Soltage
Soltage is an independent US renewable power producer founded in 2005 that develops, finances, and operates distributed utility-scale solar, solar-plus-storage, and standalone storage projects, serving utilities, corporations, governments, schools, and community solar subscribers across 15+ states.
- Company typePrivate
- Founded2005
- HeadquartersJersey City, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Soltage does
Soltage, LLC is an independent renewable power producer founded in 2005 and headquartered in Jersey City, New Jersey. The company develops, finances, and operates distributed utility-scale solar, solar-plus-storage, and standalone battery storage projects across the United States, with a portfolio of 600+ MW in operation or under construction across 15+ states and a stated pipeline of more than 2 GW as of mid-2025. Its integrated platform covers in-house origination, acquisition, development, design and engineering, finance, and asset management, delivered through three core service areas (Origination, Asset Management, Clean Energy Solutions) and segment-specific modules for Government, Commercial & Industrial, Real Estate, Schools, Utilities, and Community Solar customers.
Revenue is generated primarily through long-term (typically 20–25 year) Power Purchase Agreements (PPAs) that sell electricity to utilities, corporations, municipalities, and community solar subscribers, supplemented by PURPA-contracted sales to investor-owned utilities, recurring asset management fees on co-investor vehicles, and tax credit monetization. Go-to-market combines direct enterprise field sales (utilities, corporations, schools, municipalities) with channel partnerships (MC Squared Energy Services in Illinois, Neighborhood Sun in New Jersey, plus Maine community solar) for distributed subscriber acquisition. The company has raised over $1.5B in cumulative capital, including a $250M partnership with Harrison Street via the Iris vehicle (450 MW target), a $130M SVB-led debt facility, and a series of 2025 financings totaling $865M in construction debt, tax credit investment, and a syndicated development revolver. In September 2023, Igneo Infrastructure Partners acquired a majority equity interest, with founder Jesse Grossman continuing as Chairman and CEO.
Soltage firmographics
Firmographics- Name
- Soltage
- Legal name
- Soltage, LLC
- Website
- https://soltage.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Soltage is an independent US renewable power producer founded in 2005 that develops, finances, and operates distributed utility-scale solar, solar-plus-storage, and standalone storage projects, serving utilities, corporations, governments, schools, and community solar subscribers across 15+ states.
- Ownership category
- akta.pro rank
Soltage industry classification
Industry- Product category
- Solar Energy Project Development
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Distributed Generation (DG) Solar & Small Wind (EUAMAJAD), Distributed Storage (Behind-the-Meter Batteries) (EUAMAJAE), LDES Systems Integration, EPC & Project Development (EUAFADAG), DER Financing, Leasing & Billing Platforms (TPO, PPA, On-Bill) (EUAMAJAJ)
Keywords
Where Soltage is headquartered
LocationHeadquarters
- HQ city
- Jersey City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Soltage business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Power Purchase Agreement (PPA) Revenue: Soltage owns and operates solar and storage projects, selling electricity through long-term PPAs to utilities, corporations, municipalities, and community solar subscribers. Revenue is generated from electricity sales over contract terms typically spanning 20-25 years.
- Asset Development and Investment: Soltage develops projects for their own portfolio and co-invests with partners like Harrison Street and Basalt. They invest capital into clean energy infrastructure and generate returns through project ownership and operation.
- Asset Management Fees: Comprehensive asset management services including financial, operational, and physical oversight of project portfolios, likely generating recurring management fees.
- PURPA Contract Revenue: Revenue from selling power to Investor Owned Utilities under Public Utility Regulatory Policies Act (PURPA) contracts, providing long-term contracted cash flows.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Soltage product offering
Product offeringCore offering
Soltage develops, finances, and operates distributed utility-scale solar, solar-plus-storage, and standalone storage project portfolios across the U.S. The company delivers an integrated platform covering origination, project acquisition, design and engineering, construction finance, and long-term asset management. It sells clean energy through long-term Power Purchase Agreements (PPAs) to utilities, corporations, municipalities, schools, and community solar subscribers.
Product overview
Soltage is an experienced independent renewable power producer that develops, finances and operates distributed utility-scale solar, solar-plus-storage and standalone storage project portfolios across the U.S. The company's integrated platform comprises three core service areas: Origination (project development and acquisition), Asset Management (financial, operational, and physical asset management), and Clean Energy Solutions (custom renewable energy procurement). These core services are delivered through specialized sector-specific modules for Government, Commercial & Industrial, Real Estate, Schools, Utilities, and Community Solar customers. Soltage has developed more than 135 solar energy projects with over 600 MW total distributed generating capacity in operation or under construction.
Differentiator
Problem solved
Functional benefit
Products and services
- Origination End-to-end project origination service in which Soltage identifies high-impact U.S. markets with forward clean energy demand, develops and acquires distributed utility-scale solar, solar-plus-storage, and standalone storage projects, and couples deep domain expertise with proven technologies. Targeted at utilities, corporations, municipalities, and community solar subscribers.
- Asset Management Comprehensive financial, operational, and physical asset management service that optimizes system performance through in-house oversight and regional operators. Available for Soltage's own portfolio as well as for partner-owned distributed solar and storage assets.
- Clean Energy Solutions Custom renewable energy procurement and sustainability solutions tailored to meet specific customer goals, spanning solar, solar-plus-storage, and standalone storage delivered through long-term PPAs. Targeted at organizations seeking bespoke clean energy strategies.
- Community Solar Subscription-based community solar program allowing households, schools, municipalities, and businesses to purchase solar electricity from nearby Soltage-owned solar farms without installing on-site systems. Available in Illinois, New Jersey, and Maine through channel partners MC Squared Energy Services and Neighborhood Sun.
Quantifiable outcome
- Estimated $120 annual savings for community solar subscribers (Tri-County project)
- +2 more outcomes
Companies that use Soltage
Customer profileNamed customers12 records
Segments6 records
Ideal customer profiles5 records
Soltage technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Soltage partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- MelinkminorPartnership for 28 MW solar project at Cincinnati Zoo, with Melink likely serving as EPC or development partner.
- MC Squared Energy ServicescoreChannel partner in Illinois connecting interested community solar subscribers with Soltage solar farms in the state.
- Neighborhood SuncoreLocal non-profit channel partner in New Jersey subscribing Garden State solar projects to community subscribers.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
Soltage competitors and assessment
Company assessmentDirect peers
- Borrego Solar: Commercial, industrial, and community solar developer with an integrated development-to-construction platform serving similar C&I, government, and utility customer segments across the U.S.
- ForeFront Power: Developer of distributed solar, storage, and community solar projects for commercial, government, and institutional customers, with a comparable project finance-led go-to-market approach.
- Hecate Energy: Developer of solar and storage projects across the U.S., including community solar and utility-scale assets, with comparable IPP ownership strategy and debt-financed development pipeline.
- Cypress Creek Renewables: Developer, owner, and operator of distributed utility-scale and community solar projects across the U.S., directly comparable to Soltage in project size, customer segments (utilities, C&I, municipalities), and community solar focus.
- Pine Gate Renewables: National solar developer and operator focused on utility-scale and community solar projects with comparable IPP economics, project development workflows, and reliance on tax equity and debt financing structures.
- Nautilus Solar Energy: Developer and owner of distributed generation solar and community solar portfolios across the U.S., competing in similar state markets (NJ, IL, MA, NY) with similar community solar subscriber-driven business models.
- Summit Ridge Energy: One of the largest community solar developers and owners in the U.S., operating a comparable distributed solar and storage development model across multiple states with similar offtake structures (PPAs and community subscriptions).
- Dimension Energy: Community solar and distributed solar developer building portfolios for utilities and corporate off-takers; closely comparable in scale, geographic footprint, and reliance on community solar program design.
Broad incumbents
- EDF Renewables: Global renewable energy developer and IPP with a large U.S. distributed and utility-scale solar presence; overlaps with Soltage's customer base (utilities, C&I, municipalities) but operates across a much broader technology and geographic portfolio.
- Lightsource bp: Global utility-scale solar developer and operator with a growing U.S. presence; comparable as a solar IPP but at meaningfully larger scale and with deeper balance sheet and cost-of-capital advantages.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Soltage social profiles
Digital presenceSoltage financial estimates
Financial estimateRevenue estimate
Valuation estimate
Soltage leadership team
Management profileNumber of profiles
Profiles10 records
Soltage subsidiaries and ownership
Company hierarchySubsidiaries1 record
Soltage funding detail
Funding detailFunding overview
Funding rounds6 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Soltage 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 Soltage
What does Soltage do?
Soltage develops, finances, and operates distributed utility-scale solar, solar-plus-storage, and standalone storage project portfolios across the U.S. The company delivers an integrated platform covering origination, project acquisition, design and engineering, construction finance, and long-term asset management. It sells clean energy through long-term Power Purchase Agreements (PPAs) to utilities, corporations, municipalities, schools, and community solar subscribers.
Is Soltage a public or private company?
Soltage is a private company. It is classified as private equity controlled and is currently operating.
When was Soltage founded?
Soltage was founded in 2005. It employs 11 to 50 people.
Where is Soltage based?
Soltage is headquartered in Jersey City, United States, in the North America region.
How does Soltage make money?
Four revenue lines are on record. Power Purchase Agreement (PPA) Revenue is the primary driver. The others are asset Development and Investment, asset Management Fees and PURPA Contract Revenue.
Who are Soltage's main competitors?
Direct peers on record are Borrego Solar, ForeFront Power, Hecate Energy, Cypress Creek Renewables, Pine Gate Renewables, Nautilus Solar Energy, Summit Ridge Energy and Dimension Energy. Broad incumbents are EDF Renewables and Lightsource bp.
Does Soltage have an API?
No public API is recorded for Soltage.
What industry is Soltage in?
Soltage's product category is Solar Energy Project Development. Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of EUAMAJAD, Distributed Generation (DG) Solar & Small Wind. Its NAICS code is 221114 and its SIC code is 4991.