Project Finance Will Boost Uptake Of Commercial Solar And Storage Projects

Open Energy Group is a financial provider for new projects involving rooftop solar and storage in the US.  CEO of Open Energy Group, Graham Smith, believes that while utility scale and residential rooftop markets have been well funded by project financial providers, the U.S commercial rooftop market still remains untapped. Smith also believes providing financial support to commercial rooftop developers will see the increase in uptake of commercial rooftop solar.

To date, Open Energy has funded $2 million into commercial and small utility rooftop PV projects. A target is set to increase this to $5 million in the following weeks, as well as a goal of $20-$30 million by the end of 2015.

Recently, Open Energy has also widened their range of partners, from initially limiting their off-take agreements to primary utilities, they are now considering offtakers such as schools, universities, municipal and governmental bodies- as being potential investors that express interest in solar energy and storage. Smith highlighted the importance of reducing costs of equipment to allow a more widespread access to solar.

Open Energy Group will be launching a new borrower platform soon, and are looking at providing project finance for solar and storage arrays for public buildings.

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.


Large-scale Energy Storage Systems: Scaling With Safety And Success

Utilities have a real opportunity to realise significant cost savings and benefits by scaling up their energy storage installations. Large-scale storage solutions can greatly boost grid resilience, aid the balancing of supply and demand, and solve common challenges like renewable intermittency as well as operators curtailing supply. This is partly why approximately $5.4bn of new…

Read More

Battery Storage for Commercial & Industry

Powerful battery storage offers many advantages in terms of saving electricity costs and a reliable power supply. With this technology, companies retain control of their energy supply and costs. The battery storage system is charged when energy is cheaply available and it supplies the stored electricity when prices are at their highest. With applications such…

Read More

The UK National Energy Grid – A Story of Islands, Trading, and Energy Storage

As first seen in Energy Global, grid software acts as a modern-day map, helping to chart and navigate today’s energy grids; software engineers are tasked with carefully delineating how each region’s energy markets operate. However, looking more closely at energy markets makes clear how unique each market is – each defined by different topography, resources,…

Read More


“Probably the most interactive and well organized storage event on the calendar.”


Sales Director, S&C

“Well-designed, organized, friendly staff– and various international contacts we hope to do business with soon.”


Marketing Manager, Gildemeister

“High scientific content, well targeted, perfect organization.”


Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”


Manager, ATL

View More