Fully integrated BESS developer On.Energy leverages a combination of system integration and in-house financing and procurement expertise to cover the full value chain of US front-of-the-meter projects.
The US battery storage market is in a rapid growth phase and becoming increasingly competitive, creating an increasing need for sophisticated technologies and a deeper understanding of markets.
Yet players who fully cover project development, system integration, technology innovation, and investment in asset ownership are rare.
That’s a fully integrated approach that On.Energy, headquartered in Miami, Florida, has embraced, and it overcomes many of the limitations of more traditional business models in the sector.
Founded in 2015 by friends Alan Cooper and Ricardo de Azevedo, On.Energy is focused on distributed utility-scale battery energy storage system (BESS) project portfolios.
Cooper and de Azevedo bring complementary skills and a shared passion for energy transition. They identified energy storage as a clear opportunity and set out to deploy integrated BESS projects in select Latin American markets.
After success as an energy storage developer and integrator of solutions for many blue-chip corporate customers, utilities and independent power producers (IPPs), the company has been able to raise more than US$250 million in corporate and project-level capital which it has deployed in its own portfolios of projects in the US.
Largely enabled by their CFO David Fernandes’ ability to structure project finance for these portfolios, On.Energy is bringing a uniquely unified and holistic skillset to the US market.
