rPlus Energies
rPlus Energies is a Utah-based renewable energy developer, owner, and operator building utility-scale solar, battery storage, wind, and pumped storage hydro projects for utilities (Idaho Power, PacifiCorp) and corporate offtakers (Meta) across the Western United States.
- Company typePrivate
- Founded2018
- HeadquartersSalt Lake City, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What rPlus Energies does
rPlus Energies is a privately held renewable energy developer, owner, and operator headquartered in Salt Lake City, Utah, founded in 2018 as a subsidiary of The Gardner Group. The company develops, finances, constructs, and increasingly operates utility-scale solar, battery energy storage, wind, and pumped storage hydroelectric projects across the Western United States, with a pipeline exceeding 15 GW across more than 30 projects in 15 markets. Its operating footprint is concentrated in the Intermountain West, with major assets in Utah, Idaho, Wyoming, and Nevada, and a recent 900 MW acquisition establishing it as Idaho's largest solar and storage developer. The company is backed by Sandbrook Capital (up to $460 million platform investment in February 2024) and The Gardner Group, and has raised nearly $2 billion across project and corporate financings.
The company's core technology stack combines utility-scale solar PV (including 993,492 panels at Green River Energy Center), grid-scale battery storage (484 Tesla Megapacks delivering 400 MW/1,600 MWh at Green River), and is developing two large pumped storage hydro projects (Seminoe at 900 MW and White Pine at 1,000 MW) that have reached FERC Final License Application stage. rPlus makes money through a hybrid model that has historically combined project development and construction management fees, sale of project interests to independent power producers such as Matrix Renewables, Greenbacker, and Clearway Energy, and long-term power purchase agreements with utilities (Idaho Power, PacifiCorp/Rocky Mountain Power) and corporate customers (Meta). With the June 2026 commercial operation of Green River Energy Center, rPlus has begun its strategic transition into an independent power producer that owns and operates generation assets directly.
Customer relationships are anchored by long-term 15–25 year PPAs with two investor-owned utilities (Idaho Power, PacifiCorp) and Meta, which procures renewable energy through those utilities' green tariff programs to power data centers in Kuna, Idaho and Eagle Mountain, Utah. The company sells through competitive utility RFPs (e.g., PacifiCorp All-Source RFP) and direct corporate negotiations, using institutional project finance (construction debt, tax equity, and platform equity) to fund development. Distribution relies on B2B enterprise sales, industry PR channels, and community engagement in project host counties, with operational offices in Salt Lake City and Boise.
rPlus Energies firmographics
Firmographics- Name
- rPlus Energies
- Legal name
- rPlus Energies, LLC
- Website
- https://rplusenergies.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- rPlus Energies is a Utah-based renewable energy developer, owner, and operator building utility-scale solar, battery storage, wind, and pumped storage hydro projects for utilities (Idaho Power, PacifiCorp) and corporate offtakers (Meta) across the Western United States.
- Ownership category
- akta.pro rank
rPlus Energies industry classification
Industry- Product category
- Utility-Scale Renewable Energy Development & Power Generation
- NAICS
- Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Hydroelectric Power Generation (221111), Electric Power Generation (22111)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE)
- akta.pro secondary industries
- Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB), C&I PPAs & Virtual PPAs (VPPA) Origination & Management (EUAGACAF), Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI), PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD)
Keywords
Where rPlus Energies is headquartered
LocationHeadquarters
- HQ city
- Salt Lake City
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
rPlus Energies business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Infrastructure, Personnel, Operations, Marketing or Sales
Revenue model
- Power Purchase Agreement (PPA) Revenue: Long-term power purchase agreements with utilities (Idaho Power, PacifiCorp) and corporate customers (Meta) for renewable energy generation, typically 15-25 year contracts providing stable, recurring revenue from electricity sales.
- Project Development and Construction Management Fees: Fees earned from developing, managing construction, and overseeing utility-scale renewable energy projects from inception through commercial operation. Includes EPC oversight and community relations.
- Project Asset Sales: Sale of developed projects or controlling interests to independent power producers (Matrix Renewables, Clearway Energy Group, Greenbacker) after development and/or construction, generating upfront capital.
- Independent Power Producer (IPP) Operations: Owning and operating renewable energy generation assets, generating electricity sales revenue from utilities under long-term contracts. Green River Energy Center marks debut as IPP.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
rPlus Energies product offering
Product offeringCore offering
rPlus Energies is a diversified renewable energy developer, owner, and operator that develops, finances, constructs, and operates utility-scale solar, wind, battery storage, and pumped storage hydro projects across the western United States. The company sells electricity under long-term power purchase agreements (PPAs) to investor-owned utilities such as Idaho Power and PacifiCorp and to corporate energy buyers such as Meta, while also selling developed project interests to independent power producers.
Product overview
rPlus Energies is a diversified renewable energy developer, owner, and operator delivering utility-scale power generation and storage projects. The company operates a portfolio-based model with strategic mix of solar (Green River Energy Center, Blacks Creek Energy Center, Pleasant Valley Solar 1 & 2, Appaloosa Solar I, Graphite Solar), wind (Cedar Creek Wind), and storage technologies (pumped storage hydro via Seminoe and White Pine projects). The company develops projects from origination through construction management, and is transitioning to own-and-operate independent power producer model. Projects are primarily structured with long-term power purchase agreements with utilities (Idaho Power, PacifiCorp/Rocky Mountain Power) and corporate customers (Meta).
Differentiator
Problem solved
Functional benefit
Products and services
- Green River Energy Center An 800 MW combined solar and battery energy storage project (400 MW solar PV plus 400 MW/1,600 MWh BESS using 484 Tesla Megapacks) in Emery County, Utah. Sold under a long-term PPA to PacifiCorp and used to supply Meta's data center operations.
- Blacks Creek Energy Center A 400 MWac (520 MWdc) solar PV facility in Ada County, Idaho with an additional 200 MW battery storage phase. Serves Idaho Power grid and supports Meta's Kuna data center under a long-term PPA.
- Pleasant Valley Solar 2 A 125 MWac solar PV facility in Ada County, Idaho, fully owned by rPlus Energies. Delivers electricity to Idaho Power under a long-term PPA to support Meta's Kuna data center energy commitments.
- Appaloosa Solar I A 240 MWdc / 200 MWac utility-scale solar project in Iron County, Utah. Greenbacker's largest operational clean energy asset, delivering renewable energy to Meta under Rocky Mountain Power Schedule 34 tariff via a long-term PPA with PacifiCorp.
- Graphite Solar An 80 MWac (104 MWdc) solar PV project in Carbon County, Utah. First project developed by rPlus Energies; powers Meta data center in Eagle Mountain, Utah under Rocky Mountain Power Schedule 34 tariff. Now owned by Greenbacker.
- Cedar Creek Wind An approximately 152 MW wind project in Bingham County, Idaho, originally developed by rPlus after acquiring development rights in 2019. Sold to Clearway Energy Group in 2021 and now operational under a PPA with PacifiCorp.
- Seminoe Pumped Storage A 900 MW pumped storage hydro project in Carbon County, Wyoming, providing 10 hours of full-output energy storage capacity. Currently in FERC licensing process; expected to provide approximately 35 full-time skilled positions once operational.
- White Pine Pumped Storage A 1,000 MW pumped storage hydro project in White Pine County, Nevada. Nevada's first pumped storage project, providing 8 hours of energy storage capacity.
- Bluebird Solar A solar and storage project in Ada County, Idaho with 200 MW of solar and 100 MW of battery storage, acquired from Mission Clean Energy in November 2025. Expected to come online in 2028.
- Pleasant Valley Solar 1 A 200 MWac / 261 MWdc solar PV project in Ada County, Idaho. Largest contracted solar facility in Idaho Power's system; delivers energy to Idaho Power grid supporting Meta's Kuna data center. Majority-owned by Matrix Renewables (TPG Rise) with rPlus as minority owner and construction manager.
Quantifiable outcome
- Over 1 GW of operational or contracted capacity in Ada County, Idaho alone
- +3 more outcomes
Companies that use rPlus Energies
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
rPlus Energies technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
rPlus Energies partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered major, core, flagship and minor.
- Latham & Watkins LLPmajorLegal counsel to rPlus Energies for Blacks Creek Energy Center acquisition and financing transactions.
- Dorsey & Whitney LLPmajorLegal counsel for Bluebird Solar acquisition and ongoing financing matters, including Pleasant Valley Solar 2 tax equity.
- QcellscoreSold Blacks Creek Energy Center (400 MW solar + 200 MW storage) to rPlus Energies in Ada County, Idaho. Qcells originally developed the project.
- Mission Clean EnergycoreSold Bluebird Solar project (200 MW solar + 100 MW storage) to rPlus Energies as part of 900 MW Ada County acquisition.
- Norton Rose FulbrightmajorLead counsel to rPlus for Green River Energy Center financing transactions including tax equity and construction debt.
- Kirkland & Ellis LLPmajorTransaction counsel to Sandbrook Capital for $460 million platform investment in rPlus.
- Matrix Renewables (TPG Rise)coreAcquired controlling interest in Pleasant Valley Solar from rPlus; rPlus retains minority ownership. Partnership on Idaho's largest solar facility in Idaho Power system.
- Clearway Energy GroupmajorAcquired Cedar Creek Wind project (152 MW) from rPlus; project now operational under PPA with PacifiCorp.
- Sundt Construction / Sundt RenewablescorePrimary EPC contractor for rPlus projects including Green River Energy Center, Pleasant Valley Solar 1 and 2, and Appaloosa Solar 1. Long-term construction partnership with significant experience in Utah and Idaho markets.
- PacifiCorp / Rocky Mountain PowerflagshipLong-term PPA partner for Green River Energy Center, Graphite Solar, Appaloosa Solar 1, and Cedar Creek Wind. Rocky Mountain Power provides utility services under Schedule 34 green energy tariff.
- Idaho PowerflagshipPPA partner for Pleasant Valley Solar 1, Pleasant Valley Solar 2, and Blacks Creek Energy Center. Clean Energy Your Way program enables corporate customer access to renewables.
- MetaflagshipCorporate energy buyer driving renewable energy procurement for data centers in Kuna, ID and Eagle Mountain, UT through Idaho Power and Rocky Mountain Power programs. Core customer for Pleasant Valley Solar and other projects.
- BHI EnergyminorElectrical and mechanical construction partner for Pleasant Valley Solar 2 and other projects.
- BODECminorHigh voltage electrical contracting services for Pleasant Valley Solar and other projects.
- Tesla MegapacksmajorBattery storage units (484 Megapacks) deployed at Green River Energy Center for 400 MW/1,600 MWh battery energy storage system.
Scale indicators16 records
Recent moves9 records
Expansion highlights6 records
rPlus Energies competitors and assessment
Company assessmentDirect peers
- Clearway Energy Group: NYSE-listed renewable IPP that acquired rPlus's Cedar Creek Wind project and operates utility-scale solar, wind, and storage assets across the Western U.S. with a directly comparable IPP business model and overlapping customer base in PacifiCorp territory.
- Invenergy: Privately held U.S. renewable energy developer, owner, and operator with utility-scale solar, wind, and storage projects nationwide. Closely comparable end-to-end development-to-IPP model and similar customer segments to rPlus.
- Matrix Renewables (TPG Rise): TPG Rise-backed renewable energy developer and IPP focused on utility-scale solar and storage, which acquired a controlling interest in rPlus's Pleasant Valley Solar 1. Direct competitor for project finance and offtake in the same geographies.
- Greenbacker Renewable Energy Company: Publicly traded renewable energy company and IPP that acquired rPlus-developed Graphite Solar and Appaloosa Solar I. Operates utility-scale solar and storage with similar PPA structures and customer profile.
- Arevon Energy: U.S.-focused renewable energy developer and IPP with utility-scale solar and battery storage projects, transitioning to own-and-operate model. Direct competitor for hyperscaler and utility offtake in Western markets.
- Lightsource bp: Global utility-scale solar developer and owner-operator with significant U.S. presence. Comparable in development pipeline scale, PPA origination capability, and corporate energy buyer engagement model.
Broad incumbents
- AES Corporation: NYSE-listed global power generation and utilities company with major renewable IPP segment (AES Clean Energy). Natalie Jackson previously worked at AES; broader portfolio and balance sheet but overlapping utility-scale solar+storage development.
- NextEra Energy Resources: Largest U.S. renewable energy generator and IPP (subsidiary of NextEra Energy), operating utility-scale solar, wind, and battery storage nationwide. Incumbent competitor in Western U.S. utility RFPs with materially greater capital base and pipeline.
- EDF Renewables: Subsidiary of EDF Group developing and operating utility-scale renewable projects in North America. Comparable developer-to-IPP transition and similar PPA-driven business model with utility and corporate offtakers.
Emerging players
- Avantus (formerly 8minute Solar Energy): U.S. utility-scale solar and storage developer with deep pipeline in Western markets. Comparable development capabilities, PPA origination, and project finance sophistication in overlapping geographies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
rPlus Energies social profiles
Digital presencerPlus Energies financial estimates
Financial estimateRevenue estimate
Valuation estimate
rPlus Energies leadership team
Management profileNumber of profiles
Profiles5 records
rPlus Energies subsidiaries and ownership
Company hierarchySubsidiaries2 records
rPlus Energies funding detail
Funding detailFunding overview
Funding rounds6 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
rPlus Energies M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about rPlus Energies
What does rPlus Energies do?
rPlus Energies is a diversified renewable energy developer, owner, and operator that develops, finances, constructs, and operates utility-scale solar, wind, battery storage, and pumped storage hydro projects across the western United States. The company sells electricity under long-term power purchase agreements (PPAs) to investor-owned utilities such as Idaho Power and PacifiCorp and to corporate energy buyers such as Meta, while also selling developed project interests to independent power producers.
Is rPlus Energies a public or private company?
rPlus Energies is a private company. It is classified as venture growth investor backed and is currently operating.
When was rPlus Energies founded?
rPlus Energies was founded in 2018. It employs 51 to 100 people.
Where is rPlus Energies based?
rPlus Energies is headquartered in Salt Lake City, United States, in the North America region.
How does rPlus Energies make money?
Four revenue lines are on record. Power Purchase Agreement (PPA) Revenue is the primary driver. The others are project Development and Construction Management Fees, project Asset Sales and independent Power Producer (IPP) Operations.
Who are rPlus Energies's main competitors?
Direct peers on record are Clearway Energy Group, Invenergy, Matrix Renewables (TPG Rise), Greenbacker Renewable Energy Company, Arevon Energy and Lightsource bp. Broad incumbents are AES Corporation, NextEra Energy Resources and EDF Renewables. Avantus (formerly 8minute Solar Energy) is listed as an emerging player.
Does rPlus Energies have an API?
No public API is recorded for rPlus Energies.
What industry is rPlus Energies in?
rPlus Energies's product category is Utility-Scale Renewable Energy Development & Power Generation. Its primary akta.pro industry code is EUAMAAAE, Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy), with a secondary code of EUAGADAB, Utility-Scale Generator PPAs (Project Offtake). Its NAICS code is 221114 and its SIC code is 4911.