Demand for renewables. Twenty-four states now have Renewable Portfolio Standards (RPS) targets, requiring that some percentage of total electricity demand be renewably generated.
Grid parity economics. Traditionally one of the most expensive forms of power, PV is now economically viable. Due to steady improvements in technology and manufacturing techniques, coupled with record expansions in production capacity, the cost of photovoltaic modules has plummeted.
Structural challenges. In the 100-year history of power generation, weather has never before dictated plant location. Now, utilities face costly transmission upgrades in order to accommodate large renewable projects in far-off locations.
Environmental concerns. As developers race to build larger and larger projects, land requirements have grown from hundreds of acres to thousands, often located in environmentally sensitive areas.
TUUSSO Energy is a Seattle-based developer of utility-scale solar plants, focusing on mid-sized projects (~20MW) in close proximity to existing transmission infrastructure. We target privately-owned sites where we can minimize impacts to environmentally sensitive areas.
Our mid-sized approach allows us to sell power via standard offer contracts, feed-in tariffs and other procurement opportunities that help fast-track the contracting process. Our projects will supply utilities with renewable power for 25-50 years, using readily available, commercially-proven technology, without the need for costly transmission upgrades.
TUUSSO Energy’s investors include Portland-based venture capital firm, Pivotal Investments. Additionally, TUUSSO has partnered with Akula Energy Ventures (AEV), who will be co-investing in its first five projects. AEV brings extensive power plant development experience both in the US and abroad.