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Brightcore Energy and Luminace Partner on NJ Community Solar Portfolio
Slice of Energy Team
November 25, 2024
Key Highlights:
Brightcore Energy and Luminace collaborate on an 8-rooftop community solar project in New Jersey.
The 6.6 MW DC portfolio will generate nearly 8 MWh of clean electricity annually.
Over 600 low-to-moderate income households will receive utility bill savings through the project.
Source: Business Wire
Notable Quotes:
"We are thrilled to collaborate with Luminace to bring this project portfolio online. Beyond increasing the availability of clean, renewable energy, community solar offers the additional advantage of making this energy source accessible to commercial and residential customers who might not otherwise be able to utilize clean energy due to the suitability of their home or facility for solar installations."
"Serving our mutual C&I and community solar customers with solutions that are catered to meet their decarbonization goals is a key priority for Luminace. These latest New Jersey projects highlight the current market opportunity available for C&I landlords looking to enable sustainable economic value from their real estate assets."
Our Take:
This partnership between Brightcore Energy and Luminace underscores a critical shift toward accessible renewable energy solutions, particularly for underserved populations. The community solar model not only democratizes access to clean energy but also drives tangible financial savings for low-to-moderate income households. The project's scale and impact illustrate the potential of leveraging commercial real estate for broader environmental and social benefits, positioning both companies as leaders in sustainable energy innovation.