Ray of light: Cherry Street Energy and Synovus partner on environmental sustainability

Ray of light: Cherry Street Energy and Synovus partner on environmental sustainability

Cherry Street Energy harnesses the power of sunshine as an energy provider, shaping how people think about renewable energy. And their partnership with Synovus symbolizes more than the bank's financial investment in 2024 to help the company expand its services - it represents mutual purpose, motivated by innovation and a shared commitment to sustainability.

"Cherry Street is the largest renewable energy provider in Georgia, and we sell electricity from solar panels to businesses, manufacturers, municipalities and institutions, such as schools and nonprofits across the southeast," Cherry Street CEO Michael Chanin explains. The company installs, owns and maintains solar power infrastructure for their customers, offering an alternative to traditional power sources that come with savings, too.

"At Synovus, we understand the importance of being more environmentally responsible and using sustainable practices," Chris Schoonover, executive director, corporate real estate, says. "Although the bank offers specialized banking solutions for the renewable energy sector, we also saw the opportunity to engage Cherry Street's services to enhance our operational efficiency." Solar panels help power one of the bank's data centers in Columbus, Georgia.