Stream Realty Partners will partner with a leading energy transition company to alleviate strain on power infrastructure by providing the grid system with sustainable power generation.
Stream, a national real estate services, development, and investment company, announced today a Master Framework Agreement with Boulder, Colorado-based Catalyze, a leading national independent power producer that develops, constructs, owns, and operates integrated renewable assets to deliver standardized, yet configurable systems that meet their partners’ unique needs.
Stream and Catalyze will deploy solar, battery storage, and EV charging solutions across Stream’s owned industrial development pipeline of over 40 million square feet, equivalent to over 450 megawatts of on-site solar and battery storage projects. They are initially considering 42 properties across the United States, in markets including California, North Carolina, South Carolina, Tennessee, and Texas, and aim to deploy fleet EV chargers at many of the properties over the next few years.
“Our partnership with Catalyze makes it effective and profitable to streamline deployment of clean energy solutions across our growing pipeline of industrial facilities while supporting the power grid throughout our industrial portfolio,” said Adam Jackson, Stream Chief Investment Officer and Chairman of the firm’s ESG Committee. “Catalyze’s vertical integration, financial capabilities, and national expertise make them an ideal clean energy transition partner for our mission of addressing emissions at scale across our national portfolio. “
According to Catalyze, commercial real estate owners and developers have an opportunity to reduce emissions and operating costs by implementing clean energy solutions, but regulatory, financial, and technical complexities are proving challenging to more widespread adoption. The Stream partnership enables Catalyze to de-risk the commercial real estate firm’s costs and supply chains and accelerate construction across the pipeline, allowing for more rapid clean energy development and emissions reductions.
“As the real estate industry moves ESG to the top of its priority list, owners are seeking simple, cost-efficient ways to integrate clean energy solutions and reduce emissions across entire portfolios,” said Steve Luker, Catalyze CEO. “We’re proud to partner with Stream Realty Partners to demonstrate that leveraging technology, innovative contracting, and vertically integrated capabilities can make it easy and profitable to meet ESG and operational goals.”