It’s been a busy week for our portfolio companies! A few highlights below: RENEW Energy Partners, which helps building owners fund major energy efficiency upgrades and new clean energy systems, announced the successful sale of its energy tax credits to a private buyer that will enable them to unlock new capital to accelerate clean energy projects. 🚗Fleet electrification provider Revolv secured EnergIIZE grant funding for two of its California customers to cover 70% of the total infrastructure costs. ⚡Utility-scale energy storage development company Lightshift Energy has joined the Power Emissions Certificates Alliance (PECA) and signed the United Nations 24/7 Carbon-Free Energy Compact. ☀️Sunstone Credit, a commercial solar loan platform, revealed that it plans to finance the $1M transition to solar power for Bonnell Motors, a Ford dealership in Winchester, Massachusetts. Make sure to follow the portfolio companies to keep up-to-date on all of their announcements!
Greenbacker
Financial Services
New York, NY 14,645 followers
Empowering a sustainable world by connecting individuals and institutions with investments in clean energy.
About us
Greenbacker Renewable Energy Company is an independent power producer (IPP) and a leading climate-focused investment manager (IM), whose mission is to empower a sustainable world by connecting individuals and institutions with investments in clean energy. Since our founding in 2011, we’ve grown to over 180 employees in four offices—New York City, Portland, ME, Denver, CO, and Montpelier, VT—and other individual locations across the US, and have positioned ourselves as a market leader in energy transition, renewable energy, and sustainable infrastructure investments. Greenbacker’s IPP business segment acquires, owns, and operates income-producing clean energy infrastructure projects (e.g., solar energy, wind power, energy storage) in communities across the country. These assets sell power under long-term contracts to high-credit-quality counterparties, including utilities, municipalities, and corporations. As of 2023, our IPP fleet comprises over 450 projects, representing 3.4 gigawatts of total clean energy production and storage capacity. Within our IM business segment, Greenbacker Capital Management (GCM) serves as the registered investment adviser to five funds focused on green power generation and the energy transition, including private equity investment in growth-stage clean energy companies, across a wide range of sustainable infrastructure and renewables sectors. Greenbacker is committed to the full inclusion of all qualified individuals. As part of this commitment, Greenbacker will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Nicole Giangiulio (nicole.giangiulio@greenbackercapital.com). Please visit www.greenbackercapital.com to learn more about our company, mission, team, and portfolios.
- Website
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https://greenbackercapital.com/
External link for Greenbacker
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2011
- Specialties
- Renewable Energy Projects, Solar Energy Projects, Wind Energy Projects, Co-Generation Projects, Energy Efficiency, and Investment Management
Locations
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Primary
230 Park Ave
Suite 1560
New York, NY 10169, US
Employees at Greenbacker
Updates
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Congratulations to Sunrock Distributed Generation on the appointment of co-founder Claire Broido Johnson as President and Head of Origination. A member of Sunrock’s Board of Directors, Claire brings vast experience in the solar and climate tech space that will help scale the business to bring renewable solar energy to more businesses across the U.S. Read more about Claire’s appointment here:
We are thrilled to announce the appointment of Claire Broido Johnson as our President and Head of Originations. Co-founding SDG in 2022 and serving on its board of directors since then, Claire will now lead the company's business development and originations. Read more about how her leadership will be pivotal for achieving Sunrock's mission to evolve solar & distributed generation into a cornerstone of economic growth for businesses of all sizes: https://lnkd.in/eQHGizmM Claire will be working closely with SDG executives Wilson Chang, Catherine Lee Plecki, Alan Robertson and our investor Greenbacker to unlock access to solar and storage for businesses, non-profits and educational institutions. #solar #gosolar #startup #renewablenews #solarexperts #womeninleadership #womeninclimate #distributedenergy
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Greenbacker reposted this
We are proud to be part of Utah's dynamic energy mix, something that PBS Utah is highlighting in their "Utah's Power Pivot" series. First up -- solar power in Carbon and Emery County! Home to Greenbacker 's Graphite Solar and our Green River Energy Center, these historic energy communities showcase Utah’s growing innovation and commitment to energy independence. Thank you RaeAnn Christensen and Kelton Wells for producing this thoughtful piece and Tony Martines for sharing your insights. Watch the video here: https://lnkd.in/gWZFgPFJ #MoreThanCurrent #Utah #Energy #Solar
Solar in Carbon & Emery Counties [FULL EPISODE: Utah's Power Pivot]
https://www.youtube.com/
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Once just regarded as small rooftop solar assets, the distributed generation sector is becoming the target of #infrastructurefunds in the US. We find out why. Zak Bentley #Renewables #GPs #Energy #EnergyTransition
Why distributed generation is becoming the next transition play
infrastructureinvestor.com
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Join us in extending a warm welcome to Ron Stimmel, who has joined Noria Energy as CEO to supercharge growth and strategic partnerships as the global floating solar PV market continues to grow. “Ron’s strategic vision and expertise will be invaluable as we continue to grow and evolve in the floating solar market,” Greenbacker Principal and Noria board member Quinn Pasloske said. “We are confident that under his leadership, Noria is well positioned to grow and drive innovative advancements.” More on how Noria is spearheading the next generation of renewable energy projects to generate long-term value for businesses and communities:
Noria Energy Appoints Ron Stimmel as Chief Executive Officer to Lead the Company’s Next Phase of Strategic Growth and Innovation
globenewswire.com
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And that’s a wrap! Greenbacker Principal Quinn Pasloske joined Reuters Global Energy Transition 2024 to discuss the sweet spot of energy transition investing. Alongside Apollo Global Management, Inc., Blackstone, HASI and Weil, Gotshal & Manges LLP, Quinn shared Greenbacker’s approach to finding the next investments in battery storage, waste-to-value, biofuels, utility-scale solar and more. “While your stable assets are more accretive now, there's a lot more capital piling into that that is driving the top of the range down,” Quinn told the audience. “We are having to evolve in our thinking and go after some of these leading-edge industries and asset classes that we think are going to be in vogue in two or three years.” Thank you to Reuters for the invite; we’re already counting down to next year’s event! 🌍 #GET24
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Greenbacker's employee resource group, GreenbackQueer, recently sponsored an interoffice celebration in honor of Pride month. At the end of the workday, Greenbackers across all office locations enjoyed refreshments, including the historically significant "Anita Bryant" cocktail. GreenbackQueer supports LGBTQIA+ interests, culture, and community, and aims to create space for both members of (and allies to) the queer community at Greenbacker.
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Greenbackers at our Vermont office recently participated in the annual Green Up Vermont Day event, where volunteers dedicated their time to promote stewardship of natural landscape and waterways. This is the fifth year Greenbacker has participated, and the team collected approximately 1,000 pounds of trash to help beautify Roxbury Mountain Road. #VTO
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With the first close of its equity raise, hydropower redeveloper Relevate Power secures $15M led by Greenbacker and Aegon Real Assets, an affiliate of Aegon Asset Management to triple its footprint by the end of 2024.
Relevate Power Secures $15 Million Initial Investment from Greenbacker Capital Management and an affiliate of Aegon Asset Management
globenewswire.com