Clean electricity to power Flexport’s operations

Altus Power, a leading commercial-scale power company, today announced the completion and activation of a rooftop solar project at San Manuel Landing, a newly-built 1.1 million square foot Class-A industrial logistics center located in San Bernardino, Calif. Altus Power originated the project with Trammell Crow Company, which developed San Manuel Landing with Yuhaaviatam of San Manuel Nation (YSMN).

Under long-term agreements, Altus Power leases the roof of the building from the YSMN and delivers clean electric power directly to Flexport, the global logistics company and tenant of the property. The system will reduce Flexport's operational profile at the facility by lowering its total energy costs.

“In a time of rising energy prices, this project demonstrates how Altus Power and its solar energy solutions can deliver low-cost electricity to businesses with no requirement for the customer to own or maintain the system,” said Brett Phillips, Director, Investment and Structured Finance, Altus Power. “By working with Trammell Crow Company and the Yuhaaviatam of San Manuel Nation, Altus Power delivered a turnkey solution that generates immediate energy savings without Flexport incurring upfront capital investment. Altus Power is committed to expanding our footprint in California's industrial real estate market to give tenants and real estate owners a smarter, more cost-effective way to power their businesses.”

“Controlling costs across our facility network is critical to an efficient operation, but doing so in a way that aligns with our environmental goals is what truly defines a modern supply chain,” said Cody Moreland, Sr. Director of Fulfillment Ops at Flexport. “At San Manuel Landing, we’re merging efficiency with sustainability. This solar system allows us to lower electricity costs while making tangible progress on our commitment to decarbonize our footprint across our global network. It’s a clear example of how we're building a more resilient, green supply chain for our merchants.”

The completion of this project adds to Altus Power’s California footprint of more than 154 MWs across nearly 100 projects. Altus Power’s portfolio across 30 states and the District of Columbia serves enterprises looking to reduce operating costs and protect against energy price volatility, anchored by the company’s distributed solar power plants.

About Altus Power

Altus Power is a leading commercial-scale power company, delivering reliable, cost-effective solar electricity across 30 states and the District of Columbia. With more than 1.3 gigawatts of solar generation assets, Altus Power owns and operates a robust network that serves Fortune 1000 companies, municipalities, schools and households. As a portfolio company of TPG Rise Climate Transition Infrastructure, Altus Power leverages this strategic partnership to scale operations and expand access to affordable, locally-sourced renewable power nationwide. By combining deep market expertise with innovative financing, Altus Power sets the standard for commercial-scale power generation while stabilizing electricity costs and driving the transition to a cleaner, brighter future.

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Altus Power is committed to expanding our footprint in California's industrial real estate market to give tenants and real estate owners a smarter, more cost-effective way to power their businesses.