Developing a Community Solar (CS) project can reap high rewards. But before going live, the array needs to be filled with subscribers. For developers and independent power producers (IPPs), finding the right partners to acquire and manage subscribers and their data is risky. The application of a one-size-fits-all package by traditional service providers stifles efficiency and profits.
Gridwealth Corporation, an energy management firm, positioned between Commercial and Industrial customers on one hand and renewable energy project owners on another, understands that each project has specific requirements. Gridwealth’s custom, risk-averse approach to CS management is born out of their experience as a holistic energy company that offers solutions for commercial real estate owners and distributed energy resource developers. As a comprehensive provider of energy solutions, Gridwealth offers unparalleled CS services to a wide array of solar asset owners who value data transparency, high-quality subscribers, and predictable revenue streams.
Attrition & Default Risk Mitigation
Here’s where Gridwealth is different. Gridwealth focuses on high-quality commercial and industrial customers, providing IPPs with responsible and predictable clients. Even so, things (like pandemics) can happen and even the most solid subscriber may move or face an unexpected default. But Gridwealth is prepared for that too. As a retail supplier, with EDI connections to the Utilities, Gridwealth brings unparalleled electricity usage transparency capabilities to the market. Gridwealth views customer consumption directly through the utility each month, compares to previous months, identifies changes in consumption patterns, and reacts to changes as they happen.
Being much more than a Community Solar service provider, Gridwealth is host to a constantly expanding network of qualified customers eager to cash in on energy savings. Replacing customers takes Gridwealth a fraction of what might take traditional service providers months with their stop-and-go customer acquisition process. Furthermore, Gridwealth manages customer allocations flexibly. In the event of an unexpected default or attrition, the remaining subscribers’ allocations increase until customers are re-acquired, effectively maintaining a line of defense against rare, unexpected loss.
Customer Acquisition & Data Access
Gridwealth is a full-service customer acquisition service provider with first-hand development experience and an understanding that project owners have varying preferences when it comes to anchor customer and/or service providers for customer acquisition. Gridwealth adapts to meet their client’s preferences — without a hefty fee. If an IPP wants to bring their own anchors or wants investment-grade credit scores, Gridwealth accommodates. Gridwealth validates customer data and manages allocations with the utility, organizes the customer contract, disclosure form, and allocation form, and manages ongoing customers and revenue to maximize returns for the project owner. Between their EDI connections and impressive platform, Gridwealth’s data reports are incredibly insightful.
Data is essential to informed decision-making, but sifting through reports can be time-consuming. Gridwealth presents its monthly data report in a format that is usable and adaptable. With a robust set of APIs, integration to Quickbooks, salesforce, or other platforms is made simple and effective.
Gridwealth combines industry expertise and innovative solutions to bring impactful results to their clients while saving them time to focus on their own niche. Stay tuned for a deep dive into each of Gridwealth’s offerings. For more information until then, contact Gridwealth.