OnSwitch and Radial Power Partner to Develop and Finance 100 MW of Solar Projects for Corporate Customers
Tuesday, March 18, 2025
HOUSTON, March 10, 2025 /PRNewswire/ -- OnSwitch, Inc. ("OnSwitch"), a leader in software-driven commercial solar project development, today announced an innovative strategic partnership with Radial Power ("Radial"), a leading provider of onsite power solutions for commercial and industrial real estate owners, to develop 100 megawatts of solar capacity over the next two years, representing approximately 10 million square feet of rooftop space.
Many of the projects are expected to include energy storage, electric vehicle charging, and community solar hosting options. Development on the first sites, which will be owned and operated by Radial, has already begun. The partnership expands OnSwitch's financing capacity and development resources for solar projects, energy storage, electric vehicle charging, and other related solutions.
Mark Bronez, CEO of OnSwitch, said, "We are excited to partner with Radial, especially as the demand for solar energy in the commercial and industrial sector continues to grow. This partnership brings the capital and resources we need to scale rapidly and meet that demand."
John Bates, CEO of Radial, added, "This partnership with OnSwitch allows us to leverage their expertise and extensive relationships with major building owners across the U.S., providing an opportunity to accelerate the deployment of cost-effective and sustainable energy solutions."
The Radial Power-OnSwitch venture will simplify the process for corporate customers to evaluate and purchase solar electricity by leveraging OnSwitch's proprietary AI-driven SkyQuotes(TM) software.This partnership offers corporate customers lower-cost electricity with no upfront capital investment, ultimately helping customers reduce energy costs across their building portfolios.
About OnSwitch
OnSwitch, Inc., headquartered in San Francisco, CA, is a commercial and industrial ("C&I") solar energy project developer. The company leverages its patented SkyQuotes(TM) software to reduce solar costs and simplify project evaluation for corporate customers. With OnSwitch's proprietary SkyPlanner(TM) online tool, multi-building corporate clients can compare and prioritize SkyQuote(TM) evaluations across their portfolios. OnSwitch's management team has a proven track record in the C&I solar industry, having developed and built over 2,000 MW across more than 4,000 projects since 1999.
About Radial Power
Radial Power is a privately-owned developer, owner, and operator of distributed clean energy assets across large real estate portfolios. Based in Houston, Texas, Radial Power is jointly owned by investment affiliates of energyRe and Starwood Energy. For more information, visit www.radialpower.com.
Global Power Partners initiated and advised OnSwitch in the transaction.
View original content:https://www.prnewswire.com/news-releases/onswitch-and-radial-power-partner-to-develop-and-finance-100-mw-of-solar-projects-for-corporate-customers-302397167.html
SOURCE Radial Power; OnSwitch, Inc.
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