Satori Energy, a full-service energy consulting provider and wholly-owned subsidiary of Priority Power Management, LLC (“Priority Power”), has pledged its support to the U.S. Department of Energy’s National Community Solar Partnership (NCSP) in advance of the NCSP annual summit. Priority Power is backed by funds managed by Ara Partners Group (“Ara Partners”), a Houston-based private equity firm specializing in industrial decarbonization investments, and funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a leader among global investment managers specializing in alternative investments.
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As part of its pledge, Satori Energy has committed, in conjunction with its subsidiary and affiliate companies, to fulfill a cumulative 50 MW of community solar subscriptions by the end of 2025. This is equivalent to avoiding approximately 57,000 Metric Tons of Carbon Dioxide Equivalent, or approximately 12,400 passenger vehicles driven for one year, based on average solar capacity factors and EPA guidelines. Satori Energy will leverage its strong community and client relationships, developed over almost 20 years, to achieve this goal. Additionally, the Satori team is committed to dedicating significant resources to increase awareness, education, and ultimately, adoption.
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Satori Energy President David C. Wiers commented, “It is an honor to support the NCSP and its important work. We believe that increasing awareness and adoption of community solar will help the environment, increase equity, and reduce utility costs. We have been highly involved with community solar for several years and we are excited to double down on these efforts over the years to come.”
Satori Energy and affiliate companies have a longstanding commitment to assist in decarbonization efforts in the United States, helping to reduce dependence on resources that emit greenhouse gases and carbon emissions.
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