Estuary Power
Estuary Power develops, owns, and operates utility-scale solar and battery storage projects across the western United States, delivering long-term power purchase agreements to hospitality enterprises, utilities, and federal facilities in Nevada.
- Company typePrivate
- Founded2013
- HeadquartersReno, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Estuary Power does
Estuary Power is a Reno, Nevada-based energy infrastructure developer founded in 2013 that develops, owns, and operates utility-scale solar generation and battery storage projects across the western United States. The company delivers long-duration clean energy under long-term power purchase agreements (PPAs) to a concentrated set of enterprise customers, including three Nevada hospitality operators (MGM Resorts, Caesars Entertainment, Wynn Las Vegas), a rural electric cooperative (Overton Power District No. 5), and federal government facilities under the Department of Energy and National Nuclear Security Administration. With a staff of 1-10 employees, Estuary operates as a developer-sponsor that capitalizes projects through institutional infrastructure equity and project-level debt and tax-equity structures; it is majority woman-owned and anchored by Ullico Infrastructure Fund as primary equity sponsor.
The company's project portfolio centers on combined solar-plus-storage generation with utility-scale transmission interconnection. Its flagship operating asset, the Escape project, pairs 185 MW of solar PV with 400 MWh of battery storage and grid-forming inverters designed for firm renewable dispatch over a 25-year operating life. The development pipeline includes Coyote (1,800 MW solar / 6,400 MWh storage), Atomic (200 MW solar / 800 MWh storage, sited on the Nevada National Security Site under a DOE/NNSA easement secured via the Cleanup to Clean Energy Initiative), Crystal (4,800 MWh standalone storage), Turquoise (60 MW solar), and the operating Lincoln County Generating Station (1,070 MW natural gas). Together these represent a multi-gigawatt pipeline that, if executed, would shift the company from a single-asset operator to a top-tier independent power producer in the western US.
Estuary's revenue model is built on long-dated PPAs that lock in price and volume for 25 years, supplemented by capacity market revenues, IRA-supported Investment Tax Credit / Production Tax Credit monetization, and ancillary services such as resource adequacy. Project-level economics are enhanced by a $340 million debt-and-tax-equity raise executed for the Escape project in early 2025, which also validated institutional lender appetite for the company's subsequent pipeline. Strategic differentiation rests on federal land access via NNSS, a women-owned business status applicable to certain procurement preferences, and a sponsor base oriented toward union-affiliated infrastructure capital through Ullico.
Estuary Power firmographics
Firmographics- Name
- Estuary Power
- Legal name
- Estuary Power LLC
- Website
- https://estuarycapitalpartners.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Estuary Power develops, owns, and operates utility-scale solar and battery storage projects across the western United States, delivering long-term power purchase agreements to hospitality enterprises, utilities, and federal facilities in Nevada.
- Ownership category
- akta.pro rank
Where Estuary Power is headquartered
LocationHeadquarters
- HQ city
- Reno
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Estuary Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Power Purchase Agreements (PPAs): Long-term power purchase agreements with utilities, data centers, industrial users, and government entities. Revenue generated from selling solar energy and storage capacity under 25-year contracts.
- Project Financing: Tax equity investments and construction-to-term loans financing large-scale energy projects. Includes financing from Morgan Stanley Renewables Inc., Denham Capital, and Nord/LB.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Estuary Power product offering
Product offeringCore offering
Estuary Power develops, owns, and operates large-scale solar photovoltaic generation and battery energy storage projects in the western United States, selling the resulting renewable electricity through long-term (25-year) power purchase agreements to investor-owned utilities, cooperative utilities, data centers, hospitality enterprises, mining operations, and government facilities. The company retains ownership across the full project lifecycle, from early development through construction and ongoing operations, and finances these projects through tax equity investments and construction-to-term loans.
Product overview
Estuary Power develops, owns, and operates large-scale energy generation and storage projects in the western United States. The company operates a portfolio of six named projects: Escape (185 MW solar + 400 MWh battery storage), Coyote (1,800 MW solar + 6,400 MWh battery storage), Atomic (200 MW solar + 800 MWh battery storage at NNSS), Crystal (4,800 MWh battery storage), Lincoln County Generating Station (1,070 MW natural gas), and Turquoise (60 MW solar). Projects deliver energy to investor-owned utilities, cooperative utilities, data centers, mines, and large industrial power users. The company is a majority woman-owned business with financial backing from Ullico Infrastructure Fund.
Differentiator
Problem solved
Functional benefit
Products and services
- Escape Solar and Storage 185 MW solar photovoltaic project paired with 400 MWh of battery energy storage located in Lincoln County, Nevada. Delivers renewable energy to MGM Resorts International, Overton Power District No. 5, Caesars Entertainment, and Wynn Las Vegas under 25-year power purchase agreements. Includes 115 MW of solar and 400 MWh of battery storage dedicated to MGM Resorts, enabling that customer to power up to 100% of its Las Vegas Strip daytime electricity needs.
- Coyote Solar and Storage Planned 1,800 MW solar plus 6,400 MWh battery storage project in Lincoln County, Nevada, representing one of the largest planned solar-plus-storage projects in the Estuary Power portfolio.
- Atomic Solar and Storage 200 MW solar plus 800 MWh battery storage project to be developed at the Nevada National Security Site under a long-term easement agreement with the U.S. Department of Energy's National Nuclear Security Administration. Developed as part of DOE's Cleanup to Clean Energy Initiative, with on-site connectivity to multiple high-voltage transmission lines and Energy Community designation under the Inflation Reduction Act.
- Crystal Battery Storage Planned 4,800 MWh battery energy storage project connecting to the Crystal Substation in Clark County, Nevada, providing grid-scale storage capacity to extend renewable power availability.
- Lincoln County Generating Station 1,070 MW natural gas fired power generation facility located in Lincoln County, Nevada, forming part of Estuary's generation portfolio.
- Turquoise Solar Project 60 MW (61 MWdc) utility-scale solar project in Washoe County, Nevada. Award-winning project recognized as Utility-Scale Solar Project of the Year 2020 by Solar Builder Magazine and Best Energy/Industrial by ENR (Engineering News-Record) in 2021. Energy is delivered under a power purchase agreement with Sumitomo Corporation of Americas.
- Long-Term Power Purchase Agreements (PPAs) 25-year power purchase agreements offered to investor-owned utilities, cooperative utilities, data centers, mines, hospitality enterprises, and federal agencies. PPAs are the primary commercial product, providing customers with renewable generation and battery storage capacity while Estuary retains ownership of the underlying project across its full lifecycle.
Quantifiable outcome
- 115 MW of solar and 400 MWh of battery storage supplied to MGM Resorts
- +2 more outcomes
Companies that use Estuary Power
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles4 records
Estuary Power technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Estuary Power partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, supporting and major.
- Department of Energy/NNSAcoreLong-term easement agreement for large-scale solar energy project at Nevada National Security Site. Covers initial 2,400 acres with provisions for gigawatt-scale expansion. NNSS is Energy Community under Inflation Reduction Act.
- Bechtel InfrastructurecoreConstruction contractor for the Escape Solar and Storage project. Constructed 185MW solar and 400MWh battery storage system in Lincoln County, Nevada under 25-year power purchase agreement.
- TeslacoreBattery storage systems supplier for the Escape Solar and Storage project, providing 400MWh of battery energy storage capacity.
- JinkoSolarcoreSolar module supplier for the Escape Solar and Storage project.
- Dashiell CorporationsupportingSubstation work contractor for the Escape Solar and Storage project.
- MGM Resorts InternationalcoreMajor customer receiving 115MW solar and 400MWh battery storage under 25-year power purchase agreement. Project doubles MGM's renewable energy capacity and supports goal of 100% renewable electricity by 2030.
- Caesars EntertainmentcoreRenewable energy partnership sourcing over 65,000 MWh of clean energy annually from Estuary Power, supporting Caesars' PEOPLE PLANET PLAY CSR strategy.
- Wynn Las VegasmajorReceives solar energy supply from Escape Solar project, one of four Nevada customers.
- Overton Power District No. 5majorCooperative utility customer receiving additional capacity from the Escape Solar and Storage project.
- NV EnergysupportingNevada utility collaborating on the Atomic project at Nevada National Security Site, providing high voltage transmission line connectivity.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Estuary Power competitors and assessment
Company assessmentDirect peers
- Longroad Energy: Utility-scale solar and storage developer and operator. Direct peer sharing both technology focus (utility-scale solar + BESS) and overlapping management team lineage (Estuary's SVP Kim Primerano was previously Director of Operations at Longroad).
- Avantus (formerly 8minutenergy): One of the largest independent solar and storage developers in the U.S., with multiple gigawatt-scale projects. Directly comparable in business model of developing, owning, and operating utility-scale solar-plus-storage projects.
- Intersect Power: Developer of gigawatt-scale solar and storage projects with PPAs to large corporate off-takers including data centers. Highly comparable business model and customer focus.
- Recurrent Energy: Subsidiary of Canadian Solar that develops, owns, and operates utility-scale solar and storage projects across North America. Direct competitor in the utility-scale solar-plus-storage development market.
- Cypress Creek Renewables: Independent solar developer and operator with utility-scale and community solar projects across the U.S. Comparable in developing and operating solar PPAs with utilities and corporate off-takers.
- Silicon Ranch: Independent solar IPP and one of the largest U.S. solar developers. Direct competitor in developing, owning, and operating utility-scale solar projects with corporate PPAs.
Broad incumbents
- Clearway Energy: Publicly traded renewable energy IPP with a large portfolio of utility-scale solar, wind, and storage assets. Comparable in operating model but significantly larger and more diversified than Estuary.
- AES Clean Energy: Utility-scale solar and storage developer (subsidiary of The AES Corporation) with multi-gigawatt project pipelines. Comparable in asset class but operates as part of a much larger, diversified energy company.
- Lightsource bp: Global solar developer and operator owned by BP. Comparable in utility-scale solar project development but with substantially greater capital resources and geographic diversification.
Emerging players
- rPlus Energies: Renewable energy developer focused on utility-scale solar and storage projects across the western U.S. Comparable geographic focus and project type but smaller and earlier-stage than Estuary.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Estuary Power social profiles
Digital presenceEstuary Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Estuary Power leadership team
Management profileNumber of profiles
Profiles10 records
Estuary Power funding detail
Funding detailFunding overview
Funding rounds2 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Estuary Power 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 Estuary Power
What does Estuary Power do?
Estuary Power develops, owns, and operates large-scale solar photovoltaic generation and battery energy storage projects in the western United States, selling the resulting renewable electricity through long-term (25-year) power purchase agreements to investor-owned utilities, cooperative utilities, data centers, hospitality enterprises, mining operations, and government facilities. The company retains ownership across the full project lifecycle, from early development through construction and ongoing operations, and finances these projects through tax equity investments and construction-to-term loans.
Is Estuary Power a public or private company?
Estuary Power is a private company. It is classified as private equity controlled and is currently operating.
When was Estuary Power founded?
Estuary Power was founded in 2013. It employs 1 to 10 people.
Where is Estuary Power based?
Estuary Power is headquartered in Reno, United States, in the North America region.
How does Estuary Power make money?
Two revenue lines are on record. Power Purchase Agreements (PPAs) is the primary driver. The others are project Financing.
Who are Estuary Power's main competitors?
Direct peers on record are Longroad Energy, Avantus (formerly 8minutenergy), Intersect Power, Recurrent Energy, Cypress Creek Renewables and Silicon Ranch. Broad incumbents are Clearway Energy, AES Clean Energy and Lightsource bp. rPlus Energies is listed as an emerging player.
Does Estuary Power have an API?
No public API is recorded for Estuary Power.