Summit Ridge Energy and Osaka Gas Enter New Solar and Storage Joint Venture Partnerships

Summit Ridge Energy (SRE), the nation's leading commercial solar and energy storage company, announced an expansion of its partnership with Osaka Gas USA Corporation (OGUSA), a subsidiary of Osaka Gas Co., Ltd. to construct, own and operate more than 100 megawatts (MW) of solar projects throughout the state of Virginia and 8 MW of energy storage systems in New York. The joint venture deals represents a nine-figure investment in clean energy development.

The deals mark the third and fourth joint ventures between SRE and OGUSA, strengthening their long term-partnership and emphasizing SRE's status as a trusted and reliable partner to organizations seeking to invest in clean energy.

"We are proud to strengthen our relationship with OGUSA to grow the commercial solar industry in our home state of Virginia and enter New York's energy storage market. Our ongoing partnership will create new jobs across the both states, generate meaningful tax revenue for the local economy and allow more households and businesses to benefit from clean energy savings," said Steve Raeder, CEO at SRE. 

"OGUSA is pleased to expand our partnership with SRE into the community solar market in Virginia and battery storage market in New York. We're eager to pursue new technologies, enter new markets and further contribute to the decarbonization and stability of the US power grid," said Sunao Okamoto, President & CEO of OGUSA.

OGUSA invests in energy infrastructure assets and businesses across North America and promotes renewable energy in its power business as key components for reduction of greenhouse gas.

Summit Ridge Energy | https://srenergy.com/

OGUSA | https://www.osakagasusa.com/