Altus Power, Inc. reposted this
Some key investor observations following a busy period of industry discussions: * Altus is the leader in the rapidly growing commercial scale solar space, building systems of scale that generate clean power where it is being consumed. We believe there are opportunities to increase our market share, while also increasing general market education about our industry. * Altus is well positioned to take advantage of macro tailwinds that investors believe are supporting growth in the renewables industry: - After 20 years of relatively flat energy consumption, the industry is bracing for dramatic growth in the demand for power. - While electricity prices are expected to rise, build costs are likely to decline benefitting from significant growth in domestic manufacturing. - Investors are focused on companies that can benefit from these tailwinds, with utility stocks being some of the best performers in 1H ‘24. * Increased volume of renewable M&A across Europe and the US, driven by a depth of private capital investing in these long-term infrastructure assets. It’s a great time to be a clean power company.
Himanshu V.
3mo
Altus Power, Inc.'s contributions to the electronics Solar industry are awe-inspiring. The way you’re navigating the complexities of this field and driving innovation is inspiring. At Webrock Media, we recognize the importance of your work and how it shapes the future of Green energy. As an IT solutions company, we are committed to supporting firms like yours with the technology needed to excel. Keep up the great work! webrockmedia.com
David Waserstein
3mo
Broadly agree Gregg, but the negative power prices in Europe for renewable MWh on the margin are problematic for project investors everywhere, especially when coupled with the higher yield curve. To wit, that depth of capital is artificially capping project yields and eventually I think these two countervailing forces are going to come to a head. Thoughts?
Barry Kupferberg
3mo
Bitcoin production is the ultimate complement. Immediately sheddable load to add to economics.
David Shapiro
3mo
Gregg, thank you for sharing
Co-Founder & CEO, Altus Power, Inc.
3moDavid Waserstein We believe the unit economics of commercial scale solar, which is Altus Power’s focus, provide the most attractive returns for investors. But, unlike larger utility scale projects, it’s difficult for private capital to access our market segment at scale. As the largest owner-operator of commercial scale solar in the market, Altus Power’s portfolio of ~ 1 gigawatt is comprised of approximately 500 sites, representing an average of 2 megawatts per site. Individual projects of $2-10 million are “middle market” and not likely to be of interest to large pools of private capital. Portfolios of scale, on the other hand, are more likely to capture the attention of private capital.