Altus Power
Altus Power, based in Stamford, Connecticut, provides clean energy solutions and operates over 1 Gigawatt of solar assets across the United States. The company went public in December 2021 and is traded on the NYSE under the ticker AMPS.
Company Overview
Altus Power is a clean energy solutions provider based in Stamford, Connecticut. The company focuses on delivering solar energy and battery storage solutions. As of December 2021, Altus Power is traded publicly on the New York Stock Exchange under the ticker symbol AMPS.
Strategic Partnerships
Altus Power has developed key strategic partnerships to enhance its clean energy initiatives. It is backed by Blackstone, the largest owner of commercial real estate globally, and CBRE, the world's largest commercial real estate services company. These partnerships enable Altus Power to expand its reach and capabilities in the commercial real estate market.
Solar Assets and Projects
Altus Power operates over 1 Gigawatt of solar assets across the United States. Their solar systems have generated a cumulative total of 5,704,961,506 kWh of solar power, avoiding 651,749 metric tons of CO2 emissions. In 2022 alone, their systems produced 455,000 MWh of solar power. The company recently expanded its portfolio by acquiring solar arrays from Vitol for $118 million.
Community Solar Program
Altus Power offers a Community Solar program which allows customers to purchase electricity from a local solar project without needing to install any equipment. This program is available in multiple states, including Hawaii, Illinois, Maryland, Massachusetts, Minnesota, New Jersey, New York, and Maine. Subscribers to this program can reduce their monthly power bills by up to 20%, and excess energy credits can be banked for future use.
Clean Energy Solutions
Altus Power provides a wide range of clean energy solutions for various sectors, including corporate entities, schools, hospitals, nonprofits, and municipalities. These solutions include solar energy generation, battery storage systems to reduce demand charges, and electric vehicle (EV) charging stations. Additionally, the company's Altus IQ platform offers real-time monitoring and comprehensive reporting to assist organizations in implementing and managing their sustainability strategies.