The partnership aims to bridge the gap for underserved communities, enabling them to access the forthcoming era of clean solar energy.
Arcadia operates as a technological entity devoted to addressing the climate crisis through the facilitation of data and access to clean energy resources. This encompasses the linkage of over 200,000 residences to community solar farms, streamlining the process for more individuals to join these initiatives using just their zip code and electric utility information.
“Lightstar’s greenfield portfolio sits at over 1GW across 12 states and is growing month by month with our second portfolio in construction and a further 150MW of projects hitting the construction phase across 2024. It is important to have a partnership with Arcadia to support Lightstar’s mission to provide more renewable, clean energy to local communities, and help transition the grid to more equitable sources of energy,” said Paul Wheeler, Founder and CEO of Lightstar. “Community solar increases access to the benefits of solar energy generation, enabling everyone to enjoy the benefits of clean energy, and we’re excited to partner with Arcadia to accelerate the growth of community solar across the US”
Arcadia’s technology will help light a path for everyday consumers and small businesses to connect with Lightstar’s innovative community solar developments and build the next generation of energy. The collaboration will bolster Lightstar’s methodology for solar projects, ensuring a wider range of landowners, farmers, and local communities benefit, thereby expanding the outreach of community solar. This partnership is a vital component of Lightstar’s overarching strategy to swiftly and securely provide communities with fair and dependable solar energy access, all while supporting the complete project lifecycle and ensuring sustained success.
“As the largest subscription provider in the community solar market, Arcadia’s expansive customer base and management services will provide Lightstar with access to unparallelled national reach, in addition to enhanced customer service and engagement,” said Kiran Bhatraju, CEO & Co-Founder of Arcadia. “We’re excited to partner with Lightstar to empower more people and businesses to join our mission to fight the climate crisis and work toward achieving a zero-carbon future.”
“Our work has been centred around creating solutions for communities, residents, and businesses to access renewable electricity, especially for those who cannot access rooftop solar,” said Corey Stein, Lightstar’s Chief Financial Officer. “The community solar model allows us to build a solar project, and deliver the benefits of cost savings and renewable electricity to nearby residents, who virtually subscribe to use the electricity produced by the project. Arcadia will act as a key piece of this puzzle, to help us identify and serve low to moderate income renters, residents in multi-unit buildings, and businesses that don’t own their roofs – or anyone who wants to participate in the renewable energy transition by subscribing to a community solar project. We are excited to work with Arcadia in delivering electricity to participants who can see both cost savings and an advance in renewable energy in their community.”