CVE North America

What CVE North America does

CVE North America, Inc. is the US operating subsidiary of France-based CVE Group, established in 2017 and headquartered in New York City. The company develops, finances, and operates ground-mounted community solar photovoltaic projects — and increasingly solar-plus-battery energy storage systems (BESS) — primarily in Massachusetts and New York, with stated expansion intent into New Mexico and California. As of 2025, CVE had 95 MW of community solar in operation and 40 MW under construction, with a stated target of 450–500 MW operating or under construction by 2026 and CVE Group-level plans to reach 2.7 GW by 2027.

The company's core technology stack centers on ground-mounted solar PV arrays using Solar FlexRack trackers and, most recently, paired BESS (debuting at the 7 MW solar + 13.6 MWh Riverhead Project in New York, expected to generate 12,000 MWh annually). Underlying delivery relies on EPC partners CS Energy and GreenSpark Solar rather than in-house construction, giving CVE an asset-light development model. The Halo sub-brand provides a customer-facing community solar subscription platform, with subscriber enrollment and billing handled through integrations with Ampion, Power Market, and Arcadia, plus a direct self-serve channel at halosolar.com.

CVE's revenue mechanics rest on two pillars: (1) long-dated contracted cash flows from community solar subscribers — households and small businesses receive 5–20% utility bill discounts in exchange for credit pass-through, with Massachusetts subscribers billed at $0.90 per $1.00 of solar credit — and (2) state incentive program receipts (Massachusetts SMART, New York VDER, NYSERDA NY-Sun) that monetize the value stack of each project's energy, capacity, and environmental attributes. The company serves three primary customer segments: landowners and farmers (entering up to 40-year land lease agreements, representing a recurring B2B counterpart), residential households unsuitable for rooftop solar (renters, shaded properties), and low-to-moderate income (LMI) households prioritized under New York programs — with 14,000+ households served across the portfolio, including 3,000+ LMI subscribers in New York alone.

Name

CVE North America

Legal name

CVE North America, Inc.

Website

https://cvenorthamerica.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

CVE North America is a US subsidiary of France-based CVE Group that develops, finances, and operates community solar projects with battery storage in Massachusetts and New York, serving households via the Halo subscription brand and landowners through long-term leases.

Ownership category

akta.pro rank

Product category

Community Solar Development

NAICS

Solar Electric Power Generation (221114)

akta.pro primary industry

Community Solar Development & Subscription Management (EUAMAJAA)

akta.pro secondary industries

Retail & Community PPAs (Community Solar/Shared Renewables) (EUAGADAC), Distributed Generation (DG) Solar & Small Wind (EUAMAJAD)

Keywords

• Community solar development
• Solar project development
• Utility-scale solar
• Solar battery storage
• Community solar subscription

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Community Solar Subscriptions: CVE develops and operates community solar projects. Household subscribers (renters, homeowners with unsuitable roofs) subscribe to a share of a local solar project and receive utility bill credits offsetting their electricity charges. Revenue is earned as savings are passed through via solar credits. Subscribers in Massachusetts receive a $0.90 charge per $1.00 of credit (10% savings); New York subscribers receive 5–20% discounts. Revenue is generated through the difference between the credit value and subscription fee, plus long-term contracted subscriber bases.
2. Land Lease / Purchase Agreements: CVE enters long-term lease agreements (up to 40 years) or purchase agreements with landowners and farmers to host solar projects. Landowners receive dependable recurring income; CVE gains site control for project development and operation.
3. Green Initiative Donations: For every solar panel installed, CVE donates $1 to a local nonprofit organization chosen by community leaders and project location representatives. This is a philanthropic/community investment activity that supports brand and community relations rather than direct revenue generation.
4. Electricity Generation and Sale: CVE generates clean electricity from its solar installations and receives compensation through VDER (New York Value of Distributed Energy Resources) program credits, SMART (Massachusetts Solar Massachusetts Renewable Target) program incentives, and NYSERDA NY-Sun program funding. Revenue from operational and under-construction base grew to €76 million group-wide in 2020.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

CVE North America develops, finances, and operates community solar photovoltaic (PV) power plants across the United States, primarily in Massachusetts and New York. Through its Halo consumer brand, the company sells subscriptions that give households credits on their utility bills without rooftop installation; through landowner partnerships, it secures long-term land leases for ground-mounted solar projects that generate clean electricity sold into state incentive programs.

Product overview

CVE North America operates as a community solar developer offering a portfolio of solar energy products centered on its Halo community solar brand. The core offering includes ground-mounted community solar projects where subscribers receive credits on their utility bills without installing rooftop panels. Additional offerings include solar-plus-storage solutions (BESS), landowner partnership programs, and community initiatives through the Green Initiative and Social Impact Grant program. The company also partners with enrollment platforms Ampion, Power Market, and Arcadia to enable subscriber access.

Differentiator

Problem solved

Functional benefit

Brands

• Halo Community Solar: Customer-facing brand for community solar subscriptions, allowing residents and small businesses to benefit from locally produced solar energy. Customers can save up to 10% on their utility bill without installing panels on their property.

Products and services

• Halo Community Solar Customer-facing subscription service that gives residential and small business customers access to local community solar projects by signing up for a share of a nearby solar array and receiving credits on their utility bills. Designed for renters, condo residents, and homeowners with shaded or unsuitable roofs. No installation, no equipment, no upfront fees, no long-term contracts, and cancel anytime.
• Community Solar Projects Ground-mounted community solar photovoltaic installations developed, financed, owned, and operated by CVE North America at sites of 0.5 MW to 7 MW across Massachusetts and New York, generating electricity sold into state incentive programs (SMART in MA, VDER and NY-Sun in NY) with credits distributed to subscribing households and small businesses.
• Solar + Battery Energy Storage System (BESS) Combined ground-mounted solar array and Battery Energy Storage System that stores excess solar energy during off-peak hours and releases it during peak demand, enhancing grid performance and reliability of local power supply. First deployed at the Riverhead, NY project on a capped landfill.
• Landowner Solar Partnership Long-term land lease or purchase program (up to 40 years) under which landowners and farmers host ground-mounted solar arrays on properties of 20+ acres and receive dependable recurring income. CVE handles all development, construction, operation, and decommissioning, with native vegetation and pollinator-friendly plantings to preserve land value and biodiversity.

Quantifiable outcome

• Subscribers save 5–20% on electricity bills (NY: 5–20% discount; MA: average 10% savings at $0.90 per $1.00 credit)
• +6 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

18 partnerships are on record, tiered minor, core and major.

• Lower Eastside Girls Club (LESGC)minorGTM or Marketing Partner · 1 November 2023CVE partnered with LESGC for a STEM workshop on solar energy and climate change in November 2023. CVE donated $10,000 to support LESGC's programming. Workshop engaged middle school members in design thinking challenges for solar-powered community solutions.
• Questar BOCES (Board of Cooperative Educational Services)minorGTM or Marketing Partner · 1 October 2023CVE hosted students from Questar III BOCES and Hudson Valley Stem High School for an educational day at the Belair solar site in Troy, NY in October 2023. Students toured the 4.9 MW project and learned about solar energy science, engineering, and career opportunities.
• GreenSpark SolarcoreImplementation/ SI/ Consulting Partner · 1 July 2023GreenSpark Solar (founded 2002) serves as EPC partner for CVE's five-project, 26 MW portfolio in New York State (Manlius x3, Wheatfield, Ransomville). GreenSpark has designed, engineered, and built over 200 MW of renewable energy projects in NY. Both companies are B Corp certified. Projects expected to reach operational status in early 2024.
• Urban DoveminorGTM or Marketing Partner · 1 May 2023CVE donated $10,000 to Urban Dove, a NYC nonprofit providing Teamwork, Leadership, and Communication programs to at-risk youth. CVE team visited Urban Dove's Brooklyn school to speak about solar industry career opportunities.
• CS EnergycoreImplementation/ SI/ Consulting Partner · 1 April 2023CS Energy is CVE's engineering, procurement, and construction (EPC) partner for New York community solar projects. The companies broke ground on a 22 MW portfolio of four projects in Western NY in April 2023, and previously completed seven projects together in Massachusetts totaling over 50 MW. CS Energy brings expertise in site optimization, supply chain, and efficient project execution.
• Solar FlexRackcoreTechnology or Integration · 1 April 2023Solar FlexRack provides solar tracking systems for CVE's Western New York community solar projects. All four projects in the 22 MW CS Energy-built portfolio utilize Solar FlexRack solar trackers to optimize energy capture.
• Fayetteville-Manlius High School / Central New York Robotics and Science FoundationminorGTM or Marketing Partner · 1 April 2023CVE sponsored the Robotics Contest at Fayetteville-Manlius High School in April 2023, contributing $2,500. CVE team members attended and presented a 'CVE Pick for Most Creative Robot' award. Workshop on solar industry careers was provided to student participants.
• Saturn PowercoreStrategic or Co-development Partner · 1 December 2022Saturn Power (founded 2007, Baden, Ontario, Canada) sold CVE a portfolio of seven community solar projects in upstate New York totaling 41 MW in December 2022. Saturn developed the projects to Notice to Proceed (NTP) status; CVE acquired and will own and operate the portfolio. Projects participate in NY VDER program.
• Westchester Parks Foundation (WPF)majorStrategic or Co-development Partner · 1 January 2019Since 2019, CVE has partnered with the Westchester Parks Foundation through the 'Adopt a Park' program at Lenoir Preserve in Yonkers, NY. CVE contributes annual donations of $5,000 and regular volunteer days (200+ hours annually) for tree planting, invasive species removal, pollinator garden maintenance, and sugar shack construction.
• AmpionmajorChannel Partner/ Reseller/ DistributorAmpion is a trusted enrollment platform partner for CVE's Halo community solar program, handling subscriber enrollment, account management, and billing integration. Customers subscribe through Ampio's portal to access CVE's local solar projects.
• Power MarketmajorChannel Partner/ Reseller/ DistributorPower Market is an enrollment platform partner for CVE's Halo community solar program, providing secure subscriber onboarding and management infrastructure for household community solar subscriptions.
• ArcadiamajorChannel Partner/ Reseller/ DistributorArcadia provides enrollment platform services for individual CVE community solar projects, managing subscriber accounts and utility bill credit processing. Individual project pages link to Arcadia enrollment portals.
• Local Nonprofit Organizations (Green Initiative Beneficiaries)minorGTM or Marketing PartnerCVE partners with local nonprofits through its Green Initiative, donating $1 per solar panel installed. Beneficiaries include Buzzards Bay Coalition (MA), Berkshire Natural Resource Council, Greenagers, Hilltown Community Ambulance Association, Westhampton Firefighters Association, Friends of the Westhampton Library, Southwick Community Food Pantry, and others.
• Community Solar Access (CCSA)minorGTM or Marketing PartnerCVE North America is a member of the Community Solar Access (CCSA) organization, a trade group advocating for community solar policy and access.
• CHESSA (Clean Heat and Energy Storage Standards Act)minorGTM or Marketing PartnerCVE North America is a member of CHESSA, a state-level industry association focused on clean heat and energy storage standards.
• NYSEIA (New York Solar Energy Industries Association)minorGTM or Marketing PartnerCVE North America is a member of NYSEIA, the New York state trade association for the solar energy industry.
• SEIA (Solar Energy Industries Association)minorGTM or Marketing PartnerCVE North America is a member of SEIA, the national trade association for the US solar energy industry.
• REIA (Renewable Energy Industries Association)minorGTM or Marketing PartnerCVE North America is a member of REIA-NM (Renewable Energy Industries Association of New Mexico), supporting its presence and advocacy in the New Mexico market.

Scale indicators15 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Nexamp: Largest community solar developer in the United States with deep presence in Massachusetts, New York, and other Northeast markets. Operates the same community solar subscription model with utility bill credits, competing directly with CVE NA on the same landowner lease and subscriber economics.
• Summit Ridge Energy: Largest pure-play community solar owner-operator with extensive New York and Illinois portfolios. Competes head-to-head with CVE NA for NY VDER project development, landowner leases, and subscriber acquisition.
• Dimension Energy: Community solar developer focused on the Northeast with similar ground-mounted project economics, SMART and VDER incentive program participation, and subscription-based subscriber model.
• Pivot Energy: National community solar developer with multi-state operations including New York. Competes on the same community solar subscriber value proposition and developer-side economics as CVE NA.
• Solar Landscape: Community solar developer with strong New York and New Jersey footprint. Operates rooftop and ground-mounted community solar projects under similar VDER-style incentive frameworks, targeting overlapping subscriber and landowner pools.
• Hecate Energy: Solar and storage developer with significant New York project pipeline. Competes with CVE NA for NY VDER-eligible sites and increasingly for solar-plus-storage project opportunities in the same geography.
• Greenskies Renewable Energy: Community solar developer and subsidiary of Connecticut Light & Power holding (CWC/IPC), focused on Northeastern states. Operates ground-mounted community solar projects under similar state incentive frameworks as CVE NA.

Broad incumbents

• Clearway Energy Group: Large publicly-traded renewable energy owner-operator with diversified solar, wind, and storage portfolio. While not exclusively community solar, Clearway participates in NY and broader US community solar/utility-scale solar markets, providing a relevant scale benchmark.
• ENGIE (Distributed Solar): Global utility with US distributed solar and community solar operations including in Massachusetts and New York. Larger and more diversified than CVE NA but operates overlapping community solar programs with similar subscriber mechanics.
• Sunrun: Largest US residential solar installer with a national subscription/leasing model (similar recurring-revenue approach to CVE NA's community solar subscriptions). Targets overlapping residential bill-savings customer segment even though the delivery mechanism (rooftop vs. off-site community solar) differs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cve-north-america-

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CVE North America