For energy users that understand and desire the significant benefits that distributed energy resource (DER) assets can provide, but are unable or unwilling to commit the upfront capital needed for development, Tangent’s EaaS solution can provide DER asset development without asset ownership or operating and maintenance expense.
Project financing is accomplished using third-party investors who provide initial funding for the asset in exchange for a share of the long-term economic returns generated through its use. This type of financial arrangement has existed for years in the solar industry, but Tangent has set itself apart by pioneering a variation for gas generation and storage projects as well.