Cordelio Power ("Cordelio") and BrightNight are pleased to announce a new partnership to develop dispatchable renewable power projects in the western United States. The focus of the joint venture is to bring clean, reliable, and highest-value energy and capacity solutions to customers while providing long-term economic benefits to local communities.
"Cordelio Power is extremely pleased to join forces with a best-in-class developer," said John Carson, Cordelio's Chief Executive Officer. "The BrightNight team brings proven success in the solar and storage space, and together we are now poised to lead the industry's energy transition to more clean power through the integration of energy storage."
Paul Caudill, BrightNight's Chairman said: "We are extremely delighted to combine BrightNight's strong focus on delivering best-in-class projects with Cordelio's execution skills and financial scalability. This joint venture is positioned to deliver superior value to its offtake customers."
"BrightNight has built a unique capability to provide innovative, firm, load-following renewable products, like structured shapes or full requirements energy and at industry-leading prices. We look forward working with Cordelio's strong platform to build a large joint portfolio," said Martin Hermann, BrightNight's CEO.
Date: Dec 1, 2020