Altus Power and Brightcore Energy Announce Completion of Multiple Solar Projects Across New Jersey
October 19 2023 - 6:30AM
Business Wire
Clean electric power to benefit local residents
through New Jersey’s Community Solar program
Altus Power, Inc., (NYSE: AMPS), the leading commercial-scale
provider of clean electric power, and Brightcore Energy, a leader
in developing and implementing renewable energy solutions for the
commercial and institutional market, today announced the completion
of 19 solar arrays across New Jersey utilizing rooftops from
Brennan Investment Group’s portfolio of logistics buildings. In
total, the assets will represent 7.4 megawatts (MWs) of solar
arrays which will be owned and operated by Altus Power and will
offer the benefits of clean, electric power to the local
community.
“New Jersey has one of the fastest growing community solar
programs in the country and Altus Power and Brightcore Energy have
been working together to make this program a reality,” said Gregg
Felton, co-CEO and co-founder, Altus Power. “Brennan has proven to
be an important partner for Altus in developing and constructing
solar projects that will benefit the entire community.”
“We are pleased to have the opportunity to work with Altus Power
and Brennan to develop this project to bring green, sustainable
energy to the surrounding communities. This project was rather
unique in that it encompassed so many locations within one project.
There was quite a bit of coordination to align all the logistics,”
said Mike Richter, President of Brightcore Energy.
The 7.4 MWs add to Altus Power’s total of 120 MWs across New
Jersey as of June 30th of this year and is part of the expected 40
MWs to be completed in the state by the end of 2023. The Brennan
assets are expected to produce clean electricity avoiding the
equivalent of 5,200 metric tons of carbon dioxide annually.
Altus Power serves more than 20,000 Community Solar subscribers
nationwide. Community Solar provides homeowners and renters of
diverse income brackets access to the benefits of clean energy and
power bill savings without the requirement of roof space or
home-installation of solar panels. Customers interested in the
benefits of clean energy can learn more by visiting
www.altuspower.com.
About Altus Power
Altus Power, based in Stamford, Connecticut, is the leading
commercial-scale provider of clean electric power serving
commercial, industrial, public sector and Community Solar customers
with end-to-end solutions. Altus Power originates, develops, owns
and operates locally-sited solar generation, energy storage and
charging infrastructure across the nation. Visit www.altuspower.com
to learn more.
About Brightcore Energy
Brightcore Energy, based in Armonk NY, is a leading provider of
end-to-end clean energy solutions to the commercial and
institutional market. Solutions include high-efficiency heating and
cooling systems (geothermal) for both new construction and existing
building retrofits, commercial-grade solar, LED lighting and
controls, energy storage, electric vehicle (EV) charging stations,
smart building solutions, and other emerging technologies.
Brightcore’s turnkey, end-to-end solutions encompass; preliminary
modeling & feasibility, design & engineering, financing
& incentive management, construction & implementation, and
system performance monitoring. Visit www.BrightcoreEnergy.com to
learn more.
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For More Information: Chris Shelton Head of Investor
Relations mediarelations@altuspower.com
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