Screenshot 2022 06 06 114031

Predictive Insights: Week of June 6th, 2022

Terra-Gen

New York, NY

Company Summary

Terra-Gen is an established company with over 25 years of experience in their field. With $25 billion in assets under management over its career, Terra-Gen is able to manage over 10,000MW of power generation facilities, and 1.3GW of solar, wind, and energy storage facilities. They supply wind, solar, and geothermal energy generation services.

Ancillary Signals 

Terra-Gen was acquired by Energy Capital Partners in February 2015 for over $13 billion dollars. Since then they have utilized this money in sub-sectors and investment platforms. Terra-Gen is also funded by First Sentier Investors in Aug 2020, a firm with over $176 billion in investments globally. On their website it says that they are “positioned for more growth”. 

 

Key Data Points
Founded 2007
Headcount 101-250
Funding to Date $13b
Last Round
Last Round of Investors Corporate Round 2020
Estimated Revenue $25-100M
CEO James R. Pagano

Apex Clean Energy

Charlottesville, VA

Company Summary

Apex Energy produces wind and solar power clean energy in private and public sectors. They develop, construct, and operate their projects. They are value driven and work to provide their services at scale. They have supplied power to many recognized corporations, utility servicers, and public facilities under long-term contracts. Apex Clean Energy remains a partner in the years following any of their projects, bringing jobs, revenue, and community to wherever they have worked. With projects in more than 20 states, community projects, exponential growth in its renewables portfolio, and green development, Apex Clean Energy is recognized in their industry.

Ancillary Signals 

Apex Clean Energy has frequent and large funding over the past several years. These often occur every few months. Their last round of funding was in January 2021 for $75M, by ZOMA Capital and Plexus Solutions. They have a total of 837.7M in funding. There are many investors, and they invest in varied ways, recently through debt funding. They are active in their press releases and are looking to expand their business and portfolio.

Key Data Points
Founded 2009
Headcount 250-500
Funding to Date $837.7M
Last Round Jan 2021
Last Round of Investors Credit Facility Financing Agreement – Helaba
Estimated Revenue $25-100M
CEO Mark Goodwin

Eligo Energy

Chicago, IL

Company Summary

Elligo is based in Illinois and mostly serves residential and commercial energy needs by generating and supplying electricity. They are licensed in a few states along the east coast, also including Texas. They partner with brokers and affiliates throughout the country. Eligo Energy is similar to a small business or mom-and-pop shop. It is fast growing and has two co-founders.

Ancillary Signals 

The last round of funding was in April 2020, for a total of $1m-$2m through debt in the PPP Cares Act, by the U.S Small Business Administration. Before this they received a $5.2m funding round through venture capital in the year 2014. 

Key Data Points
Founded 2012
Headcount 11-50
Funding to Date $25m-$100m
Last Round $1m-$2m
Last Round of Investors PPP Cares Act 2020
Estimated Revenue $25-100M
CEO Ken Pedotto

Cogenra Solar Inc

Fremont, CA

Company Summary

Cogenra specializes in commercial-scale solar cogeneration projects. They provide solar energy projects to industrial, educational, corporate, and healthcare facilities. Their hope is to bring greater adoption of solar and ultimately renewable energy across North America. Costs of solar are less than fossil fuels, a promise of Cogenra Solar.

Ancillary Signals 

There was a merger/acquisition in August 2015. Cogenra received a grant of $2 million dollars in 2014, likely from the government or a federal agency. There was a series of fundings in 2010. They are a privately held solar company and their Founder and CEO moved from the company in 2015. Their last press release was in September 2016 regarding intellectual property.

Key Data Points
Founded 2009
Headcount 11-50
Funding to Date $2m+
Last Round 2015
Last Round of Investors M&A 2015
Estimated Revenue <$1M
CEO Gilad Almogy

Perpetual Power

Screenshot 2022 06 06 114031
Newport Beach, CA

Company Summary

Perpetual Power specializes in product design, and implementation of solar projects. They focus on reducing system costs of energy portfolios. High quality materials and proper planning and field experience result in cost-saving for the client. Perpetual Power is a collaboration company focusing on mounting and deployment systems for large-scale projects.They provide services for firms with projects up to $1M. Perpetual Power offers all services from finance, system development, design management, permitting process, construction and maintenance over the course of the agreement

Ancillary Signals 

There are no recent transactions that can be found on P2 Perpetual Power, however they do list that they work on projects up to $8M in valuation. 

Key Data Points
Founded 2006
Headcount 11-50
Funding to Date
Last Round
Last Round of Investors
Estimated Revenue <$5M
CEO Paul Townsend

 

The post Predictive Insights: Week of June 6th, 2022 appeared first on Solar Power Investor.

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