In a world of climate change and ESG considerations by investors, solar power has gained in importance. Under the Inflation Reduction Act, there were significant expansions of tax credits for solar voltaic installation.
When you see a sector expand, there's the chance it could lead to a business opportunity. That's what warehousing and logistics firm BroadRange Logistics is trying to do. The company has announced that it will unveil its solar industry-focused third-party logistics (3PL) warehouse including new services such as inventory financing and warehousing cost deferrals tailored to all types of solar and clean energy companies.
The company runs nine warehouses across five states, a total of six million square feet. It focuses on short- and long-term warehousing space without contracts or minimums. BroadRange claims that its locations taken together enable it to reach 92% of the U.S. population and 72% of the Canadian population within two days. Customers range from "emerging e-commerce brands" to Fortune companies. It provides inventory warehousing, fulfillment, and value-added services like pack-pack-ship.
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