Common Energy Crosses 1GW of Community Solar Projects; 500MW of Live Renewable Energy Assets
Common Energy Crosses 1GW of Community Solar Projects; 500MW of Live Renewable Energy Assets
Tens of thousands of families and low-income households lower their electricity costs on Common Energy’s clean energy platform
NEW YORK--(BUSINESS WIRE)--Common Energy, one of the country’s largest managers of community solar projects, announced it has crossed 1GW of projects under management, with over 500MW of projects live and generating renewable energy on the U.S. electrical grid.
Together, we’ve built a platform of renewable energy assets and software that provides 700 million kWh of clean electricity to the grid annually, and helps thousands of households save money by making energy more affordable.
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The 280+ projects span eleven states and the District of Columbia, and are connected to twenty-two of the nation’s largest utilities, including ComEd, Ameren, National Grid, Consolidated Edison, Xcel Energy and Baltimore Gas & Electric.
Community solar projects are built on fields and rooftops and are typically sized between 1-8MW. The projects generate clean energy that is connected directly to the electrical grid. The clean electricity enables utilities to reach their state-mandated Renewable Portfolio Standard (RPS) goals. Members of the community—businesses, nonprofits and households—sign up to support projects at no cost, and in exchange receive energy savings on their electricity bills each month. As a result, community solar projects are a key solution to the dual climate and energy affordability crises.
Common Energy was founded in 2017 and has grown its volume organically over the last nine years. Initially focused on the New York market, it expanded to states across the Mid-Atlantic (Delaware, Maryland, New Jersey), Northeast (Maine, Massachusetts, Rhode Island, Vermont), Midwest (Illinois, Minnesota), and West (Oregon) as state legislation was approved. Today the company serves fifteen developer clients and provides aggregate monthly savings of approximately $650,000 to over 26,000 electricity accounts, including over 5,000 low-income households.
“I’d like to thank our developer, utility and subscriber partners for their trust and support over the years,” said Richard Keiser, founder and CEO of Common Energy. “Together, we’ve built a platform of renewable energy assets and software that provides 700 million kWh of clean electricity to the grid annually, and helps thousands of households save money by making energy more affordable.”
Christophe Charpentier, COO of Common Energy, added, “From managing over 180 live projects, Common Energy’s team has built deep expertise in community solar asset management. Our platform and processes enable our partners to maximize the value of their assets.”
Common Energy’s platform provides a full suite of tools for managing community solar projects, including subscription levels, project- and subscriber-level collection performance, host- and satellite-bank tracking, utility integration and integrated financial reporting. It has extensive experience managing new projects from inception to commercial operation, as well as improving the performance of live projects that can be transferred to the platform.
About Common Energy
Common Energy is a leading clean energy advisor and community solar provider that services 1GW of projects across the country. Common Energy’s programs enable businesses, households, nonprofits and low-income families to support local clean energy projects, lower emissions in their communities and save money on their electricity. To join a community solar project, enroll at www.commonenergy.us. Organizations interested in partnering with Common Energy, please email partners@commonenergy.us.
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