SAN DIEGO, Calif.–(BUSINESS WIRE)–March 1, 2022–
Luminia, formerly SD Renewables, has launched a suite of new financing solutions and an advanced technology platform enabling more commercial properties to access a full range of sustainability improvements. With experience financing and developing billions of renewable infrastructure and real estate assets, Luminia’s seasoned management team is well positioned to overcome the challenges faced by businesses and commercial property owners to meet the ESG mandates. Luminia’s unique Clean Energy PPA® technology platform and platform has already been leveraged by partners across the country. In partnership with Sun Light & Power, Carondelet High School in Concord, California, is an example of a project that runs almost exclusively on solar power to drastically reduce its energy bills and carbon footprint.
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“Luminia provided us with a financing solution at very short notice, and it turned out to be a better option than what others were offering. Luminia saw us as a partner and wanted to serve us well, treat us well, and make us a priority – which was extremely important to us,” said Noah Galabow, Chief Financial Officer of Carondelet High School. “The main measure of the project’s success has been the energy savings. It generated more than we initially expected, and thanks to that, we are seeing significant cost savings. »
David Field, Co-Managing Partner of Luminia, previously led the construction of one of five enterprise-grade residential solar sales, origination and financing platforms. This platform has been scaled to execute over 8,000 residential solar transactions, totaling over $350 million. Jim Kelly, Co-Managing Partner of Luminia, has over 30 years of experience in commercial real estate, including the development and acquisition of over $1 billion in real estate assets.
“Over the past three decades, I have become aware of the challenges of financing sustainability improvements for the commercial real estate industry. This experience has guided our approach to inventing new ways for commercial property owners to achieve their ESG goals,” said Jim Kelly, co-manager of Luminia.
Luminia offers never-before-seen financing solutions combined with its proprietary technology platform to provide quick access to a suite of sustainability enhancements, including electric and solar vehicle charging stations and other vehicle upgrades. ‘energetic efficiency. Partners can now use Luminia’s Clean Energy PPA®, Credit Based PPA, or C-PACE financing to provide commercial owners financing with no down payment, no corporate or personal guarantees, to increase net operating income and asset value.
“History has proven how the powerful combination of finance and technology platforms has accelerated the residential clean energy industry. Our all-in-one, commercial-focused solution enables our key channel partners to streamline projects while delivering exceptional value to their commercial customers,” said David Field, co-manager of Luminia.
Using the Luminia platform, partners can perform on-the-spot pricing and proposals, instant property prequalification, and property and portfolio analysis that results in higher volume of client onboarding, reduced time sales cycle and less friction to close deals.
To learn how EPCs, solar energy and sustainability professionals are using the Luminia platform to accelerate sales cycles or fund project pipelines, visit luminia.io.
Founded in 2019, California-based Luminia provides unique financing and technology platform solutions that enable large-scale deployment of commercial property sustainability improvements. With new financing options and artificial intelligence-powered commercial real estate portfolio analysis, Luminia enables commercial and industrial property owners to implement holistic clean energy and energy efficiency upgrades without obstacles. Luminia’s solutions are specifically designed to deliver the greatest potential economic benefit and advance a property’s ability to meet ESG requirements. For more information, visit luminia.io.
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Christine Bennett for Luminiachristine@cleantechcommunication.com| +1 925.330.4783
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE TECHNOLOGY CONSTRUCTION & PROPERTY REIT PROFESSIONAL SERVICES BUILDING SYSTEMS OTHER TECHNOLOGY SOFTWARE ALTERNATIVE ENERGY ENERGY FINANCE
Copyright BusinessWire 2022.
PUBLISHED: 03/01/2022 07:00 / DISK: 03/01/2022 07:02
Copyright BusinessWire 2022.