Recurrent Energy

Name

Recurrent Energy

Legal name

Recurrent Energy

Website

https://recurrentenergy.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Utility-Scale Solar and Energy Storage Development

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211), Utility System Construction (2371)

SIC

Cogeneration Services & Small Power Producers (4991), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)

akta.pro secondary industries

BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI), BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage) (EUAFAAAL), Utility-Scale BESS EPC & Integration (EUAEAEAA), Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE)

Keywords

• Utility-scale solar development
• Battery energy storage projects
• Renewable energy operations maintenance
• Solar project financing
• Utility power purchase agreements

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Infrastructure, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Project Development and Sales: Recurrent Energy develops utility-scale solar and energy storage projects from origination through construction, then monetizes through strategic sales to infrastructure investors. Revenue realized upon project completion and transfer to buyers. Capital recycling strategy enables continuous development pipeline.
2. Power Purchase Agreements (PPAs): Long-term power purchase agreements with utilities, municipal utilities, community choice aggregators, retail energy providers, corporate and industrial customers, and educational institutions. Fixed-price contracts typically spanning 10-25 years providing stable revenue visibility.
3. Operations & Maintenance Services: O&M contracts for solar and energy storage projects, ranging from basic preventative maintenance to premium performance guarantee packages. Nearly 15 GW of contracted projects under long-term O&M agreements globally.
4. Asset Management: Asset management services for projects including customized O&M plans, metering and data analysis, production performance verification against baselines, and outage/degradation tracking.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Recurrent Energy develops, owns, and operates utility-scale solar photovoltaic (PV) and battery energy storage system (BESS) projects globally. The company manages the full project lifecycle from siting, permitting, and interconnection through financing, construction, and long-term operations and maintenance. It monetizes projects through long-term Power Purchase Agreements (PPAs), tolling agreements, and strategic sales to infrastructure investors, while retaining select assets under a capital recycling model.

Product overview

Recurrent Energy operates as Canadian Solar's global development and power services business, functioning as a unified platform for utility-scale solar and energy storage project development, ownership, and operations. The core offering combines Solar Project Development and Energy Storage Project Development capabilities, complemented by Power Services (O&M) for ongoing asset management. Supporting modules include REView (proprietary CMMS), the NERC-registered Operations Control Center for 24/7 monitoring, and access to major credit facilities. The platform enables projects across the full lifecycle from siting and permitting through financing, construction, and long-term operation and maintenance.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Project Development Development, financing, construction, and operation of utility-scale solar photovoltaic projects across six continents, with projects ranging from 5 MWp to over 420 MWp capacity. Customers include utilities, corporations, and infrastructure investors.
• Energy Storage Project Development Development of battery energy storage systems (BESS), including standalone storage and solar-plus-storage hybrid projects. Projects span 100 MW to 350 MW capacity with storage from 200 MWh to 1,400 MWh, serving utilities and grid operators.
• Power Services (O&M) Operations and maintenance services for solar and energy storage projects including 24/7 monitoring, diagnostics, preventative and corrective maintenance, warranty management, vegetation management, and asset management. O&M portfolio includes nearly 15 GW of contracted projects with availability guarantees over 99%, offered to project owners and investors.

Quantifiable outcome

• Over 99% availability guarantee historically achieved for plants under O&M
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered major and core.

• DowningmajorChannel Partner/ Reseller/ Distributor · 1 April 2026Downing, an investment manager, acquired the 42.5 MWp Higher Witheven solar project in Cornwall from Recurrent Energy after securing a UK CfD contract.
• Hunt Energy NetworkmajorChannel Partner/ Reseller/ Distributor · 24 February 2026Hunt Energy Network acquired the 200 MWh Fort Duncan Battery Storage facility from Recurrent Energy. This acquisition expanded Hunt Energy Network's battery storage portfolio to 420 MW in the ERCOT market.
• UK Government (Planning Inspectorate)coreStrategic or Co-development Partner · 2 December 2025UK Government's Planning Inspectorate granted Development Consent Order for Recurrent Energy's Tillbridge solar and battery storage project in Lincolnshire (800 MW solar + 500 MW/1,000 MWh storage), creating approximately 1,250 construction jobs.
• Epic EnergymajorStrategic or Co-development Partner · 29 October 2025Epic Energy owns the 220 MWh Mannum Battery Energy Storage Project in South Australia, developed by Recurrent Energy with e-STORAGE as EPC provider. Project co-located with 46 MWp solar capacity.
• Arizona Public ServicecoreStrategic or Co-development Partner · 21 October 2025Arizona Public Service is the utility partner for Desert Bloom Storage (600 MWh BESS) and Papago Solar (150 MW) projects in Maricopa County, Arizona. $825 million financing secured for these projects expected to operate in 2026.
• Quinbrook Infrastructure PartnersmajorChannel Partner/ Reseller/ Distributor · 3 February 2025Quinbrook acquired the 350MW Mallard Pass solar PV project from a joint venture between Windel Energy and Recurrent Energy. Project valued at £240 million, spanning 880 hectares across Lincolnshire and Rutland, UK.
• Arizona Public ServicecoreStrategic or Co-development Partner · 20 June 2024Arizona Public Service Company holds a 20-year tolling agreement for Papago Storage project (1,200 MWh capacity) in Maricopa County, Arizona. Project financing of $513 million secured, construction began Q3 2024.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• NextEra Energy Resources: NextEra Energy Resources is the world's largest utility-scale wind and solar developer and operator, with multi-tens of GW of operating renewable capacity plus a rapidly growing battery storage portfolio. It directly competes with Recurrent Energy on utility-scale solar and BESS project development, financing, and long-term ownership across the same North American geographies.
• Brookfield Renewable Partners: Brookfield Renewable Partners is one of the world's largest publicly traded renewable power platforms, owning and operating utility-scale hydro, wind, solar, and storage assets globally. It both competes with Recurrent Energy as a long-term IPP buyer (e.g., Quinbrook is a Brookfield affiliate) and serves as a comparable model for the developer-to-owner-operator transition Recurrent is pursuing.
• AES Corporation: AES Corporation is a global power generation and utility company with a major AES Clean Energy development business focused on utility-scale solar PV and battery storage. AES competes with Recurrent Energy on PPA origination, project financing, and IPP ownership across the US and Latin America, and operates similar NERC-grade monitoring infrastructure.
• Enel Green Power: Enel Green Power is the global renewable energy arm of Enel Group, operating utility-scale solar, wind, geothermal, and BESS assets across five continents. It is a broad incumbent comparable to Recurrent Energy in geographic scope, IPP strategy, and participation in EU renewable energy auctions and corporate PPAs.
• ENGIE Renewables: ENGIE is a global utility with a major renewables business developing, building, and operating utility-scale solar, wind, and battery storage projects across Europe, the Americas, Africa, and Asia-Pacific. It is a broad incumbent peer of Recurrent Energy in global utility-scale solar+storage development and long-term ownership, often competing for the same European project pipeline and PPA counterparties.

Direct peers

• Lightsource bp: Lightsource bp is a global utility-scale solar project developer and owner-operator active across the US, Europe, Latin America, and Asia-Pacific — closely mirroring Recurrent Energy's six-continent footprint and developer-to-IPP transition. Both companies target similar utility and corporate offtakers and compete for project financing, land, and strategic asset sales to infrastructure investors.
• EDF Renewables: EDF Renewables is a global developer, builder, and operator of utility-scale wind, solar, and battery storage projects with major European and US footprints — directly comparable to Recurrent Energy's geography, technology mix, and customer base. Both compete for utility offtakers, corporate PPAs, and EU/UK CfD allocations.
• Invenergy: Invenergy is a privately held US-based developer, owner, and operator of utility-scale wind, solar, and energy storage projects with operations across North America, Latin America, Europe, and Asia. It is a direct competitor to Recurrent Energy in utility-scale solar and BESS development, IPP transition strategy, and private capital-backed growth.
• EDP Renewables: EDP Renewables (EDPR) is one of the world's top four wind and solar energy producers, operating utility-scale renewable projects across Europe, North America, and South America. It is a direct peer of Recurrent Energy in global utility-scale solar+storage IPP development and competes in similar PPA and CfD markets.
• Clearway Energy: Clearway Energy is a US-focused renewable energy IPP owning and operating utility-scale solar, wind, and battery storage assets, including co-located and standalone BESS. It is a direct peer to Recurrent Energy in contracted renewable cash flows, PPA-backed solar development, and grid-scale storage ownership.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/RecurrentEnergy
• YouTubeyoutube.com/@RecurrentEnergy
• LinkedInlinkedin.com/company/recurrentenergy

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds21 records

Investors19 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Recurrent Energy