SOLRITE Energy Disrupts the PPA Industry with First-of-Its-Kind Virtual Power Plant Power Purchase Agreement
SAN MARCOS, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- SOLRITE Energy , a PPA provider with an emphasis on solar plus storage solutions, has partnered with sonnen , a global market leader in smart energy storage and VPP technology, to launch the SOLRITE Virtual Power Plant Power Purchase Agreement (VPA).
- SAN MARCOS, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- SOLRITE Energy , a PPA provider with an emphasis on solar plus storage solutions, has partnered with sonnen , a global market leader in smart energy storage and VPP technology, to launch the SOLRITE Virtual Power Plant Power Purchase Agreement (VPA).
- The SOLRITE VPA represents the industry’s first PPA offering that leverages grid services provided by the sonnenConnect VPP Program.
- Through this unique VPA, SOLRITE aims to introduce solar + storage to more customer segments, including homeowners who have previously been unable to qualify for financing.
- In markets where grid services and VPP programs are not yet available, SOLRITE will continue to offer competitive PPA financing options for eligible customers.