– Marks Spruce’s Access into the Following Frontier of Dispersed Energy &# 13;
– Pairs Nationwide Solar Scale with Electrification Installment System &# 13;
– Accelerates Adoption of Home Battery Storage.
Spruce Power Holding Corporation (NYSE: SPRU), a leading proprietor and driver of distributed domestic solar energy properties across the United States, today announced a tactical partnership with Treehouse, a software-enabled installment platform for electrification jobs, to increase Spruce’s expansion of offerings into the quickly expanding home battery storage (BESS) market. The partnership improves the firm’s Spruce Pro servicing system, prolonging its reach beyond solar into battery power storage space. &# 13;
Strategic Highlights
Broadens Total Amount Addressable Market: Enters the swiftly scaling home battery storage market, one of the fastest-growing fields in clean energy. &# 13;
Capital-Light Development Design: Monetizes Spruce’s existing solar fleet through battery upgrades without needing asset ownership or heavy capital expense. &# 13;
New Recurring Income Streams: Broadens Spruce’s profits possibility through its partnership-driven battery storage (BESS) program, developing lasting worth with setup activity and improved consumer involvement, while enabling home owners to gain from arising grid participation chances. &# 13;
Customer Retention & & Worth Lift: Deepens client relationships, boosts life time worth, and improves lasting brand loyalty. &# 13;
Strategic Positioning: Reinforces SPRU’s management in dispersed tidy power while setting the phase for property owner participation in future grid-balancing and virtual nuclear power plant campaigns. &# 13;
This collaboration unlocks an effective new development engine for Spruce, one that provides high margin, capital-light income by enabling battery upgrades and long-term customer worth development through its collaboration with Treehouse. Together, both business will present a nationwide program to supply Spruce’s comprehensive client base a smooth path to update existing solar systems with power storage space, providing resilience, control, and long-lasting energy savings. &# 13;
“Battery storage space is the following wave of value development in dispersed power, and Spruce is built to lead it,” stated Chris Hayes, Chief Executive Officer of Spruce Power. “Our partnership with Treehouse provides us the ability to rapidly activate our huge installed base and capture the advantage of storage space fostering, without the capital intensity of typical implementation. It’s a calculated win that increases both development and success.”&# 13;
Via Treehouse’s proprietary software and tested hands-on experience in home electrification, Spruce customers will access to best-in-class battery remedies with a turnkey, streamlined upgrade experience, from system design and permitting with to installment by Treehouse’s group of accredited electrical experts. Spruce clients can get going at https://pages.treehouse.pro/spruce&# 13;
“Treehouse is honored to companion with Spruce in quest of our common vision of home power systems that supply backup power and reduced power prices for customers,” stated Eric Owski, Founder and CEO at Treehouse. “With ever reduced battery costs and Treehouse’s software-enabled setup procedure, there’s never been a much better possibility for Spruce customers to safeguard their homes from blackouts and enhance the value of their power systems.”&# 13;
With more than 85, 000 household solar systems under administration across the country, Spruce Power is uniquely placed to drive battery fostering at scale, producing brand-new opportunities for development and worth development, while equipping home owners to participate in arising grid solutions chances such as digital nuclear power plant (VPPs). &# 13;
Concerning Spruce Power &# 13;
Spruce Power Holding Company (NYSE: SPRU) is a leading owner and driver of dispersed solar energy properties across the USA. We supply subscription-based solutions that make it easy for home owners to benefit from roof solar energy and battery storage space. Our power as-a-service model enables customers to access new modern technology without making a considerable upfront investment or incurring upkeep expenses. Our business has the capital from roughly 85, 000 home solar possessions and agreements throughout the United States. For extra details, please see www.sprucepower.com. &# 13;
Regarding Treehouse &# 13;
Treehouse is a software-enabled installment system for electrification tasks. The company’s goal is to speed up the decarbonization of the locations we live and work by simplifying the electrification trip. By operating as a centralized, end-to-end companion, Treehouse assists firms – consisting of car stores and suppliers, fleet companies, energies, and electrification hardware suppliers – range electrification programs across the country and deliver seamless, fascinating installation experiences for clients. Treehouse has elevated more than $ 25 M in funding to day from capitalists and companions consisting of Embellishment Ventures, Eaton, Veriten, MassMutual Ventures and more.