Brightcore Energy, a prominent player in renewable energy solutions for commercial and institutional markets, has announced a groundbreaking solar initiative in collaboration with Altus Power, Inc. (NYSE: AMPS) and Brennan Investment Group. The project spans 19 properties owned in a joint venture between Brennan and Global Gate Capital, featuring over 16,000 solar panels across multiple rooftops.
Strategic Collaboration for Sustainable Energy
Brightcore President Mike Richter expressed enthusiasm about the project, emphasizing its uniqueness and the coordination required due to its scale and distributed locations. The collaboration with Altus Power and Brennan is set to bring green, sustainable energy to surrounding communities.
Multi-Building Solar Landscape
Chris Massey, Managing Principal of Brennan Investment Group, highlighted the importance of renewable energy in their investment strategy. The project’s engineering and implementation, covering multiple buildings, required a collaborative “team approach” with the Brightcore team to achieve successful outcomes.
Enhancing Portfolio Sustainability
Philip Tager, Head of U.S. Real Estate for Global Gate Capital, expressed excitement about the project’s completion, emphasizing its positive impact on portfolio sustainability.
New Jersey’s Growing Community Solar Program
Altus Power’s co-CEO and co-founder, Gregg Felton, noted New Jersey’s rapidly growing community solar program. The collaboration with Brightcore and Brennan reflects their commitment to developing projects that benefit the entire community.
Projected Impact and Environmental Benefits
The combined 7.5-megawatt rooftop system, set to conclude development next month, is projected to produce 8,993MWh of electricity annually. This translates to a significant reduction in CO2 emissions, equivalent to eliminating 1,418 gas-powered vehicles from the road for a year or covering a distance of 16,337,962 miles.
About Brightcore Energy
Brightcore Energy, headquartered in Armonk, NY, stands as a leading provider of end-to-end clean energy solutions for the commercial and institutional market. Their comprehensive solutions encompass geothermal systems, commercial-grade solar, LED lighting, energy storage, EV charging stations, smart building solutions, and other emerging technologies. Brightcore’s holistic approach covers modeling, design, financing, construction, and system performance monitoring.
Source: businesswire.com
