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.


When Global Green Economy Met Energy Storage

Our energy system is dynamically evolving. The realization of the urgency towards Net Zero, Green economies has been more pressing than ever. The energy transformation serving a more sustainable future, safeguarding our ecosystem and protecting our planet is of paramount importance for many developed and developing nations across the globe. In this analysis, we delve…

Read More

Energy Storage Systems: the role of an Integrator

Simplifying BESS deployments by mastering their associated risks With the introduction of Battery Energy Storage Systems ‘BESS’, a new role has been created on the value chain. It is the role of a BESS integrator. The role of an integrator can be misunderstood at times or blended with other roles at other times. This is…

Read More

Product Development: Embracing product safety and compliance

PRODUCT DEVELOPMENT: EMBRACING PRODUCT SAFETY AND COMPLIANCE Recent safety incidents on storage plants have raised concerns about the fire safety of battery storage systems. Such events are extremely rare compared to the cumulated global deployments of energy storage systems, which have reached more than 27 GWh by end of 2020 (Wood Mackenzie 2021). However, for…

Read More


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


Sales Director, S&C

“Great topics, competent speakers, good networking: keep it like that.”



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


Expert Technical & Governance, Elia

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


Manager, ATL

View More