MN8 Energy
MN8 Energy is an independent US power producer that develops, finances, owns, and operates utility-scale solar, battery storage, and EV charging infrastructure under long-term PPAs, tolling agreements, and Charging-as-a-Service contracts for enterprise, government, utility, and education customers across 29 states.
- Company typePrivate
- Founded2017
- HeadquartersNew York, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What MN8 Energy does
MN8 Energy is an independent US power producer that develops, finances, constructs, owns, and operates utility-scale solar photovoltaic projects, grid-scale battery energy storage systems (BESS), and EV charging infrastructure under an Energy-as-a-Service (EaaS) model. The company was spun out of Goldman Sachs Asset Management's Renewable Power Group in 2022 and is led by former GSRP executives, operating a fleet of approximately 4 GW of solar, 1.5 GWh of battery storage, and 40+ EV charging sites across 29 US states, with 875+ completed projects to date. MN8 sells the output of its assets primarily through long-term (20-25 year) Power Purchase Agreements (PPAs), Virtual PPAs (VPPAs), and battery tolling agreements with hyperscale technology companies (Microsoft, Meta), government and municipal entities (WMATA, City of Cambridge, NYCEDC), universities (Brown, Stanford), community choice aggregators (Sonoma Clean Power, 3CE, SVCE), and utilities.
The company's core technology stack centers on an integrated solar-plus-storage project delivery model (e.g., the 390 MW solar + 561 MWh Slate project in Kings County, California; the 100 MW / 400 MWh Pome standalone BESS in Poway), supported by a proprietary asset management software platform and an in-house control room staffed by 46+ asset management experts. MN8 has pioneered a solar and BESS Master Indenture Structure that enables scalable portfolio bond financing across 29 operating projects, winning the Proximo 2025 Deal of the Year Award. Its distribution is anchored by direct enterprise field sales targeting large corporates, government agencies, and utilities through bespoke, long-cycle deals, supplemented by branded charging partnerships with Mercedes-Benz and Starbucks and a Charging-as-a-Service (CaaS) model for fleet and retail customers. The business model is capital-intensive and infrastructure-style: recurring revenue from long-dated offtake contracts is funded by a sequenced mix of private placement equity (Mercuria, Ridgewood), construction bridge debt (Natixis), senior secured notes, an upsized $650M corporate credit facility, and equipment loans (MUFG), with the IRA tax-credit-transferability mechanism actively leveraged.
MN8 Energy firmographics
Firmographics- Name
- MN8 Energy
- Legal name
- MN8 Energy, Inc.
- Website
- https://mn8energy.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- MN8 Energy is an independent US power producer that develops, finances, owns, and operates utility-scale solar, battery storage, and EV charging infrastructure under long-term PPAs, tolling agreements, and Charging-as-a-Service contracts for enterprise, government, utility, and education customers across 29 states.
- Ownership category
- akta.pro rank
MN8 Energy industry classification
Industry- Product category
- Utility-Scale Renewable Energy Generation and Storage
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Charging Network Operators & CPOs Offering Smart Charging/V2G (EUAFAMAD), Distributed Storage (Behind-the-Meter Batteries) (EUAMAJAE), PCS (Power Conversion System) Engineering, Supply & Integration (EUAEAEAF), Energy Storage Software & Controls (EMS, monitoring, optimization, cybersecurity) (IMAGAHAJ)
Keywords
Where MN8 Energy is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
MN8 Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Power Purchase Agreements (PPAs) and Virtual PPAs (VPPAs): MN8 sells electricity generated by its solar and battery storage projects under long-term PPAs (direct, sleeved) and VPPAs (financial) to enterprise customers, government entities, utilities, and educational institutions. Revenue is recurring over contract terms typically spanning 20–25 years, providing long-term contracted cash flows. The company also sells Renewable Energy Certificates (RECs) alongside electricity under these agreements.
- Battery Storage Tolling Agreements: MN8 enters tolling agreements for its battery energy storage systems, wherein the company provides dispatchable storage capacity to offtakers (utilities, community choice aggregators, grid operators) in exchange for capacity payments or energy market participation revenues. The Pome BESS (100 MW / 400 MWh in California) is fully contracted by Sonoma Clean Power under a 10-year tolling agreement.
- EV Charging as a Service (CaaS): MN8 designs, finances, builds, owns, and operates EV charging infrastructure for fleets, OEMs, and retail partners. Revenue is generated through charging session fees, per-kWh or per-session pricing, and revenue-sharing arrangements with host sites. MN8 also monetizes Low Carbon Fuel Standard (LCFS) credits associated with EV charging at California sites.
- Project Development and Asset Management Services: MN8 provides end-to-end development, engineering, procurement, construction (EPC), operations and maintenance (O&M), and asset management services. In some cases these are bundled with project ownership; in others they are delivered as professional services to co-development partners, joint ventures, or public-private partnerships.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Onsite Solar PPA — fixed electricity rate for term of agreement |
| Subscription | Multi-year contract | Virtual Power Purchase Agreement (VPPA) — hedge-style financial PPA |
| Hybrid | Multi-year contract | Charging-as-a-Service (CaaS) — subscription model for EV charging infrastructure |
| Subscription | Multi-year contract | Battery Storage Tolling Agreements — capacity payment per MW per period |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
MN8 Energy product offering
Product offeringCore offering
MN8 Energy is an independent power producer that develops, finances, constructs, owns, and operates utility-scale solar photovoltaic projects, grid-scale battery energy storage systems (BESS), and EV charging infrastructure in the United States. The company sells the electricity, storage capacity, and charging access it generates to enterprise, government, utility, and educational customers under long-term Power Purchase Agreements (PPAs), Virtual PPAs (VPPAs), Battery Storage Tolling Agreements, and Charging-as-a-Service (CaaS) contracts, bundled with Renewable Energy Certificates (RECs).
Product overview
MN8 Energy is an independent power producer offering a portfolio of clean energy solutions centered on three core products: Solar Energy, Battery Storage, and EV Charging Infrastructure. All solutions are delivered through an Energy-as-a-Service (EaaS) model where MN8 designs, finances, builds, owns, and operates the assets, allowing enterprise customers to access renewable energy without upfront capital investment. The company operates across utility-scale and distributed generation, serving enterprise customers, government entities, utilities, and educational institutions with customized decarbonization, resiliency, cost savings, and vehicle electrification solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar Energy Solutions (Onsite and Grid-Scale) MN8's solar energy solutions include onsite solar installations (rooftop, carport, ground-mount) and grid-scale renewables, delivered through Power Purchase Agreements (PPAs), Virtual PPAs (VPPAs), and Renewable Energy Certificates (RECs). Designed for enterprises, governments, utilities, and educational institutions seeking flexible pathways to decarbonization without upfront capital costs.
- Battery Energy Storage Systems (BESS) Grid-scale and onsite battery energy storage systems that provide dispatchable capacity, strengthen grid stability, and enable greater renewable integration. Includes standalone BESS contracted via tolling agreements (e.g., Pome 100 MW / 400 MWh with Sonoma Clean Power) and onsite storage with microgrids for load shifting and demand charge management.
- EV Charging Infrastructure (Charging-as-a-Service) Scalable EV charging solutions delivered through a Charging-as-a-Service (CaaS) model for fleets, OEMs, and retail partners. Covers design, permitting, financing, installation, and ongoing operations. Includes branded public networks (Mercedes-Benz High Power Charging), depot charging, and shared hubs such as the San Jose Clean Energy 40-port DC fast charging network.
- Energy-as-a-Service (EaaS) Turnkey renewable energy service model under which MN8 designs, finances, builds, owns, and operates projects on behalf of enterprise customers, allowing them to access renewable energy and storage without upfront capital investment or operational complexity. Bundles solar, storage, and EV charging under a single multi-year service contract.
Quantifiable outcome
- 3.45 million metric tons of CO₂ displaced in 2024 — equivalent to removing 804,000+ gasoline cars from the road
- +5 more outcomes
Companies that use MN8 Energy
Customer profileNamed customers13 records
Segments5 records
Ideal customer profiles5 records
MN8 Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
MN8 Energy partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, supporting and flagship.
- Sonoma Clean PowercoreMN8 entered a 10-year tolling agreement with Sonoma Clean Power for the 100 MW / 400 MWh Pome standalone BESS in Poway, California. Sonoma Clean Power contracts the dispatchable storage capacity to support its goal of delivering round-the-clock clean energy to its customers in the CAISO market.
- San Jose Clean Energy (SJCE)coreMN8 signed a tolling agreement with San Jose Clean Energy to design, build, own, and operate 40 DC fast-charging ports across five city-owned sites in San Jose, California. MN8 funds the project and SJCE receives affordable EV charging access for underserved communities.
- City HarvestsupportingMN8 provides EV charging infrastructure via a 32-stall DC fast charger hub at the Hunts Point Food Distribution Center in the Bronx, supporting City Harvest's fleet of Volvo VNR Electric semi trucks as part of the Bronx is Breathing initiative funded by NYSERDA.
- Eos Energy EnterprisescoreMN8 signed a supply agreement with Eos Energy to deploy up to 750 MWh of American-made zinc-based long-duration energy storage systems across MN8's renewable projects in North America. The partnership supports data center, commercial, and industrial energy resilience applications using domestically manufactured battery technology.
- NYCEDC (New York City Economic Development Corporation)coreNYCEDC selected MN8 to build New York City's first freight-focused EV charging depot (Gateway to Hunts Point) at the Hunts Point Food Distribution Center. The project includes 42 EV chargers, a workforce development hub ('The Bolt'), and community solar — backed by a $40 million city commitment and aligned with the Bronx is Breathing initiative and Mayor Adams' Green Economy Action Plan.
- NYSERDAsupportingNYSERDA administered the $10 million New York Clean Transportation Prizes program that funded City Harvest's Volvo VNR Electric trucks and the broader Bronx is Breathing initiative, within which MN8's Hunts Point charging hub is a key infrastructure component.
- Volvo Group North AmericasupportingVolvo delivered its first Mack LR Electric refuse truck to Royal Waste as part of the Bronx is Breathing initiative. MN8's charging infrastructure at Hunts Point serves to recharge these and similar heavy-duty EVs operating in the food distribution ecosystem.
- Insight Collab Roundtables (ICRT)supportingMN8 collaborates with Insight Collab Roundtables to host invite-only dinners convening top investors, founders, and executives in the energy transition. The partnership serves as a thought leadership and networking channel for building relationships with key decision-makers.
- Mercedes-BenzflagshipMN8 entered a joint venture with Mercedes-Benz to develop, build, and operate a branded Mercedes-Benz High Power Charging network across North America, featuring ultra-fast DC charging stations for Mercedes-Benz drivers and the broader EV market. MN8 covers half the costs and operates the network. MN8 has also partnered with Mercedes-Benz and Starbucks to launch an elevated EV charging experience at Starbucks locations.
- StarbucksflagshipMN8 partnered with Mercedes-Benz and Starbucks to launch an elevated EV charging experience at Starbucks locations across America. The branded charging hubs are co-developed and operated by MN8, creating a unique retail charging destination model.
- First SolarsupportingMN8 signed a 457 MW supply agreement with First Solar for solar panels, securing a critical equipment supply chain for its US project pipeline. The agreement supports MN8's safe-harbor panel strategy and federal tax credit eligibility.
- Recurrent EnergysupportingRecurrent Energy (a wholly owned subsidiary of Canadian Solar) originally developed the Slate Solar + Storage project (390 MW solar + 561 MWh storage), which was subsequently acquired and brought into MN8's portfolio. Recurrent delivered the project to GSRP/MN8 for long-term operation.
Scale indicators14 records
Recent moves7 records
Expansion highlights6 records
MN8 Energy competitors and assessment
Company assessmentDirect peers
- Invenergy: US-headquartered independent power producer developing, owning, and operating utility-scale wind, solar, and battery storage across North America. Most direct peer to MN8 given shared focus on hyperscaler and utility offtake, full-lifecycle solar + storage development, and enterprise field-sales GTM.
- D.E. Shaw Renewable Investments (DESRI): US-focused renewable energy developer and operator with a multi-gigawatt solar and storage portfolio, founded by D.E. Shaw Group. Closely comparable to MN8 in scale, enterprise PPA orientation, and project-finance-driven independent power producer model.
- AES Clean Energy: US utility-scale solar, wind, and battery storage developer and operator owned by The AES Corporation. Operates comparable solar + storage pipelines contracted under PPAs/tolling agreements with hyperscalers, utilities, and corporates – directly overlapping with MN8's Slate-, Pome- and Microsoft-style engagements.
- Clearway Energy: Yieldco-style US renewable IPP with significant utility-scale solar and battery storage assets contracted under long-term PPAs and tolling agreements. Public-market proxy for MN8's contracted cash flow IPP model, including dispatchable storage capacity sales to CCAs and utilities.
Broad incumbents
- NextEra Energy Resources: Largest US renewable energy operator and developer and a subsidiary of NextEra Energy. Competes for utility-scale solar + storage offtake with hyperscalers and utilities nationwide at greater scale than MN8, but offers a much broader generation portfolio.
- ENGIE North America: US arm of global utility ENGIE with utility-scale solar, wind, storage, and EV charging projects. Comparable on enterprise renewable PPAs and EV infrastructure but operates as part of a much larger, globally diversified energy portfolio.
- EDF Renewables North America: US renewable development subsidiary of EDF, operating utility-scale solar, wind, and storage projects under PPAs and tolling structures. Competes for the same hyperscaler, utility, and corporate offtake pipeline as MN8 but with broader geographic and technology scope.
- Avantus (formerly EDP Renewables North America): US utility-scale solar, storage, and transmission developer, the North American renewables arm of EDP. Competes for hyperscaler PPAs and storage tolling with a regionally comparable approach, though embedded within a larger international renewable platform.
Emerging players
- Lightsource bp: Global utility-scale solar developer with significant US project pipeline and growing solar + storage portfolio. Comparable enterprise sales motion and long-term PPA structures, but smaller US installed base than MN8 and a more emerging footprint domestically.
- Aypa Power: US-focused independent developer of front-of-meter battery energy storage projects that compete directly in the same capacity/tolling market as MN8's Pome BESS. Smaller and storage-only relative to MN8's full solar + storage + EV platform.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
MN8 Energy social profiles
Digital presenceMN8 Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
MN8 Energy leadership team
Management profileNumber of profiles
Profiles18 records
MN8 Energy funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MN8 Energy M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MN8 Energy
What does MN8 Energy do?
MN8 Energy is an independent power producer that develops, finances, constructs, owns, and operates utility-scale solar photovoltaic projects, grid-scale battery energy storage systems (BESS), and EV charging infrastructure in the United States. The company sells the electricity, storage capacity, and charging access it generates to enterprise, government, utility, and educational customers under long-term Power Purchase Agreements (PPAs), Virtual PPAs (VPPAs), Battery Storage Tolling Agreements, and Charging-as-a-Service (CaaS) contracts, bundled with Renewable Energy Certificates (RECs).
Is MN8 Energy a public or private company?
MN8 Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was MN8 Energy founded?
MN8 Energy was founded in 2017. It employs 251 to 500 people.
Where is MN8 Energy based?
MN8 Energy is headquartered in New York, United States, in the North America region.
How does MN8 Energy make money?
Four revenue lines are on record. Power Purchase Agreements (PPAs) and Virtual PPAs (VPPAs) is the primary driver. The others are battery Storage Tolling Agreements, EV Charging as a Service (CaaS) and project Development and Asset Management Services.
Who are MN8 Energy's main competitors?
Direct peers on record are Invenergy, D.E. Shaw Renewable Investments (DESRI), AES Clean Energy and Clearway Energy. Broad incumbents are NextEra Energy Resources, ENGIE North America, EDF Renewables North America and Avantus (formerly EDP Renewables North America). Emerging players are Lightsource bp and Aypa Power.
Does MN8 Energy have an API?
No public API is recorded for MN8 Energy.
What industry is MN8 Energy in?
MN8 Energy's product category is Utility-Scale Renewable Energy Generation and Storage. Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of EUAFAMAD, Charging Network Operators & CPOs Offering Smart Charging/V2G. Its NAICS code is 221114 and its SIC code is 4991.