Stamford’s Altus Power in strategic partnership with High Street Logistics
Stamford-headquartered Altus Power Inc. (NYSE: AMPS), an independent developer, owner and operator of commercial-scale solar facilities has partnered with High Street Logistics Properties LLC to develop and construct clean electrification solutions at High Street”™s real estate properties nationwide.
The partnership spans High Street”™s portfolio of 144 industrial and logistics assets totaling over 18.2 million square feet. In addition to the building-sited, locally generated solar power, Altus Power and High Street plan to implement battery storage and fleet electric-vehicle charging infrastructure across the portfolio, while the rooftops of High Street”™s industrial properties could be used for Altus Power”™s commercial-scale solar arrays.
High Street will also become one of the first Altus Power customers to benefit from its AI-powered Carbon Dashboard, a software-as-a-service platform designed to provide clients with a measurement in achieving net-zero goals.
“We are excited to partner with a prestigious real estate investment firm like High Street and we, together with our strategic partner CBRE, look forward to delivering tangible value to High Street and their stakeholders,” said Lars Norell, co-CEO of Altus Power. “High Street”™s occupiers and capital partners will benefit from the integration of clean energy into their properties through savings on clean power, the reduction in the carbon footprint and the increase in the net operating income of the portfolio.”