Industrial Sun develops renewable energy and storage projects specifically for industrial and high energy demand customers. The company provides comprehensive solar development capabilities that deliver significant power bill savings and verifiable carbon reductions for energy buyers. They partner with landowners to responsibly develop projects supporting industrial growth and rural communities.
Funding
$120M 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
Industrial facilities with high energy demands face challenges in reducing power costs, achieving decarbonization goals, and ensuring grid stability. Traditional virtual power purchase agreements (vPPAs) often involve off-site projects and may not fully address these concerns due to basis risk and limited impact on supply chain emissions.
Solution
Industrial Sun develops and operates on-site or near-site solar energy projects tailored for industrial clients, providing a comprehensive solution that reduces energy costs, supports decarbonization, and enhances grid stability. By locating solar projects within a few miles of the customer's facility, Industrial Sun minimizes transmission and distribution costs while delivering renewable energy directly to the point of consumption. This approach enables customers to reduce Scope 2 emissions, improve their environmental product declarations (EPDs), and save money on their power bills. Industrial Sun offers long-term power purchase agreements (PPAs) that require no upfront capital expenditure from the client, as well as development services and joint development agreements.
Target Audience
The primary target audience includes industrial facilities with high energy demands, such as chemical processing plants, manufacturing facilities, data centers, green hydrogen producers, and oil and gas facilities, particularly those operating in the ERCOT market.
Features
- On-site or near-site solar project development, minimizing transmission costs and basis risk
- Long-term power purchase agreements (PPAs) with no upfront capital expenditure
- Net-metered industrial solar solutions for direct energy consumption
- Reduction of Scope 2 emissions and improvement of environmental product declarations (EPDs)
- Augmentation of local grid stability with clean, on-peak power generation
- Project designs tailored to address location, timelines, emissions goals, and congestion challenges