Deriva Energy
Deriva Energy is a Charlotte-based renewable energy developer, owner, and operator of utility-scale wind, solar, and battery storage assets across 16 U.S. states, serving utilities, municipalities, co-ops, and large corporates via long-term PPAs and O&M services as a Brookfield portfolio company.
- Company typePrivate
- Founded2008
- HeadquartersCharlotte, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Deriva Energy does
Deriva Energy, LLC is a Charlotte, North Carolina-based renewable energy developer, owner, and operator of utility-scale wind, solar, and battery storage assets across the United States. Formed in 2008 as the unregulated commercial renewables arm of Duke Energy (tracing its roots to 2007 acquisitions of Catamount Energy and Tiera Energy), the business was acquired by Brookfield Asset Management in October 2023 and rebranded as Deriva Energy. The company operates 91 wind, solar, and storage projects totaling 5,900–6,200 MW across 16 U.S. states, with a development pipeline of approximately 10.5–12.5 GW. Its core product lines consist of utility-scale wind farms (e.g., Los Vientos V, Shirley Windpower), utility-scale solar PV projects (e.g., Holstein, Palmer, Rambler, Wildflower, Pike, Spanish Peaks, Franklin), and battery energy storage systems (e.g., Notrees BESS, 36 MW), complemented by comprehensive O&M services including a 24/7 NERC-compliant Remote Operations Control center, GWO-certified TECHStart Academy training, mobile field services, large corrective maintenance with the proprietary GenHook LT up-tower crane package, certified gearbox/generator repair across 8 manufacturers and 9 generator types, and high-voltage grid services.
The company monetizes its portfolio primarily through long-term (12–25 year) power purchase agreements (PPAs) and virtual PPAs with investor-owned utilities, municipal utilities, rural electric cooperatives, corporates, and universities. Named counterparties include Southern California Edison, Austin Energy, Colorado Springs Utilities, Long Island Power Authority, Tri-State Generation and Transmission, Toyota Motor North America, T-Mobile (formerly Sprint), City Utilities of Springfield, and J. Aron & Company (Goldman Sachs). A secondary revenue stream comes from O&M, asset management, and technical services sold to third-party renewable energy owners, plus selective greenfield development and pre-construction project acquisitions from third-party developers. GTM motion is exclusively enterprise field sales to large institutional buyers; pricing is not publicly disclosed and is structured as bespoke PPA and service agreements.
Deriva is wholly owned by Brookfield Asset Management, sits within Brookfield's global renewable power and climate transition franchise, and is supported by long-standing joint ventures with Sumitomo (2015) and John Hancock/Manulife (2019). Recent strategic activity includes the 833 MWdc solar portfolio divestiture to Clearway Energy (announced October 2025, with Manulife, closing Q2 2026), acquisition of the 140 MW Spanish Peaks Solar project from JUWI (January 2024), participation in Brookfield's >10.5 GW renewable framework with Microsoft, and a $141M MUFG-led debt facility on three operating solar assets (September 2025). The company employs 530+ professionals under CEO John Clapp, with a senior leadership team drawn from Scout Clean Energy, Brookfield Renewable, Clearway, ENGIE, SEIA, and GE/Vestas/ABB.
Deriva Energy firmographics
Firmographics- Name
- Deriva Energy
- Legal name
- Deriva Energy, LLC
- Website
- https://derivaenergy.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Deriva Energy is a Charlotte-based renewable energy developer, owner, and operator of utility-scale wind, solar, and battery storage assets across 16 U.S. states, serving utilities, municipalities, co-ops, and large corporates via long-term PPAs and O&M services as a Brookfield portfolio company.
- Ownership category
- akta.pro rank
Deriva Energy industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Electric Power Generation (22111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- DER Financing, Contracting & Program Management (PPAs, Shared Savings, Performance) (EUAFAHAL)
- akta.pro secondary industries
- Utility-Scale Power Generation Asset Management (EUAEAMAA), DERMS Platforms & Utility Integration (ADMS/SCADA Integration, Hosting Capacity) (EUAFAHAF), DER Grid Services & Market Enablement (Ancillary Services, Flexibility) (EUADALAK)
Keywords
Where Deriva Energy is headquartered
LocationHeadquarters
- HQ city
- Charlotte
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Deriva Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Power Purchase Agreements (PPAs): Deriva develops, owns, and operates renewable energy projects and sells electricity under long-term power purchase agreements (PPAs) to utilities, municipalities, co-ops, and corporate customers. These agreements typically run 15-25 years and provide stable, recurring revenue.
- Project Development and Asset Management: Deriva generates revenue through greenfield development of solar, wind, and storage projects (50-500 MW), acquiring pre-construction projects from other developers, and providing ownership and operations services for third-party renewable energy asset owners.
- O&M Services: Deriva offers comprehensive operational, technical and compliance services to renewable energy companies including ROC & compliance services, technical training, mobile field services, large corrective maintenance, gearbox/generator repair, and high voltage services. Revenue generated through service agreements with renewable energy asset owners and operators.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Deriva Energy product offering
Product offeringCore offering
Deriva Energy develops, owns, and operates utility-scale wind, solar, and battery storage projects across 16 U.S. states, selling the generated electricity under long-term power purchase agreements (PPAs) of 10–25 years to utilities, municipalities, co-ops, corporations, and universities. The company also sells specialized operations and maintenance services, technical training, and high-voltage field services to third-party renewable asset owners. As a Brookfield portfolio company, Deriva combines project development, asset ownership, and full lifecycle O&M into an integrated clean energy platform with more than 5,900 MW of operating capacity.
Product overview
Deriva Energy is a renewable energy developer, owner, and operator offering a comprehensive portfolio of clean energy solutions. The company operates three core product lines: utility-scale wind energy projects (21 wind farms), solar energy projects (13 solar farms), and battery storage projects. The portfolio is supported by specialized services including Operations & Maintenance (O&M) services, Remote Operations Control (ROC) with NERC compliance, and technical training through TECHStart Academy. Additional service offerings encompass greenfield development, project acquisitions, power purchase agreements, and RECs. The company also provides field services including mobile field support, large corrective maintenance, field gearbox and generator repair, and high voltage services. Deriva Energy serves utilities, municipal utilities, rural electric co-ops, corporations, universities, and renewable energy asset owners.
Differentiator
Problem solved
Functional benefit
Products and services
- Wind Energy Projects Utility-scale onshore wind generation facilities across multiple U.S. states, ranging from 20 MW to 351 MW in capacity, totaling thousands of megawatts of zero-carbon generation. Energy is sold under long-term PPAs to utilities, municipalities, and corporate buyers.
- Solar Energy Projects Utility-scale solar PV installations across the United States, ranging from 25 MW to 250 MW in capacity. Includes projects such as Holstein Solar (200 MW), Pike Solar (175 MW), Pflugerville Solar (144 MW), Spanish Peaks Solar (140 MW), North Rosamond Solar (150 MW), Wildflower Solar (100 MW), and Frontier Windpower (200 MW).
- Battery Storage Projects Battery energy storage system (BESS) projects providing grid-scale energy storage, including the Notrees BESS facility (36 MW) in Texas.
- ROC & Compliance Services 24/7/365 remote operations support from a NERC-compliant generation control center for renewable asset owners, including alarm monitoring via EMS and SCADA, transmission operator directive execution, generator controls, and operational risk mitigation.
- TECHStart Academy Technical training services delivered at a Global Wind Organization (GWO) certified facility in Charlotte, NC for wind, solar, and battery storage technicians. Curriculum includes Basic Safety Training, Basic Technical Training, High Angle Rescue, Control of Hazardous Energy, NFPA 70e, metering, and SCADA training.
- Mobile Field Services Expert field support across the continental U.S. for renewable asset owners, including site start-up, commissioning, preventative maintenance, turbine inspections, routine maintenance, testing, and repairs.
- Large Corrective Maintenance Comprehensive large corrective maintenance including labor, logistics, and specialized equipment tooling. Features proprietary up-tower GenHook LT Crane package enabling component-specific exchanges on GE turbines without full crane mobilization.
- Field Gearbox and Generator Repair Certified Service Provider for Winergy and ZF Transmissions with specialized repair capabilities across 8 gearbox manufacturers and 9 generator types, supported by 30 purpose-built specialty tool kits covering 40 distinct repair scenarios.
- High Voltage Services Comprehensive high voltage preventative and corrective maintenance programs for electrical infrastructure connecting renewable assets to the grid, designed to maximize uptime and ensure grid compliance.
- Greenfield Development Development of greenfield solar, wind, and storage projects throughout the United States ranging from 50 to 500 MW, including site control, permitting, interconnection, offtake, financing, and construction.
- Project Acquisitions Acquisition of pre-construction solar, wind, and storage projects from other developers, with subsequent development to commercial operation leveraging in-house expertise.
- Power Purchase Agreements (PPAs) Off-site renewable energy offtake solutions including Physical and Virtual Power Purchase Agreements (VPPAs) enabling organizations to procure tens to hundreds of megawatts of net-zero electricity for 10 to 25 years.
- Renewable Energy Certificates (RECs) Renewable energy certificates or credits sold to organizations to help them achieve net-zero targets and carbon-free transition goals.
Quantifiable outcome
- 5,900+ MW of zero-carbon projects generating clean electricity for over 1 million homes annually
- +3 more outcomes
Companies that use Deriva Energy
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles5 records
Deriva Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Deriva Energy partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered major and core.
- Clearway EnergymajorDeriva agreed to sell a 833MWdc (613MWac) operational solar portfolio to Clearway Energy along with joint venture partner Manulife Investment Management. Transaction expected to close Q2 2026. TD Securities acted as exclusive financial advisor.
- JUWI Inc.majorJUWI is responsible for engineering, procurement, and construction of Spanish Peaks Solar projects. Deriva acquired the project from JUWI and will share operations and maintenance responsibilities. JUWI also completed Pike Solar project development and construction.
- Microsoft CorporationcoreDeriva Energy participates in the global renewable energy framework agreement between Brookfield and Microsoft to deliver over 10.5 gigawatts of renewable energy worldwide. Deriva is positioned to deliver a sizeable portion of Microsoft's renewable energy capacity across the US through this arrangement.
- Tri-State Generation and Transmission AssociationmajorPartnership for 140 MW Spanish Peaks Solar projects in Las Animas County, Colorado. Tri-State, a not-for-profit wholesale power supply cooperative, receives energy under two long-term power purchase agreements. Project supports Tri-State's goal of 50% renewable energy use by late 2025.
Scale indicators8 records
Recent moves8 records
Expansion highlights5 records
Deriva Energy competitors and assessment
Company assessmentDirect peers
- NextEra Energy Resources: Largest U.S. renewable energy developer/operator and a direct competitor in utility-scale wind, solar, and storage. Both companies sign long-term PPAs with utilities, corporates, and municipalities across overlapping geographies.
- Clearway Energy: Owns and operates utility-scale wind and solar generation in the U.S., actively purchasing portfolios (including the recent 833MW acquisition from Deriva/Manulife). Direct competitor in renewable IPP space.
- Invenergy: Chicago-based developer, owner, and operator of utility-scale wind, solar, and storage projects across North America. Competes directly with Deriva in greenfield development and long-term PPA origination with utilities and corporates.
- Avangrid Renewables (Iberdrola): U.S. renewables arm of Iberdrola, operating utility-scale wind and solar farms. Diana Scholtes, Deriva's CCO, previously led origination at Avangrid Renewables, and the companies compete for similar utility PPA opportunities.
- Leeward Renewable Energy: Developer, owner, and operator of utility-scale wind, solar, and battery storage in the U.S. Owned by OMERS, with comparable project sizes and PPA structures targeting similar utility and corporate customers.
Broad incumbents
- ENGIE North America: U.S. arm of global utility ENGIE with utility-scale wind, solar, and storage operations. Competes in similar U.S. markets and serves overlapping utility and corporate customers, with broader portfolio across gas, services, and distributed energy.
- EDF Renewables: U.S. subsidiary of EDF with utility-scale wind, solar, and storage development. Competes in similar renewable energy PPA markets and has overlapping operational footprint across multiple U.S. states.
- AES Corporation (AES Clean Energy): Global power company with significant U.S. utility-scale wind, solar, and storage development through AES Clean Energy. Competes in similar utility-scale renewable markets with overlapping geographies and customer types.
Emerging players
- Apex Clean Energy: U.S. wind and storage developer with significant utility-scale development pipeline. Competes with Deriva for greenfield sites, interconnection capacity, and PPA origination, though smaller in operating fleet.
- Longroad Energy: U.S.-focused developer, owner, and operator of utility-scale wind, solar, and storage projects. Competes in similar PPA markets with growing operating portfolio and active development pipeline.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Deriva Energy social profiles
Digital presenceDeriva Energy compliance and trust
Trust signalCompliance3 records
Deriva Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Deriva Energy leadership team
Management profileNumber of profiles
Profiles9 records
Deriva Energy funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Deriva Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Deriva Energy
What does Deriva Energy do?
Deriva Energy develops, owns, and operates utility-scale wind, solar, and battery storage projects across 16 U.S. states, selling the generated electricity under long-term power purchase agreements (PPAs) of 10–25 years to utilities, municipalities, co-ops, corporations, and universities. The company also sells specialized operations and maintenance services, technical training, and high-voltage field services to third-party renewable asset owners. As a Brookfield portfolio company, Deriva combines project development, asset ownership, and full lifecycle O&M into an integrated clean energy platform with more than 5,900 MW of operating capacity.
Is Deriva Energy a public or private company?
Deriva Energy is a private company. It is classified as corporate owned and is currently operating.
When was Deriva Energy founded?
Deriva Energy was founded in 2008. It employs 251 to 500 people.
Where is Deriva Energy based?
Deriva Energy is headquartered in Charlotte, United States, in the North America region.
How does Deriva Energy make money?
Three revenue lines are on record. Power Purchase Agreements (PPAs) is the primary driver. The others are project Development and Asset Management and O&M Services.
Who are Deriva Energy's main competitors?
Direct peers on record are NextEra Energy Resources, Clearway Energy, Invenergy, Avangrid Renewables (Iberdrola) and Leeward Renewable Energy. Broad incumbents are ENGIE North America, EDF Renewables and AES Corporation (AES Clean Energy). Emerging players are Apex Clean Energy and Longroad Energy.
Does Deriva Energy have an API?
No public API is recorded for Deriva Energy.
What industry is Deriva Energy in?
Deriva Energy's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUAFAHAL, DER Financing, Contracting & Program Management (PPAs, Shared Savings, Performance), with a secondary code of EUAEAMAA, Utility-Scale Power Generation Asset Management. Its NAICS code is 22111 and its SIC code is 4911.