— Spruce Professional expands Spruce Energy into the industrial photo voltaic market, which is anticipated to expertise double-digit progress by the tip of the last decade — The brand new enterprise line introduces a set of administration asset and product buying and selling instruments to extend productiveness and high quality of service for industrial photo voltaic prospects — Greatest-in-class buyer and portfolio companies assist prospects improve income, prolong the lifetime of property, decreasing working prices and assembly sustainability objectives
Spruce Energy Holding Company (NYSE: SPRU) (“Spruce” or the “Firm”), a number one proprietor and operator of distributed photo voltaic vitality property all through the US, at this time introduced the launch of Spruce Professional, a model that extends Spruce’s distributed photo voltaic. vitality servicing capabilities to a brand new progress section of business photo voltaic.
Constructed on the foundational energy of Spruce’s present portfolio serving owned and third-party photo voltaic residence property, Spruce Professional is poised to reap the benefits of a market section that has but to be tapped into. Firm, rising progress prospects and worth creation for the Firm and industrial shoppers. This enlargement aligns with the Firm’s dedication to advancing clear vitality options and underscores its dedication to serving a broader spectrum of photovoltaic asset house owners.
Christian Fong, CEO of Spruce Energy, commented, “This enlargement to work with industrial shoppers is a pure match for our group, which promotes service options for distributed photo voltaic vitality property over the previous decade. quickly rising industrial photo voltaic market so new shoppers can leverage Spruce’s trusted service and environmental product groups.”
The launch of Spruce Professional comes after forming partnerships with industrial photo voltaic house owners in 2023. Spruce has been in a position to create new income with excessive return on funding and improve web margins for his or her companions. that firm. Preliminary successes show the scalability and market-readiness of the Spruce Professional platform.
Spruce Professional: Unlocking Productiveness and Worth for Companies
Spruce Professional leverages fit-for-purpose programs to speed up operational effectivity and improve productiveness for industrial prospects by way of end-to-end portfolio servicing and an skilled environmental commodities staff. Spruce Energy believes these service choices create a basis for mutually useful relationships, unlocking platform worth for the comparatively underserved industrial photo voltaic market whereas providing excessive returns of funding for the Firm.
Business Buyer Service – With a mature service infrastructure, a US-based name heart, and industry-specific expertise already in place, Spruce Professional handles the wants of enterprise portfolio house owners in any measurement. Spruce’s service expertise contains lending and tax fairness administration and reporting, invoicing and collections, and asset administration.
Portfolio Monetary Operations- Spruce’s lengthy historical past as a number one supplier of distributed photo voltaic vitality provides Spruce Professional shoppers entry to a confirmed monitor file of environment friendly and acceptable back-office proprietary companies. This contains accounting, regulatory filings, treasury, and money administration.
Environmental Commodities Markets (ECM)- Spruce Professional unlocks worth by maximizing SREC income or limiting future publicity to the volatility of environmental commodities. At launch, Spruce Professional is already positioned as one of many main producers out there for California SRECS. As an proprietor and operator of one of many largest rooftop photo voltaic portfolios in North America, Spruce’s ECM staff has years of expertise reporting, mining, and transacting renewable vitality credit.
With a variety of capabilities from asset administration companies, environmental commodity market choices to broad industry-based servicing, Spruce Professional can supply tailor-made options for the distinctive wants of shopper.
For extra info, please go to https://sprucepower.com/professional/.
About Spruce Energy
Spruce Energy Holding Company (NYSE: SPRU) is a number one proprietor and operator of distributed photo voltaic vitality property all through the US. We offer subscription-based companies that make it simple for owners to profit from rooftop solar energy and battery storage. Our energy as-a-service mannequin permits customers to entry new expertise with out making a big upfront funding or incurring upkeep prices. Our firm owns the money flows from over 75,000 residence photo voltaic properties and contracts throughout the US. For extra info, please go to www.sprucepower.com.