Energy News Network highlights Solstice as a community solar provider using AI and machine learning to transform community solar services. 38 Degrees North Director of Asset Management, Samuel Van Dam, joined the conversation to share their experience with customer churn stating that AI is “a fantastic idea," noting that “There’s a lot to getting everyone signed up and making sure they keep paying their bills if they are replaced. When they have to be replaced, that potentially costs money and potentially results in lost revenue. Avoiding that is the preferred approach.” Predicting subscriber churn, implementing customer intervention on high-risk accounts, and enhancing overall equity - Solstice is changing the way community solar subscriptions are managed, for the better. Discover how innovative tools are changing the game.
Solstice
Renewable Energy Semiconductor Manufacturing
Cambridge, MA 11,700 followers
Solstice connects households and businesses to local clean energy sources that provide guaranteed annual savings.
About us
The age of solar has arrived. With prices falling by 80% in less than a decade, solar power is now within reach of every American household. Here’s the problem: 90 million American households are currently locked out of the solar marketplace. Maybe it’s because they rent their homes. Or other solar companies are not willing to sell to them. Or simply because their roof is in the shade or is not well-suited to a solar array. Our mission is to unlock the possibility of solar power for these households. With the help of transformative policies taking root in the United States, we are now in a position to do so. It's called "community solar." What it means is that a household can buy solar power without having an array installed on its roof. Here's what we noticed: in communities all across the country, there are extraordinary organizations -- from the church down the street to the college campus across town -- that are embracing clean energy and want to bring it to their constituents. There are also households that want to go solar but do not have an easy way to do so. Finally, there are solar companies eager to find more customers. Our goal as Solstice is to use community solar to help these groups meet one another. When we do, everybody wins: those who cannot currently access solar are brought into the market, more solar is deployed, and everyone saves on their electricity bills.
- Website
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http://www.solstice.us
External link for Solstice
- Industry
- Renewable Energy Semiconductor Manufacturing
- Company size
- 11-50 employees
- Headquarters
- Cambridge, MA
- Type
- Privately Held
- Founded
- 2014
- Specialties
- Solar power, Solar energy, Social enterprise, Social entrepreneurship, Community solar garden, Shared solar, Energy, and Renewables
Locations
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Primary
Get directions
Cambridge, MA 02138, US
Employees at Solstice
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Jennifer Kinney
Technology and Product Executive in Consumer and B2B SaaS Products
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Neelam Chakrabarty
Product & Technology Leader | MBA, | 2x startup founder | Ex-Intuit | Ex-HP
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Dawn Dzurilla
Founder & Managing Partner, Gaia Human Capital Consultants | Retained Executive Search Consultant, ESG & Sustainability, Climate Tech, Renewable…
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Phil Del Negro
Solar Powered | Sales and Marketing Executive at Solstice | Energy Services
Updates
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Are YOU attending RE+ Mid-Atlantic? Solstice is proud to be sponsoring this event and excited to learn from other industry experts. You can schedule a meeting with Solstice and discover more about our top-notch community solar customer acquisition and management services by emailing us at bd@solstice.us Don't miss this opportunity to learn how we can help you shine brighter! ✨ #REMidAtlantic #CommunitySolar #Solstice #RenewableEnergy
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Community solar is changing the game! A new study confirms what many of us in the industry already know - that community solar programs are making renewable energy accessible to more people, especially those in rentals and multifamily buildings. 🔍 Community solar adopters are 6.1 times more likely to live in multifamily buildings and are 4.4 times more likely to rent. Read more about how community solar is delivering on its promise to make clean energy more assessable.
Community solar expands access to clean energy, new study shows
canarymedia.com
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Solstice reposted this
Operations & Project/Program Management Leader | I help companies solve problems, manage projects/programs & build great organizations.
What does AI have to say about community solar churn? Solstice has been using AI to determine churn on its community solar projects. Steph Speirs, co-founder and former CEO, shared some findings at Aurora Solar's Empower event last month: ➤Tenure - strongest predictive variable. The longer it is, the less likely the subscriber will leave. ➤ First two months – most sensitive timeframe for churn as subscribers check that promises are kept and whether the billing is understandable ➤ Consolidated billing – lower churn than dual billing since savings are easier to see. ➤ Credit size – The higher the credit, the lower the churn. Therefore, owners of less energy-efficient buildings are more likely to stay. ➤➤ Lower-income subscribers – not correlated with higher churn as a whole ➤ Higher-income subscribers – weak positive but statistically significant higher churn, less likely to need every dollar of savings ➤ Renter - more likely, weak positive but statistically significant higher churn. Watch closer and make sure they have a good experience. The finding about lower-income subscribers is a nice surprise. People have assumed they are automatically the most likely subscribers to churn. I suspect the lower-than-expected churn rate owes itself to them needing every dollar of savings and living in less energy-efficient homes. I hope developers use this new risk understanding to increase the percentage of low-income households instead of shying away from them. Recent regulations and other incentives have pushed it to 10% in the U.S. #communitysolar
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Discover how solar energy is transforming Pennsylvania. From a 1% contributor to now powering significant portions of the state, solar farms are booming. But where they're placed matters. Learn more about the impact and legislation shaping this renewable future ...
Guest editorial | It matters where solar farms are placed
tribdem.com
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Co-Founder and CEO, Sandhya Murali, tells us what it takes to get and keep subscribers on a community solar project
Should You Subscribe To Community Solar? | Sandyha Murali at Midwest Solar Expo 2024
https://www.youtube.com/
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Solstice Co-Founders Steph Speirs and Sandhya Murali tell of the latest innovations and advancements in community solar and climate equity
Kudos, Solstice, on partnering with Microsoft & ENGIE North America Inc. to bring up to 60% electricity savings to low-income households & nonprofits in Illinois through community solar! I recently spoke with the Founders of Solstice, Steph Speirs & Sandhya Murali, who met in business school at MIT after working in off-grid solar in places like India, Pakistan & Peru. Together, they have made significant progress in bridging the clean energy access gap in the U.S. Through our conversations, I learned that their success is due in part to their AI & machine learning models, which have helped achieve Solstice’s 99% collections rate & 98% subscription rate. What I was most impressed with was their humility given all that they have accomplished, both at Solstice & on behalf of the community solar industry. If you’re looking for some inspiration & to learn about the latest advancements in community solar & climate equity, listen to the full Green Light episode: • Apple Podcasts: https://t.ly/ksU_0 • Spotify: https://t.ly/yTrQL If you’re a clean energy employer & need help scaling your workforce efficiently with top tier candidates, send me or Aimee Bigwood a message directly. If you’re looking for your next role in cleantech, take a look at the latest job openings at industry-leading companies: bit.ly/dg_jobs. #cleantech #cleanenergy #renewables #renewableenergy #solarpower #energystorage #jobs #hiring #greentech #greenenergy #sustainability
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Solstice’s Co-founders, Steph Speirs and Sandhya Murali, have been recognized as two of the “8 Climate Leaders to Know” by the MIT Sloan School of Management. Their innovative work at Solstice, making solar energy accessible to city dwellers, was recently featured in The New York Times.
ADVERTISEMENT by MIT Sloan School of Management — Eight Climate Leaders to Know Now
nytimes.com
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We’re delighted to announce new leadership at Solstice, including Co-Founder and COO, Sandhya Murali, taking on the role of CEO! In addition to Sandhya taking the helm, we have three other additions to our executive team, positioning Solstice for growth and innovation this year: Craig Armstrong, Chief Operating Officer Kei Hayakawa Strategy Officer Jennifer Kinney, VP of Product and Engineering Outgoing Co-Founder and CEO, Steph Speirs, who transformed Solstice from an idea into a national clean energy platform, will continue to serve on several boards and remain a voice in the energy industry as she takes a well-deserved break and explores her next chapter. Steph is thrilled to cheer on these leaders as they continue their impact at Solstice. Please drop a kind word for Steph and Sandhya below, and join us in celebrating this new chapter for Solstice ☀ https://lnkd.in/enVSq3AX