The Eitri Vision
Electricity is a commodity that has traditionally been created, managed and sold by electrical utilities. However, in times of increasing energy prices and drastic changes in global climate, we wanted to put the control of power and energy generation back into the hands of local communities and the entities that are consuming the electricity.
Eitri Foundry was named after Eitri (pronounced "E-tree"), the dwarf from Norse mythology that had forged Thor’s hammer. Similar to Thor’s legendary hammer, which grants Thor the ability to control lightning, Eitri Foundry aims to develop, finance, engineer, procure and construct projects that grant system hosts the ability to harness electricity to their benefit.
Eitri Foundry was created by a group of like minded individuals who strive to promote the deployment of clean energy technology in a distributed generation and small utility manner. Utilizing their varied backgrounds and experiences, members of Eitri Foundry have recognized various small improvements to a complex transaction that ultimately can stack to vertically integrate into a much more streamlined service and cost effective product to our clients.
Anyone who has worked in the solar industry has seen their fair share of projects stall, falter or even outright unwind a deal. Solar project development has various pitfalls in financing, engineering, permitting or legal structuring. Taking everything that we’ve learned from the past several years of industry experience, Eitri Foundry was formed to mitigate as much risk as possible while still remaining as streamlined as possible.
Solar project development still has to operate within the confines of local regulation, and may be improved by local incentives. Working within the restrictions of regulations while stacking benefits of local incentives makes sure that we are able to deliver a top quality project in the shortest amount of time possible.
In working with real estate owners and agents in developing greenfield projects the past few years has also taught us to look for certain conditions within properties. Understanding the requirements around interconnection, environment, civil works and sub-surface conditions help us to reduce the risk of running into obstacles throughout the development process.
Having a full team of electrical engineers allows us to tackle technical issues and solve challenging problems in house. Beyond reactionary problem solving, our team of engineers also look to improve system design for longevity, durability and reliability.
From a financing perspective, Eitri Foundry partners up with investors and groups who have a deep understanding of the implications and structures available for long term owner operators.
While Eitri Foundry tries to take on as much responsibility as possible to reduce execution risk, we understand that a critical component to making these projects work is the support and cooperation from local communities and professional partners. We prefer to look at every project as a partnership rather than as a transaction between a client and service provider. By upholding transparency as one of our core values, we strive to create long, sustainable, and mutually beneficial relationships with each partner we work with.
These are just a few of the programs we have implemented in the past and plan on continuing to integrate:
• Hands-on educational programs – Our team works with local educational facilities and career centers to integrate local community members on the job site during construction to gain real-world experience from site preparations all the way through electrical commissioning. Our program provides the opportunity to learn skills at every step along the way and contribute in a meaningful way to the build-out of the project. This program can lead to renewable energy certifications and provide a huge leg up in the job market.
• “Sunny Honey” – One of our core values is ecological sensitivity; our goal is to leave the Earth in a better state than we inherited it. In addition to generating clean electricity, our design approach has integrated the use of pollinator-friendly sites. Simply put, we plant a native wildflower mix instead of dirt, grass, or gravel, which provides supportive habitats for local bees and other pollinator species. With this habitat in place, we open up our sites to local beekeepers and apiary clubs to expand their presence in an environment that helps their hives flourish. In addition to supporting the local ecology, this provides an additional income stream to our bee-loving friends from the production and sale of this local “sunny honey.”
• Live Site Monitoring – One of the technical components present at each Eitri site is a 360 degree controllable camera. We integrate this tool to not only provide security monitoring on the site, but to allow access for local weather monitoring teams, as well as providing the opportunity to be used as an educational tool by local schools. Weather monitoring can have open access to watch storm conditions unfurl in real-time, helping to prepare local citizens for any potentially hazardous weather. Educators can utilize the live-stream and construction time-lapses to teach students about solar energy, how it works, and why it is important with the benefit of knowing it is right in their backyard and providing power to their community.