Creating alternative energy solutions for high energy demand customers

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We are a renewable energy and storage developer, purpose-built to serve industrial and high energy demand customers

 

Our customers include refineries, pumping and compression stations, manufacturing and/or processing plants, terminals, and datacenters. Our development team works with project landowners and surrounding communities to responsibly develop power projects that support the success of rural and industrial-adjacent communities for generations to come.

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About us

Industrial Sun features a world-class team of renewable energy industry veterans with a distinguished track record of success. 

 

Together, the Industrial Sun team has participated in the development of gigawatts of energy projects throughout the United States that are either in operation or currently under construction – representing billions of dollars of investment. As a values-aligned partner, we believe in responsibly developed solar projects that provide positive impacts to the environment, local economy, customers and landowners. 

 

Industrial Sun Leadership

Wade Gungoll , CEO
Wade Gungoll

As co-founder and CEO of Industrial Sun, Wade has served as a development executive or General Counsel for over 2GW of utility-scale solar energy projects across the United States, including some of the largest projects in operation today. As a result of his efforts, more than $2 billion in funds have been successfully invested in operational renewable energy projects, with enough clean energy generated to power the equivalent of over 500,000 American homes. Earlier in his career, he was a General Counsel and land management executive in the oil and gas industry. Mr. Gungoll earned a B.A., with distinction, from Yale and holds a J.D. from Columbia Law School.

Jeff Sullivan , VP of Finance
Jeff Sullivan

As Industrial Sun's Vice President of Finance, Jeff leads the company's financial planning and project finance activities and manages relationships with current and potential capital partners. Jeff has four years of experience in the solar industry and has been a key player in the financing of over 1.2 GWdc of projects, power contracting for over 900 MWdc, and the sale of a 9 GW development pipeline. He started his career as an Officer at Naval Reactors where he led design engineering, construction, testing, and lifecycle planning activities for aircraft carrier nuclear propulsion systems. Jeff holds a Master of Business Administration and a BS in Mechanical Engineering from the University of Texas.

Rich Clark , VP of Development
Rich Clark

Rich manages all aspects of project engineering and development activity for Industrial Sun. Rich came to the team from Lightsourcebp where he was the VP of Engineering (Americas) and led the technical transition of 7X Energy assets (9GW) to BP (July 2021 acquisition). At 7X Energy, Rich was the VP of Engineering leading PV layout optimization, energy simulations, site studies, Independent Engineering reports, and final design reviews that support development and construction of all projects. Prior to joining 7X, Rich worked at SunPower as the Development Engineering Manager for Utility Power Plants covering North and South America. There, Rich worked on numerous power plant projects in the early development phase totaling over 3 GW of capacity. He also led the development engineering on seven UPP projects totaling over 450 MW in the U.S. and Latin America. Before SunPower, Rich was a Project Engineer at NRG Energy working on development for solar distributed generation and utility solar power plants.
Rich currently serves on the board of Solar Austin which promotes policies and programs for the local solar industry including a focus on implementing programs that provide more diversity within the renewable energy industry.
He has an MBA from Drexel University and BS in Mechanical Engineering from The University of Texas at Austin. He is also a licensed PE in New Jersey.

Alexandra Williams , VP of Origination
Alexandra Williams

Alexandra is responsible for Industrial Sun’s origination efforts where she devises creative power solutions to meet customer needs. Her extensive career experience in the power sector includes contracting over 800 MW of renewable power purchases and managing the two largest demand response books in the ERCOT market--with over 15 GW of aggregated power generation. Notably, the Gulf Coast Power Association selected her as the 2021 recipient of the Empowering Young Professionals Award, given annually to someone under 40 who has accomplished excellence in the power industry. Prior to joining the Industrial Sun team, she served ExxonMobil Corporation (XOM), where she developed and expanded XOM’s participation in the power markets. At XOM, she was responsible for renewable power purchases, trading, growing the demand response portfolio and managing key relationships/accounts in ERCOT, CAISO and MISO. Alexandra began her career at MP2 Energy on the real-time desk and later moved on to EDF Trading North America. Alexandra is a NERC certified reliability coordinator and a graduate of the University of Houston with a B.A. in History and a B.S. in Political Science.

Katherine Valdelievre , VP of Real Estate
Katherine Valdelievre

As Industrial Sun’s Vice President of Real Estate, Katherine manages all real estate and associated development legal matters for Industrial Sun. Katherine came to the team from Apex Clean Energy where she worked as Real Estate Counsel. At Apex, Katherine drafted, negotiated, and managed land agreements, construction finance agreements, and purchase agreements on over 2 GW of wind, solar, hydrogen, and storage projects through the United States. Katherine holds a J.D. from the University of Virginia School of Law and a B.A. from Wake Forest University.

Drew Golder , VP of Transmission and Regulatory
Drew Golder

Drew manages all transmission and regulatory activity for Industrial Sun. Drew came to the team from Lightsource BP where he was VP of Transmission (Americas), leading the transmission team and all interconnection activities for a pipeline with a 12.5GW by 2025 goal. Drew began his work in the development of renewable energy projects at 7X Energy. He led transmission strategy and development of the 9GW 7X Energy platform from greenfield scouting through the completion of platform sale to BP
in the summer of 2021.
Prior to 7X Energy, Drew performed financing grade transmission congestion and basis risk analysis as a
consultant at Leidos and DNV GL. He has performed analysis for wind, solar, and natural gas combined
cycle projects in markets including ERCOT, PJM, SPP, MISO and NYISO. In this role Drew advised project developers, debt and tax equity providers on power market trends and developments in addition to
detailed quantitative analysis. Earlier in his career Drew held sales and consulting roles focused on wind turbine technology and has climbed wind turbines in 10 US states performing construction quality inspections. He has an MS in Engineering from Drexel University and a BS in Engineering from the University of
Pennsylvania.

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Benefits for energy buyers

We offer comprehensive and cost-saving solar development capabilities tailored to serve our customers and their facilities, including:

 

  • Refineries
  • Pumping and Compression Stations
  • Manufacturing and/or Processing Plants
  • Terminals
  • Datacenters

Unrivaled Power
Bill Savings

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We provide value well beyond the standard wholesale vPPA/PPA, with deep savings on multiple sections of your power bill.  Our larger customers can expect to save over $10MM per year.

Decarbonization for
Large Facilities & 
Their Customers

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Our solutions provide carbon reductions (GHGP Scope 1 and/or 2)  for your facilities as well as substantial numerical carbon reductions in the Environmental Product Declarations (EPDs) of your products, reducing the supply chain (GHGP Scope 3) emissions of your customers.  Standard wholesale vPPAs/PPAs provide NO carbon reduction value in your product EPDs, regardless of what is done with the associated Renewable Energy Credits (RECs).

Diversity of Investment
to Power Buyer's
Community

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Our projects bring renewable energy to the mix of property tax paying, employment enabling, and land utilizing commercial enterprises in industrial areas.

Landowners

Our landowners are our partners – from project inception through construction and operation.

 

With a partnership mentality at the forefront of everything we do, Industrial Sun recognizes that the satisfaction of our landowners is vital to the success of our projects.  We proudly embrace the best land stewardship practices in our business. 

News

Industrial Sun Insights

December 19, 2023

Industrial Sun Executes Net-Metered Industrial Solar PPA with LyondellBasell

Today we’re excited to announce that a major industrial player is taking advantage of our innovative renewable energy solution to power one of its Texas-based facilities. We’re happy to share that we executed an industrial net-metered PPA with LyondellBasell. LyondellBasell is a leader in the global chemical industry creating solutions for everyday sustainable living. This 50 MWac solar project will provide renewable electricity directly to the company’s Matagorda Complex.

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Industrial Sun Insights

October 25, 2023

6 Ways Net-metered Solar Improves Carbon Accounting for Industrials

In this article, we’ll take a look at the most important carbon accounting considerations for industrials, plus 6 ways that net-metered industrial solar in particular stands out from the crowd of possible solutions.

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Industrial Sun Insights

August 23, 2023

Sweltering Heat and Swelling Energy Prices: Why Texas Industrials Need to Insulate Their All-in Power Costs

Summer 2023 has been an absolute scorcher — on track to be the hottest year on record. These blazing temps carry implications for soaring energy demand, not to mention soaring energy prices. Nowhere is this more evident than in Texas’s ERCOT electricity market.

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Industrial Sun Insights

June 29, 2023

Making Green Hydrogen Dreams a Reality with Industrial Solar

Cleaning up hydrogen production is a hot topic as of late, with IRA production tax credits stirring up new interest.

Did you know that net-metered industrial solar can provide a more direct and more affordable pathway to green hydrogen production? We explain more in our latest blog post.

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Industrial Sun Insights

June 8, 2023

Industrial-size Energy Needs, Met With Industrial-strength Solar for Manufacturing

Materials manufacturing is among the most energy-intensive facilities — but it doesn’t have to be this way, thanks to the fast-rising role of industrial solar in the sector.

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Industrial Sun Insights

May 22, 2023

Up, Up, and Away: The Perpetual Rise of Texas Demand Charges — and What to Do About Them

All-in industrial power prices in Texas recently hit a 15-year high. And ERCOT demand charges, which are now 2.5x higher than they were 15 years ago, are partially to blame. So, what options do industrial customers have to lessen the sting of their power bills? This new article from Industrial Sun's Alexandra Williams shares a unique solution.

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Industrial Sun Insights

April 26, 2023

Why the Oil & Gas Sector is Going Solar

It might seem counterintuitive for petrochemical industrial facilities to look to renewable solar energy for their operations, but for a growing number of refineries, it just makes sense for two big reasons: 1) economics and 2) upstream supply chain decarbonization.

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Press Release

February 28, 2023

EIG and Modern Energy Announce a $90 Million Investment in Industrial Sun

Capital supports the growth of Net-metered Industrial Solar in Texas’ ERCOT market

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Industrial Sun Insights

February 27, 2023

Texas the Heir Apparent for Becoming the U.S. Leader in Utility-Scale Solar

For more than a decade, California has claimed the #1 spot among U.S. states for cumulative installed solar PV capacity. It also often ranks #1 or #2 for new installed capacity in any given year. But if market trends continue, that is all about to change — and soon.

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Industrial Sun Insights

January 31, 2023

How Solar and Wind Stack Up Against 4CP Demand Charges

Part three in our series, this piece explores how solar and wind stack up against one another in tackling the 4CP demand charges that can be such a pain point for industrial facilities.

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Industrial Sun Insights

January 10, 2023

Options for Mitigating Industrial 4CP Demand Charges in ERCOT

Part two in our series, this piece outlines various strategies that industrials can employ to mitigate their 4CP charges.

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Industrial Sun Insights

December 20, 2022

Understanding ERCOT’s 4CP Demand Charge

As if electricity costs for commercial and industrial customers weren't high enough, demand charges often add a substantial amount to these power bills. In this new article, we'll break down the 4CP charge — a demand charge unique to Texas' ERCOT market.

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Industry News

May 17, 2022

Charging Up: Climatetech career moves at Stripe, Highland, AES, Array Technologies, RWE, Microsoft and more

Alexandra Williams has taken a position as vice president of origination at Industrial Sun, an Austin, Texas–based utility-scale renewable energy developer. Williams, previously with ExxonMobil, has negotiated over 800 megawatts’ worth of renewable power purchases on behalf of industrial entities or as an intermediary. Katherine Valdelievre, previously with Apex Clean Energy, has joined Industrial Sun as vice president of real estate.

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Market Developments

April 22, 2022

Leyline Renewable Capital $52 Million Loan Launches Texas Solar Project

Today, Leyline Renewable Capital announced its role in funding the Longbow Solar project – a total of $52 million to facilitate the solar development in Brazoria County, Texas.

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News

March 3, 2022

Industrial Sun Announces Four Key Hires

Industrial Sun, an Austin-based utility-scale renewable energy developer, has hired four renewable energy industry veterans with a distinguished track record of success.

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News

January 6, 2022

Modern Energy Welcomes Industrial Sun

Modern Energy announced today an investment of $30 million into the launch and multi-year deployment of Industrial Sun, an Austin-based utility-scale solar developer.

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Market Developments

September 24, 2021

Companies Break Ground on Gerdau Solar Project in Texas

Solar energy company 174 Power Global, steel producer Gerdau Long Steel North America and TotalEnergies have begun construction of the Gerdau Solar project, one of the largest behind-the-meter (BTM) solar facilities in the U.S.

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Talk to us

Please email or call us to learn how we can help meet your alternative energy goals or if you’re interested in partnering on a solar project where you own the land

Tel:

737.290.0550


info@industrialsun.com

Visit us:

3000 East Cesar Chavez Street, 
Suite 100

Austin, Texas 78702

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Industrial Sun Industrial Sun, a Modern Energy® company