Solaris Energy selected as a financial ally for the Better Climate Challenge

The certified B-Corp and 1% for the Planet member, Solaris Energy, announced its partnership with the U.S. Department of Energy (DOE) on the Better Climate Challenge. It was selected as a Financial Ally for the program, in which the company will commit $40 million in funding for decarbonization projects built with solar and storage technology.

Solar Panels Installed on Green Land

Solaris Energy captured DOE's attention with their remarkable achievements in completing two power purchase agreement (PPA) projects across 26 locations in the U.S. for another Better Climate Challenge participant, Colorado State University (CSU). Under the partnership, the company plans to make bold financial investments in energy efficiency and renewables and actively pursue new opportunities to finance projects.

"We're really proud to be backed by the DOE as a financial ally. We've been in the solar finance business for a long-time and it's nice to be recognized for the quality work we do with wonderful partners like CSU," said Alex Blackmer, Founder and CEO of Solaris Energy.

The program's goals are to mitigate the impact of climate change while creating green jobs and strengthening the clean energy economy through "challenging organizations to set ambitious, portfolio-wide, and near-term operational greenhouse gas emissions reduction goals." 

As an approved Financial Ally, Solaris Energy will deploy at least $40 million over the next two years to develop distributed energy solar and storage projects for organizations and their buildings across the U.S. The majority of this funding will be provided through PPAs, leases and loans at prices at or below market electricity rates for municipality, university, school, non-profit, commercial and industrial clients.

Solaris Energy will also play a role as a contributor to DOE's online tool, Financial Navigator, which acts as a resource platform to fuel this program by streamlining and speeding up the process for organizations to find approved solutions for efficiency and renewables projects.

Solaris Energy's Vice President, Nick Perugini, will be speaking at the DOE Better Buildings, Better Plants Summit in April, where attendees can learn more about the financial commitment and how to successfully take advantage of the opportunity to benefit their organization.

=
2nd Annual AgriVoltaics EuropeNov 7 - Nov 9, 2023Amsterdam, Netherlands
Agrivoltaics is the clean energy solution that helps farms and agriculture to protect themselves from great weather conditions and other damaging factors. Innovative companies in this field design new solar…
More Details >
40th European Photovoltaic Solar Energy Conference and Exhibition (EU PVSEC 2023)Sep 18 - Sep 22, 2023Lisbon, Portugal
The EU PVSEC is a premier international conference and exhibition for photovoltaic research, technologies and applications. It brings together the global PV community to showcase the latest developments, foster networking…
More Details >

Leave a Reply

Your email address will not be published. Required fields are marked *

CLOSE
Pop-up Subscribe Header

Subscribe to get updates delivered to your inbox.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram