Bringing Clean Solar Energy to the Roof
Founded in 2003 by Port, PermaCity designs and installs rooftop solar solutions for both commercial and industrial customers. The name for the solar energy company comes from Port’s 1993 graduate thesis. Headquartered in Los Angeles, the renewable energy business has since developed a number of patents to protect its proprietary solar panel mounting technology, the SolarStrap.
Mounting solutions from the renewable energy company require minimal tools to attach solar panels to flat roofs. Without ballasts or the need to penetrate the roof, the framework is fixed to the building using heat sealing technology. Energy captured by solar panels from the energy business can be used for electricity and water heating while cutting back on emissions.
Now that PermaCity has joined with Catalyze, the renewable energy company can use proprietary software from the energy developer to identify high-potential properties for solar panel installation, in addition to Catalyze’s battery storage solutions.
“We looked at several options for financing projects, but the magnitude of the opportunity created by integrating PermaCity and Catalyze went far beyond that of any other mere capital provider and we can now offer more complete solutions to customers plus pursue previously unavailable opportunities,” said Port. “...the combination of their integrated battery storage solutions and PermaCity’s demonstrated experience with SolarStrap technology creates the ability to dominate the C&I market.”
Charging Into the Solar Industry
The solar energy business is hot right now, as is most of the renewable energy sector. Government initiatives and the electrification of transportation continue to drive demand for renewable energy generation. Market research projects the solar energy market to reach over $223 billion by 2026 at a CAGR of 20.5%.
About the Author
James White is a Michigan State University graduate with a BS in Environmental Biology. He is interested in reporting emerging trends in technology, especially with regard to alternative energy and environmental conservation.