Catalyst Power Holdings LLC and JCD Solar Consulting LLC have finalized a strategic partnership agreement to maximize the marketing, aggregation and servicing for community solar projects.
Catalyst Power is an independent, integrated provider of cleaner energy solutions for the commercial and industrial (C&I) sector, while JCD is a leader in the solar project development market. With the agreement, Catalyst has made a minority equity investment in and will be the exclusive offtake provider for future JCD community solar projects.
Catalyst Power uses a unique strategy to fill community solar subscriptions. Instead of relying on a single large “anchor” subscriber, typically a large business, Catalyst Power recruits a diverse group of smaller companies. Multiple smaller subscribers provide community solar projects a safer, more resilient foundation of support while spreading solar’s benefits to a wider community of local businesses.
“We’re thrilled to be partnering with JCD Solar Consulting LLC to ensure community solar projects are fully subscribed and that small and mid-sized businesses can reap the many benefits of local solar,” said Gabe Philips, CEO of Catalyst Power, which is a portfolio company of BP Energy Partners LLC. “Catalyst Power is committed to helping commercial and industrial businesses access clean energy solutions that deliver savings, and community solar programs are among the easiest ways for them to save money while supporting the local community.”
Community solar programs provide residents and businesses the opportunity to save up to 10% on their utility bills while supporting local green energy development. JCD has developed 75 MWdc of utility-scale and community solar with a development pipeline of 100 MWdc.
“Catalyst Power is a fantastic partner and they’ve shown a unique effectiveness in fully subscribing for community solar projects. We look forward to working with them to drive down the costs of subscriber acquisition and management to increase savings for our subscribers and spread the benefits of solar to more small and mid-sized businesses,” said Donna Jones, partner and manager of JCD Solar Consulting.
Community solar projects are a collective array of panels installed in an offsite location, which produces clean solar energy. Almost any business in the area can access its benefits and receive credits toward their electric bills. Community solar offers local, clean energy that can often offset a portion of a business’s electric bill through bill credits with predictable rates and terms without subscribers having to install solar onsite.
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