Aligned Climate Capital

What Aligned Climate Capital does

Aligned Climate Capital is a New York-based clean energy asset manager founded in 2019 that connects institutional capital with climate transition investments through two complementary strategies. Aligned Solar Partners (ASP) is an infrastructure platform that acquires construction-ready distributed solar and energy storage projects (1–50 MWac) from development partners, finances construction through equity and construction debt (with lenders including Seminole Financial Services and Live Oak Bank), monetizes federal Investment Tax Credits under the Inflation Reduction Act, and operates assets for current cash yield before eventually selling operating portfolios to institutional infrastructure investors. The Aligned Climate Fund (ACF) is a venture strategy deploying $2–$10 million into Seed through Series B clean energy companies across four sectors: clean energy, electric transport, efficient and resilient infrastructure, and sustainable land use, with a portfolio that includes CarbonQuest, XGS Energy, Sealed, SWTCH Energy, ChargerHelp!, BrightNight, and others. The firm manages approximately $2.2 billion in assets for more than 100 institutional investors and has executed more than 70 investments since inception across at least eight U.S. states plus Washington DC.

The firm monetizes through three primary revenue streams: recurring management fees on AUM across both strategies, transaction-based revenue from tax credit monetization and infrastructure portfolio sales, and carried interest on venture and infrastructure exits. Underlying its competitive position is deep federal policy and project finance expertise drawn from the leadership's tenure at the U.S. Department of Energy's Loan Programs Office (where CEO Peter Davidson oversaw a $32 billion portfolio), a 100+ institutional LP distribution network, and integrated ESG/impact reporting aligned with PRI, TCFD, SASB, and UN SDG frameworks. The firm donates 3% of carried interest to climate-focused nonprofits and has been recognized on the ImpactAssets 50 2025 list and Forbes Sustainability Leaders 2025.

Customer and counterparty concentration is intentionally diversified: capital comes from a broad institutional LP base anchored by Ford Foundation and The Rockefeller Foundation, construction debt is sourced from multiple lenders, and offtake is spread across multiple regional utilities (Delmarva Power, Eversource, Central Maine Power, Versant Power, PEPCO) and host-site customers including Igloo Ice Rink and Howell Ice Arena. Headcount is small (11–50 employees), with senior leadership, asset management, construction oversight, IR/ESG, and finance functions distributed across offices in New York, Los Angeles, and Portland, Maine.

Name

Aligned Climate Capital

Legal name

Aligned Climate Capital LLC

Website

https://alignedclimatecapital.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Aligned Climate Capital is a New York-based clean energy asset manager founded in 2019 managing approximately $2.2 billion across two strategies — Aligned Solar Partners for distributed solar and storage infrastructure, and the Aligned Climate Fund for venture-stage clean energy investments — serving more than 100 institutional investors with projects spanning at least eight U.S. states.

Ownership category

akta.pro rank

Product category

Clean Energy Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Climate / Clean Tech & Decarbonization Funds (FSANAJAA)

akta.pro secondary industries

Energy & Sustainability / Climate Growth Equity (FSANACAG), Sustainable Infrastructure & Resilient Cities Funds (FSANAJAC), Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD)

Keywords

• Clean energy investing
• Infrastructure asset management
• Solar project financing
• Venture climate capital
• Institutional investment management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees and Carried Interest: Aligned earns management fees on assets under management and carried interest (performance fees) on fund investments. The firm manages approximately $2.2 billion of assets for more than 100 institutional investors including corporates, endowments, foundations, pensions, and family offices.
2. Tax Credit Monetization and Portfolio Sales: Aligned Solar Partners generates revenue through construction financing, tax credit monetization (Investment Tax Credit under the IRA), operating income distributions, and portfolio sales to institutional infrastructure investors following the tax recapture period.
3. Asset Operating Income: The firm owns and operates distributed solar and energy storage projects that generate annual cash distributions from electricity generation and PPA revenues.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Aligned Climate Capital is a clean energy-focused asset manager that raises capital from institutional investors and deploys it across two strategies: the Aligned Solar Partners infrastructure platform, which acquires, finances, owns, and operates distributed solar and energy storage projects (1–50 MWac) across multiple U.S. states, and the Aligned Climate Fund venture strategy, which makes $2–$10M Seed-through-Series B equity investments in clean energy, electric transport, efficient buildings, and sustainable land use companies.

Product overview

Aligned Climate Capital operates through two primary investment strategies: the Aligned Climate Fund (venture capital) and Aligned Solar Partners (infrastructure). The Aligned Climate Fund provides growth capital to seed through Series B stage companies deploying proven clean energy technologies across clean energy, efficient buildings, electric transport, and sustainable land use. Aligned Solar Partners owns and operates distributed solar and energy storage projects across the US, acquiring construction-ready assets from developers, financing construction, monetizing tax credits, and managing assets for current cash yield. The firm manages multiple fund vehicles including the Aligned Solar Partners 6 LP (ASP6) infrastructure fund and Aligned Climate Fund 2 LP (ACF2) venture fund, with a portfolio spanning 40+ solar projects and 15+ venture portfolio companies.

Differentiator

Problem solved

Functional benefit

Brands

• Aligned Climate Fund (ACF): Venture capital strategy providing capital to Seed through Series B companies deploying proven clean energy solutions in Clean Energy, Efficient Buildings, Electric Transport, and Sustainable Land Use sectors.
• Aligned Solar Partners (ASP)

Products and services

• Aligned Climate Fund (ACF) Venture capital fund investing $2–$10M in seed through Series B companies deploying and scaling proven clean energy and climate solutions, including project developers, service companies, and software platforms across Clean Energy, Electric Transport, Efficient & Resilient Infrastructure, and Sustainable Land Use sectors. USA primary focus with broader North America reach.
• Aligned Solar Partners (ASP) Infrastructure strategy that owns and operates a portfolio of distributed solar, energy storage, and other clean energy projects across the United States. Acquires construction-ready projects (1–50 MWac) from developers, monetizes applicable tax credits, and operates the assets for current cash yield. Focus areas include community solar, distributed energy storage, C&I solar, and small utility-scale solar.
• Aligned Solar Partners 6 LP (ASP6) Sixth distributed solar fund vehicle acquiring construction-ready distributed solar projects (1–50 MWac) from development partners, financing build-out, and delivering returns through tax credit monetization, operating income distributions, and portfolio sales to institutional infrastructure investors. Construction debt placed with Seminole Financial Services.
• Aligned Climate Fund 2 LP (ACF2) Second venture fund investing exclusively in Seed through Series B companies scaling proven clean energy and decarbonization solutions across Clean Energy, Efficient Buildings, Electric Transport, and Sustainable Land Use sectors.

Quantifiable outcome

• 1.16 million MWh of clean energy generated since 2018
• +5 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

19 partnerships are on record, tiered core, supporting and strategic.

• ReWild RenewablescoreStrategic or Co-development Partner · 12 May 2025ReWild Renewables is a development partner that developed two of ASP6's current projects in Delaware (Rifle Range Solar and Delaware Avenue Solar). The firm has collaborated with Aligned on multiple successful projects over the years, exemplifying the firm's strategy of partnering with developers having consistent track records.
• Solar GainessupportingImplementation/ SI/ Consulting Partner · 12 May 2025Solar Gaines is the EPC (Engineering, Procurement, and Construction) contractor that built the Delaware community solar projects (Rifle Range Solar and Delaware Avenue Solar) developed by ReWild Renewables and financed by Aligned Climate Capital.
• XGS EnergystrategicStrategic or Co-development Partner · 26 March 2025Aligned Climate Capital invested in XGS Energy (initial investment February 2025), a geothermal technology company developing closed-loop systems with patented Thermal Reach Enhancement (TRE) technology for scalable clean firm power.
• CarbonQuestcoreStrategic or Co-development Partner · 1 January 2025Aligned Climate Capital provided $20 million in funding to CarbonQuest alongside Riverbend Energy Group and Energy Capital Ventures to scale distributed carbon capture technology across North America. This is a venture investment through the Aligned Climate Fund strategy.
• Port WindsupportingStrategic or Co-development Partner · 1 May 2024Port Wind received venture investment from Aligned Climate Fund (initial investment May 2024). Port Wind is developing a large-scale offshore wind marshaling port on the U.S. East Coast to address supply chain constraints in offshore wind.
• BrightNightcoreStrategic or Co-development Partner · 1 February 2024BrightNight received investment from Aligned Climate Fund (initial investment February 2024). BrightNight is a technology-driven developer of utility-scale renewable energy projects specializing in solar, battery storage, and hybrid energy solutions.
• EVenergisupportingStrategic or Co-development Partner · 15 November 2023EVenergi received investment from Aligned Climate Fund. EVenergi provides fleet charging solutions and is one of the venture portfolio companies mentioned in the ACF2 close announcement.
• BetterFleetsupportingStrategic or Co-development Partner · 1 November 2023BetterFleet received venture investment from Aligned Climate Fund (initial investment November 2023). BetterFleet provides advanced software solutions to simplify the transition to zero-emission vehicle fleets.
• BoxPowercoreStrategic or Co-development Partner · 19 September 2023BoxPower received venture investment from Aligned Climate Fund (initial investment February 2023). BoxPower provides turnkey modular microgrid solutions integrating solar, battery storage, and backup generators for remote and off-grid applications.
• ChargerHelp!coreStrategic or Co-development Partner · 1 April 2023ChargerHelp! received venture investment from Aligned Climate Fund (initial investment April 2023). ChargerHelp! delivers operations and maintenance services for EV charging infrastructure, ensuring uptime and reliability through a hardware-agnostic digital platform.
• Nyle Water Heating SystemscoreStrategic or Co-development Partner · 1 January 2023Nyle Water Heating Systems received $6 million investment from Aligned Climate Fund (initial investment January 2023). Nyle designs and manufactures commercial heat pump water heaters for multifamily buildings, hospitals, and schools enabling large-scale decarbonization.
• NuViewsupportingStrategic or Co-development Partner · 1 July 2022NuView received venture investment from Aligned Climate Fund (initial investment July 2022). NuView is a geospatial technology company leveraging LiDAR solutions for high-resolution 3D mapping supporting environmental monitoring and climate resilience.
• UtilityAPIsupportingStrategic or Co-development Partner · 1 May 2022UtilityAPI received venture investment from Aligned Climate Fund (initial investment May 2022). UtilityAPI streamlines utility data access for clean energy providers, automating data collection and sharing to accelerate deployment of energy efficiency and DER solutions.
• SWTCH EnergysupportingStrategic or Co-development Partner · 1 April 2022SWTCH Energy received venture investment from Aligned Climate Fund (initial investment April 2022). SWTCH delivers intelligent EV charging solutions for multifamily buildings, workplaces, and commercial properties with cloud-based management platform.
• ChargeNetcoreStrategic or Co-development Partner · 1 December 2021ChargeNet received investment from Aligned Climate Fund (initial investment December 2021). ChargeNet develops and operates EV fast-charging stations at quick-serve restaurants paired with battery storage, with Aligned's portfolio including Newark Solar, Rohnert Park Solar, and Santa Rosa Solar projects.
• PulsorasupportingStrategic or Co-development Partner · 1 October 2021Pulsora received venture investment from Aligned Climate Fund (initial investment October 2021). Pulsora provides enterprise-grade sustainability performance management platforms for ESG data tracking, management, and reporting.
• CleanFibersupportingStrategic or Co-development Partner · 1 September 2021CleanFiber received venture investment from Aligned Climate Fund (initial investment September 2021). CleanFiber manufactures high-performance cellulose insulation from recycled corrugated cardboard for building sector decarbonization.
• SealedsupportingStrategic or Co-development Partner · 1 June 2021Sealed received venture investment from Aligned Climate Fund (initial investment June 2021). Sealed helps homeowners reduce energy waste through heat pump installations and insulation upgrades with no upfront costs, using ML algorithms to predict energy savings.
• Summit Ridge EnergycoreStrategic or Co-development Partner · 1 January 2021Summit Ridge Energy is a portfolio company (venture investment). SRE is a developer, owner, and operator of community solar projects across the U.S., specializing in distributed solar and energy storage financing and deployment.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Generate Capital: Generate Capital is a leading infrastructure financier specializing in distributed clean energy, energy storage, and sustainable infrastructure. Like Aligned, it raises institutional capital into long-duration infrastructure assets and offers a comparable distributed-energy deployment model, though at substantially larger AUM scale.
• VoLo Earth Ventures: VoLo Earth Ventures is a climate-focused venture fund backing early-stage companies working on climate solutions and clean energy. Comparable to Aligned Climate Fund on stage, mission, and LP composition including foundation-led capital.
• Energy Impact Partners: Energy Impact Partners is a venture and growth equity platform investing across the clean energy value chain with a strategic LP coalition of utilities and energy corporates. It is highly comparable to Aligned's Climate Fund given shared venture-stage climate focus and institutional LP base, though it deploys from larger funds.
• Congruent Ventures: Congruent Ventures invests in Seed and Series A startups decarbonizing the real economy across energy, mobility, and the built environment. Highly comparable to Aligned Climate Fund on stage, sector, and check size, with similar institutional impact-LP base.
• Cypress Creek Renewables: Cypress Creek Renewables is a solar development and asset management platform focused on community, utility, and C&I solar across the U.S. Directly comparable to Aligned Solar Partners on distributed solar strategy, geography, and developer-to-asset-owner business model.
• Clean Energy Ventures: Clean Energy Ventures is an early-stage venture capital firm funding Seed and Series A companies commercializing climate-tech innovations. Closely matches Aligned Climate Fund's stage focus, check size, and clean-energy thesis, with comparable institutional LP backing.
• Prelude Ventures: Prelude Ventures is an early-stage venture firm investing exclusively in climate-tech solutions across energy, transportation, buildings, and industry. Directly comparable to Aligned Climate Fund on Seed/Series A clean-tech mandate and similar institutional LP composition.

Broad incumbents

• Meridiam: Meridiam is a global infrastructure asset manager specializing in sustainable public infrastructure. Relevant as CIO James Rubin's prior firm and comparable to Aligned Solar Partners on long-duration institutional infrastructure investing, though Meridiam operates at materially larger scale globally.
• Closed Loop Partners: Closed Loop Partners is a circular-economy and climate-focused investment platform deploying venture, growth, and private credit capital. Comparable to Aligned on multi-strategy climate/sustainability investing and institutional LP base, though with broader thematic scope.
• Capricorn Investment Group: Capricorn is an established impact-focused alternative investment manager deploying capital across venture, growth, and infrastructure in climate and clean energy. Comparable to Aligned on mission-aligned institutional LPs and multi-strategy climate platform, though at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aligned-climate-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Funding overview

Funding rounds

Investors

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

M&A

Investments21 records

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

Frequently asked questions about Aligned Climate Capital