Longroad Energy
Longroad Energy is a renewable energy company that has developed or acquired 5.4 GW of solar, wind, and storage projects across the United States and operates a total of 5.5 GW on behalf of itself and third parties.
Services
Longroad Energy offers a comprehensive suite of services in the renewable energy sector. These services include state-of-the-art remote monitoring, asset management, on-site technical support, and full back-office support. Their operations are anchored by a 24/7 Remote Operations Center (ROC) that leverages advanced performance monitoring and analysis tools. These services ensure the efficient and effective management of their extensive portfolio of wind, solar, and storage projects.
Renewable Energy Projects
Longroad Energy has developed or acquired nearly 75 utility-scale solar, wind, and storage projects, amounting to 5.4 GW of renewable energy projects across the United States. They own over 3.5 GW of these projects and operate and manage 5.5 GW on behalf of themselves and third parties. Notable projects include the Sun Streams Complex in Arizona, which features multiple solar and storage installations. The company's pipeline of future projects is approximately 25 GW.
Partnerships and Collaborations
Longroad Energy collaborates with leading industry players to enhance their renewable energy projects. They have partnered with First Solar for the supply of solar modules and have a long-term Power Purchase Agreement (PPA) with Arizona Public Service (APS) for the Serrano project. These strategic partnerships help Longroad ensure the reliability and efficiency of their renewable energy solutions.
Financial Backing and Investments
Longroad Energy has substantial financial backing, having raised over $14.5 billion in equity, debt, and tax equity to support the development and operation of their renewable energy projects. They have secured $600 million in debt financing specifically to expand their renewable portfolio. The company is supported by experienced and committed investors, which facilitates the successful implementation of their projects.
Sustainability and Community Engagement
Longroad Energy is committed to sustainability, with a focus on environmental conservation and community engagement. They prioritize environmental research and are active members of the Renewable Energy Wildlife Institute (REWI). The company also promotes Diversity, Equity, and Inclusion (DEI) in all aspects of its operations. Their comprehensive benefits package for employees underscores their commitment to social responsibility, including healthcare, a 401K plan with company match, education reimbursement, paid parental leave, and volunteer time off.