Anza Completes Separation from Borrego and Receives New Investment from Energy Capital Partners Led Consortium to Transform Solar and Storage Procurement

Anza’s procurement know-how connects photo voltaic and vitality storage tools suppliers with consumers to streamline the procurement course of and improve income, resulting in over 1 GW of photo voltaic modules offered final 12 months and anticipated which can develop to one hundred pc by 2023.

Anza, a brand new technology-enabled buying market that connects photo voltaic and vitality storage tools suppliers with consumers to simplify, speed up, and optimize the renewable vitality buying course of -progress, as we speak introduced that it has accomplished its separation from Borrego, a number one O&M supplier. An Vitality Capital Companions led a consortium of traders that included ECP’s-Vitality Transition Alternatives Fund, Angeleno Group, and different traders that offered funding to the corporate. Phrases of the transaction weren’t disclosed.

Formally launched in September 2022, Anza operates a technology-enabled procurement market powered by a proprietary engine of technical and monetary information from a big pool of pre-vetted top-tier tools suppliers. This engine was created to make the most of the Anza crew’s many years of expertise in creating, constructing, and sustaining retrofit tasks. The Anza platform simplifies photo voltaic module and vitality storage procurement, enabling builders, impartial energy producers, utilities, and EPCs to guage tools based mostly on complete lifetime worth. than the preliminary dollar-per-watt value to make knowledgeable, value-based selections that improve venture margins. Consumers can use the platform to effectively transact this data and cut back lead time by leveraging the corporate’s relationships with main suppliers and engaging, pre-negotiated contracts. These elements have led prospects to belief Anza, which has 1.9 GW of module gross sales thus far and anticipated development of one hundred pc year-on-year.

“Anza gives consumers a brand new manner, a greater manner, to purchase tools,” mentioned Mike Corridor, Chief Govt Officer of Anza. “The established order in photo voltaic and storage procurement could be very inefficient. Consumers and sellers are losing plenty of time looking for the fitting match and chasing unstructured information. Consumers are pressured to bulk purchase based mostly in value, as a result of they don’t have the instruments to guage the general. worth and danger simply. We imagine that Anza can improve the monetary return and cut back the lead time for any photo voltaic or storage venture by revolution within the main materials procurement course of – serving to to speed up the adoption of renewable vitality.”

With funding from ECP and different traders, Anza will proceed to increase its platform choices to incorporate extra options, additional decreasing friction in as we speak’s photo voltaic and storage procurement processes. At present, Anza’s proprietary know-how has enabled builders and homeowners of photo voltaic tasks similar to Ormat, Normal Photo voltaic, and Renewable Properties to attain good and environment friendly procurement outcomes.

“As a number one investor in renewables, we frequently see the challenges builders, IPPs, and EPCs face in procuring main supplies for his or her tasks,” mentioned Andrew Gilbert, associate at ECP. “We imagine Anza’s know-how, expertise, and technique will enhance procurement outcomes for each distributed technology and utility-scale consumers. We stay up for persevering with Anza’s super business momentum and supporting Anza’s proficient administration crew as they work to remodel the photo voltaic and storage tools procurement market.”

Anza will proceed to be led by former members of Borrego’s management crew, together with Mike Corridor (CEO), Aaron Corridor (President), Malini Balakrishnan (CTO) and John duPont (EVP of Enterprise Improvement & Technique).

To study extra concerning the Anza platform, please go to www.anzarenewables.com. Submit your subsequent Anza app venture at app.anzarenewables.com so you’ll be able to see Anza’s renewable energy.

About Anza

Anza is a brand new procurement platform that permits builders, homeowners, utilities and EPCs of photo voltaic and vitality storage tasks to earn further venture revenue. It shortly analyzes and ranks the module or vitality storage tools choices of essentially the most monetary worth, in accordance with particular venture inputs. Along with a sturdy analytics engine, Anza’s knowledgeable crew guides prospects via their buying selections to attenuate danger and maximize worth by offering entry to wonderful pricing, phrases that pre-negotiate and execute grasp provide contracts to lock in orders shortly. The twin-sided platform allows distributors to actively take part, acquire entry to real-time market information, a rising gross sales channel, and the power to adapt their choices simply.

Anza was born from Borrego’s inner instruments that maximize the monetary worth of its personal tasks. In 2021, Anza will launch as a standalone procurement software for wider trade use and to additional the corporate’s mission to speed up the adoption of renewable vitality. For extra data, go to anzarenewables.com.

About ECP

Vitality Capital Companions (ECP), based in 2005, is a number one investor in vitality transition, electrification and decarbonization infrastructure property, together with energy technology, renewables and storage options, environmental infrastructure and effectivity and reliability properties that facilitate vitality switch. The ECP crew, composed of 68 individuals with 550 years of collective trade expertise, deep experience and intensive relationships, has accomplished greater than 60 transactions within the final 10 years, representing greater than $45 billion enterprise worth. For extra data, go to www.ecpgp.com.

Concerning the Angeleno Group

Based in 2001, Angeleno Group is a pioneer in offering development capital for next-generation clear vitality and local weather options corporations. Since its founding, the Angeleno Group has develop into one of many largest devoted clear vitality and sustainable funding corporations within the nation, making development investments on a worldwide foundation. The corporate’s predominant technique is to put money into high-growth, well-managed, modern companies with confirmed applied sciences and established buyer traction. The Angeleno Group invests in several types of offers, with a sector-focused, stage-agnostic and research-driven technique. The Angeleno Group is situated in Los Angeles, California. For extra data, go to www.angelenogroup.com.