Norwich Technologies launches new development arm Breakaway Renewables

Norwich Technologies, the parent company of subsidiaries Norwich Solar (EPC), RunTime Solar (O&M) and NorwichEV, is pleased to announce further diversification of operations for strategic growth and greater impact in the renewable energy sector, providing service under the new Breakaway Renewables company brand. Historically the company had focused on vertical integration, working as the EPC contractor primarily on projects that it has developed in-house. This new division strengthens the opportunities for the company to develop renewable projects for other companies’ portfolios.

Since Norwich Technologies founding in 2011, it has successfully developed and installed over a hundred solar projects throughout Vermont, New Hampshire and Maine. By establishing separate Development/Financing and EPC (engineer, procure and construct) divisions, Breakaway Renewables and Norwich Solar respectively, are expanding and strengthening their offerings of proven development/finance and EPC processes throughout New England and beyond. More opportunities will be available from both divisions’ expertise. Breakaway Renewables, in particular, will increase its site acquisition and evaluation, permitting, design and financing opportunities for its business partners.

As part of the Norwich Technologies family, Breakaway Renewables remains dedicated to the company’s values. Norwich Technologies strives to rapidly advance the integration and deployment of affordable clean energy and technology solutions to help companies and organizations improve their Triple Bottom Line (Financial, Social and Environmental) while moving communities towards a fossil-free energy future. Norwich Technologies became a Certified B-Corp in 2023 and all divisions share the ethos of stakeholders-first approach, using the business as a force for positive impact on the environment, climate change and people, while delivering maximum value.

“Our roots as an integrated Developer/Finance/EPC organization have allowed us to foresee and mitigate potential challenges,” said Martha Staskus, chief development officer. “We’ve developed a successful proprietary process to bring projects to fruition. Combined with strong relationships with our stakeholders, we have developed quality renewable energy generation projects.”

News item from Norwich Renewables