DSD Renewables (DSD) has become a leader in accelerating solar deployment across the national commercial and industrial (C&I) landscape, tripling its number of megawatts developed and deployed, and company size since launching three years ago with the backing of BlackRock Real Assets’ Climate Infrastructure platform. To date, DSD has raised over $1 billion in funding to support its growth and customers’ energy needs, expanding its solar footprint to 22 states.
“Thanks to our partnership with BlackRock and recent investment from Ares, we have been able to rapidly scale our company and we are well-positioned to continue accelerating solar deployment by owning and operating clean energy solutions for our customers.”
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Since spinning out of GE in 2019, DSD has increased its number of solar projects from 125 to 345, jumping from 126 MW of developed and deployed capacity to 387 MW, and has grown its number of employees from 60 to nearly 190. With funding from the world’s largest financial institutions, DSD’s pipeline has grown 205%, while its backlog of projects has increased 816%.
“Our achievements thus far would not be possible without our team, which has driven our growth in a way that continues to advance the entire distributed energy industry,” says Erik Schiemann, Chief Executive Officer at DSD. “We are accelerating the pathway to a sustainable future, prioritizing a customer-centric approach, and we’re more energized than ever about what’s possible.”
In addition to its staggering growth, DSD has successfully evolved to meet the urgent needs of customers and partners, becoming a trusted one-stop-shop for customizable solar solutions and a platform to accelerate the deployment of distributed generation projects. By widening its product and service offerings, such as the development of its patented canopy design and patented water management and icicle prevention systems, or its expansion into offering electric vehicle charging infrastructure (EVCI) solutions paired with solar-plus-storage, DSD continues to build out its value proposition.
DSD’s focus on customer service and efficiency, coupled with its expertise in rapidly deploying impactful and aesthetically pleasing solar installations in a variety of settings, has helped build a base of repeat customers made up of global organizations, including IKEA, The Home Depot, and Verizon.