Valta Energy and Black Bear Energy Celebrate Completion of 1.7MW Solar Array in Los Angeles

Valta Energy and Black Bear Energy are proud to announce the completion of a 1.7 MW rooftop solar array on a warehouse property located in Torrance, CA and owned by Ares Management (“Ares”) Real Estate funds. The newly constructed, fully leased, best-in-class facility is located in the dynamic South Bay industrial market. The project, which is part of the Los Angeles Department of Water and Power (LADWP) Feed-in Tariff (FiT) program, will provide renewable electricity to the local utility grid. Launched in 2013, the FiT program incentivizes the deployment of solar through predetermined tariff rates for twenty years. The system, built by Valta Energy and facilitated by Black Bear Energy, will produce 2,963,023 kWh per year, equivalent to powering 202 homes yearly.¹

Black Bear Energy and Dimension Renewable Energy supports completion of New Jersey industrial roof solar installation that will power c.740 local homes

STAG Industrial Announces Completion of Three New Rooftop Community Solar Projects In New Jersey

BOSTON, Dec. 18, 2023 /PRNewswire/ — STAG Industrial, Inc. (NYSE:STAG) today announced the completion of three NJ community solar projects hosted on its rooftops. The 2.7 megawatts (MW) of installed capacity are part of New Jersey’s community solar program that provides low-cost renewable energy to local residents. The projects were built in the second year of the New Jersey Community Solar Pilot Program, and at least 50% of the offtake will go to low- and moderate-income residents who will receive a discount on their electricity. Developed by Dimension Energy and facilitated by Black Bear Energy, the systems will generate over 3.4 million kilowatt-hours of electricity annually – the equivalent of powering the electric use of nearly 500 homes.

Dynamic Energy and DSD Energize Connecticut’s First Community Solar Project on STAG Industrial Rooftop in Milford, CT

Summit Ridge Energy and Black Bear Energy Celebrate 17 MWs of Rooftop Community Solar Projects in Maryland

Summit Ridge Energy, the nation’s leading commercial solar and energy storage company, today held a ribbon-cutting ceremony in Rosedale, Maryland to celebrate the construction of six rooftop community solar projects across four industrial properties alongside LBA Logistics, a full-service real estate investment and management company, and Black Bear Energy, a commercial buyer’s representative specializing in onsite renewable energy and cleantech services. The initial project is scheduled to come online Q3 of this year, with the remaining five sites scheduled to commence in early to mid-2024.

DSD and Black Bear Energy break ground on 1.7 MW of solar projects with The Muller Company

Podcast - Major property investors taking money off the top

Victoria Stulgis, SVP of client operations at Black Bear Energy, joins the program to discuss her organization’s newly launched Solar Leaderboard Index, and the big organizations currently sitting atop movement toward rooftop solar to reduce costs or boost revenue. Think in terms of Prologis, Brookfield, AvalonBay and Blackstone. Stulgis explains. (05/2023)

Black Bear Energy Publishes Inaugural Real Estate Solar Leaderboards

DSD and Black Bear complete 1.4 MW solar installation at Pleasanton office park in CA

DSD and Black Bear complete 554 kW solar installation at Signature Center in Pleasanton, CA

Summit Ridge Energy and Black Bear Energy announce 17 MW of Solar Installations in MD

Black Bear and Legence - Accelerating the Energy Transition

Thousand Trails Wilderness Lakes Campground Goes Solar with Renewable Energy Initiative

DSD and Black Bear Energy Break Ground on 554 kW Solar Installation in Pleasanton, CA

SCHENECTADY, N.Y. (November 29, 2022) – DSD Renewables (DSD) and Black Bear Energy have broken ground on onsite rooftop solar systems, totaling 554 kW, at two Signature Center office buildings in Pleasanton, California. The buildings are owned by an account managed by Principal Real Estate, the dedicated real estate investment team within Principal Asset Management.

DSD and Black Bear Break Ground on 1.4 MW Solar Installation on Office Campus in Pleasanton, CA

SCHENECTADY, N.Y. (September 27, 2022) – DSD Renewables (DSD), a leading commercial solar developer, operator, and asset owner, has broken ground on two onsite solar canopies at an office park in California. The 957 kW and 429 kW installations, located at Pleasanton Corporate Commons, were facilitated by Black Bear Energy and will be installed behind the meter, offsetting much of the campus’ energy load. Pleasanton Corporate Commons is owned by an entity advised by UBS Asset Management.

Legence Acquires Black Bear Energy, Strengthening Capabilities for Rapid Decarbonization in Buildings

The addition of Black Bear Energy extends Legence’s leading position in renewable energy deployment across the built environment

Kilroy Realty Announces New Onsite Solar Projects In California

LOS ANGELES–(BUSINESS WIRE)– Kilroy Realty Corporation (NYSE: KRC, the “company”, “Kilroy”) announced today that it has completed three onsite solar installations at 2100 Kettner and 9455 Towne Centre Drive in San Diego and Kilroy Oyster Point – Phase 1 in South San Francisco. With these systems energized, Kilroy now hosts over six megawatts of solar spanning across 13 assets, demonstrating Kilroy’s continued commitment to scaling its renewable energy installations throughout its California portfolio.

UBS Solar Ribbon Cutting In White Plains NY

Congratulations to UBS, DSD Renewables and Wilder on the completion of a 1.4MW solar canopy in White Plains, NY!! The subscribers of this project will support local renewable energy and save money each month doing so.

The REITs Solar Opportunity

The achievable value of onsite #solar is now so large, that price targets of publicly traded REITs are being increased solely based on the opportunity alone. Last month Morgan Stanley published a collaborative report (link below) from their REIT, cleantech and utilities analyst teams. Their conclusion; The TAM for rooftop solar on commercial real estate is $490 billion and justifies increasing targets on many of the REITs they cover. On Tuesday, our CEO & Founder Drew Torbin joined Richard Hill and Stephen Byrd from Morgan Stanley to discuss their findings and the massive opportunity (link to webcast below). Hats off to the analyst team who compiled this study.

BentallGreenOak and Summit Ridge Energy announce construction of new 7.36 MW rooftop solar power project in Maryland

New York (May 10, 2022) — BentallGreenOak (BGO), on behalf of an institutional investor, today announced that construction has started on its largest solar project to date, financed by Summit Ridge Energy (SRE) and facilitated by Black Bear Energy. The new rooftop solar installation, combined with two previous MD community solar projects, total over 10 MW in size will be owned and operated by SRE and hosted at three of BGO’s industrial assets. Once operational, all three rooftop systems will participate in Maryland’s community solar program to provide clean, renewable power to local residents and businesses, and are expected to produce 13,627,417 kWh of electricity annually, enough to power approximately 1,163 homes.

Amid Soaring Demand for Warehouses, an Effort to Make Them Greener

Some owners are taking steps to make their buildings more energy efficient, including upgrading building materials and turning the rooftops into solar farms.

STAG Industrial Announces Completion Of Largest Rooftop Community Solar Project In The Country

Boston, MA – December 1, 2021 – STAG Industrial, Inc. (NYSE:STAG) today announced the completion of the nation’s largest rooftop community solar project hosted on its facility in Hampstead, MD. The 9.2 MW system is one of three hosted on STAG properties across the state and are part of Maryland’s community solar program that provides low-cost renewable energy to local homes and businesses. Co-developed by Summit Ridge Energy and Black Bear Energy, the systems have an aggregate capacity of 11.6 MW and will generate over 15 million kWh of electricity annually – the equivalent of powering nearly 1,500 homes. With the addition of these sites, STAG now hosts over 25.5 MW of solar nationally.

DSD & Black Bear Energy Announce 1.4 MW Solar Project in White Plains

SCHENECTADY, N.Y. — November 9, 2021 — DSD Renewables (DSD), a leading commercial solar developer, operator, and asset owner, has broken ground on a 1.4 MW community solar installation in White Plains, New York, facilitated by Black Bear Energy. The solar canopy will sit on top of a parking garage at The Source at White Plains, a first-class shopping center located in downtown White Plains, and will provide low-cost renewable energy to local homes and businesses. The Source is owned by an entity advised by UBS Realty Investors LLC.

BentallGreenOak and Summit Ridge Energy announce plan to develop new 2.7 MW rooftop solar power project in Maryland

Healthcare Realty Trust is Incorporating Renewable Energy Across the Portfolio to Maximize Long-Term Value

Engaging in partnerships to expand renewable energy capacity is one of Healthcare Realty Trust’s (Healthcare Realty) top sustainability initiatives—as utilities are one of its two largest operating expenses. The company anticipates renewables will continue to become a more prominent source of energy in the future and a desirable property feature for investors and tenants.

Kimco Realty Doubles Solar Installations as a Part of Expanding ESG Commitment

JERICHO, N.Y.–(BUSINESS WIRE)– Kimco Realty Corp. (NYSE:KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, today announced that it has initiated five new solar projects. Four of the projects are installed at Kimco properties in the New York metropolitan region, including the company’s new headquarters in Jericho, Long Island as well as Greenridge Plaza, Forest Avenue Shopping Center, and Richmond Shopping Center, all on Staten Island. The fifth is in Massachusetts at Festival at Hyannis Shopping Center. The projects will result in 3.7 MW of solar generating an estimated 4.64 million kWh annually, which is enough to power more than 600 homes per year.

AEW Works with Black Bear, Summit Ridge on Maryland Community Solar Installation

BOSTON–(BUSINESS WIRE)–AEW (the “Company” or “AEW”), a global real estate investment manager focused on creating value by investing in and operating commercial properties, today announced completion of a rooftop solar array expected to deliver over 2.6 million kWh of electricity annually to the community. The solar installation will be hosted at an AEW-managed industrial facility and will supply clean energy to the local electric utility, Baltimore Gas & Electric Company, through the Maryland Community Solar program.

STAG Industrial Announces Largest Rooftop Community Solar Project In The Country

STAG Industrial, Inc. (NYSE:STAG) today announced the groundbreaking of their first onsite solar installations in Maryland, which are owned and developed by Summit Ridge Energy (“SRE”). The three projects are part of Maryland’s community solar program and will provide low-cost renewable energy to local homes and businesses. Co-developed by Black Bear Energy and SRE, the systems have an aggregate capacity of 11.6 MW and will generate over 15 million kWh of electricity annually – the equivalent of powering nearly 1,500 homes. The installations include a 9.2 MW system on STAG’s Hampstead facility, which when completed will be the country’s largest rooftop community solar project. With the addition of these sites, STAG now hosts over 25.5 MW of solar nationally.

STAG Industrial Announces New Solar Systems in Illinois and Massachusetts

ULI Fall Event Innovation Fireside Chat Featuring Back Bear's Victoria Stulgis

California CRE Ramps Up Alternatives To State's Unreliable Grid

As power blackouts become an increasingly apparent normal to Californians, the state’s commercial real estate industry is hastening its adoption of alternative energy sources.

Duke Realty to Become New Jersey’s Largest Community Solar Host

STAG Industrial Announces Its First Bay State Solar Systems

Together, Facility and Property Managers Can Make Great Things Happen

As ubiquitous as solar panels are these days, many people still harbor a lot of misconceptions. So, we asked Drew Torbin to explode some myths:

Making Sense of Your Industrial Solar Lease

In the age of clean energy, property developments are evolving to accommodate eco-friendly trends. This push towards sustainability has prompted industrial property owners to implement green technology that not only bolsters their properties, but also allows them to maximize the profitability of their assets. As with any new technology, rooftop solar leases possess nuances that set them apart from typical commercial leases. There are a few facets of solar leasing that owners should know about and fully understand…

Five key considerations of industrial solar leasing

Industrial property owners are increasingly turning to rooftop solar facilities to add value to their portfolios and maximize the profitability of their assets, as well as to increase renewable energy sources for the greater good. While the general principles of commercial leasing apply to rooftop solar leases, there are a few issues that are unique to solar rooftop leasing. Here is a list of some common concerns that industrial property owners should be aware of:

Big-Box Retail and Shopping Mall Solar: From the Possible to the Probable to the Inevitable

Asked about market growth and why every big-box retailer and mall rooftops and parking lots aren’t covered with solar-plus-storage and converted into distributed, grid-connected, emissions-free power plants, Drew Torbin, co-founder and CEO of U.S.-based Black Bear Energy had this to say: “The scale is ramping up.”

STAG INDUSTRIAL ANNOUNCES GROUNDBREAKING OF ITS FIRST TWO ROOFTOP SOLAR SYSTEMS IN MINNESOTA

Iron Mountain Announces the Largest Rooftop Solar Installation of Any Data Center in the US

New 7.2MW solar installation will generate 15 percent of the Edison, New Jersey data center’s current electricity load

From Kaiser To Vail Ski Resorts, Companies Doubled Their Wind And Solar In 2018

“Corporate investments in renewable energy used to be symbolic. A few solar panels here, a small wind farm investment there. But in 2018 some companies became voracious green energy consumers.”

Enabling commercial industrial clean energy: An interview with Drew Torbin of Black Bear Energy

Renewable Energy Magazine – 12 June 2018

Boosting Distributed Solar, Distributed Clean Energy Investment among Institutional Real Estate Investors

Densely packed commercial, residential and mixed-use buildings and real estate predominate and define cities the world over. With comparatively little in the way of open space, and what is available typically commanding premium prices, reducing cities’ energy consumption and pollution by deploying distributed, solar and other distributed, clean energy resources poses a vexing challenge for those aiming to improve urban quality of life while keeping the lights on and the energy flowing. Ambitious, innovative young companies such as Black Bear Energy are proving those challenges aren’t insurmountable…

GID and Black Bear Announce Massachusetts Solar Projects

Boulder, CO., May 17, 2018 — Multifamily real estate investment firm, GID Investment Advisers and Black Bear Energy, the leading owner’s representative for onsite renewables, today announced the groundbreaking of two commercial solar systems. The projects, which are GID’s first solar leases, will provide energy to the Cities of Somerville and Cambridge while also providing low-cost energy to low-income residents and roof rental income to GID.

Black Bear Energy and USAA Real Estate Announce 2.4 Megawatt New Jersey Solar Project

Boulder, CO., May 17, 2018 — Black Bear Energy, the leading owner’s representative for onsite renewables, and USAA Real Estate today announced that construction will start this month on a 2.4 megawatt (MW) solar array in Cranbury, New Jersey. The rooftop project will host onsite renewable solar facilities, creating both financial and environmental value for the asset…

LBA Realty's Battery Storage and LED Projects expected to deliver $1.9 million in Energy Savings

Boulder, CO., May 17, 2018

LBA announces initial results from its latest clean technology efforts to install battery storage and LED retrofits across eight office and industrial properties in California, Arizona, Colorado and Nevada. These projects are estimated to save the properties over $1.9 million dollars over the next 10 years. The projects were facilitated by Black Bear Energy Inc., who acted in partnership with LBA Realty…

Why California Building Owners Need to Consider Energy Storage - ULI San Francisco

While Tesla’s Gigafactory may not yet be fully operational, the global energy storage market has taken off and continues to gain momentum as building owners and utilities recognize the potential financial and reliability benefits. And unlike the battles over solar, energy storage is shaping up to be a win-win for both CRE users and utilities…

Stem to Deliver 7.5 MWh AI-Powered Energy Storage to Kilroy Realty Corporation

MILLBRAE, Calif.–(BUSINESS WIRE)–Stem, Inc., the leader in energy superintelligence™, was chosen by Kilroy Realty Corporation(NYSE: KRC) to deploy over 7.5 MWh of artificial intelligence (AI)-driven energy storage at eight commercial buildings in KRC’s California portfolio…

Black Bear Energy Announces 5.2 MW of Commercial Solar Developments with Kilroy Realty

Black Bear Energy, a leading technology-enabled services company representing large commercial renewable and clean energy buyers, today announced the development of 5.2 MW of commercial solar systems with Kilroy Realty Corporation, a leading West Coast Real Estate Investment Trust (KRC).

Black Bear Energy CEO Drew Torbin interviews with Nasdaq

Learn about Black Bear and how we position ourselves as a Buyer’s Rep for our clients to help them procure energy projects that work for them.