November 26, 2022

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Spruce Electrical power Expands Business enterprise Design to Offer you Electrical power Storage, EV Chargers to its 80,000 Prospects

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HOUSTON, Feb. 4, 2021 /PRNewswire/ — Spruce Ability, a Electricity-as-a-Service™ organization with roots in the two energy efficiency and household photo voltaic electrical power, announced it now presents integrated intelligent electrical power techniques, enabling prospects to optimize and safe their current solar-driven households by incorporating battery storage and sensible electric motor vehicle (EV) chargers. As the premier private owner and operator of distributed generation residential photo voltaic property in the U.S., Spruce Energy presently serves 80,000 homeowners with leased solar vitality programs or electrical power performance upgrades, controlling billing and delivering operations and upkeep (O&M) services.

One of the initial residential electricity organizations to present shoppers the potential to include property batteries as a retrofit to existing solar photovoltaic (PV) units, the enterprise previously regarded as Spruce Finance has also unveiled its new company identify, Spruce Electric power. The identify modify demonstrates its broader determination to aiding property owners securely supply, retailer and control their home’s energy, when supplying traders with obtain to the increasing household renewable power asset course.

“Spruce Electric power is extending our business design and product or service choices to supply comprehensive power alternatives to our big buyer base,” claimed Christian Fong, CEO of Spruce Electric power. “The upcoming of energy is dispersed, clear and clever. As early adopters of photo voltaic, our client base is eager to include complementary systems that make their households additional resilient and geared up for an electrified upcoming.”

As part of this transition, Spruce Power has released a new website at www.sprucepower.com. The updated site not only connects buyers to the company’s servicing arm, Electrical power Company Industry experts (ESE), but also generates a new channel for homeowners to obtain future-technology solution offerings. As a leader in household electrical power methods, Spruce is continually assessing partnerships to provide innovative dispersed electricity resource technologies to sector.

“We are uniquely positioned to assistance owners who want to maximize their cleanse electrical power effects with household power administration devices,” reported Fong. “Spruce manages a network of extra than 100 routine maintenance and set up associates in 16 of the top states in which rooftop photo voltaic methods have been deployed. This infrastructure presents our buyers with local aid services ranging from performance analysis to solar routine maintenance, and battery sizing to back again-up power installation.”

The expansion of Spruce’s small business model aligns with the needs of the switching residential renewable energy marketplace. Spruce pivoted from financial loan origination to asset ownership and designed ESE for asset management and servicing in 2017 right after restructuring and receiving an investment from HPS Investment decision Associates. This announcement follows a series of substantial portfolio acquisitions and cash raisings, with Spruce most recently getting two portfolios totaling a lot more than 10,000 photo voltaic PV systems.

About Spruce Electrical power
Spruce Ability is the major private proprietor and operator of distributed era residential solar assets in North The usa. By our subsidiary, Energy Support Gurus, we present a extensive, end-to-finish servicing resolution for our clients with more than 80,000 PV units and upwards of 330 MW of mounted ability. Headquartered in Houston with executive places of work in San Francisco and Boulder, Spruce manages or is actively getting working household and industrial and industrial photo voltaic assets and electricity order agreements in North The us. For more facts, take a look at www.sprucepower.com.

View first articles to obtain multimedia: http://www.prnewswire.com/information-releases/spruce-electricity-expands-company-product-to-provide-energy-storage-ev-chargers-to-its-80-000-customers-301222269.html

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