AMS, an energy management services company, announced the establishment of a solar and storage energy partnership with 38 Degrees North, and John Hancock and its affiliates.

38 Degrees North, alongside John Hancock Infrastructure Fund ("JHIF"), a private equity fund with approximately $2 billion of committed capital and part of Manulife Investment Management, and John Hancock Life Insurance Company (U.S.A.) (collectively, "John Hancock"), a division of Manulife Financial Corporation have acquired an initial set of four battery and solar facilities in California with rights to additional projects in 2019 and 2020.

"The parties designed the partnership to efficiently capitalize AMS's utility bill savings contract," AMS said

"AMS's unique financial performance contract seeks to address customer concerns with traditional solar PPAs by providing a higher degree of certainty that savings will be delivered for the customer. AMS's AI software platform continuously optimizes solar systems, batteries, and retail energy rates to actively respond to evolving energy market conditions and achieve the lowest energy costs over the life of the system," AMS said

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AMS   Solar   Storage  

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