Altus Power, Inc.

We’re proud to announce a groundbreaking tax equity partnership that marks a significant milestone in our commitment to expanding solar energy accessibility. In a first-of-its-kind move for Altus Power, we’re leveraging the flexibility introduced by the IRA to directly transfer a majority of the Investment Tax Credits from an existing partnership to other partners with substantial tax capacity. This innovative hybrid structure not only enhances our operational flexibility but also opens new avenues for collaboration and growth within the solar market. According to Head of Investment and Structured Finance, Abhi Parmar, "By incorporating the ability to transfer tax credits, we are unlocking new opportunities for value creation and expanding relationships with additional Altus Power partners who have interest in acquiring investment tax credits via direct transfer.” Read more here: https://lnkd.in/egr348ni

Thank you to my fellow panelists Nishant J. James West and L. Scott Askins at the #TRISEMA24 Forum, covering the impact of disrupted industries on deal opportunities. Dealmakers will see waves in the market due to AI-driven services and the increasing demands for a wide range of energy sources, including distributed solar power from companies such as Altus Power, Inc., wind power, hydrogen, natural gas and nuclear energy, as well as for reliable transmission and infrastructure in the United States and around the world.

Exciting insights from a recent "Economist" article reveal the transformative potential of solar power, projecting it to become the globe's largest electricity source by the mid-2030s. With solar capacity doubling every three years, we’re on track to see incredible milestones in renewable energy growth. Commercial solar plays a crucial role in this revolution, by generating clean, electric power where it’s being consumed. As we shift toward more sustainable practices, the decrease in solar costs offers enterprises and households both greener options and significant savings. Altus Power is proud to be part of this momentum and supports policies that remove barriers to rapid solar deployment. Read more about solar's bright future in our latest blog post: https://lnkd.in/e52TPdZM

Altus Power released its 2023 Sustainability Report: "Renewable Energy, Responsible Practices," showcasing our environmentally focused approach to our business operations. According to Chief Sustainability Officer, Sophia Lee, "Altus Power is dedicated to leading the transition to a low-carbon economy and expanding access to clean energy for enterprises and households nationwide." https://lnkd.in/emm7vARM

Altus today announced the addition of two new operational solar projects in Colorado, supporting the state's Black Hills Energy Colorado Community Solar program. We're proud to welcome the City of Pueblo, Pueblo Community College and the Pueblo County School District to our roster of Community Solar customers. https://lnkd.in/eR_FuVFn

Happy Labor Day! This year, the U.S. renewable energy sector has added more than 300,000 new jobs, growing at nearly 3x the rate of the overall U.S. workforce. 🌱⚡ From our dedicated teams in the field to our incredible HQ staff, your hard work and commitment are what make it possible to provide clean electric power to enterprises and households coast-to-coast. Together with our industry partners, we’re proud to be building a more sustainable future, one project at a time. 💪🌍 Thank you for all that you do! Here’s to continuing our journey towards a greener tomorrow. #LaborDay #RenewableEnergy #Sustainability

[Open Access] Large offshore wind farms and solar panels installed on hundreds of acres at a time tend to dominate the discussion surrounding the transition to clean energy sources. What is often overlooked are the smaller projects that help decarbonise energy use much quicker and more efficiently than any of the behemoth projects can. This is where companies such as Connecticut-headquartered Altus Power, Inc. step in to plug a gap in the market and help corporates and other entities transition away from fossil fuel reliance while the utilities focus on grid scale consumption. inspiratia sat down with co-founder and current chief executive of Altus Power, Gregg Felton, to discuss the company's continued growth despite challenging economic circumstances. Felton, a former Goldman Sachs banker, gives us a peek behind the curtain for a brief glimpse at the inner workings of this rapidly expanding entity - from innovative financing strategies to commercial partnerships, all of which propelled the relatively young company to being one of the largest provider of clean energy to commercial, industrial and public sector clients in the US. https://lnkd.in/ef7xUqv4

We are excited to announce that a limited number of slots are available in our Altus Power Community Solar program at the soon-to-be energized project at the Morgan Stanley campus. This state-supported program enables both homeowners and renters to enjoy the benefits of solar energy without any upfront costs or installation requirements. Learn more in today’s announcement: https://lnkd.in/eg5s3eBJ

We're proud to announce the completion of two new solar projects in Maine, increasing our footprint in the Pine Tree State. The clean, electric power generated by the assets will benefit more than 2,600 households in Maine through our Community Solar program. https://lnkd.in/eKDSJB7J

This afternoon, Altus Power announced its second quarter earnings, with a 42% increase in the size of its portfolio. CEO, Gregg Felton, commented, “Altus Power has assembled a portfolio of highly attractive assets that will generate long-term value for our investors. In Q2 2024, we continued to prudently scale our portfolio and capitalize on long-term growth opportunities." Please join us for our earnings call at 4:30 ET or access the replay for more on our Q2 performance. https://lnkd.in/ejY3JtB5