Commercial Scale Market Leader, Altus Power, Tops 1GW in Operating Assets
Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, has announced that its nationwide portfolio of operating assets has surpassed one gigawatt. The company now operates over 500 projects across 25 states and has expanded its Community Solar program to nine states, serving more than 25,000 subscribers.
To support growth, Altus Power has promoted Abhi Parmar to Chief Investment Officer, while Dan Griffin and Matt Marlow have been promoted to co-heads of Investment and Structured Finance. The company has increased revenues fourfold over the past five years and partners with CBRE and Blackstone.
Altus Power's operating portfolio generates and delivers more than 1.1 billion kilowatt hours of clean electric power to its customers nationwide. The company's largest Community Solar project in Hawaii has saved local subscribers nearly $100,000 over the past year and helped avoid more than 4,500 metric tons of carbon dioxide equivalents.
Altus Power (NYSE: AMPS), il più grande fornitore di energia elettrica pulita a livello commerciale, ha annunciato che il suo portafoglio di asset operativi a livello nazionale ha superato un gigawatt. L'azienda gestisce attualmente oltre 500 progetti in 25 stati e ha ampliato il suo programma di Energia Solare Comunale a nove stati, servendo più di 25.000 abbonati.
Per supportare la crescita, Altus Power ha nominato Abhi Parmar come Chief Investment Officer, mentre Dan Griffin e Matt Marlow sono stati promossi a co-responsabili degli Investimenti e della Finanza Strutturata. Negli ultimi cinque anni, l'azienda ha quadruplicato i ricavi e collabora con CBRE e Blackstone.
Il portafoglio operativo di Altus Power genera e fornisce più di 1,1 miliardi di chilowattora di energia elettrica pulita ai suoi clienti a livello nazionale. Il più grande progetto di Energia Solare Comunale dell'azienda alle Hawaii ha fatto risparmiare ai soci locali quasi $100.000 nell'ultimo anno e ha aiutato ad evitare più di 4.500 tonnellate metriche di equivalenti di anidride carbonica.
Altus Power (NYSE: AMPS), el mayor proveedor comercial de energía eléctrica limpia, ha anunciado que su cartera nacional de activos operativos ha superado un gigavatio. La compañía ahora opera más de 500 proyectos en 25 estados y ha expandido su programa de Energía Solar Comunitaria a nueve estados, atendiendo a más de 25,000 suscriptores.
Para apoyar el crecimiento, Altus Power ha promovido a Abhi Parmar como Chief Investment Officer, mientras que Dan Griffin y Matt Marlow han sido promovidos a co-directores de Inversión y Finanzas Estructuradas. La compañía ha incrementado sus ingresos cuatro veces en los últimos cinco años y colabora con CBRE y Blackstone.
La cartera operativa de Altus Power genera y entrega más de 1.1 mil millones de kilovatios hora de energía eléctrica limpia a sus clientes en todo el país. El mayor proyecto de Energía Solar Comunitaria de la compañía en Hawái ha ahorrado a los suscriptores locales casi $100,000 en el último año y ha ayudado a evitar más de 4,500 toneladas métricas de equivalentes de dióxido de carbono.
Altus Power (NYSE: AMPS), 청정 전력 공급의 최대 상업적 제공업체,는 자사의 전국 운영 자산 포트폴리오가 1기가와트를 초과했다고 발표했습니다. 이 회사는 현재 25개 주에서 500개 이상의 프로젝트를 운영하고 있으며, 9개 주로 커뮤니티 태양광 프로그램을 확장하여 25,000명 이상의 구독자에게 서비스를 제공하고 있습니다.
성장을 지원하기 위해 Altus Power는 Abhi Parmar를 최고 투자 책임자로 승진시켰고, Dan Griffin과 Matt Marlow는 투자 및 구조화 금융의 공동 책임자로 승진했습니다. 이 회사는 지난 5년 동안 수익을 4배 증가시켰고, CBRE 및 Blackstone와 협력하고 있습니다.
Altus Power의 운영 포트폴리오는 고객에게 11억 킬로와트시 이상의 청정 전력을 생성하고 배급합니다. 이 회사의 하와이에 있는 최대 커뮤니티 태양광 프로젝트는 지난 1년 동안 지역 구독자에게 거의 $100,000를 절약하게 했으며, 4,500톤 이상의 이산화탄소 동등물 생성을 방지하는 데 도움을 주었습니다.
Altus Power (NYSE: AMPS), le plus grand fournisseur d'électricité propre à l'échelle commerciale, a annoncé que son portefeuille d'actifs opérationnels à l'échelle nationale a dépassé un gigawatt. L'entreprise gère désormais plus de 500 projets dans 25 états et a élargi son programme d'énergie solaire communautaire à neuf états, servant plus de 25 000 abonnés.
Pour soutenir sa croissance, Altus Power a promu Abhi ParmarDan Griffin et Matt Marlow ont été promus co-responsables des investissements et des financements structurés. L'entreprise a multiplié par quatre ses revenus au cours des cinq dernières années et s'associe avec CBRE et Blackstone.
Le portefeuille opérationnel d'Altus Power génère et fournit plus de 1,1 milliard de kilowattheures d'électricité propre à ses clients dans tout le pays. Le plus grand projet d'énergie solaire communautaire de l'entreprise à Hawaï a permis aux abonnés locaux d'économiser près de 100 000 $ au cours de l'année écoulée et d'aider à éviter plus de 4 500 tonnes métriques d'équivalents de dioxyde de carbone.
Altus Power (NYSE: AMPS), der größte Anbieter von sauberer elektrischer Energie im kommerziellen Maßstab, hat bekannt gegeben, dass sein landesweiter Portfolio an Betriebsanlagen eine Gigawatt überschritten hat. Das Unternehmen betreibt jetzt über 500 Projekte in 25 Bundesstaaten und hat sein Community-Solar-Programm auf neun Bundesstaaten ausgeweitet, das mehr als 25.000 Abonnenten bedient.
Um das Wachstum zu unterstützen, hat Altus Power Abhi Parmar zum Chief Investment Officer ernannt, während Dan Griffin und Matt Marlow zu Co-Leitern der Investitions- und Strukturfinanzierung befördert wurden. Das Unternehmen hat die Einnahmen in den letzten fünf Jahren vervierfacht und arbeitet mit CBRE und Blackstone zusammen.
Das Betriebsportfolio von Altus Power erzeugt und liefert mehr als 1,1 Milliarden Kilowattstunden saubere elektrische Energie an Kunden im ganzen Land. Das größte Community-Solar-Projekt des Unternehmens in Hawaii hat lokalen Abonnenten im vergangenen Jahr fast 100.000 USD gespart und geholfen, mehr als 4.500 metrische Tonnen CO2-Äquivalente zu vermeiden.
- Surpassed 1 gigawatt in operating assets, demonstrating significant growth
- Operates over 500 projects across 25 states, indicating wide market presence
- Expanded Community Solar program to nine states with 25,000+ subscribers
- Increased revenues fourfold over the past five years
- Partnerships with major companies like CBRE and Blackstone
- Generates and delivers more than 1.1 billion kilowatt hours of clean electric power
- None.
Insights
Altus Power's achievement of 1GW in operating assets marks a significant milestone, demonstrating robust growth and market leadership in the commercial solar sector. The company's expansion to 500+ projects across 25 states and 25,000+ Community Solar subscribers in 9 states indicates strong market penetration and diversification.
Key financial implications include:
- Revenue growth: 4x increase over 5 years, suggesting strong financial performance
- Scalability: 1GW capacity enables generation of 1.1 billion kWh of clean power, potentially translating to substantial revenue streams
- Partnerships with industry giants CBRE and Blackstone likely provide access to capital and growth opportunities
- Community Solar projects, like the one in Hawaii saving subscribers
$100,000 annually, represent a growing revenue source with high customer retention potential
The promotion of key executives, particularly the new CIO role, signals a focus on strategic investment and capital structuring, which could lead to more efficient capital allocation and potentially higher returns on invested capital. While specific financial figures are not provided, the overall trajectory appears positive for Altus Power's growth and market position.
Altus Power's achievement of 1GW in operating assets is a significant milestone in the commercial solar industry. This scale positions the company as a major player in the clean energy transition, particularly in the commercial and community solar segments.
Key industry implications:
- Market leadership: Altus Power's claim as the "largest commercial scale provider of clean electric power" suggests a competitive advantage in a rapidly growing sector
- Geographical diversification: Presence in 25 states reduces regulatory and market risks while enabling further expansion
- Community Solar growth: Expansion to 9 states with 25,000+ subscribers indicates strong adoption of this innovative model, which could reshape residential solar markets
- Environmental impact: 1.1 billion kWh of clean power generation and 4,500 metric tons of CO2 equivalent avoided (in Hawaii alone) demonstrate substantial contributions to decarbonization efforts
The company's focus on providing power "where and when it's being consumed" aligns with the growing trend of distributed energy resources and could provide resilience benefits to commercial customers. As the clean energy transition accelerates, Altus Power appears well-positioned to capitalize on market opportunities and potentially influence industry standards.
Company highlights growth and momentum across key areas of the business
“From our first operating asset in
In support of the company’s growth strategy, Abhi Parmar has been promoted to Chief Investment Officer. In his new position, Parmar will oversee the company’s investment strategies in the areas of asset growth and capital structuring. Dan Griffin and Matt Marlow have been promoted to co-heads of Investment and Structured Finance. The Investment and Structured Finance team is responsible for the origination, negotiation, due diligence and transaction process of Altus Power’s project and portfolio opportunities. In addition, the team is responsible for sourcing and structuring debt and tax equity solutions.
Altus Power provides clean power where and when it’s being consumed, typically adjacent to areas of commercial activity. Over the past five years, the company has increased revenues fourfold and counts among its partners CBRE, the largest commercial real estate services company in the world, and Blackstone, the world’s largest alternative asset manager. Altus Power’s operating portfolio of more than one gigawatt allows the company to generate and deliver more than 1.1 billion kilowatt hours of clean electric power to its enterprise and Community Solar customers nationwide.
With the addition of its most recent Community Solar project in
About Altus Power
Altus Power, based in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241010095278/en/
Jenny Volanakis
mediarelations@altuspower.com
Source: Altus Power, Inc.
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