Accelergen Energy announces $30 million in financing
In Texas, Accelergen Energy, a greenfield energy developer of utility-scale solar, solar plus storage and standalone storage projects, announced the close of $30 million in growth capital from Leyline Renewable Capital.
The $30 million in growth capital from Leyline will be utilized to develop a multi-gigawatt pipeline of solar and storage projects. In addition, the newly raised funds will be used to build a development team including grid and market analytics, project development, engineering and finance to support Accelergen’s rapid growth, the firm said.
“A key aspect of Accelergen’s approach involves bringing experienced grid and commercial analytics in-house as a strategic advantage,” said Thomas Houle, co-founder and chief executive officer, Accelergen Energy. “Our ultimate goal is to help accelerate the energy transition to zero carbon power generation, by bringing premium projects located in sustainably robust grid locations to long-term investors and/or owners of operating projects.”
“Our goal in returning to greenfield development and to be a part of building the next wave of solar and storage projects has been a long time coming,” said Josh Skogen, co-founder and senior vice president of development at Accelergen. “We look forward to working with Leyline and appreciate their expertise in helping companies in renewable energy drive ventures to profitability.”
