2024 in Review: Advancing Clean Energy Solutions One Project at a Time

Looking back at 2024, Catalyze is proud to reflect on a year of significant progress. From 19 new projects to 132 MWs of renewable energy capacity deployed, our efforts have driven meaningful impact, preventing 97.8 tons of carbon emissions from entering the atmosphere. This expansion of community solar and commercial and industrial (C&I) solar+storage offerings demonstrates our commitment to helping businesses and homeowners participate in the energy transition, reducing their carbon footprint and utility costs.

C&I Leadership and Property Value Enhancement
Our leadership in the C&I sector was exemplified at 66 Galen, a LEED Gold-certified life science building in Watertown, Massachusetts. We deployed solar, storage, and EV charging solutions to build on the facility’s existing sustainability features, which included high-efficiency lighting and advanced water conservation systems. Aligning with Watertown’s Climate and Energy Plan, 66 Galen was recognized by the Solar Builder Awards, highlighting our expertise in delivering onsite renewable power to commercial properties.

These efforts not only demonstrate our technical expertise but also underscore the value of sustainable energy solutions in the C&I space. Through the integration of clean energy systems, property owners can enhance tenant satisfaction by offering reduced energy costs and access to ESG-aligned amenities. Additionally, projects like 66 Galen exemplify how renewable energy solutions support long-term goals for operational efficiency and environmental stewardship, aligning with broader community and regulatory goals.

Cost Savings and ESG Advancements through Partnerships
Through our partnership with Cushman & Wakefield, we are identifying C&I assets across the country where we can deploy renewable energy to reduce operational costs and support tenants’ ESG priorities. Together, we are helping property managers across the country unlock new revenue streams by monetizing unused rooftop and parking lot space for solar installations. These projects deliver measurable cost savings on utility bills, while positioning properties as leaders in sustainable amenities that resonate with tenants and investors alike.

Community Solar: Shared Benefits for Businesses and Households
2024 also saw continued momentum in community solar, particularly in New York. Early in the year, our Amherst Community Solar Farm, which serves over 1,300 low- and moderate-income households, was named Project of the Year in the Environmental Impact category by the Environment+Energy Leader Awards. In May, our expertise in this space was further validated by a $100 million financing agreement with NY Green Bank, a division of NYSERDA, to support a 79 MW portfolio of community distributed generation (CDG) solar projects across the state. This initiative ensures substantial benefits for disadvantaged communities and advances New York’s goals of achieving 6 GW of distributed solar by 2025 and 10 GW by 2030.

Our community solar projects deliver dual benefits:

• For businesses: A scalable way to demonstrate commitment to sustainability by supporting renewable energy initiatives that directly benefit local communities.
• For households: Significant utility cost reductions, particularly for low- and moderate-income families, while providing an opportunity to participate in the clean energy transition.

Maximizing Efficiency with Storage Solutions
We also expanded our New York footprint with the launch of our first standalone Battery Energy Storage System (BESS) project in New York City. With the addition of BESS in New York, we’re helping customers manage energy demand more efficiently, reduce reliance on peak grid power, and stabilize costs—all critical in markets with high energy variability.

Looking Ahead
As we enter 2025, we are deeply grateful for our partnerships and collaboration across the private and public sectors. In the new year, we look forward to entering new markets to meet the growing demand for renewable energy, and we cannot wait to share more about our plans in the coming months.

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