Integrated clean energy solutions provider for the C&I sector Catalyst Power Holdings LLC and solar project developer JCD Solar Consulting LLC have reached a strategic partnership agreement to maximize the marketing, aggregation and servicing for community solar projects.
Catalyst Power has made a minority equity investment in future community solar projects by JCD Solar Consulting and will be the exclusive offtake provider for the projects.
Unlike the traditional approach relying on a single large anchor subscriber, Catalyst Power uses a unique strategy to fill community solar subscriptions. The company recruits a diverse group of smaller companies to spread the benefits of solar on a broader basis, saving up to 10% for their energy bills meanwhile providing community solar projects a safer, more resilient foundation of support.
"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.
"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 projects offer a more accessible way for businesses to invest in renewables and help them work towards a more sustainable future. Catalyst Power is a portfolio company of Texas-based BP Energy Partners LLC and centers on underserved middle-market commercial and industrial end-use customers.
"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 LLC.
To date, JCD Solar Consulting LLC has developed 75 MWdc of utility-scale and community solar with a development pipeline of 100 MWdc.