Innovative Partnership for Solar Energy Development
OnSwitch, Inc. (NASDAQ: ONSW), a leading force in software-driven commercial solar project development, has announced a groundbreaking partnership with Radial Power. This collaboration is aimed at developing a robust 100 megawatts of solar capacity over a two-year period. The initiative represents a significant commitment to enhancing sustainable energy solutions in commercial infrastructures.
Comprehensive Solar Solutions for Corporate Clients
The partnership between OnSwitch and Radial Power is set to energize corporate customers by bringing forth numerous solar projects covering an impressive 10 million square feet of rooftop space. A key feature of these developments will be the integration of advanced technologies, including energy storage systems and electric vehicle charging stations, alongside community solar hosting options that will benefit local communities.
Commencement of Development
Development on this essential initiative has already kicked off on the first sites, which are to be owned and managed by Radial Power. This venture broadens OnSwitch’s financing abilities and operational resources, making their advanced solar project solutions more accessible to businesses looking to harness renewable energy effectively.
Leadership Insights
Mark Bronez, the CEO of OnSwitch, expressed enthusiasm about the collaboration, emphasizing the growing demand for solar energy in the commercial and industrial domains. He stated, "We are thrilled to partner with Radial, particularly as interest in solar solutions continues to escalate. This partnership equips us with the necessary resources to swiftly scale and meet increasing demand."
John Bates, CEO of Radial Power, echoed these sentiments, highlighting how this alliance allows them to utilize OnSwitch's expertise and established relationships with significant building owners across the country, paving the way for swiftly deploying economical and sustainable energy solutions.
Streamlined Access to Solar Electricity
The collaboration aims to simplify the process for corporate customers when it comes to assessing and acquiring solar electricity. By leveraging OnSwitch's innovative AI-driven SkyQuotes™ software, corporate clients will be able to access lower-cost electricity without the burden of upfront capital investments. This move is positioned to significantly assist businesses in reducing energy expenses across their properties.
About OnSwitch
OnSwitch, based in San Francisco, California, specializes in commercial and industrial solar energy project development. Utilizing its patented SkyQuotes™ and SkyPlanner™ software, OnSwitch effectively streamlines the solar project evaluation process for clients. The company's management team possesses a wealth of experience in the solar sector, having successfully developed over 2,000 megawatts across more than 4,000 projects since its inception.
About Radial Power
Radial Power is a private entity dedicated to the development, ownership, and operation of distributed clean energy assets across extensive real estate portfolios. Located in Houston, Texas, Radial Power is supported by investment affiliates of energyRe and Starwood Energy, marking a strategic approach towards sustainable energy management.
Frequently Asked Questions
What is the purpose of the partnership between OnSwitch and Radial Power?
The partnership aims to develop 100 MW of solar capacity, providing sustainable energy solutions for corporate clients over the next two years.
How will corporate customers benefit from this collaboration?
Corporate customers will gain access to lower-cost electricity without upfront capital expenditures, optimizing their energy expenses and enhancing sustainability.
What technologies are expected to be integrated into the solar projects?
The projects are anticipated to include energy storage systems, electric vehicle charging stations, and options for community solar hosting.
Where is OnSwitch headquartered?
OnSwitch is headquartered in San Francisco, California, focusing on commercial and industrial solar project development.
Who is behind Radial Power?
Radial Power is a privately-owned entity backed by investment affiliates of energyRe and Starwood Energy, focused on developing clean energy assets.
