Joshua Rogol
Strata Clean Energy, a nationwide supplier of utility-scale clear energy tasks, has acquired Crossover Energy Partners, a clear energy options firm skilled in growing end-to-end energy transition merchandise for utilities and huge energy customers. This acquisition expands Strata’s choices and execution capabilities by incorporating Crossover’s buyer origination and power offtake competencies and different proficiencies that ship on renewable energy initiatives, decarbonization methods, and the event of recent applied sciences like inexperienced hydrogen.
“Strata’s acquisition of Crossover bolsters our ability to bring high-value energy solutions to our clients across several market segments and geographies,” says Joshua Rogol, chief improvement officer for Strata. “The Crossover team has a well-defined track record of innovative product development and financing of differentiated power offtake structures. The combination of our platforms will be valuable to Strata as we grow our development pipeline to over 15 GW this year.”
The acquisition will improve Strata’s development, leveraging key Crossover relationships with quite a few purchasers equivalent to municipalities, co-ops, neighborhood alternative aggregators (CCAs), investor-owned utilities (IOUs) and huge industrial entities.
“Crossover’s track record illustrates the importance of product design and offtake origination to maximize value for renewable projects,” provides Tiago Sabino Dias, CEO of Crossover. “Combining our team with the expert development capabilities at Strata will be a win-win and an evolution that our entire team is looking forward to.”
While specifics of the deal stay confidential, Strata is buying 100% of Crossover’s belongings and curiosity in its improvement platform. Sabino Dias and President Michael Grunow will tackle senior roles inside Strata, and all Crossover workers will merge with the Strata platform.
