Bridge Funding Group Holdings introduced the launch of its latest technique, Bridge Solar Energy Development, in partnership with Lumen Energy.
As firms transfer to decarbonize their operations, onsite renewable vitality is more and more economical. Industrial rooftop photo voltaic expertise prices have fallen 69% over the past 10 years, whereas retail electrical energy costs elevated 10% nationally simply since 2020; nevertheless, onsite business photo voltaic deployment has remained gradual as a result of advanced utility constructing knowledge, provide chain points, financing complexities and various state-specific incentives. For one-off initiatives, the unfamiliar course of overhead and capital expenditure stay excessive in comparison with direct advantages, but too small for utility-scale traders. Bridge believes that its nationwide footprint and native experience, mixed with Lumen’s data-driven expertise, will streamline the evaluation and implementation of photo voltaic in a high-demand market that has been largely untapped. Solely 4.5% of the roughly six million business properties in the USA presently have photo voltaic arrays, leaving greater than 145 gigawatts of onsite photo voltaic potential.
“We count on Bridge Photo voltaic to offer an unmet want for inexperienced vitality, through the availability of unpolluted vitality at a reduction to market charges by deploying renewable vitality infrastructure tools on current buildings,” stated John Ward, CEO of Bridge Photo voltaic, and chief funding officer of Bridge Workplace. “By partnering with Lumen Vitality, a frontrunner within the clear vitality software program and vitality challenge growth course of expertise house, we’ll supply greatest in school design, procurement, development and operation of photo voltaic initiatives on properties owned by Bridge-managed funds and third-party belongings.”
This distinctive partnership permits Bridge Photo voltaic to judge hundreds of latest property addresses directly and make choices in minutes. Constructing on expertise pioneered at U.S. Nationwide Labs, Lumen’s expertise quantifies the economically best “clear vitality stack” distinctive to every property, inclusive of financing and incentives, then automates the deployment course of.
“We’re excited to accomplice with Bridge on the following part of development for Lumen,” stated Peter Mild, CEO of Lumen. “Collectively, our scale, precision, and automation permit us to ship worthwhile decarbonization with pace and ease. By constructing solar-powered vitality programs on current buildings, Bridge Photo voltaic will make the most of unused house to fulfill the rising demand for inexperienced vitality, whereas concurrently offering house owners and tenants a reduction to market vitality costs.”
Information merchandise from Bridge Funding Group