Cherry Street Energy designs, installs, owns, and maintains on-site solar power systems for commercial, industrial, and municipal clients, eliminating the need for upfront capital investment and ongoing maintenance costs. By providing predictable pricing for emission-free electricity, the company enables organizations to reduce their carbon footprint while ensuring reliable energy generation.
Funding
$40M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many commercial, industrial, and municipal organizations face significant upfront capital investment and ongoing maintenance costs when adopting on-site solar power systems. These financial and operational burdens can deter organizations from incorporating renewable energy into their operations, hindering their sustainability goals and access to predictable energy pricing.
Solution
Cherry Street Energy provides comprehensive, on-site solar power solutions, enabling organizations to access emission-free electricity without upfront capital investment or ongoing maintenance expenses. The company designs, installs, owns, and maintains solar power systems, offering predictable pricing for the electricity generated. Cherry Street Energy handles all aspects of the project, including site consultation, system design, permitting, construction, monitoring, and optimization, ensuring a hassle-free transition to renewable energy. By removing the financial and logistical barriers, Cherry Street Energy empowers organizations to reduce their carbon footprint and achieve long-term sustainability goals.
Target Audience
Cherry Street Energy primarily serves large-scale energy consumers in the commercial, industrial, non-profit, and municipal sectors seeking to reduce their carbon footprint and secure predictably priced, reliable electricity.
Features
- Vertically integrated solution encompassing funding, design, development, construction, operation, and maintenance of solar power systems
- Site consultation and data-driven system design to optimize energy generation and minimize grid back-feeding
- Management of all permitting and insurance processes
- 24/7 monitoring platform providing real-time production data and automated alerts for maintenance needs
- Proactive maintenance and optimization, including panel washing, meter inspections, and equipment upgrades
- Flexible installation options, including rooftop arrays, ground mounts, and canopies for parking decks and walkways
- Options to upgrade systems with EV charging stations and solar battery storage for enhanced energy independence