- Electriq Power has entered into a multi-year agreement with a major U.S. clean-energy company.
- The companies will jointly provide operations, including potential grid services, over 25 years.
Electriq Power has entered into a multi-year agreement with a major U.S. clean-energy company. The provider company, founded by one of the largest investors in clean energy infrastructure, provides a platform that designs, proposes and finances solar and storage projects nationwide.
The financing is estimated to be greater than $300 million over 30 months, based on expected sales volumes, system size, and pricing included in the agreement. The companies will jointly provide operations, including potential grid services, over 25 years. The financing will support the implementation of Sustainable Community Networks (SCNs) throughout California.
Electriq Power offers turnkey energy solutions that include everything needed for home energy independence – solar panels, batteries, software, project development, financing, installation and grid services – with zero upfront costs. Electriq’s energy systems are available to homeowners in select geographic locations, regardless of income or credit history, including low- and moderate-income households. No credit checks or property liens are required. By connecting organizations, companies, cities and municipalities, and their local homeowners into Sustainable Community Networks, Electriq Power is enabling a shared vision of making the planet a better place. Electriq Power makes it possible to deliver complete, clean, affordable, and resilient energy to all homeowners through these collaborations and by providing a comprehensive solution portfolio.