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About New Leaf Energy
Industries
Energy
Company Size
201-500
Company Stage
Acquired
Total Funding
N/A
Headquarters
Lowell, Massachusetts
Founded
2022
Overview
New Leaf Energy focuses on developing solar and energy storage projects to promote the use of renewable energy. Their projects involve collaboration with local authorities and utilities to ensure successful implementation that benefits all parties. The company serves system owners, who own the solar and storage systems, and offtakers, who purchase the energy produced. They also work with landowners to secure project sites. New Leaf Energy operates in various regions across the United States, including California and New England, and generates revenue through project sales and long-term energy purchase agreements. Unlike many competitors, New Leaf Energy emphasizes a strong company culture that values teamwork and employee satisfaction, while being led by a team with extensive experience in the renewable energy sector. The company's goal is to accelerate the adoption of clean energy solutions for a sustainable future.
Simplify's Take
What believers are saying
- Growing interest in community solar projects boosts New Leaf Energy's market potential.
- Adoption of lithium iron phosphate batteries enhances safety and sustainability in projects.
- Partnerships with FirstLight Power integrate renewable energy with existing infrastructure.
What critics are saying
- Increased competition from Standard Solar may impact New Leaf Energy's market share.
- Selling projects to other companies could lead to loss of strategic assets.
- Focus on battery storage projects exposes New Leaf Energy to market volatility risks.
What makes New Leaf Energy unique
- New Leaf Energy specializes in solar and energy storage projects across the U.S.
- The company partners with local authorities to develop community-focused renewable projects.
- New Leaf Energy's leadership team has decades of experience from Borrego Development.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Hybrid Work Options
Parental Leave
Professional Development Budget
Company News
ROCKVILLE, Md.--(BUSINESS WIRE)--Standard Solar, a leading commercial and community solar developer and asset owner, today announced the acquisition of an 84-megawatt community solar portfolio in Illinois. The combined capacity of these 14 projects will significantly contribute to Illinois' renewable energy generation goals of 100% clean energy by 2050, reducing greenhouse gas emissions and advancing a more sustainable energy landscape. The portfolio consists of three sets of community solar gardens in Illinois: six sites with a capacity of approximately 47 MW, four sites totaling 12 MW, and four sites representing 25 MW. Construction is scheduled to commence in 2024, and most of the projects are projected to be finished by the year's end, with the remaining ones anticipated to be completed in 2025. Standard Solar purchased the milestone portfolio from developer New Leaf Energy. The partnership between the two companies is a testament to their dedication to expanding clean energy access to communities throughout Illinois
New Leaf Energy announces 64MW portfolio of battery storage projects in Texas, featuring 7 standalone batteries and lithium iron phosphate batteries.
New Leaf Energy unveils 64-MW battery project portfolio in Texas.
Standard Solar has acquired a planned 21 MW of solar projects in New York and Massachusetts from New Leaf Energy.
Friday, 03 February 2023The project will be part of the Solar Massachusetts Renewable Target (SMART) Programme – a long-term solar incentive programme to promote cost-effective solar development across the state – and qualifies for Massachusetts’ Low Income Community Shared Solar programme, providing electricity bill credits to low-income subscribers as well as local businesses.Offtake for the project will be made up of 50 percent low-to-moderate income (LMI) customers that will receive a monthly savings on their electricity bill, with the remainder going to a corporate offtakers in the Dartmouth area.“This project represents the continued growth and success of our work in this region” said Ryan Lloyd, DSD’s Director of Acquisition. “We’re proud to deliver yet another project backed by Massachusetts’ solar programmes that will deliver a positive impact to the local community.”The site will include a solar array and a ground-mount energy storage system totaling 5 MWh, and marks the seventh project DSD and New Leaf Energy (formerly Borrego) have partnered on in the last 12 months.New Leaf Energy is a newly independent solar development company, resulting from the spin out of Borrego – previously a leading developer, EPC, and O&M provider for large-scale solar and energy storage projects – after the sale of its development business last year.DSD will own and operate the project long-term, while Arcadia Power is handling LMI customer acquisition and management, as well as managing the anchor customer subscription.For additional information:DSD Renewables (DSD)New Leaf Energy
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About New Leaf Energy
Industries
Energy
Company Size
201-500
Company Stage
Acquired
Total Funding
N/A
Headquarters
Lowell, Massachusetts
Founded
2022
New Leaf Energy is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today