Generate Capital
Generate Capital is a privately held sustainable infrastructure investment and operating platform that integrates project development, structured financing, asset ownership, and operations across power, mobility, waste, green digital, water, and agriculture/industrial decarbonization sectors, serving developers, corporates, municipalities, and institutional investors with $9B+ AUM.
- Company typePrivate
- Founded2014
- HeadquartersSan Francisco, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Generate Capital does
Generate Capital, PBC is a privately held sustainable infrastructure investment and operating platform founded in 2014 and headquartered in San Francisco, structured as a Delaware Public Benefit Corporation. The company integrates project development, structured financing, asset ownership, and long-term operations into a single counterparty model, deploying capital across six sectors: power, mobility, waste, green digital infrastructure, water, and agriculture/industrial decarbonization. As of late 2025, Generate has raised more than $14-16 billion cumulatively and manages over $9 billion in assets across credit and equity strategies, operating 2,000+ assets globally including 430+ MW of community solar.
The company's product surface spans credit financing (sustainable infrastructure credit platform with $2.4B+ deployed), tax-equity and structured project finance (community solar, RNG, green steel, data center power), direct asset ownership and operations through subsidiaries (Generate Upcycle for organic waste-to-RNG, esVolta for battery storage), and integrated infrastructure solutions such as the BYOP&C (Bring Your Own Power & Cooling) data center offering developed in partnership with Vertiv. Revenue is generated through four primary streams: credit investment returns (interest on sustainable infrastructure loans), equity investment returns, management fees on third-party institutional capital, and direct asset operations. Pricing is bespoke and deal-by-deal rather than standardized.
Generate's go-to-market is direct institutional and enterprise sales, targeting infrastructure developers seeking capital and operational capabilities, corporate energy consumers pursuing renewable procurement, municipalities and governments deploying clean infrastructure, and mid-to-large infrastructure operators. The customer base is anchored by major institutional LPs — CalSTRS, HESTA, QIC, AustralianSuper — which participated in the $1.5 billion January 2024 equity raise, and by a 14-bank corporate lending syndicate led by J.P. Morgan that provided a $1.2 billion sustainability-linked credit facility in November 2024. In September 2025, founder Scott Jacobs was succeeded as CEO by David Crane, former U.S. Department of Energy Under Secretary for Infrastructure and former CEO of NRG Energy, marking a strategic pivot toward federal-policy-aligned and large-load (data center, hydrogen, industrial decarbonization) infrastructure.
Generate Capital firmographics
Firmographics- Name
- Generate Capital
- Legal name
- Generate Capital, PBC
- Website
- https://generatecapital.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Generate Capital is a privately held sustainable infrastructure investment and operating platform that integrates project development, structured financing, asset ownership, and operations across power, mobility, waste, green digital, water, and agriculture/industrial decarbonization sectors, serving developers, corporates, municipalities, and institutional investors with $9B+ AUM.
- Ownership category
- akta.pro rank
Generate Capital industry classification
Industry- Product category
- Sustainable Infrastructure Investment & Development
- NAICS
- Other Investment Pools and Funds (5259)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Environmental & Resource Efficiency Funds (Water, Waste, Recycling, Efficiency) (FSANAEAE)
- akta.pro secondary industries
- Capital Planning, Portfolio Prioritization & Funding (EUANALAB), Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), Municipal Finance, Treasury, Budget & Procurement (BPAIACAC), Infrastructure & Project Finance Development Banks (FSABAKAD)
Keywords
Where Generate Capital is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Generate Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Credit Investment Returns: Interest payments from credit investments in sustainable infrastructure projects
- Equity Investment Returns: Returns from equity ownership in sustainable infrastructure assets
- Management Fees: Fees from managing third-party capital for institutional investors
- Asset Operations: Revenue from owning and operating assets across the portfolio
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Generate Capital product offering
Product offeringCore offering
Generate Capital is a sustainable infrastructure investment and operating platform that develops, finances, owns, and operates physical infrastructure assets across power, mobility, waste, green digital, water, agriculture, and industrial decarbonization. It offers credit and equity investment products to institutional investors, project financing to infrastructure developers, and integrated operating solutions (community solar, battery storage, organics-to-RNG, green data centers) to corporate and municipal customers, deploying capital across the full lifecycle of sustainable infrastructure.
Product overview
Generate Capital is a multi-strategy sustainable infrastructure investment and operating platform that builds, owns, and operates critical infrastructure assets. The company offers integrated financing, ownership, and operational services across six sectors: power, mobility, waste, green digital, water, and agriculture, and industrial decarbonization. Key products include the Generate Upcycle platform (organic waste RNG), community solar portfolios (430+ MW), BYOP&C data center infrastructure solutions, and sustainable infrastructure credit financing. The platform combines deep investment expertise with hands-on operating capabilities to deliver reliable, affordable, and lower-carbon power solutions to communities, corporations, and data centers.
Differentiator
Problem solved
Functional benefit
Brands
- Generate Upcycle: A renewable natural gas and electricity production platform providing integrated organic waste solutions to public and private partners, with facilities across Canada, the United States, and the United Kingdom.
- Generate NY Community Solar
Products and services
- Generate Upcycle Platform
- Community Solar Portfolio
- BYOP&C (Bring Your Own Power & Cooling)
- Sustainable Infrastructure Credit Platform
- esVolta Battery Storage Platform
- Generate NY Community Solar
- Green Hydrogen Project Financing Program
- Soluna Green Data Center Credit Facility
Quantifiable outcome
- Reduced time-to-operation for sustainable infrastructure projects
- +1 more outcomes
Companies that use Generate Capital
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles5 records
Generate Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Generate Capital partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- VertivcoreStrategic collaboration on BYOP&C (Bring Your Own Power & Cooling) for data centers. Joint development of innovative power and cooling solutions for data center infrastructure.
- Better Future FarmsminorHydroponic greenhouse in Louisa County. Development of sustainable agriculture facility.
- McKinstrycoreViridis Initiative for energy-as-a-service. Strategic partnership for energy efficiency and decarbonization solutions.
- esVoltacoreBattery storage developer acquisition. Expands capabilities in energy storage sector.
- StormFisher Environmental ServicescoreAcquisition expanding organic waste processing capabilities. Strategic acquisition in waste-to-energy sector.
Scale indicators7 records
Recent moves9 records
Expansion highlights6 records
Generate Capital competitors and assessment
Company assessmentBroad incumbents
- Blackstone Infrastructure Partners: Blackstone Infrastructure is one of the largest private infrastructure platforms and competes with Generate for institutional mandates. Kaitlin Bergan, Generate's Principal of Capital Formation, previously ran BlackRock's Sustainable Client Solutions, Americas.
- IFM Investors Global Infrastructure Fund: IFM Investors runs large global infrastructure funds with pension-fund LPs and invests in energy, digital, and transportation infrastructure. Stephanie Kwong, a Principal at Generate, previously held investment roles at IFM Investors.
- Brookfield Asset Management (Renewable Power & Transition): Brookfield's Renewable Power & Transition group manages tens of billions in sustainable infrastructure assets and competes directly with Generate for institutional capital and renewable project opportunities. Board member Valerie Hannah previously led Brookfield's distributed energy business.
- Macquarie Asset Management (Green Investment Group): Macquarie's Green Investment Group is one of the largest dedicated green infrastructure investors globally, with overlapping focus on solar, storage, and hydrogen. Laxman Ramu, Generate's Managing Director of Investments, joined from Macquarie Asset Management.
- KKR Global Infrastructure: KKR operates a multi-billion-dollar global infrastructure equity and credit platform with thematic exposure to digital infrastructure and the energy transition. KKR's credit platform is a direct comparable to Generate Capital's sustainable infrastructure credit strategy.
Direct peers
- Energy Capital Partners: Energy Capital Partners is a dedicated power and infrastructure private equity firm investing across energy transition and digital infrastructure verticals with a comparable build-own-operate philosophy to Generate Capital.
- Activate Capital: Activate Capital is a growth-stage climate infrastructure investor founded by Raj Atluru, who sits on Generate's board. Both funds target sustainability-focused infrastructure with overlap in renewable power and clean technology investments.
- Capital Dynamics (Clean Energy Infrastructure): Capital Dynamics' Clean Energy Infrastructure fund invests in mid-market renewable power projects and is comparable to Generate's distributed generation, community solar, and credit strategies across the renewable value chain.
- Stonepeak Infrastructure Partners: Stonepeak is a private infrastructure investment firm with overlapping focus on energy transition, transport, digital, and industrial decarbonization, serving a similar institutional LP base with both credit and equity strategies.
Emerging players
- Coalition for Green Capital: CGC builds public green banks and is led by Richard Kauffman, who simultaneously serves as Chair of Generate's Board. CGC and Generate share a public-benefit orientation and complement each other in deploying capital to under-served sustainable infrastructure markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Generate Capital social profiles
Digital presenceGenerate Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Generate Capital leadership team
Management profileNumber of profiles
Profiles27 records
Generate Capital subsidiaries and ownership
Company hierarchySubsidiaries3 records
Generate Capital funding detail
Funding detailFunding overview
Funding rounds9 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Generate Capital M&A and investment
M&A and investmentM&A3 records
Investments26 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Generate Capital
What does Generate Capital do?
Generate Capital is a sustainable infrastructure investment and operating platform that develops, finances, owns, and operates physical infrastructure assets across power, mobility, waste, green digital, water, agriculture, and industrial decarbonization. It offers credit and equity investment products to institutional investors, project financing to infrastructure developers, and integrated operating solutions (community solar, battery storage, organics-to-RNG, green data centers) to corporate and municipal customers, deploying capital across the full lifecycle of sustainable infrastructure.
Is Generate Capital a public or private company?
Generate Capital is a private company. It is classified as venture growth investor backed and is currently operating.
When was Generate Capital founded?
Generate Capital was founded in 2014. It employs 251 to 500 people.
Where is Generate Capital based?
Generate Capital is headquartered in San Francisco, United States, in the North America region.
How does Generate Capital make money?
Four revenue lines are on record. Credit Investment Returns are the primary driver. The others are equity Investment Returns, management Fees and asset Operations.
Who are Generate Capital's main competitors?
Broad incumbents on record are Blackstone Infrastructure Partners, IFM Investors Global Infrastructure Fund, Brookfield Asset Management (Renewable Power & Transition), Macquarie Asset Management (Green Investment Group) and KKR Global Infrastructure. Direct peers are Energy Capital Partners, Activate Capital, Capital Dynamics (Clean Energy Infrastructure) and Stonepeak Infrastructure Partners. Coalition for Green Capital is listed as an emerging player.
Does Generate Capital have an API?
No public API is recorded for Generate Capital.
What industry is Generate Capital in?
Generate Capital's product category is Sustainable Infrastructure Investment & Development. Its primary akta.pro industry code is FSANAEAE, Environmental & Resource Efficiency Funds (Water, Waste, Recycling, Efficiency), with a secondary code of EUANALAB, Capital Planning, Portfolio Prioritization & Funding. Its NAICS code is 5259 and its SIC code is 6799.