Johnson Controls Announces Partnership to Increase Amount of Capital Available for Solar and Battery Storage Projects
Johnson Controls recently announced a partnership with Capital Dynamics to increase the amount of capital available for customers in North America working on solar or battery storage projects. The agreement will grant easier access to funding for Johnson Controls customers utilizing a Power Purchase Agreement (PPA) for projects of varying sizes, starting at $1 million, by aggregating them into a larger portfolio of projects.
Through a joint venture with Consolidated Edison, Johnson Controls has already been working to expand the market for solar and battery solutions, and controls to integrate them. This effort, combined with increased funding opportunities through the partnership with Capital Dynamics, positions Johnson Controls to be able to better help customers incorporate behind-the-meter, solar and battery storage into their built environment.