Longroad Energy

What Longroad Energy does

Longroad Energy Holdings, LLC is a US-based, privately held renewable energy developer, owner, and operator founded in 2016 and headquartered in Boston, with additional offices in San Francisco, Scarborough (Maine), and Cedar Rapids (Iowa). The company originates, develops, finances, constructs, owns, and operates utility-scale wind, solar PV, and battery energy storage system (BESS) projects across 13+ US states, with a 36 GW development pipeline, 7+ GW developed and acquired, 4.1 GW owned (as of September 2025), and 6.1 GW under management. Its technology stack centers on First Solar Series 7 thin-film PV modules, Fluence Gridstack BESS (with AESC cells and EPC Power inverters), Nextracker smart trackers with 75-degree stow capability, and Sungrow inverters, all monitored via a 24/7/365 Remote Operations Center. The portfolio includes the nearly 1.6 GW Sun Streams Complex in Arizona, Three Corners Solar (Maine), Titan (California), El Campo Wind and the Prospero / 1000 Mile solar developments in Texas, and Milford Wind in Utah, with proposed projects including King Pine Power (Maine), 7 Bridges Solar (Virginia), Mahi Solar and Pūlehu Solar (Hawaii).

Longroad's business model rests on three integrated solution pillars: Development (siting, permitting, interconnection, offtake, and financing through to commercial operations), AI & Cloud Data Centers (co-located greenfield energy campuses for hyperscale AI/cloud load with 10+ GW of planned capacity), and Asset Management & Operations (long-term O&M for owned and third-party fleets). Revenue is generated primarily through long-term bilateral Power Purchase Agreements (PPAs) and Environmental Attributes Purchase Agreements (EAPAs) with utilities, Community Choice Aggregators (CCAs) such as Ava Community Energy and San José Clean Energy, and corporate offtakers such as Meta, supplemented by merchant/wholesale electricity sales, IRA tax-credit transfers to corporate counterparties (e.g., Schneider Electric, Sprouts Farmers Market), tax equity (Morgan Stanley Renewables, U.S. Bancorp), and third-party asset management fees. The company is owned by Infratil Limited (42.5%, independently valued at US$1.37 billion in FY2026), NZ Superannuation Fund, MEAG MUNICH ERGO AssetManagement, and Longroad Energy Partners (the founders' vehicle), with the original co-founder team (CEO Paul Gaynor, COO Michael Alvarez, CFO Peter Keel, CIO Charles Spiliotis) continuing to lead operations after more than 20 years working together.

Name

Longroad Energy

Legal name

Longroad Energy Holdings, LLC

Website

https://longroadenergy.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

Longroad Energy is a US-based developer, owner, and operator of utility-scale wind, solar, and battery storage projects, serving utilities, Community Choice Aggregators, and hyperscale data center customers through long-term PPAs and asset management services across a 36 GW pipeline.

Ownership category

akta.pro rank

Product category

Utility-Scale Renewable Energy Development

NAICS

Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro primary industry

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

Keywords

• Utility-scale renewables
• Wind project development
• Solar energy development
• Battery energy storage
• Renewable energy development

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Long-term Power Purchase Agreements (PPAs): Longroad signs multi-year PPAs with utilities, Community Choice Aggregators (CCAs), and corporate offtakers (e.g., Meta) for the full energy output of utility-scale wind, solar, and storage projects. Provides recurring, contract-based revenue once projects achieve commercial operations.
2. Environmental Attributes Purchase Agreements (EAPAs): Sale of renewable energy certificates / environmental attributes tied to project output, with financial settlement arrangements covering full energy output (e.g., Meta 1000 Mile EAPA). Recurring, contract-based revenue stream.
3. Tax Credit Transfer monetization: Longroad monetizes Inflation Reduction Act-related tax credits by transferring them to corporate counterparties (e.g., Schneider Electric and Sprouts Farmers Market, via U.S. Bank) for completed projects such as Sun Pond. Generates one-time / per-project transaction revenue.
4. Asset Management & Operations services: Longroad Energy Services (affiliate) and partners (NovaSource Power Services, Northstar Energy Management) provide long-term operations and maintenance services both to Longroad-owned projects and to third-party clients, generating managed services revenue.
5. Project development & asset ownership (electricity sales into wholesale markets): As owner-operator of 4.1+ GW of wind, solar, and storage, Longroad earns merchant/wholesale electricity revenue and capacity payments for projects not fully contracted under long-term PPAs. Combined with long-term contract revenue, this constitutes the core recurring revenue base.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

Longroad Energy develops, finances, owns, and operates utility-scale wind, solar, and battery energy storage projects across the United States, selling the resulting electricity and environmental attributes under long-term Power Purchase Agreements (PPAs) and Environmental Attributes Purchase Agreements (EAPAs) to utilities, Community Choice Aggregators, and hyperscale data center customers. The company also delivers co-located energy campus solutions for AI/cloud data centers and provides 24/7 asset management and operations services for its owned fleet and third-party assets.

Product overview

Longroad Energy operates a vertically integrated renewable energy business built on three core, inter-linked solutions: Development (utility-scale wind, solar, and storage project origination, permitting, offtake, and financing), AI & Cloud Data Centers (energy-campus and load-side power solutions for hyperscale AI/cloud customers), and Asset Management & Operations (24/7 owner-operator services through its Remote Operations Center for owned and third-party assets). These three solution pillars are delivered against a portfolio of named utility-scale projects, including the operating Sun Streams Complex (Sun Streams 2/3/4 and Sun Pond) in Arizona, Three Corners Solar in Maine, Titan in California, El Campo Wind and the Prospero, Prospero 2, Umbriel, and 1000 Mile solar developments in Texas, Milford Wind in Utah, and the proposed King Pine Power wind, 7 Bridges Solar, Mahi Solar, and Pūlehu Solar projects. Longroad has developed or acquired 7+ GW of wind, solar, and storage projects with a 36 GW generation development pipeline and more than 10 GW of planned data center load, supported by over $20 billion in third-party capital raised.

Differentiator

Problem solved

Functional benefit

Brands

• King Pine Power: Wind energy project brand for the proposed Aroostook County, Maine wind development.
• Longroad Sun Streams Complex

Products and services

• Development Utility-scale renewable energy project development services for wind, solar, and storage assets, covering siting, permitting, interconnection, offtake, and financing through to commercial operations; serves utilities, Community Choice Aggregators, and hyperscale corporate offtakers.
• AI & Cloud Data Centers Energy campus solutions for hyperscale AI and cloud data-center customers, including co-located greenfield power, operating-site expansion to connect to grid infrastructure, and load-side power for existing/planned campuses; leverages the company's 36 GW development pipeline and 10+ GW of planned data center load.
• Asset Management & Operations Owner-operator services for utility-scale wind, solar, and storage assets, supported by a 24/7/365 Remote Operations Center and on-site technical staff; delivered across Longroad's owned fleet and on behalf of third parties (5.7–6.1+ GW operated and managed).
• Long-term Power Purchase Agreements (PPAs) Multi-year Power Purchase Agreements under which Longroad sells the full electricity output of utility-scale wind, solar, and storage projects to utilities, Community Choice Aggregators (e.g., Ava Community Energy, San José Clean Energy), and corporate offtakers (e.g., Hawaiian Electric for Pūlehu Solar), generating recurring contracted revenue.
• Environmental Attributes Purchase Agreements (EAPAs) Multi-year Environmental Attributes Purchase Agreements under which Longroad sells renewable energy certificates / environmental attributes tied to project output, including financial settlement arrangements covering full energy output (e.g., the Meta 1000 Mile EAPA for 300 MWac / 400 MWdc in Yoakum County, Texas), generating recurring contracted revenue.
• Tax Credit Transfer Monetization Monetization of Inflation Reduction Act-related tax credits by transferring them to corporate counterparties (e.g., Schneider Electric and Sprouts Farmers Market, via U.S. Bank) for completed projects such as Sun Pond; generates one-time / per-project transaction revenue.

Quantifiable outcome

• Longroad has developed or acquired 6 GW of renewable energy projects across the United States and owns 4.1 GW as of Sept 15, 2025
• +9 more outcomes

Named customers4 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

Feature7 records

Partnerships

18 partnerships are on record, tiered flagship, core and minor.

• MetaflagshipStrategic or Co-development PartnerLong-term Power Purchase Agreement (Dec 23, 2024) and Environmental Attributes Purchase Agreement for 1000 Mile Solar (300 MWac / 400 MWdc, Yoakum County, Texas) covering full energy output for Meta data center operations. With 1000 Mile, Longroad and Meta have worked together on more than 1.3 GW of projects supporting Meta's 100% clean energy goal.
• First Solar, Inc.flagshipTechnology or IntegrationFirst Solar is a long-standing module supply partner to Longroad. In November 2023, Longroad extended a 2 GW module supply agreement with First Solar. All five Texas solar projects, including 1000 Mile, use First Solar's Series 7 American-made PV modules. Sun Pond is the fifth Arizona project using First Solar technology financed by Longroad in four years.
• McCarthy Building CompaniescoreImplementation/ SI/ Consulting PartnerMcCarthy Building Companies is the EPC contractor for Sun Pond (Maricopa County, Arizona), employing 200+ workers during construction, using registered apprentices and paying prevailing wage per IRA. Chris Fletcher (McCarthy VP of Operations) leads the project.
• SOLV EnergycoreImplementation/ SI/ Consulting PartnerSOLV Energy is the EPC contractor for 1000 Mile Solar (Yoakum County, Texas), employing 400+ workers at peak construction. Positioned as a full lifecycle services provider and ongoing Longroad partner.
• Fluence EnergycoreTechnology or IntegrationFluence provides the 85 MWac / 340 MWh Gridstack battery energy storage system (BESS) for Sun Pond, including advanced asset management analytics. Fluence has more than 7 GWh of BESS operating in the U.S. John Zahurancik (Fluence President, Americas) oversees the relationship.
• NextrackercoreTechnology or IntegrationNextracker supplies smart tracker equipment for Longroad's projects, including new 75-degree stow capability on 1000 Mile Solar.
• NovaSource Power ServicescoreImplementation/ SI/ Consulting PartnerNovaSource Power Services provides comprehensive O&M services for Longroad's Sun Pond BESS, in conjunction with Fluence and Longroad Energy Services.
• Northstar Energy Management, LLCminorImplementation/ SI/ Consulting PartnerNorthstar Energy Management provides additional O&M support for 1000 Mile Solar alongside Longroad Energy Services.
• Schneider ElectriccoreStrategic or Co-development PartnerSchneider Electric, together with Sprouts Farmers Market and U.S. Bank, signed a Tax Credit Transfer agreement with Longroad Energy for the Sun Pond Solar + BESS project in Maricopa County, Arizona (announced March 2026).
• Sprouts Farmers MarketcoreStrategic or Co-development PartnerSprouts Farmers Market, together with Schneider Electric and U.S. Bank, signed a Tax Credit Transfer agreement with Longroad Energy for the Sun Pond Solar + BESS project to advance Sprouts' energy security objectives.
• Ever Green TeamminorStrategic or Co-development PartnerEver Green Team is Longroad's conservation partner at the 7 Bridges Solar project in Mecklenburg County, Virginia, preserving more than 250 acres between 7 Bridges Solar and the South Meherrin River (announced March 2025).
• Solar Energy Industries Association (SEIA)minorOthersLongroad is a member of SEIA, the US solar industry trade association, with logo displayed on the company homepage footer.
• American Council On Renewable Energy (ACORE)minorOthersLongroad is a member of ACORE, the American Council on Renewable Energy, with logo displayed on the homepage footer.
• WRISE (Women of Renewable Industries and Sustainable Energy)minorOthersLongroad is a member of WRISE, with logo displayed on the homepage footer.
• Emissions First PartnershipminorOthersLongroad is a member of the Emissions First Partnership, with logo displayed on the homepage footer.
• Texas Solar Power AssociationminorOthersLongroad is a member of the Texas Solar Power Association, with logo displayed on the homepage footer.
• Maine Renewable Energy AssociationminorOthersLongroad is a member of the Maine Renewable Energy Association, with logo displayed on the homepage footer.
• Valta EnergyminorStrategic or Co-development PartnerLongroad made a recent investment in Valta Energy to leverage new capital for asset ownership and acquisitions.

Scale indicators23 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Invenergy: Privately held US renewable energy developer, owner, and operator with a multi-GW wind, solar, and storage portfolio and a stated focus on data-center and hyperscale offtake. Closest direct comparable to Longroad in size, private ownership, owner-operator model, and hyperscale-customer strategy.
• Cypress Creek Renewables: US solar developer with a focus on community choice aggregator and corporate offtake. Comparable customer segments (CCAs, municipal utilities) and US-only footprint, though more solar-only and smaller-scale than Longroad's gigawatt projects.
• Clearway Energy: Yieldco-style owner-operator of utility-scale wind and solar in the US, with contracted cash flow under long-term PPAs. Comparable contract-based revenue model and asset base, though Clearway is publicly traded and historically more yield-oriented than growth-oriented.
• Apex Clean Energy: US-based privately held utility-scale wind and solar developer with multi-GW operating and pipeline assets and corporate offtake expertise. Closely comparable in business model, scale (~5–8 GW range), and target customer mix, though historically more wind-weighted than Longroad.
• Avantus (formerly 8minute Solar Energy): US utility-scale solar and storage developer acquired by QIC and CyrusOne-linked investors with a large late-stage project pipeline. Direct peer in technology focus (PV + storage), California/Arizona/Texas geographic overlap, and hyperscaler/data-center PPA orientation.

Regional players

• Lightsource bp: Global utility-scale solar developer and owner-operator with growing US presence (e.g., 365 MW US projects). Compares on solar+storage project development and corporate PPA model, though headquartered internationally and with broader geographic footprint than Longroad's US-only model.

Broad incumbents

• Engie North America: North American arm of global utility Engie, with a growing renewable and battery storage portfolio and corporate PPA track record. Comparable in technology and customer mix; differentiated by parent-company balance sheet and global scale.
• NextEra Energy Resources: World's largest utility-scale wind and solar developer/operator and the dominant independent power producer. Directly comparable business model (development, ownership, operations of wind/solar/storage) and the same hyperscaler/corporate PPA market Longroad targets, but at materially larger scale and with regulated-utility balance-sheet backing.
• EDF Renewables North America: US subsidiary of EDF Renewables developing utility-scale wind, solar, and storage with corporate PPA experience. Similar technology stack (First Solar, Fluence, smart trackers) and hyperscale customer focus, but operates inside a much larger global utility group.
• AES Corporation: Diversified US and global power company with a large renewables development pipeline and an explicit data-center growth strategy (AES Next). Overlaps with Longroad on utility-scale solar/storage development and hyperscale PPA origination, though AES is publicly traded and operates a broader generation mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries3 records

Funding overview

Funding rounds3 records

Investors3 records

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

M&A

Investments1 record

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

Frequently asked questions about Longroad Energy