Solar developer and construction company Verogy has formed a partnership with NJR Clean Energy Ventures (CEV) to develop solar projects and solar + battery energy storage systems (BESS) across the Northeast.  

As the renewable energy subsidiary of New Jersey Resources, CEV is one of the region’s largest solar owner/operators with more than $1.2 billion invested in solar projects across New Jersey and five other states. CEV maintains a portfolio of approximately 477 MW of installed capacity.

Verogy is a national renewable energy developer focused on developing, constructing and owning commercial and industrial, small utility-scale, and community solar projects.

“This partnership adds more optionality and geographic diversification to our already strong project pipeline,” said Robert Pohlman, VP of NJR Clean Energy Ventures. “Verogy is a respected developer who shares our commitment to delivering high quality, impactful projects to reduce emissions and advance clean energy goals.”

As leaders in the renewable energy marketplace with extensive experience designing, building and operating large-scale commercial solar assets, Verogy and CEV will focus on projects throughout the eastern seaboard.

“Verogy couldn’t be more pleased to partner with CEV,” said William Herchel, CEO of Verogy. “Our collaboration with CEV gives our platform the tools and resources we need to continue delivering high quality projects at scale.  From day one, our focus has been transparency, safety, and execution quality; CEV is a perfect match for that mission.” 

Funds managed by AB CarVal, an established global alternative investment manager, have owned a minority stake in Verogy since 2022.

New Jersey Resources is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services.

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