Developer and independent power producer (IPP) Catalyze is now deploying an origination-to-operations software platform to help accelerate and scale the nationwide adoption of C&I solar and storage. REenergyze streamlines the major processes of commercial solar and storage project origination, development, construction management, operations, and asset optimization. The goal is to identify, evaluate and manage projects throughout their lifecycle, allowing the company to achieve efficiencies often observed in the utility-scale solar sector.
“Historically, scaling in the C&I renewables sector has presented unique challenges for developers and IPPs due to market fragmentation, high transaction and construction costs for smaller projects, ever-changing policies, and the need for boots-on-the-ground project development knowledge and expertise,” said Catalyze Chief Executive Officer Steve Luker, whose company is backed by leading energy investors EnCap Investments L.P. and Yorktown Partners LLC.
Catalyze has acquired over 37 MW of large DG solar + storage projects across multiple regions. Building upon this success, Catalyze is now implementing a market roll-up strategy, which leverages the committed capital, their expertise with storage and delivering complex solutions, and the integration capability of REenergyze to efficiently acquire companies who add value to the Catalyze enterprise. Leading the acquisition effort for Catalyze is former Quinbrook Infrastructure Partners Vice President, Kenton Harder.
“With their experience in delivering solar + storage solutions, their technology platform, and substantial financial backing, the Catalyze team has all the elements required to become the leader in what is currently a highly-fragmented market that is ripe for roll-ups and consolidation,” said EnCap Energy Transition Managing Partner Jim Hughes.
— Solar Builder magazine