Stamford-headquartered Altus Power Inc. (NYSE: AMPS), a provider of commercial-scale clean electric power, has partnered with Brightcore Energy, a renewable energy solutions provider for the commercial and institutional market, on a solar installation on the Purchase property of Morgan Stanley (NYSE: MS).
The 2.7-megawatt solar array will be located on parking canopies at Morgan Stanley Wealth Management”™s campus and is expected to save the carbon equivalent of burning more than 2.9 million pounds of coal or more than 4,700 barrels of oil as compared to utility power. The companies added that Morgan Stanley will benefit from 40% of the discounted, clean electric power generated from the project, with the remaining benefits to be offered to the local community.
“Morgan Stanley is a leader in the global financial markets, and we”™re excited to provide its Westchester site with a new source of clean energy benefiting their campus and the surrounding community,” said Gregg Felton, co-CEO and co-founder of Altus Power. “We look forward to additional opportunities to work with Brightcore and Morgan Stanley in the future.”
“We are pleased to team up with Altus and Brightcore to gain access to new clean energy at one of our marquee locations,” said Geoff Boulter, global head of real estate services at Morgan Stanley. “This will not only further drive the operational sustainability goals of our Westchester campus, it will also support our local communities by providing an additional source of clean, electric power.”
