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April 25, 2024
The amount of natural resources that the billions of us exploit on this earth just keeps multiplying with every passing day. The UN suggests that, if current population and energy consumption trends continue, we will need the equivalent of two earths by the 2030s to generate sufficient resources and fresh air for all of us. Given the pressing problem, we have no other option but to switch to greener sources of energy.
To help individuals, institutions, organisations and governments switch to green energy, there are a number of consultants and companies out there in the market. But the issue with most of these consultants and companies, however, is that they struggle with equipment procurement, interconnection constraints and finding suitable development sites for their clients. Moreover, many companies lack the right experience and network needed to deliver the maximum value to their clients, which makes it even more challenging.
This is when SMT Energy comes into the picture. “SMT Energy overcomes these obstacles via complex problem solving and deep industry experience,” says David J. Spotts, who has more than seventeen years of experience in the solar industry, developing and construction management of new projects from start to completion.
Based out of Colorado, SMT Energy was founded by John H. Switzer and David J. Spotts in 2019. The company is a leading developer, owner and operator focused on community solar and standalone energy storage facilities throughout the United States. The company’s renewable energy solutions deliver economically attractive alternatives to fossil-fuel electricity generation.
Over the last fifteen years, the company’s team has worked with utilities, school districts, cities, counties, states, commercial businesses, industrial clients and many others to develop more than 1 gigawatt (GW) of renewable energy projects in the United States with a value of more than $1.5 billion.
In 2020, SMT Energy announced a strategic partnership with Goldman Sachs Renewable Power LLC (GSRP) to develop renewable assets in the United States. For starters, GSRP acquired 55 megawatts (MW) of community solar facilities located in upstate New York from SMT. Encompassing nine separate projects, the upstate NY community solar facilities, which will be operational in 2023, avoids the emission of approximately 60,225 tons of carbon dioxide per year. It is equivalent to the annual average energy consumption of 8,030 homes. It is important to note that SMT signed this project just over one year into its inception, which is a massive feat for any company of its age.
In August this year, SMT reached an agreement with SUSI Partners AG (“SUSI”), a leading Swiss-based sustainable energy infrastructure fund manager, to jointly develop, own and operate multiple battery energy storage systems (“BESS”) in the United States. The partnership incorporated a ready-to-build portfolio of ten (10) standalone BESS projects in South Texas, with a combined capacity of 100 MW. The operations of these assets are expected to commence in the first half of 2023.
With a stellar team and significant experience, SMT Energy looks promising in its vision of changing the dynamics of the energy space by constantly pushing for a more sustainable environment via the newest technologies. Currently, the company plans to rapidly deploy battery energy storage facilities across the US at scale, which will help lead the U.S.’ energy transition.
Pull Quote: “SMT Energy’s goal is to reduce planet earth’s carbon footprint by efficiently deploying green energy systems throughout the U.S.”
Description of the Company: The company is a leading energy developer focused on community solar and standalone energy storage facilities throughout the United States.
Company Name: SMT Energy
Founding Year: 2019
Office Locations: Boulder, Colorado
Official Website of the Company: smtenergy.com
Name of the Featured Leader: John H. Switzer and David J. Spotts
Designation of the Leader: Co-founders
