Strata Clear Power, a US photo voltaic and storage developer, has acquired Arizona-based Crossover Power Companions to broaden its choices and execution capabilities.
Strata has acquired everything of Crossover’s belongings and pursuits, together with its workforce. It stated that it’s going to leverage key Crossover relationships with municipalities, co-ops, utilities and enormous industrial entities to extend its attain and development, in addition to harness Crossover’s buyer origination and energy offtake competency.
Crossover Power Companions is a renewable power options firm that companions with utilities and enormous company customers to facilitate end-to-end options throughout the event, financing, development and operations of renewables initiatives.
“Strata’s acquisition of Crossover bolsters our capability to deliver high-value power options to our purchasers throughout a number of market segments and geographies,” stated Joshua Rogol, chief growth officer for Strata.
“The mixture of our platforms will probably be helpful to Strata as we develop our growth pipeline to over 15GWs this yr.”
Final yr, Strata agreed a 500MW module order take care of LONGi, to be fulfilled over two years. Across the identical time, it accomplished funding for a 130MW photo voltaic portfolio within the US consisting of 23 working belongings.
The corporate has a pipeline of virtually 8GW of photo voltaic PV initiatives and 25GWh of standalone power storage, with over 170 initiatives in operation.
Crossover Power introduced a partnership with KKR funding in 2021 to provide renewable power initiatives. The corporate has developed over 10.5GW of renewables and 11.7GWh of power storage options.