harnessing its solar resources to reduce carbon emissions and deliver more affordable and sustainable energy solutions to its municipalities and residents. These new projects support Altus Power’s strategic mission to deliver clean energy solutions and economic benefits to the communities it serves.

The clean electric power generated by the new projects will benefit several local government, educational and corporate enterprises, including the City of Pueblo, Posada Pueblo emergency shelter, Pueblo Community College, Pueblo County School District 70 and Premier Members Credit Union, offsetting the equivalent of nearly 54,462 metric tons of carbon emissions over the life of the project. Altus Power’s portfolio across 25 states serves enterprises committed to achieving carbon reduction goals, anchored by the company’s distributed solar arrays.

As one of the pioneers of Community Solar, Altus Power currently serves more than 25,000 subscribers nationwide. Community Solar provides enterprises, 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 Stamford, Conn., is the leading 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.

For More Information

Jenny Volanakis

mediarelations@altuspower.com

Source: Altus Power, Inc.

FAQ

What new solar projects has Altus Power (AMPS) announced in Colorado?

Altus Power has announced the addition of two operational solar projects in Colorado, totaling 2.5 megawatts. These ground-mounted systems will benefit local municipalities through the Altus Power Community Solar program.

Which local entities will benefit from Altus Power's new solar projects in Colorado?

The new solar projects will benefit several local entities, including the City of Pueblo, Posada Pueblo emergency shelter, Pueblo Community College, Pueblo County School District 70, and Premier Members Credit Union.

How much carbon emissions are expected to be offset by Altus Power's new Colorado solar projects?

The clean electric power generated by the new projects is expected to offset the equivalent of nearly 54,462 metric tons of carbon emissions over the lifetime of the project.

How many subscribers does Altus Power (AMPS) currently serve through its Community Solar program?

Altus Power currently serves more than 25,000 subscribers nationwide through its Community Solar program.

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