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CASE STUDY

Syncarpha Capital

Location

Blandford, MA

System Benefits

ISO/RTO Region

ISO New England

Commercial Operation Date

June 2020

Solutions

Solar Plus Storage, SMART Program Optimization

Energy Storage System Size

4MW / 8MWh plus 5MW solar PV

Maximizing Portfolio Value Under Massachusetts' SMART Program

Syncarpha Capital, LLC is a New York-based private equity firm that develops, owns and operates commercial and large-scale solar PV projects in the U.S. and Canada. Partnering with experienced solar developers, installers, and engineers, Syncarpha designs and builds on-site solar systems for municipalities, utilities, and businesses. The company currently operates 150 megawatts (MW) of solar assets in ten states.

Syncarpha’s management team has more than 50 years of investment management, renewables and operating experience. When it wanted an expert energy storage partner to maximize solar plus storage portfolio value under the Solar Massachusetts Renewable Target (SMART) program, Syncarpha chose Stem.

DOWNLOAD CASE STUDY

Challenge

Eager to develop a front of meter project that would successfully integrate with wholesale energy markets and comply with state and federal incentive requirements, Syncarpha needed an expert storage partner to help conduct an extensive due diligence process and navigate enrollment complexities. The company also needed to know the energy storage system would be sized and operated to maximize project ROI under current and future value streams.

Solution

Ultimately, Syncarpha chose Stem for our pioneering experience and expertly managed operations. Our cross-functional teams worked closely together to overcome enrollment and deployment challenges. Stem’s Athena software supports compliance with requirements for federal investment tax credits and the SMART Program, and delivers the intelligence that enables participation in ISO New England wholesale energy markets.

Results

The Blandford project is the first 8MWh of a 28MWh solar plus storage portfolio in Massachusetts that Stem will operate for Syncarpha, with four additional front of meter projects now being developed in towns across the state. With the emergence of Massachusetts’ Clean Peak Standard, energy storage is poised to play a key role in helping the state realize its clean energy goals by maximizing the value of solar generation.

Stem and AlsoEnergy brought the complete package to Syncarpha for their solar and storage systems, supporting the wholesale market registration process so they can get assets in the markets sooner and start generating revenue quickly.

Cliff Chapman

CEO, Syncarpha Capital LLC

“Stem brings the complete package, supporting the ISO New England registration process so we could get our assets in the markets sooner and start generating revenue quickly. We look forward to what we will accomplish together in delivering clean energy options to the communities we serve.”

Related Case Studies

Kearsarge Energy

Haverhill, MA | 9MWh

Read More

Stockmans

San Bernardino County, CA | 1.8MWh

Read More

Let's talk.

Contact the experts at Stem and learn how smart storage can power your business forward.

Stem HQ: 100 California St 14th Floor San Francisco, CA 94111

For Support or Sales inquiries, call 877-374-7836(STEM).

  • You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.

Let's talk.

Contact the experts at Stem and learn how smart storage can power your business forward.

Stem HQ: 100 California St 14th Floor San Francisco, CA 94111

For Support or Sales inquiries, call 877-374-7836(STEM).

  • You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.

Let's talk.

Contact the experts at Stem and learn how smart storage can power your business forward.

Stem HQ: 100 California St 14th Floor San Francisco, CA 94111

For Support or Sales inquiries, call 877-374-7836(STEM).

  • You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.

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Commercial & Industrial

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Electric Cooperatives

Project Developers

Solar EPCs

IPPs & Asset Owners

Federal

Solutions

Athena

Energy Storage

Solar Plus Storage

Wholesale Energy Markets

Microgrids, Backup Power & Voltage Support

Utility Bill Optimization

Demand Response

Commercial EV Charging

Sustainability

Professional Services

Incentives & Programs

Federal Storage ITC

Connecticut Energy Storage Solutions Programs

Connecticut Energy Storage Solutions Programs

Hawaii’s Battery Bonus Program

Massachusetts SMART

New York VDER

Ontario Global Adjustment

Partners

Why Stem

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About Stem

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Copyright © 2022 Stem, Inc.

Privacy Policy | Terms of Use

Partner Code of Conduct

Human Rights Policy Statement

Sustainability Policy Statement

Customers

Enterprise

Commercial & Industrial

Utilities

Electric Cooperatives

Project Developers

Solar EPCs

IPPs & Asset Owners

Federal

Solutions

Athena

Energy Storage

Solar Plus Storage

Wholesale Energy Markets

Microgrids, Backup Power & Voltage Support

Utility Bill Optimization

Demand Response

Commercial EV Charging

Sustainability

Professional Services

Incentives & Programs

Federal Storage ITC

California’s Energy Storage Opportunities

Connecticut Energy Storage Solutions Programs

Hawaii’s Battery Bonus Program

Massachusetts SMART

New York VDER

Ontario Global Adjustment

Partners

Why Stem

Partner Program

Distributors

Stem University

Partner Log In

About

About Stem

AlsoEnergy Acquisition

Leadership

Environmental, Social, Governance

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