Altus Power to supply clean energy solutions to US real estate giant

Altus Power has built or acquired distributed PV facilities totalling more than 265MW. Image: Altus Power.

Commercial and industrial (C&I) solar developer Altus Power has signed a major strategic partnership with Trammell Crow Company (TCC), one of the largest commercial real estate developers in the US, to bring Altus Power’s clean power solutions to TCC’s real estate projects.

Under the terms of the multi-year strategic partnership, Altus Power will bring its solar PV products, battery energy storage systems (BESS) and electric-vehicle (EV) charging to TCC’s real estate portfolio.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The collaboration aims to deploy 300MW of rooftop solar across the US over the next three to four years, with battery storage capacity and electric-vehicle charging alongside. The initial focus will be 35 million sq. ft. of US industrial assets in TCC’s development pipeline.

“We are excited about this first-of-its-kind partnership to bring clean electrification to the nation’s largest commercial real estate development platform,” said Lars Norell, co-CEO of Altus Power, which has recently landed a supply agreement with Canada-headquartered solar manufacturer Heliene for 250MW of solar modules.

“This partnership underscores the significant opportunity that is available in the commercial and industrial (C&I) solar market, and we look forward to working with other real estate owners, developers and occupiers to accelerate their transition to a lower carbon footprint,” said Norell.  

Commenting on observed trends in the solar industry at the turn of the year, PV Tech reported how residential and C&I solar in the US is becoming increasingly integrated with other verticals.  

This has been illustrated by a number of recent acquisitions such as home security giant ADT buying Sunpro solar for US$825 million, Sunnova partnering up with security company Brinks Homes to cross sell its products and BayWa r.e. exploring the potential to team up with roofing company Beacon to offer solar and roofing services simultaneously.

22 May 2024
London, UK
At the time of writing, Europe had had its most successful year in terms of Power Purchase Agreements (PPAs) with a record 7.8GW of renewable energy contracts signed. As we gather in May 2024 for the third edition of the Renewable Energy Revenues Summit, the energy landscape continues to evolve rapidly, influenced by the beating drum of climate change, volatility around power prices and the need to decarbonise power procurement as well as generation.
4 June 2024
London, UK
UK Solar Summit 2024 will look at the role solar currently plays in the energy mix, how this will change over the coming years and how this aligns with net-zero and other government targets. We will break down all these challenges and help build up solutions through discursive panels, motivational keynotes and case studies, with newly added interactive sessions to get you moving and meeting your peers, making the connections you need to boost your business.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 21, 2024
Sydney, Australia
Solar Media Events
May 21, 2024
Napa, USA
Solar Media Events
May 22, 2024
London, UK
Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)