Clean Energy Collective
| Company type | Private |
|---|---|
| Industry | Clean energy, Solar energy |
| Founded | 2010 |
| Fate | Declared bankruptcy in 2020 |
| Headquarters | Louisville , United States |
Area served | United States |
| Products | Community Solar Platform (CSP) |
The Clean Energy Collective (CEC) was a U.S.-based company focused on clean energy, headquartered in Louisville, Colorado, operating from 2010 until it declared bankruptcy in 2020.
History
CEC concentrated on the creation, management, and upkeep of community-oriented clean energy installations. It developed the Community Solar Platform (CSP), a software tool designed to help cooperative members monitor energy output and monthly credit allocations, accessible via a mobile application.
Community Solar Plan
Through the CSP, participants could invest in solar panels remotely without onsite installation, receiving credits for the electricity produced by their share of the system.
Funding
In 2012, Sooper Credit Union, located in Arvada, Colorado, extended long-term financing options to both individuals and businesses investing in CEC’s community solar gardens.
By 2020, Con Edison Clean Energy Businesses (Con Edison CEB), a branch of Consolidated Edison, Inc., purchased a collection of community solar projects under development from Clean Energy Collective.
Partnership
Clean Energy Collective partnered with regional utilities including Holy Cross Energy, Poudre Valley Rural Electric Association (PVREA), and Wright-Hennepin Cooperative Electric Association to advance community solar initiatives.
In 2014, solar panel manufacturer First Solar acquired a minority stake in Clean Energy Collective, establishing a strategic alliance aimed at developing and promoting community solar gardens for utility companies.
Bankruptcy
In 2020, Clean Energy Collective initiated bankruptcy proceedings to enable the partial divestiture of its assets.
See also
- Community solar farm
- American Solar Energy Society
- List of photovoltaics companies
- National Renewable Energy Laboratory
- Renewable energy in the United States
- Solar Energy Industries Association
- Venture capital