Treaty Oak Clean Energy

What Treaty Oak Clean Energy does

Treaty Oak Clean Energy, LLC is a US-based independent power producer (IPP) that develops, builds, owns, and operates utility-scale solar photovoltaic and battery energy storage system (BESS) projects. Founded in 2021-2022 and headquartered in Austin, Texas with satellite offices in Houston, Atlanta, and Denver, the company has an approximate 8 GW development pipeline across five states: Arkansas, Georgia, Louisiana, South Carolina, and Texas. Its operational and under-construction portfolio comprises five named projects: Redfield Solar (100 MW, operational April 2026, supplying Google under a 15-year PPA), Beekman Solar (185 MW, under construction, Meta PPA, H1 2027 COD), Hollis Creek Solar (200 MW, under construction, Meta PPA, H1 2027 COD), Magnolia Springs Solar (290 MW proposed, Georgia), and Panola Grove BESS (200 MW proposed, Georgia). The company is a wholly owned portfolio company of Macquarie Asset Management's Green Investment Group following the December 2022 acquisition, with Galehead Development (and its proprietary LandCommand software platform) integrated as a wholly owned subsidiary in February 2025.

Treaty Oak generates revenue primarily through long-term (15+ year) power purchase agreements (PPAs) with corporate offtakers — notably Google and Meta Platforms — and through tax credit monetization under the Inflation Reduction Act (Section 45X production tax credits via transferability and direct pay). The company employs a vertical project lifecycle model encompassing origination, development, financing, construction, and 30-40 year operations, differentiating via a "long-term community partnership" model rather than develop-and-flip. Cumulative financings total $1.23 billion, including $123M for Redfield, $809M for the Louisiana projects, and a $300M senior secured corporate credit facility arranged in July 2025. Technology is sourced from tier-one suppliers: Nextracker NX Horizon-XTR terrain-following trackers with Hail Pro and TrueCapture software, Primoris Renewable Energy for EPC, and T1 Energy for domestic-content solar modules.

The company's go-to-market is enterprise field sales, structured around bilateral offtake negotiations with hyperscale technology buyers (Google, Meta) facing AI-driven data center power demand. The company employs 51-100 staff and is led by CEO and co-founder Chris Elrod, CRO Rohit Ogra, and VP of Construction Greg Karney. Beyond hyperscalers, Treaty Oak also engages utility and IPP offtakers via bespoke derivative product structuring and pursues landowner partnerships for site control on parcels of 750+ acres.

Name

Treaty Oak Clean Energy

Legal name

Treaty Oak Clean Energy, LLC

Website

https://treatyoakcleanenergy.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

101–250 employees

Short description

Treaty Oak Clean Energy is a US utility-scale solar and battery storage independent power producer with an 8 GW development pipeline, supplying hyperscalers Google and Meta under long-term power purchase agreements. Owned by Macquarie Asset Management since 2022 and headquartered in Austin, Texas.

Ownership category

akta.pro rank

Product category

Utility-Scale Solar Power Generation

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)

akta.pro secondary industry

Renewable Energy Industrial Facilities Construction (Solar, Wind, Storage) (IMAFADAD)

Keywords

• Utility-scale solar development
• Battery energy storage
• Clean energy generation
• Power purchase agreements
• Renewable energy development

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Power Purchase Agreements (PPAs): Revenue generated through long-term power purchase agreements with corporate offtakers (Google, Meta) and utility companies. Contracts typically span 15+ years, providing stable recurring revenue streams from electricity sales and environmental attributes.
2. Tax Credit Monetization: The company utilizes tax credit transferability and direct pay provisions under the Inflation Reduction Act to monetize production tax credits (Section 45X) and other clean energy tax incentives, providing additional revenue streams during project construction and operation.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Treaty Oak Clean Energy develops, builds, and operates utility-scale solar photovoltaic and battery energy storage projects in select U.S. markets, supplying renewable electricity to corporate and utility customers under long-term power purchase agreements. The company originates, finances, constructs, and operates projects with 30+ year operational lifespans across approximately 8 GW of solar and BESS development pipeline in Arkansas, Georgia, Louisiana, South Carolina, and Texas.

Product overview

Treaty Oak Clean Energy is a utility-scale solar and battery energy storage independent power producer (IPP) that develops, builds, and operates clean energy projects across select U.S. markets. The company's portfolio consists of five named projects: Redfield Solar (100 MW, operational), Beekman Solar (185 MW, under construction), Hollis Creek Solar (200 MW, under construction), Magnolia Springs Solar (290 MW, proposed), and Panola Grove BESS (200 MW, proposed). Projects supply renewable electricity to corporate offtakers including Google and Meta under long-term power purchase agreements. The company has approximately 8 GW of solar and BESS projects under development across five states: Arkansas, Georgia, Louisiana, South Carolina, and Texas.

Differentiator

Problem solved

Functional benefit

Products and services

• Redfield Solar Project 100 MW utility-scale solar project on approximately 1,033 acres in Grant County, Arkansas, supplying renewable electricity to Google under a 15-year PPA; reached commercial operations in April 2026.
• Beekman Solar Project 185 MW utility-scale solar project in Morehouse Parish, Louisiana; secured $410 million in non-recourse senior secured credit facilities with commercial operations expected H1 2027, supplying solar power to Meta Platforms under long-term offtake.
• Hollis Creek Solar Project 200 MW utility-scale solar project in Sabine Parish, Louisiana; secured $399 million in non-recourse senior secured credit facilities with commercial operations expected H1 2027, supplying solar power to Meta Platforms under long-term offtake.
• Magnolia Springs Solar Proposed 290 MW photovoltaic solar project on approximately 2,800 acres in Jefferson County, Georgia, designed to support local economic development through tax revenue and job creation.
• Panola Grove BESS Proposed 200 MW battery energy storage system (BESS) on approximately 10 acres in Rockdale County, Georgia, designed to enhance grid reliability and support peak demand, capable of powering approximately 160,000 homes for up to 4 hours.

Quantifiable outcome

• 2-3 permanent technicians per project for operations and maintenance
• +6 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and major.

• GooglecoreOthers · 29 May 2026Treaty Oak signed a 15-year power purchase agreement with Google for 100 MW from the Redfield Solar Project in Grant County, Arkansas. The project achieved commercial operations in April 2026 and supplies renewable electricity to support Google's data center operations.
• T1 EnergycoreTechnology or Integration · 22 December 2025T1 Energy signed a three-year contract to supply Treaty Oak with at least 900 MW of solar modules featuring domestic solar cells from T1's G2_Austin facility (expected to exceed 60% domestic content). This agreement positions T1 as a domestic supplier for Treaty Oak's clean energy projects.
• Meta PlatformscoreOthers · 30 October 2025Treaty Oak entered into long-term power purchase agreements with Meta Platforms for 385 MW of solar power from Beekman Solar (185 MW) and Hollis Creek Solar (200 MW) projects in Louisiana, with projects expected online in Q3 2027.
• Galehead DevelopmentcoreStrategic or Co-development Partner · 25 February 2025MAM acquired remaining controlling interests in Galehead Development and integrated it with Treaty Oak, creating a combined platform with expanded geographic reach and development pipeline. Galehead brings proprietary LandCommand software and 20+ GW of renewable development assets.
• Primoris Renewable EnergymajorImplementation/ SI/ Consulting PartnerPrimoris Renewable Energy provides engineering, procurement, and construction (EPC) services for Treaty Oak projects. Expects to employ up to 200 workers during construction phases.
• NextrackermajorTechnology or IntegrationNextracker supplies NX Horizon-XTR terrain-following solar tracker systems with Hail Pro technology for hail risk mitigation and TrueCapture yield optimization software.
• Dashiell Corp.majorImplementation/ SI/ Consulting PartnerDashiell Corp. of Houston provides high-voltage construction services and builds high-voltage interconnection facilities for Treaty Oak solar projects.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Invenergy: Invenergy is one of the largest privately-held US developers, owners, and operators of utility-scale wind, solar, and battery storage projects. It is a direct comparable as a privately-held utility-scale renewable IPP pursuing long-term corporate PPAs and operating across multiple US regions.
• Hecate Energy: Hecate Energy is a US-based developer of utility-scale solar, battery storage, and wind projects, with significant pipeline across multiple states. It is a direct comparable as a privately-held utility-scale renewable IPP pursuing long-term offtakes.
• Pine Gate Renewables: Pine Gate Renewables is a US-focused utility-scale solar and battery storage developer with one of the largest development pipelines in the country. It is a direct competitor in utility-scale solar+storage development and PPA origination.
• Clearway Energy Group: Clearway operates one of the largest renewable energy portfolios in the US, including significant utility-scale solar and battery storage assets serving corporate and utility offtakers. It is a directly comparable yieldco-style IPP with overlapping customer base and asset class.
• Avantus (formerly 8minute Solar Energy): Avantus is a leading US utility-scale solar and battery storage developer with a substantial development pipeline. It is a direct peer focused on greenfield origination, late-stage development, and corporate PPA origination in overlapping geographies.
• Lightsource bp: Lightsource bp is a global utility-scale solar developer and operator with a major US footprint. It directly competes with Treaty Oak for utility-scale solar projects, corporate PPAs, and grid interconnection in overlapping US markets.

Broad incumbents

• NextEra Energy Resources: NextEra Energy Resources is the largest US utility-scale renewable energy developer and IPP, with tens of GW of operating wind and solar and a massive development backlog. It is the dominant scaled incumbent against which Treaty Oak's Macquarie-backed utility-scale solar + storage platform competes for corporate PPAs and interconnection capacity.
• ENGIE North America: ENGIE North America is a subsidiary of the global utility ENGIE and develops, owns, and operates utility-scale renewable energy and BESS projects across the US. It is a broader incumbent competitor pursuing similar corporate PPA and utility offtake opportunities.
• AES Corporation: AES is a global utility-scale renewable energy developer and IPP with a significant US solar and storage portfolio. It is a broader incumbent that competes with Treaty Oak across utility-scale solar development, corporate PPAs, and BESS deployment.

Emerging players

• Arevia Power: Arevia Power is a privately-held US utility-scale solar, wind, and battery storage developer with projects across the Western US. It is an emerging player with overlapping utility-scale solar + storage development focus but a smaller geographic footprint than Treaty Oak.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

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 Treaty Oak Clean Energy