Spruce Ability Expands Enterprise Design to Present Electrical power Storage, EV Chargers to its 80,000 Prospects

HOUSTON, Feb. 4, 2021 /PRNewswire/ — Spruce Energy, a Electrical power-as-a-Service™ company with roots in…

HOUSTON, Feb. 4, 2021 /PRNewswire/ — Spruce Energy, a Electrical power-as-a-Service™ company with roots in each vitality performance and residential photo voltaic power, announced it now delivers built-in smart vitality programs, enabling clients to improve and safe their present solar-powered homes by incorporating battery storage and good electric powered automobile (EV) chargers. As the premier personal operator and operator of distributed era residential solar property in the U.S., Spruce Power currently serves 80,000 home owners with leased photo voltaic vitality devices or power effectiveness upgrades, controlling billing and delivering functions and routine maintenance (O&M) companies. 

A single of the initially household power corporations to offer you clients the ability to increase house batteries as a retrofit to current photo voltaic photovoltaic (PV) programs, the enterprise formerly acknowledged as Spruce Finance has also unveiled its new business name, Spruce Ability. The name transform displays its broader dedication to aiding home owners securely source, retail outlet and control their home’s power, when providing investors with obtain to the expanding residential renewable power asset class.

“Spruce Electrical power is extending our business enterprise model and product offerings to produce detailed vitality solutions to our big consumer base,” stated Christian Fong, CEO of Spruce Electricity. “The upcoming of ability is dispersed, thoroughly clean and clever. As early adopters of solar, our shopper foundation is eager to add complementary systems that make their houses more resilient and equipped for an electrified long run.”

As part of this changeover, Spruce Electricity has introduced a new web-site at www.sprucepower.com. The current web site not only connects users to the company’s servicing arm, Energy Services Specialists (ESE), but also generates a new channel for owners to access future-generation merchandise choices. As a leader in property energy programs, Spruce is constantly analyzing partnerships to bring innovative dispersed electrical power source technologies to current market.&#13

“We are uniquely positioned to aid homeowners who want to increase their clean up strength impact with residence electricity management units,” explained Fong. “Spruce manages a network of more than 100 maintenance and installation associates in 16 of the leading states where by rooftop solar methods have been deployed. This infrastructure delivers our buyers with regional support companies ranging from performance assessment to solar maintenance, and battery sizing to again-up electrical power installation.”

The growth of Spruce’s small business design aligns with the demands of the changing residential renewable electricity industry. Spruce pivoted from loan origination to asset ownership and established ESE for asset administration and routine maintenance in 2017 following restructuring and getting an expense from HPS Expense Partners. This announcement follows a sequence of significant portfolio acquisitions and funds raisings, with Spruce most recently getting two portfolios totaling far more than 10,000 solar PV methods.

About Spruce Ability
Spruce Electric power is the greatest private owner and operator of distributed generation residential photo voltaic assets in North The united states. Through our subsidiary, Vitality Support Industry experts, we offer a thorough, close-to-close servicing answer for our prospects with much more than 80,000 PV techniques and upwards of 330 MW of put in capability. Headquartered in Houston with executive offices in San Francisco and Boulder, Spruce manages or is actively buying working household and commercial and industrial photo voltaic property and power buy agreements in North The us. For additional information, go to www.sprucepower.com.

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