PsomasFMG

About PsomasFMG

Luminace operates as the North American decarbonization-as-a-service platform for its parent company, Brookfield Renewable. The company was formed in 2021 through the consolidation of several solar distributed generation entities that Brookfield Renewable had acquired, including PFMG Solar. Prior to this, in 2015, PsomasFMG, a Southern California solar power developer founded in 2009, had rebranded to PFMG Solar.

The firm delivers end-to-end clean energy solutions to a diverse client base that includes educational, commercial, industrial, utility, and municipal sectors across North America. Luminace's business model is centered around providing fully integrated decarbonization solutions with no upfront capital expenditure for its customers. This is achieved by financing, developing, owning, and operating renewable energy facilities on behalf of their clients. The company generates revenue through long-term power purchase agreements and other offtake arrangements for the clean energy produced. This structure allows clients to monetize underutilized assets like rooftops and land while receiving predictable, reduced energy costs.

The core service is providing turnkey renewable power installations, primarily through on-site and off-site solar facilities. Beyond solar, the portfolio of offerings includes battery energy storage systems, energy efficiency upgrades and retrofits, and electric vehicle (EV) charging infrastructure. This suite of services positions Luminace as a single-source provider for organizations aiming to achieve sustainability and decarbonization goals. The company manages all stages of project development, from financing and engineering to construction and long-term operation and maintenance, ensuring seamless integration into a client's existing operations. With a significant portfolio of distributed energy resources, the company serves over 10,000 customers across the United States, Canada, and Puerto Rico.