Altus Power

Stamford, CT

Altuspower.com

Company Summary

Altus Power delivers savings and sustainability benefits to its rapidly growing pool of commercial, public sector, and community solar customers. Altus serves its customers by offering locally-sited solar generation, energy storage, and EV-charging stations across the U.S. 

Keywords of Interest

Mergers and acquisitions

Corporate Financing

Ancillary Signals

Since its founding in 2009, Altus has constructed or acquired more than 200 distributed generation solar facilities totaling more than 265 MW from Vermont to Hawaii. The company has a tendency to grow via acquisition as a method of expanding its geographic footprint.

In March, 2022, Trammell Crow Company (TCC) and Altus Power formed a strategic partnership to bring clean electrification solutions to real estate development projects. TCC is the nation’s largest commercial real estate developer.

In October, 2021, Altus acquired a 9.9MW solar generation project in Sussex County, New Jersey.

Borrego Solar Systems, Inc

San Diego, CA

Borregosolar.com

Company Summary

Borrego is a leading developer, EPC and O&M provider accelerating the delivery of large commercial, community solar, and utility-scale solar and energy storage projects in the United States.

Keywords of Interest

Fundraising

Venture Capital

Ancillary Signals

Following 3 early-stage funding rounds in 2009, Borrego has not been active in the capital markets, other than a $700k grant raise in 2017. Borrego’s top competitors SolarCity, led by Elon Musk, who is their co-founder and CEO. In order to remain competitive in the marketplace, Borrego is likely looking at early-stage acquisition targets and growth financing.

In March, 2022 Borrego sold northeastern solar and storage assets – including two New York City projects to Greenbacker Renewable Energy Company.

RBI Solar

Cincinnati, Ohio

https://www.rbisolar.com/

Company Summary

RBI Solar Designs, Engineers, Manufactures and Installs solar mounting systems for commercial and utility scale solar projects. We specialize in fixed-tilt ground mount, single-axis tracker, carport/canopy, ballasted landfill and roof mount solutions.

Avg Score – 70

Keywords of Interest

Mergers and Acquisitions

Ancillary Signals

In June, 2015, RBI Solar was acquired by Gibraltar Industries as a strategic business unit. Prior to the acquisition, RBI added manufacturing facilities in California, North Carolina, and a second site in Ohio. 

In August, 2018, RBI acquired SolarBOS, a provider of PV electrical balance of systems (BOS). This strategic acquisition will be integrated throughout RBI’s lineup.

Voltaic Systems

Brooklyn, New York

https://voltaicsystems.com/

Company Summary

Voltaic Systems is a portable power company. A drained phone in the middle of Spain led their founder to design the first solar backpack. Since then, the number and types of electronic devices they use has multiplied and their relationship with them has expanded.

Keywords of Interest

Venture Capital

Mergers and Acquisitions

BrightNight

Inlet Beach, Florida

https://brightnightpower.com/

Company Summary

BrightNight is the first renewable integrated power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions. The Company works with customers across the U.S. and Asia Pacific to design, develop, and operate safe, reliable, large-scale, hybrid renewable power projects.

Keywords of Interest

Raising Capital

Investment Banking

Ancillary Signals

Per the CEO, BrightNight is currently interviewing bankers for a capital raise supporting projects in India.