Coast Energy

Coast Energy

Develops, owns, operates commercial solar storage

Overview

Coast Energy develops, owns, and operates solar and energy storage systems for commercial and industrial clients across the United States. Its main offering uses Power Purchase Agreements (PPAs), so clients can switch to solar with no upfront cost and pay a fixed price for the electricity generated. Coast Energy handles the entire process, from installation to ongoing maintenance, while clients benefit from lower energy bills. The company converts unused spaces such as rooftops and parking lots into energy assets, creating value for property owners by lowering costs and potentially increasing net operating income. Coast Energy differs from competitors by owning and operating the energy assets themselves, offering a full lifecycle service under PPAs, and focusing on asset optimization for commercial real estate on a national scale. The goal is to help clients reduce electricity expenses, boost property value, and create new revenue streams from renewable energy installations.

Significant Headcount Growth

About Coast Energy

Simplify's Rating
Why Coast Energy is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Energy

Real Estate

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

Manhattan Beach, California

Founded

2021

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Simplify's Take

What believers are saying

  • Crosstimbers Capital Group investment accelerates nationwide commercial solar PPAs.
  • Brownfield solar boosts surrounding property values by 5-15%.
  • PPA model delivers fixed electricity rates below utility prices.

What critics are saying

  • Brightbox Energy captures 25% more California warehouse share with leasing.
  • Suffolk County revokes 8.6 MW permits over groundwater lawsuits in 4-8 months.
  • Crosstimbers divests due to 15% IRR shortfalls, halting PPAs in 12-18 months.

What makes Coast Energy unique

  • Coast Energy develops custom solar and storage via PPAs for commercial real estate.
  • Coast Energy acquired 8.6 MW brownfield solar project near Brookhaven, N.Y.
  • Coast Energy converts rooftops and parking lots into revenue-generating assets.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Flexible Work Hours

Hybrid Work Options

Remote Work Options

Paid Vacation

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Wellness Program

Mental Health Support

Phone/Internet Stipend

Home Office Stipend

Professional Development Budget

Conference Attendance Budget

Stock Options

Company Equity

Parental Leave

Family Planning Benefits

Fertility Treatment Support

Adoption Assistance

Childcare Support

Elder Care Support

Wellness Program

Gym Membership

Commuter Benefits

Tuition Reimbursement

Professional Certification Support

Mentorship Program

Employee Discounts

Company Social Events

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

3%

2 year growth

23%
The Law Offices of John Caravella, P.C.
Dec 28th, 2023
Developer Takes over New York Landfill Solar Site - A PV Magazine Article

Coast Energy, a private equity-backed commercial and industrial (C&I) solar and storage developer, announced the acquisition of an 8.6 MW brownfield solar project located near Brookhaven, N.Y., in Suffolk County, N.Y., from i.on Renewables, a White Plains, N.Y. solar developer.

PR Newswire
Apr 28th, 2022
Coast Energy Receives Significant Growth Investment from Crosstimbers Capital Group to Accelerate Commercial Solar PPA's

/PRNewswire/ -- Coast Energy Holdings, LLC ("Coast Energy"), a nationwide commercial and industrial solar PPA provider, announced today that it has received a...

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