The startup provides a Build-Own-Operate service model that enables commercial and industrial property owners to convert their rooftops into solar energy production sites. By managing the installation, operation, and billing of solar panel systems, the company addresses the need for sustainable energy solutions while minimizing upfront costs for property owners.
Funding
Funding not disclosed
Founders
Product
Problem
Commercial and industrial property owners face high upfront capital expenditure and operational complexities when adopting renewable energy solutions like rooftop solar panel systems. Fluctuating energy costs and the need to meet sustainability goals add further challenges.
Solution
Solar Power Accelerator (SPA) offers a Build-Own-Operate (BOO) service model, enabling commercial and industrial clients to convert their rooftops into solar energy production sites without upfront investment. SPA handles the financing, development, installation, and operation of rooftop solar and battery storage systems. Through Power Purchase Agreements (PPAs), clients benefit from affordable, renewable energy at a fixed rate, shielding them from market price volatility. SPA acts as a Virtual Independent Power Producer (VIIP), reselling excess energy to the grid and providing a holistic solution that combines solar asset acquisition with long-term green energy offerings.
Target Audience
The primary target audience includes commercial and industrial property owners, large-scale logistics operators, and real estate owners seeking to reduce carbon emissions and stabilize energy costs.
Features
- Full-service BOO model: SPA finances, builds, owns, and operates rooftop solar and battery storage systems.
- Power Purchase Agreements (PPAs): Long-term contracts (15-40 years) provide price stability and predictable energy costs.
- Virtual Independent Power Producer (VIIP): SPA manages energy production, transport, and billing of excess electricity.
- On-site distributed energy solutions: Rooftop solar PV systems complemented by Battery Energy Storage Systems (BESS).
- Two billing models: "Pay as Consumed" (based on actual energy used) and "Pay as Produced" (based on total energy output).
- Guarantees of Origin: Certificates verify that electricity comes from renewable energy sources.
- Focus on behind-the-meter solutions to optimize energy consumption.