Altus Power to supply clean power options to US real estate giant

Mar 30, 2022 03:24 PM ET
  • Commercial and industrial (C&I) solar designer Altus Power has actually authorized a major strategic partnership with Trammell Crow Company (TCC), one of the largest commercial real estate developers in the US, to bring Altus Power's clean power remedies to TCC's real estate projects.
Altus Power to supply clean power options to US real estate giant
Image: Altus Power

Under the terms of the multi-year tactical partnership, Altus Power will bring its solar PV products, battery energy storage systems (BESS) and electric-vehicle (EV) charging to TCC's real estate portfolio.

The cooperation intends to release 300MW of rooftop solar across the US over the following 3 to four years, with battery storage capacity and also electric-vehicle charging together with. The preliminary focus will be 35 million sq. ft. of US industrial properties in TCC's development pipeline.

"We are thrilled regarding this first-of-its-kind collaboration to bring clean electrification to the country's largest commercial real estate development system," stated Lars Norell, co-CEO of Altus Power, which has just recently landed a supply agreement with Canada-headquartered solar maker Heliene for 250MW of solar modules.

"This collaboration emphasizes the substantial possibility that is readily available in the commercial and also industrial (C&I) solar market, as well as we eagerly anticipate dealing with other real estate owners, developers and also occupiers to increase their change to a lower carbon impact," said Norell.

Discussing observed patterns in the solar sector at the turn of the year, PV Tech reported just how residential and C&I solar in the United States is ending up being increasingly integrated with various other verticals.

This has been illustrated by a number of current acquisitions such as home protection huge ADT buying Sunpro solar for US$ 825 million, Sunnova partnering up with security company Brinks Homes to go across offer its products as well as BayWa r.e. exploring the potential to coordinate with roofing company Beacon to provide solar and also roofing services all at once.

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