EnergyRe

What EnergyRe does

EnergyRe, LLC is a US-based clean energy infrastructure developer founded in 2020-2021 and headquartered in New York with operational offices in Houston, Charleston, and Indianapolis. The company develops, owns, and operates utility-scale renewable energy projects spanning solar PV, onshore and offshore wind, battery energy storage systems (BESS), and high-voltage direct current (HVDC) transmission infrastructure. As of December 2023, EnergyRe reported a 10.5 GW diversified renewable portfolio pipeline, growing to 16 GW under development across US regions including the 3,800 MW Clean Path NY portfolio with a 175-mile 1,300 MW HVDC line, the 2,100 MW SOO Green interregional HVDC link, the 2,400 MW Leading Light Wind offshore wind project in the New York Bight, and a portfolio of utility-scale solar projects (Lone Star, Platt, Temple, Mutual, Ten Governors).

EnergyRe generates revenue through long-term power purchase agreements (PPAs) of 10-25 years with investor-owned utilities, government agencies, and large corporate offtakers; through renewable energy credit (REC) sales to industrial and technology buyers; through asset ownership and operation of generation, storage, and transmission infrastructure; and through tax equity and project finance arrangements with financial partners including Goldman Sachs, Bank of America, Santander, and Deutsche Bank. Its go-to-market is direct enterprise and government sales — securing long-dated offtake contracts, regulatory approvals (NYSERDA selections, FERC-related awards, DoD competitive procurement), and grid interconnection rights. Key customers and partners include Google (1+ GWac solar PPAs), Dominion Energy South Carolina and Duke Energy (utility PPAs), the U.S. Department of Defense (15-year PPAs at multiple military bases), Syensqo (REC offtake), and NYPA (Clean Path NY public partner). The company operates through affiliated entities including Southern Current, LLC (acquired 2022) and the Radial Power joint venture with Starwood Energy, and is backed by founding investor Related Companies alongside European institutional investors Glentra Capital, Novo Holdings, and PKA.

Name

EnergyRe

Legal name

energyRe, LLC

Website

https://energyre.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

EnergyRe is a US-based clean energy developer that designs, owns, and operates utility-scale solar, wind, battery storage, and HVDC transmission projects, selling long-term PPAs and RECs to utilities, hyperscalers, the Department of Defense, and industrial buyers.

Ownership category

akta.pro rank

Product category

Renewable Energy Infrastructure Development

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation (22111), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro primary industry

Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE)

akta.pro secondary industries

Corporate PPAs (C&I Offtake; Sleeved/Virtual/Physical) (EUAGADAA), PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD), Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB), Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI), Retail & Community PPAs (Community Solar/Shared Renewables) (EUAGADAC)

Keywords

• Utility-scale solar development
• Renewable energy projects
• HVDC transmission infrastructure
• Battery energy storage
• Power purchase agreements

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Power Purchase Agreements (PPAs): EnergyRe secures long-term PPAs (typically 10-25 years) with utilities, government agencies, and corporate buyers for electricity and renewable energy certificates generated by its projects. Revenue is recurring over contract terms.
2. Renewable Energy Credit (REC) Sales: Sale of renewable energy certificates to corporate buyers and industrial companies to help them meet sustainability and decarbonization goals. Projects like Lone Star Solar sell 100% of RECs to companies like Syensqo.
3. Project Development and Ownership: EnergyRe develops, constructs, and operates renewable energy projects, earning returns through project ownership, long-term contracted cash flows, and asset appreciation.
4. Tax Equity and Financing Structures: Arrangement where financial partners (Goldman Sachs, Bank of America, Santander) provide tax equity investments and debt financing in exchange for tax benefits (ITC, PTC) and returns under the Inflation Reduction Act.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

EnergyRe develops, owns, and operates utility-scale renewable energy projects — including solar PV, onshore wind, offshore wind, and battery energy storage systems — combined with high-voltage direct current (HVDC) transmission infrastructure. The company sells electricity and renewable energy certificates through long-term power purchase agreements (PPAs) typically ranging from 10 to 25 years to utilities, government agencies, and large corporate buyers.

Product overview

EnergyRe is an American-led energy company that develops innovative infrastructure projects combining generation, transmission, and storage with a 'community first' approach. The company's product portfolio includes utility-scale solar projects (Lone Star Solar, Platt Solar, Temple Solar, Mutual Solar, Ten Governors Solar), offshore wind (Leading Light Wind), transmission infrastructure (Clean Path NY HVDC, SOO Green HVDC Link), and distributed generation (Radial Power). EnergyRe operates through affiliated companies including Southern Current (acquired 2022) and has 16 gigawatts under development across the US.

Differentiator

Problem solved

Functional benefit

Brands

• Southern Current (an energyRe Company): South Carolina-based developer of large-scale solar and energy storage assets acquired by energyRe in 2022, operating under the retained Southern Current brand.
• Radial Power

Products and services

• Lone Star Solar A 108 MWdc solar project with 198 MWh Battery Energy Storage System (BESS) located in Calhoun County, South Carolina. One of the largest solar and storage facilities in the Southeastern United States. 10-year PPA with Dominion Energy South Carolina; 100% of RECs sold to Syensqo under a 15-year agreement.
• Platt Solar A 320 MW solar facility located in Phelps County, Nebraska, designed to preserve agricultural land while generating reliable and affordable local energy. Expected to power 52,480 homes and generate over $50M in local property taxes over 30 years.
• Temple Solar A 113 MW solar project located in Jackson County, Oklahoma, contributing reliable clean energy to the regional grid while preserving agricultural land for future generations. Expected to contribute $41.5M in local property taxes over 30 years and power 22,600 homes.
• Mutual Solar A 140 MW solar project located in Woodward County, Oklahoma, contributing reliable clean energy to the regional grid while preserving agricultural land. Expected to contribute $51.9M in local property taxes over 30 years and power 28,000 homes.
• Ten Governors Solar A 65 MW solar project located in Florence and Williamsburg County, South Carolina, contributing reliable clean energy to the regional grid while preserving agricultural land.
• Leading Light Wind An American-led offshore wind project with a lease in the New York Bight, capable of powering up to 1 million American homes with 2,400 MW of clean energy. One of the only U.S.-based offshore wind developers. Selected for New Jersey offshore wind energy program targeting 11,000 MW by 2040.
• Clean Path NY A public-private collaboration developing 3,800 MW of new wind and solar power combined with a 175-mile, 1,300 MW HVDC underground transmission line in New York. Partnership with Invenergy and NYPA; selected by NYSERDA. Delivers 7.5 million MWh of emissions-free energy annually.
• SOO Green HVDC Link A first-of-its-kind, 350-mile interregional HVDC transmission line connecting midwestern (MISO) and eastern (PJM) power markets, enabling delivery of 2,100 MW of renewable energy — enough to power more than 1.5 million homes.
• Radial Power A national developer, owner, and operator of distributed solar and storage projects serving commercial, industrial, and community solar customers across the United States. A joint venture between EnergyRe and Starwood Energy. Portfolio includes 214 MW across 106 distributed solar projects, with $355M tax equity and debt financing closed with Goldman Sachs in January 2026.
• Southern Current A South Carolina-based premier developer of large-scale solar and energy storage projects acquired by EnergyRe in 2022, with a portfolio of more than 9 GW in development. Operates as a retained sub-brand (an EnergyRe company) based in Charleston, SC.

Quantifiable outcome

• Lone Star Solar generates more than $10 million in local property taxes and creates approximately 185 jobs during construction
• +7 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Lotus Infrastructure PartnerscoreStrategic or Co-development Partner · 20 January 2026Portfolio company of EnergyRe affiliate. Private equity firm focused on energy infrastructure investments with approximately $10 billion in enterprise value transactions including $2.8 billion in renewable asset development.
• Latham & Watkins LLPminorOthers · 20 January 2026Served as legal counsel to Radial Power on $355 million financing.
• Vinson & Elkins LLPminorOthers · 20 January 2026Served as legal counsel to Goldman Sachs on $355 million Radial Power financing.
• Elia GroupcoreStrategic or Co-development Partner · 4 December 2023European transmission specialist acquiring stake in energyRe Giga subsidiary. Through WindGrid USA, Elia brings expertise in HVDC technology, offshore transmission development, construction, operation and maintenance. Elia Group operates 19,349 km of high-voltage connections in Belgium and Germany.
• Starwood EnergycoreStrategic or Co-development Partner · 21 September 2022Joint venture partner in Radial Power with investment affiliates of both EnergyRe and Starwood Energy. Starwood Energy is a private equity firm specializing in energy infrastructure with over $3 billion of equity capital raised.
• Southern CurrentcoreStrategic or Co-development Partner · 21 September 2022South Carolina-based premier developer of solar and energy storage assets acquired by EnergyRe in Q3 2022. Portfolio of more than 9 GWs in development.
• InvenergycoreStrategic or Co-development Partner · 21 September 2021Lead developer partner in Clean Path NY alongside EnergyRe and NYPA. Invenergy is an American-led developer, owner, and operator of sustainable energy solutions with more than 30,000 MW of projects in operation, construction, or contracted.
• New York Power Authority (NYPA)coreStrategic or Co-development Partner · 21 September 2021Public partner in Clean Path NY. NYPA is the largest state public power organization operating 16 generating facilities and more than 1,400 circuit-miles of transmission lines. Owns Blenheim-Gilboa pumped storage power project for Clean Path NY.

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Invenergy: Privately held U.S. utility-scale renewable developer and operator with 30,000+ MW in operation, construction, or contracted. EnergyRe's co-developer on Clean Path NY alongside NYPA; directly comparable on wind, solar, storage, and transmission project development.
• Apex Clean Energy: Private utility-scale wind, solar, and storage developer across the U.S. with multi-GW pipelines and corporate PPA origination; comparable on enterprise sales motion, project development, and offtake structuring with utilities and corporates.
• Clearway Energy: NYSE-listed renewable energy IPP with utility-scale solar, wind, and storage assets contracted under long-term PPAs; directly comparable on PPA-backed cash flows, tax equity structures, and distributed/utility-scale mix.
• Equinor (US Renewables): Equinor is a leading global offshore wind developer with U.S. lease positions and a major developer of Empire Wind and other projects. Nash Tahmaz (EnergyRe SVP Offshore Wind) was previously at Equinor ASA/UK, evidencing direct talent and offshore wind competitive overlap.

Broad incumbents

• NextEra Energy Resources: Largest U.S. renewable energy operator and the dominant utility-scale wind/solar/storage developer. Wayne Galli (EnergyRe SVP Transmission) was previously at NextEra Energy Transmission, illustrating direct talent and competitive overlap.
• EDP Renewables North America: Major North American wind and solar developer with multi-GW operating portfolio. Asha Gandhi (EnergyRe SVP Finance) previously managed $10B of operating portfolios at EDP Renewables NA, evidencing direct talent and competitive overlap on utility-scale project development.
• TotalEnergies Renewables USA: U.S. arm of TotalEnergies' renewable business, active in utility-scale solar, storage, offshore wind, and distributed generation. Cynthia Martinez (EnergyRe SVP/GC) previously led legal there during scale-up to 10+ GW, evidencing direct talent overlap and competitive positioning.
• Engie North America: Major European utility's North American renewable and storage developer with utility-scale and distributed solar footprint; competes head-to-head for corporate PPAs, utility procurement, and offshore wind leases in the U.S.

Emerging players

• Hecate Energy: Private U.S. developer of utility-scale solar and battery storage projects with multi-GW pipeline; comparable on enterprise utility sales, project development, and storage integration.

Others

• Starwood Energy: Energy infrastructure-focused private equity firm with $3B+ equity raised; EnergyRe's JV partner in Radial Power and a peer capital provider/operator in utility-scale renewable projects across the U.S.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds4 records

Investors4 records

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

M&A

Investments

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

Frequently asked questions about EnergyRe