Company Research Report: Solarity

Company Overview

• Name: Solarity

• Mission of the Company: To lead in the generation of solar energy for businesses, enabling them to reduce their carbon footprint and save on energy costs without initial investment.

• Founded: 2014

• Founders: Horacio Melo and José Luis Carvallo

• Key People in the company:

• Horacio Melo, CEO & Co-Founder

• María Francisca Sánchez Cerri, Gerente de Ventas

• Nicolas De Narvaez, Managing Director at Brookfield Asset Management - Head of Renewables & Energy Transition in Latam Ex-Brazil

• Rodrigo Arias, Tech Leader

• Headquarters: Santiago, Región Metropolitana, Chile

• Number of Employees: 51-200

• Revenue: No information is available

• Known For: Solarity is known for being a leader in solar energy generation for commercial, industrial, and agricultural sectors in Chile. The company is renowned for its innovation and efficiency in energy management, highlighting the installation and operation of over 180 solar plants across the country under the Brookfield Renewable umbrella.

Products

• Products Offered:

• Solar Power Solutions:

• High-Level Description: Solarity provides customized solar power plants for companies, handling financing, construction, and operation to ensure cost savings and reduced carbon emissions for their clients.

• Key Features:

• Distributed Solar Generation: Solarity enables businesses to consume energy directly from their own solar power installations, thus lowering their dependency on the traditional grid and shielding from energy price fluctuations.

• Flexible Installations: Offers varied solar setups including rooftop, ground-mounted, floating, and solar carports.

• Sustainable Energy Solutions: Focusing on clean energy generation minimizing environmental impact.

Recent Developments

• Recent Developments:

• Solarity successfully finished constructing a new solar plant at Airbus Chile in the Aeródromo Tobalaba, which now covers 100% of the daytime energy consumption, demonstrating Solarity’s prowess in implementing solar solutions that cover large energy demands.

• The company has expanded its collaborations with significant clients like Unifrutti Chile, offering promises of cleaner and cheaper energy solutions.

• New Products Launched: No information is available

• New Features Added to Existing Products: Solarity has expanded its installations to include solar carports that not only generate clean energy but also provide shaded parking solutions, enhancing vehicle protection and temperature reduction.

• New Partnerships: Solarity cooperates with renowned firms such as Airbus and continues to strengthen ties with Brookfield Renewable, supporting the company’s growth and focus on secure and efficient operations.

Market Position and Future Outlook

Solarity continues to secure its stance as a leader in distributed solar energy generation in Chile. By continuously developing their portfolio of solar installations and maintaining a strategic focus on sustainable energy solutions, the company aims to expand significantly, targeting to increase its operational solar plants well beyond 170, with the aspiration of reaching around 1,000 distributed generation plants in the near future. As part of these efforts, the company has recently secured a financing round of USD 50 million to support this extensive expansion.