Lightsource BP Renewable Energy Investments
Acquisition in 2023
Lightsource BP is a global leader in the development, acquisition, and management of large-scale solar energy projects. Specializing in utility-scale solar project development, the company excels in its in-house planning and operational capabilities, allowing it to act as both the owner and manager of its projects. By collaborating with utilities, businesses, local communities, and governments, Lightsource BP addresses the increasing demand for affordable and sustainable energy. The company is committed to delivering competitively-priced, reliable clean energy solutions and aims to deploy at least 8GW of solar capacity worldwide in the coming years. Its focus on solar and smart energy solutions positions Lightsource BP as a significant contributor to the future of global energy delivery.
5B Australia
Series B in 2022
5B Australia Pty Ltd, founded in 2013 by solar engineers Chris McGrath and Eden Tehan, specializes in the engineering, procurement, and construction of large-scale solar farms. Based in Alexandria, Australia, the company has developed an innovative prefabricated solar array technology known as MAVERICK, which allows for rapid deployment and installation by small teams. This accordion-style design revolutionizes traditional solar farm construction by enabling a shift from unpredictable field environments to controlled factory settings, enhancing efficiency and quality control while reducing risks. 5B's commitment to innovation has led it to shape the future of clean energy and make it more accessible and competitive globally. The company has worked on over 140 projects worldwide, focusing on transforming the solar supply chain and supporting a global transition to sustainable power solutions. The name "5B" reflects the vast energy potential of the planet, emphasizing the need to harness solar power efficiently. As it continues to expand its partnerships and project deployments, 5B aims to provide the fastest, safest, and most cost-effective solar array solutions for its customers.
Lightsource BP Renewable Energy Investments
Corporate Round in 2017
Lightsource BP is a global leader in the development, acquisition, and management of large-scale solar energy projects. Specializing in utility-scale solar project development, the company excels in its in-house planning and operational capabilities, allowing it to act as both the owner and manager of its projects. By collaborating with utilities, businesses, local communities, and governments, Lightsource BP addresses the increasing demand for affordable and sustainable energy. The company is committed to delivering competitively-priced, reliable clean energy solutions and aims to deploy at least 8GW of solar capacity worldwide in the coming years. Its focus on solar and smart energy solutions positions Lightsource BP as a significant contributor to the future of global energy delivery.
MIT Energy Initiative
Venture Round in 2012
The MIT Energy Initiative (MITEI) is a research and education organization dedicated to addressing global energy challenges through multidisciplinary approaches. Established based on recommendations from the 2006 Report of the Energy Research Council, MITEI focuses on fostering collaboration across academic disciplines and with industry partners. The initiative aims to develop clean energy technologies and solutions, including carbon capture, utilization, storage, electric power systems, energy bioscience, energy storage, materials for energy and extreme environments, advanced nuclear energy systems, nuclear fusion, and solar energy. Additionally, MITEI works on enhancing the energy efficiency of MIT's campus through student-led projects and engages in policy outreach to provide technically grounded analysis.
BrightSource
Series F in 2012
BrightSource Energy, Inc. is a solar thermal technology company that specializes in designing, developing, and selling systems for utility-scale electric power plants both in the United States and internationally. The company utilizes fields of tracking mirrors, known as heliostats, which are controlled by proprietary software to concentrate sunlight onto a solar receiver/boiler unit, producing high-temperature steam. This steam can be harnessed for electricity generation via conventional steam turbines or for industrial applications, such as thermal enhanced oil recovery. In addition to its core technology, BrightSource provides comprehensive project development services that include site acquisition, permitting, and interconnection to the electrical grid. The company targets utility-scale solar thermal power project owners, contractors, and oil production companies, fostering strategic partnerships with notable firms in the industry. Founded in 2004 and headquartered in Oakland, California, BrightSource aims to offer low-cost, reliable clean energy solutions that help reduce dependency on fossil fuels.
Abound Solar
Private Equity Round in 2010
Abound Solar produces next-generation, thin film photovoltaic modules intended to deliver the lowest levelized cost of electricity.
BrightSource
Series C in 2008
BrightSource Energy, Inc. is a solar thermal technology company that specializes in designing, developing, and selling systems for utility-scale electric power plants both in the United States and internationally. The company utilizes fields of tracking mirrors, known as heliostats, which are controlled by proprietary software to concentrate sunlight onto a solar receiver/boiler unit, producing high-temperature steam. This steam can be harnessed for electricity generation via conventional steam turbines or for industrial applications, such as thermal enhanced oil recovery. In addition to its core technology, BrightSource provides comprehensive project development services that include site acquisition, permitting, and interconnection to the electrical grid. The company targets utility-scale solar thermal power project owners, contractors, and oil production companies, fostering strategic partnerships with notable firms in the industry. Founded in 2004 and headquartered in Oakland, California, BrightSource aims to offer low-cost, reliable clean energy solutions that help reduce dependency on fossil fuels.
Green Mountain Energy
Private Equity Round in 2000
Green Mountain Energy Company, founded in 1997 and headquartered in Austin, Texas, specializes in the generation and distribution of alternative energy. The company offers electricity products sourced from clean, renewable resources such as wind and solar, catering to residential and commercial clients seeking sustainable energy solutions. In addition to energy supply, Green Mountain Energy provides solar panel systems and carbon offset products, enabling customers to reduce their carbon emissions and work towards achieving a zero-carbon footprint. Through its services, the company promotes sustainability efforts and environmental benefits for homes and small businesses alike.