Linea Energy
Linea Energy is a private independent power producer founded in 2022 that develops, owns, and operates utility-scale solar, wind, and battery storage projects across US markets (ERCOT, MISO, SERC, PJM), selling electricity via long-term PPAs to utilities, municipalities, and hyperscalers including Google.
- Company typePrivate
- Founded2022
- HeadquartersSan Francisco, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Linea Energy does
Linea Energy is a privately held, San Francisco-based independent power producer (IPP) founded in 2022 that develops, owns, and operates utility-scale wind, solar, and battery energy storage system (BESS) projects across the United States. The company targets large electricity consumers — including investor-owned utilities, municipal electric authorities, and hyperscale technology companies — selling electricity through long-term (typically 15-25 year) power purchase agreements. Named offtakers include Google (15-year PPA for 500 MW from the Duffy Solar Project in Texas, signed 2026), Consumers Energy (25-year PPA for 172 MWdc Watertown Solar in Michigan, 2026), and MEAG Power (first solar PPA in MEAG's portfolio, Pineview Solar in Georgia, 2024). Linea also operates a standalone BESS project (Duffy BESS, 235 MW / 470 MWh) financed through preferred equity with D.E. Shaw Renewable Investments.
Linea's core technical and commercial approach combines an "interconnection-first" development methodology with portfolio-level financing, analytics-driven project selection, and active energy commodity risk management. Rather than financing projects one at a time — the industry norm that delays deployments by a year or more — Linea builds first and finances later through portfolio capital raises. The company claims a 7 GW pipeline assembled in under two years and has developed 6+ GW since founding. Its leadership team, drawn from First Solar, Goldman Sachs Asset Management, Recurrent Energy, Cypress Creek Renewables, Orsted, and EDP Renewables, brings a combined 100+ years of energy experience and prior track records commercializing 9+ GW of solar assets.
Linea's revenue model is subscription-like recurring: long-dated PPAs and ongoing asset operation (30+ years for solar, 20+ years for BESS) generate contracted cash flows. The company is sponsored by EnCap Investments' Energy Transition Fund II, with EnCap holding a controlling interest and providing primary growth capital alongside a $145M corporate revolving credit facility (August 2024) syndicated across First Citizens Bank, Santander, Macquarie, and ICBC Standard Bank. Operational geographies include ERCOT (Texas), MISO (Michigan), SERC (Georgia), and PJM, with additional pipeline development in Indiana. The company does not publicly disclose pricing or revenue, and most projects are pre-commercial operation.
Linea Energy firmographics
Firmographics- Name
- Linea Energy
- Legal name
- Linea Energy LLC
- Website
- https://lineaenergy.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Linea Energy is a private independent power producer founded in 2022 that develops, owns, and operates utility-scale solar, wind, and battery storage projects across US markets (ERCOT, MISO, SERC, PJM), selling electricity via long-term PPAs to utilities, municipalities, and hyperscalers including Google.
- Ownership category
- akta.pro rank
Linea Energy industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111), Wind Electric Power Generation (221115)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB), PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD), C&I PPAs & Virtual PPAs (VPPA) Origination & Management (EUAGACAF), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD)
Keywords
Where Linea Energy is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Linea Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Technology or R&D, Supply Chain, Operations
Revenue model
- Power Purchase Agreements (PPAs): Long-term contracts (typically 15-25 years) with utilities, municipalities, and corporate offtakers to purchase electricity generated by Linea's renewable energy projects. Revenue is generated through the sale of clean electricity under these fixed-price or escalating contracts.
- Asset Ownership and Operation: Linea develops, owns, and operates clean energy infrastructure. Revenue is earned from the ongoing generation and sale of electricity over the project's operational lifetime (30+ years for solar, 20+ years for BESS).
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Linea Energy product offering
Product offeringCore offering
Linea Energy is an Independent Power Producer (IPP) that develops, owns, and operates utility-scale wind, solar, and battery energy storage projects across the United States. The company commercializes electricity generation through long-term Power Purchase Agreements (PPAs) of 15-25 years with utilities, municipal electric authorities, and hyperscale technology companies. It combines best-in-class development capabilities with active risk management of energy commodities and analytics-driven project selection.
Product overview
Linea Energy is an Independent Power Producer offering a portfolio of renewable energy products: utility-scale solar projects (Duffy Solar, Watertown Solar, Pineview Solar), battery energy storage systems (Duffy BESS standalone and co-located storage), and wind energy projects. The company combines development, ownership, and operation of clean energy infrastructure with analytics and trading capabilities. The product suite spans from early-stage development through construction to commercial operation, supported by project financing services including debt financing and equity partnerships.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar Energy Projects Utility-scale solar energy facilities developed, owned, and operated by Linea Energy, with electricity sold via long-term PPAs to utilities and corporate offtakers. Includes Duffy Solar Project (500 MW in Texas with Google PPA), Watertown Solar (172 MWdc in Michigan with Consumers Energy PPA), and Pineview Solar (109 MWdc in Georgia with MEAG Power PPA).
- Battery Energy Storage Systems (BESS) Utility-scale battery energy storage projects providing dispatchable storage capacity to grids, sold via PPAs and grid services. Includes standalone BESS projects like Duffy BESS (235 MW / 470 MWh in Texas) and co-located storage with solar installations.
- Wind Energy Projects Utility-scale wind farm development, construction, and operation services with a focus on analytics and efficient deployment. Part of Linea's multi-gigawatt build of renewable and storage projects across U.S. markets including MISO, PJM, and ERCOT.
Quantifiable outcome
- Built 7 GW renewable pipeline in under two years
- +2 more outcomes
Companies that use Linea Energy
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Linea Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Linea Energy partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Consumers EnergycoreExecuted 25-year power purchase agreement with Linea Energy for Watertown Solar project (172 MWdc) in Michigan. Consumers Energy is a public utility under Michigan Public Service Commission jurisdiction.
- Orrick, Herrington & Sutcliffe LLPminorLegal counsel to Linea Energy on preferred equity financing transaction for Duffy BESS.
- King & Spalding LLPminorLegal counsel to DESRI on preferred equity financing transaction for Duffy BESS.
- Municipal Electric Authority of Georgia (MEAG Power)corePower purchase agreement offtaker for Pineview Solar project in Wilcox County, Georgia. MEAG Power serves 49 communities across Georgia and this is their first solar energy facility.
- Discovery IndustriesminorEPC contractor for Pineview Solar project construction in Wilcox County, Georgia.
- Horus EnergycoreInternational solar developer headquartered in London that sold a 490 MWdc solar project to Linea Energy, marking Linea's entry into the Texas market.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
Linea Energy competitors and assessment
Company assessmentDirect peers
- Invenergy: One of the largest privately-held US developers/operators of utility-scale wind, solar, and storage. Competes directly for interconnection queue positions, land, and corporate/utility offtakers across MISO, PJM, and ERCOT.
- Cypress Creek Renewables: Utility-scale solar and storage developer/owner where Linea's CEO Cassidy DeLine was previously CCO and EVP Roberto Spoerer led project finance. Same core business model: develop, own, operate utility-scale solar + storage, sell via long-term PPAs.
- Arevia Power: Independent US power producer developing utility-scale solar, wind, and storage. Comparable size, private ownership, and PPA-driven revenue model focused on hyperscaler and utility offtakers.
- Recurrent Energy: Independent power producer and subsidiary of Canadian Solar, focused on utility-scale solar and storage development across North America. Linea's CEO previously led M&A here and multiple team members held origination roles.
- Swift Current Energy: Utility-scale solar and storage developer backed by Brookfield Asset Management, focused on the North American market. Highly comparable development-stage IPP model with multi-GW pipeline and long-term PPA commercialization.
- D.E. Shaw Renewable Investments (DESRI): Owns and operates 12+ GW of utility-scale solar, wind, and storage. Provided preferred equity for Linea's Duffy BESS project — making it both a financial counterparty and a directly comparable IPP in technology and customer mix.
Broad incumbents
- Clearway Energy: Publicly-traded renewable energy owner/operator with 7+ GW of contracted wind, solar, and storage. Operates the same asset class as Linea but at mature scale with public-market access to capital.
- NextEra Energy Resources: Largest US renewables operator and developer by capacity (~40+ GW). Dominant incumbent with deep balance sheet, established offtaker relationships, and scale advantages in interconnection and procurement that Linea must compete against.
- RWE Renewables Americas: Major global IPP with significant US utility-scale renewables operations (formerly Innogy/Orsted assets). Competes in the same MISO, PJM, and ERCOT markets with substantially greater operating track record.
- EDF Renewables North America: Subsidiary of EDF with an established multi-GW operating portfolio of wind, solar, and storage across the US. A larger, capital-rich incumbent that competes for similar utility-scale opportunities and offtake relationships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Linea Energy social profiles
Digital presenceLinea Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Linea Energy leadership team
Management profileNumber of profiles
Profiles9 records
Linea Energy funding detail
Funding detailFunding overview
Funding rounds5 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Linea Energy 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 Linea Energy
What does Linea Energy do?
Linea Energy is an Independent Power Producer (IPP) that develops, owns, and operates utility-scale wind, solar, and battery energy storage projects across the United States. The company commercializes electricity generation through long-term Power Purchase Agreements (PPAs) of 15-25 years with utilities, municipal electric authorities, and hyperscale technology companies. It combines best-in-class development capabilities with active risk management of energy commodities and analytics-driven project selection.
Is Linea Energy a public or private company?
Linea Energy is a private company. It is classified as private equity controlled and is currently operating.
When was Linea Energy founded?
Linea Energy was founded in 2022. It employs 51 to 100 people.
Where is Linea Energy based?
Linea Energy is headquartered in San Francisco, United States, in the North America region.
How does Linea Energy make money?
Two revenue lines are on record. Power Purchase Agreements (PPAs) is the primary driver. The others are asset Ownership and Operation.
Who are Linea Energy's main competitors?
Direct peers on record are Invenergy, Cypress Creek Renewables, Arevia Power, Recurrent Energy, Swift Current Energy and D.E. Shaw Renewable Investments (DESRI). Broad incumbents are Clearway Energy, NextEra Energy Resources, RWE Renewables Americas and EDF Renewables North America.
Does Linea Energy have an API?
No public API is recorded for Linea Energy.
What industry is Linea Energy in?
Linea Energy's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of EUAGADAB, Utility-Scale Generator PPAs (Project Offtake). Its NAICS code is 221114 and its SIC code is 4911.