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The Clean Energy Collective (CEC) was an American
clean energy Energy is sustainable if it "meets the needs of the present without compromising the ability of future generations to meet their own needs." Definitions of sustainable energy usually look at its effects on the environment, the economy, and s ...
company based in
Louisville Louisville is the most populous city in the Commonwealth of Kentucky, sixth-most populous city in the Southeast, and the 27th-most-populous city in the United States. By land area, it is the country's 24th-largest city; however, by populatio ...
,
Colorado Colorado is a U.S. state, state in the Western United States. It is one of the Mountain states, sharing the Four Corners region with Arizona, New Mexico, and Utah. It is also bordered by Wyoming to the north, Nebraska to the northeast, Kansas ...
, active from 2010 until its filing for bankruptcy in 2020.


History

The Clean Energy Collective was a company that focused on the development, operation, and maintenance of community-based clean energy facilities. As part of their services, the organization provided a software solution known as the Community Solar Platform (CSP) to its cooperative members. This software was designed to calculate energy production and monthly credits for participants, and it was complemented by a smartphone application.


Community Solar Plan

The CSP was a service that allowed users to purchase and use solar panels without physically attaching them to their property. Solar panel owners were paid in electricity credits for the value of the electricity generated.


Funding

In 2012, Sooper Credit Union of
Arvada, Colorado Arvada () is a home rule city located in Jefferson and Adams counties, Colorado, United States. The city population was 124,402 at the 2020 United States census, with 121,510 residing in Jefferson County and 2,892 in Adams County. Arvada is ...
, agreed to offer long-term loans to consumers and businesses that buy into CEC
community-owned Community-owned assets or organizations are those that are owned and controlled through some representative mechanisms that allow a community to influence their operation or use and to enjoy the benefits arising. Benefits of ownership in infrastru ...
solar gardens. Con Edison Clean Energy Businesses (Con Edison CEB), formed in 2016 and a wholly owned subsidiary of Consolidated Edison, Inc. (ConEd), "purchased a portfolio of Community Solar projects in development from Clean Energy Collective, LLC" in 2020.


Partnership

The Clean Energy Collective partnered with local utilities, including Holy Cross Energy, Poudre Valley Rural Electric Association (PVREA), and the Wright-Hennepin Cooperative Electric Association. In 2014, solar manufacturer
First Solar First Solar, Inc. is a publicly traded American manufacturer of solar panels, and provider of utility-scale PV power plants, supporting services that include finance, construction, maintenance and end-of-life panel recycling. First Solar uses ...
took a minority equity position in Clean Energy Collective. It announced a "strategic partnership to develop and market" community solar gardens for utilities.


Bankruptcy

In 2020, Clean Energy Collective filed for bankruptcy.


See also

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Community solar farm A community solar project, farm or garden is a solar power installation that accepts capital from and provides output credit and tax benefits to multiple customers, including individuals, businesses, nonprofits, and other investors. Participants ...
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American Solar Energy Society The American Solar Energy Society (ASES) is a non-profit 501(c)(3) organization advocating for renewable energy in the United States. Founded in 1954, ASES' goal is to speed the transition toward a sustainable energy economy and 100% renewable en ...
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List of photovoltaics companies This is a list of notable photovoltaics (PV) companies. Grid-connected solar photovoltaics (PV) is the fastest growing energy technology in the world, growing from a cumulative installed capacity of 7.7 GW in 2007, to 320 GW in 2016. In 2016 ...
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National Renewable Energy Laboratory The National Renewable Energy Laboratory (NREL) in the US specializes in the research and development of renewable energy, energy efficiency, energy systems integration, and sustainable transportation. NREL is a federally funded research and ...
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Renewable energy in the United States A renewable resource (also known as a flow resource) is a natural resource which will replenish to replace the portion depleted by usage and consumption, either through natural reproduction or other recurring processes in a finite amount of t ...
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Solar Energy Industries Association The Solar Energy Industries Association (SEIA), established in 1974, is the American national non-profit trade association of the solar-energy industry in the United States. In 2019, the group reported at least 1,000 member companies. SEIA i ...
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Venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...


References


External links

*{{official website, http://www.easycleanenergy.com American companies established in 2010 Energy companies established in 2010 Renewable resource companies established in 2010 Solar energy companies of the United States 2010 establishments in Colorado Companies based in Boulder County, Colorado Companies that filed for Chapter 11 bankruptcy in 2020