Catalyze, a developer and independent power producer (IPP) of renewable distributed generation (DG) and storage projects for the commercial and industrial (C&I) markets with a 300-MW project pipeline in development, announced the launch of its proprietary origination-to-operations software integration platform REenergyze to help accelerate and scale the nationwide adoption of C&I solar and storage.
“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 CEO Steve Luker, whose company is backed by energy investors EnCap Investments L.P. and Yorktown Partners. “As a company founded on the belief that technology has the power to enable efficient and substantial growth, we know that automating and standardizing the origination-to-operations process is key to repeatability and scaling in the C&I sector.”
REenergyze streamlines the major processes of commercial solar and storage project origination, development, construction management, operations and asset optimization to address challenges across different renewable energy technologies, geographies, power markets and programs. The platform is currently being deployed by Catalyze and their co-development partners, to identify, evaluate and manage projects throughout their lifecycle, allowing the company to achieve efficiencies often observed in the utility-scale solar sector.
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.
“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.
News item from Catalyze