Catalyze Announces Commercial Operation of Renewable Energy Installations for 66 Galen
The purpose-built life science building, owned in a joint venture by The Davis Companies (Davis) and Boston Development Group, now boasts a 252 kWdc solar and 125 kW storage system, as well as 15 EV charging ports
HOUSTON–(BUSINESS WIRE)–Catalyze, a clean energy transition company that finances, builds, owns, and operates solar, battery storage, and electric vehicle charging systems for commercial and industrial customers, today announced the operation of a solar and storage project installed at 66 Galen, a purpose built life science building owned in a joint venture by Davis and Boston Development Group (BDG). The project also included the installation of EV charging stations.
66 Galen Street, located in Watertown, Massachusetts, is a 224,106 square-foot Class A life science building featuring modern, purpose-built offices and laboratories. The LEED Gold certified facility draws power from its 252 kWdc solar and 125 kW storage system, and also boasts a series of EV charging stations featuring 15 ports.
“We’re thrilled to bring this project online, marking another milestone in our commitment to innovative development,” said Jared Haines, CEO of Catalyze. “The completion of the 66 Galen facility underscores Davis’ and Boston Development Group’s dedication to creating modern, sustainable spaces that elevate communities. By prioritizing clean energy amenities, ownership recognizes that sustainability is not only an environmental necessity but also a key factor in attracting businesses and residents to vibrant locations like Watertown.”
The project supports the building’s ability to meet requirements under Watertown’s Climate and Energy Plan, which calls for 50 percent solar roof coverage on new and substantially renovated buildings over 10,000 square feet. To support this project, Catalyze participated in the Solar Massachusetts Renewable Target (SMART) program, which offers incentives for residential and commercial solar projects throughout Massachusetts.
“66 Galen Street is a premier destination for life science companies, with state-of-the-art lab space and superior amenities, coupled with a strong focus on sustainability and climate-friendly utilities,” said Cappy Daume, Chief Portfolio Management Officer at Davis. “The addition of new clean energy solutions such as solar, battery storage and EV charging, are a few of the many important steps we took to differentiate the site from others in the market, furthering our commitment to our ESG goals, and ensuring maximum value for Davis’ investors in the long term. We are thrilled to partner with Catalyze to advance our sustainability commitment at 66 Galen and the greater Watertown community.”
“EnCap is proud of Catalyze’s delivery of the 66 Galen project and believes it is a testament to the Company’s innovative approach,” said Shawn Cumberland, Energy Transition Managing Partner at EnCap. “Through its deep market expertise and holistic view of customer needs, Catalyze has continued to build its track record of delivering a differentiated offering of decarbonization solutions.”
“It’s terrific to see a multi-technology scheme such as 66 Galen which comprises energy generation from solar PV and battery storage come into operation,” said Javier Orellana, Director, Energy Infrastructure at Actis. “It’s a perfect demonstration of the energy transition in progress, with Catalyze providing a mix of sustainable, co-located technologies to enhance the value and attractiveness of a state-of-the-art real estate development. Working with commercial real estate owners to serve C&I customers across the US is a key part of the Catalyze strategy as corporate demand for clean power and mobility solutions continues to grow.”
In addition to the new solar panels, battery storage and EV charging provided by Catalyze, 66 Galen Street is equipped with several features chosen intentionally to enhance the building’s sustainability and climate efficiency. These include the durable, heat resistant exterior material using natural, 100% recyclable terra cotta tiles with a low-e coating that maximizes the building’s insulative properties and minimizes solar heat gain; high-efficiency LED and self-dimming lighting to minimize light pollution; a variable-volume air handler system that creates a 19 percent reduction in energy cost compared to buildings of a similar size; and significant water conservation infrastructure which directs excess rainwater to green space.
About Catalyze
Catalyze is a national Energy Transition Partner that develops, finances, owns, and operates integrated renewable assets, and combines its proprietary technology, financial strength, and battery and electric vehicle savvy to deliver standardized, yet configurable systems that meet their partners’ unique needs. These offerings enable commercial and industrial property owners, operating companies, and their customers to extract greater value from their assets, take increased responsibility and ownership of their energy profile, and ultimately become part of the clean energy transition. Catalyze owns two proprietary technologies – REenergyze, an origination-to-operations software integration platform that helps accelerate and scale the nationwide adoption of commercial and industrial solar and storage, and SolarStrap, a proprietary mounting technology to install rooftop panels. To learn more, visit www.catalyze.com.
About Davis
Davis is a vertically integrated real estate investment, development and management firm that leverages five decades of experience, the strength of its leadership team and employees and a diversified portfolio to deliver maximum value for its investors and tenants. Headquartered in Boston and investing across the United States, Davis prides itself on taking a nimble, collaborative approach to delivering best-in-class results from complex opportunities. With $12.5 billion in gross asset value invested through real estate equity, debt and fixed-income securities, Davis today owns a real estate portfolio of approximately 14 million square feet of healthcare and life science, industrial, retail, office and hospitality properties and more than 5,000 residential units across the United States. For further information, visit www.thedaviscompanies.com.
About Boston Development Group
Boston Development Group is a family-run business made up of privately held real estate companies based in Massachusetts. Founded over sixty years ago, BDG has expanded on its early visionary role as a residential developer and builder to become a dynamic, multi-faceted real estate organization. The company has grown into a well-respected leader in the field of Real Estate, specializing in the acquisition, development and management of commercial and residential properties. BDG’s expertise encompasses land acquisition, design, construction, rehabilitation and adaptive reuse of buildings, as well as property management, leasing and sales. As the company moves into the future, Boston Development Group continues to build on its fundamental strengths and creative abilities. BDG has an impressive real estate portfolio that includes prominent commercial, retail and residential properties throughout Massachusetts. The Company also has developed, owned and managed hotels and retirement facilities. In addition to real estate development and ownership, the firm markets, leases and manages all properties within its current portfolio. For further information, visit www.bdg1.com.
About EnCap
Since 1988, EnCap Investments has been a leading provider of growth capital to the independent sector of the U.S. energy industry. The firm has raised 25 institutional investment funds totaling approximately $42 billion and currently manages capital on behalf of more than 350 U.S. and international investors. Founded in 2019, the EnCap Energy Transition platform is led by four Managing Partners, each with 30-35 years of experience in the development and operations of renewables and power generation. For more information, please visit www.encapinvestments.com.
About Actis
Actis is a leading global investor in sustainable infrastructure, delivering competitive returns for institutional investors and measurable positive impact for the countries, cities and communities in which it operates. Actis invests in structural themes that support long-term, equitable growth in defensive, critical infrastructure across energy transition, digitalization transition, and supply chain transformation.
The firm’s decades of global experience, operational know-how and strong culture allows it to create global sustainability leaders at scale. Since inception, Actis has raised $25 billion to invest in a better tomorrow. Actis is a signatory to the United Nations backed Principles for Responsible Investment (UNPRI), an investor initiative developed by the UNEP FI. The firm has consistently been awarded the highest rating score in the UNPRI independent assessment. You can learn more about Actis at www.act.is.
Contacts
Carlos Villacis
Antenna Group for Catalyze
