Multi-state utility Xcel Energy contracted Pivot Energy to develop a 41-MW community solar portfolio that will serve households beneath a certain income threshold.
By offering affordable community solar subscriptions to income-qualified households, Pivot Energy will be able to service groups that have historically been left out of the clean energy transition and that face many of the most adverse climate impacts.
“We are pleased to be working with Pivot Energy on this community solar portfolio,” said Emmett Romine, VP of customer solutions and innovation for Xcel Energy. “Subscribing to these community solar gardens will bring energy-bill savings to our income-qualified customers and help them be part of the clean-energy transformation.”
The development of an income-qualified portfolio of this size is possible in Colorado because of the state’s renewable energy regulatory landscape, which is designed to address energy equity issues while fulfilling the public demand for a transition to clean, emissions-free energy production.
“I am proud to see Pivot Energy, a Colorado-based company, leading efforts to expand renewable energy access for low-income households,” said former Gov. Bill Ritter. “The clean energy transition will only be successful if it can provide clean, reliable energy for all of us, regardless of income, and developing a 100% income-qualified solar portfolio on this scale will support countless Coloradans.”
Pivot partners with community organizations in allocating subscriptions to those most in need and manages them through the SunCentral platform, its proprietary cloud-based software.
“Pivot Energy is thrilled to deploy this portfolio, which will deliver profound benefits — both environmental and economic — to thousands of income-qualified households,” said Tom Hunt, CEO of Pivot Energy. “As the renewable energy industry strives to advance both energy equity and the clean energy transition, I hope to see other states and utilities emulate the leadership and constructive collaboration of Xcel Energy and the state of Colorado to facilitate more equitable access to clean energy.”
News item from Pivot Energy
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