Standard Solar

Standard Solar is a leading provider of solar energy solutions, specializing in the development, funding, and operation of commercial and community solar projects throughout the United States. Founded in 2004 and headquartered in Rockville, US, Standard Solar focuses on solar energy project development. The company has undergone strategic developments but remains privately held without known subsidiaries. Standard Solar has successfully closed three deals, with the most recent being a Series B round of funding amounting to USD 8.

50 mn from Truecast Capital on March 7, 2017. The total amount raised by the firm stands at USD 8. 50 mn. Standard Solar specializes in the development, funding, ownership, and operation of commercial and community solar projects across the United States.

The company provides solar photovoltaic (PV) systems tailored to the energy needs of businesses, institutions, farms, governments, communities, and utilities. Their integrated model combines development, in-house funding, engineering expertise, and operations and maintenance practices. Standard Solar's projects have been implemented in over 20 states, including Illinois, Colorado, Texas, and New Jersey, serving a diverse client base that includes educational institutions and government entities. Standard Solar's revenue model is primarily based on developing and operating solar energy projects.

The company engages in long-term asset ownership, generating revenue through power purchase agreements (PPAs) and leasing arrangements that minimize upfront costs for clients. Their portfolio exceeds 500 MW, reflecting a commitment to reliable energy solutions. The structured financing options enable clients to benefit from long-term savings and predictable energy costs, fostering sustainable energy practices across various sectors. Standard Solar plans to leverage recent funding from the Series B round to enhance its solar project offerings and expand into new geographic markets.

The company is also focused on developing additional solar products to cater to evolving energy needs, though specific launch dates have not been disclosed. The acquisition by Gaz Métro in March 2017 positions Standard Solar for potential strategic initiatives and market expansion.