Relevate Power
Relevate Power acquires and modernizes aging run-of-river hydropower facilities in the Northeast US, integrating solar and battery storage to sell 24/7 clean power, capacity, and RECs to utilities, municipalities, schools, and businesses.
- Company typePrivate
- Founded2022
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Relevate Power does
Relevate Power is a privately held US renewable energy operator that acquires, modernizes, and operates aging run-of-river hydropower facilities, primarily in the Northeast United States. The company combines legacy hydroelectric infrastructure with complementary on-site solar and battery storage to deliver 24/7 baseload clean power, selling electricity, capacity, and renewable energy certificates (RECs) to aggregators, utilities, municipalities, schools, hospitals, and environmentally conscious businesses. It was formed from the merger of independent power producers Dichotomy Power and Clear Energy and the power-marketing firm Standard Power, and rebranded from Elevate Power to Relevate Power in April 2024.
The core technology stack centers on proprietary asset-redevelopment methods (sensors, automation, remote control, and IoT devices) that, per company claims, deliver 20%+ generation increases and 30%+ operating cost reductions on acquired assets. A National Operations Center under construction in Albany, NY will provide 24/7 remote fleet monitoring, centralized maintenance scheduling, and power-market optimization across an expanding asset base. Following the December 2024 acquisition of Gravity Renewables — financed by Apollo Funds — the portfolio comprises 36+ facilities across 11 river systems, with plans to add solar, storage, and green hydrogen alongside existing hydro assets and to expand geographically into the Midwest.
The business model is asset-heavy and revenue-generating from day one of operation, with revenue streams split across (i) usage-based power sales, (ii) transaction-fee capacity sales to grid operators and utilities, and (iii) transaction-fee REC sales to corporate and institutional buyers meeting climate commitments. Customer acquisition runs through direct B2B enterprise sales and industry relationships, supplemented by content marketing and organic social. The company is majority-owned by its employees via an Employee Ownership Program and is backed by Greenbacker Capital Management-affiliated funds and an Aegon Asset Management affiliate following a $15M growth-equity round in June 2024, complemented by a $4.9M Department of Energy grant under the Bipartisan Infrastructure Law.
Relevate Power firmographics
Firmographics- Name
- Relevate Power
- Legal name
- Relevate Power LLC
- Website
- https://relevatepower.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Relevate Power acquires and modernizes aging run-of-river hydropower facilities in the Northeast US, integrating solar and battery storage to sell 24/7 clean power, capacity, and RECs to utilities, municipalities, schools, and businesses.
- Ownership category
- akta.pro rank
Relevate Power industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Hydroelectric Power Generation (221111), Electric Power Generation (22111)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Hydropower Operations, Maintenance & Refurbishment (R&M/Life Extension) (EUACAEAG)
- akta.pro secondary industry
- Repowering, Life Extension & Upgrades (Retrofits, Controls/Software, Uprates) (EUAMAGAN)
Keywords
Where Relevate Power is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Relevate Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Technology or R&D, Personnel, Supply Chain
Revenue model
- Power Sales: Sale of clean electricity generated from run-of-river hydropower facilities to aggregators, utilities, municipalities, and businesses
- Capacity Sales: Sale of power generation capacity to grid operators and utilities for grid reliability and resilience
- Renewable Energy Certificates (RECs): Sale of renewable energy certificates to businesses and organizations meeting climate commitments and green energy goals
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Relevate Power product offering
Product offeringCore offering
Relevate Power acquires, modernizes, and operates run-of-river hydroelectric facilities, integrating solar and battery storage assets. The company generates and sells 24/7 clean baseload electricity, generation capacity, and renewable energy certificates (RECs) to utilities, municipalities, and businesses. Its operations are managed centrally through a national operations center under construction in Albany, NY.
Product overview
Relevate Power operates a platform-based model centered on the redevelopment and operation of run-of-river hydropower assets. The core offering combines hydropower plant acquisition and modernization with complementary solar and battery storage integration, all managed through a proprietary national operations center for 24/7 remote monitoring and power market optimization. The company sells clean power, capacity, and RECs to utilities, municipalities, and businesses through its power marketing operations. Following the December 2024 acquisition of Gravity Renewables (adding 15 hydro plants and 1 solar project), the portfolio spans 36+ facilities across the Northeast US. The company was rebranded from Elevate Power to Relevate Power in April 2024.
Differentiator
Problem solved
Functional benefit
Products and services
- Hydropower Asset Redevelopment Core service involving the acquisition, restoration, and modernization of underperforming run-of-river hydropower facilities. Combines craftsmanship with automation, remote control, and IoT devices to lift generation efficiency by 20%+ and reduce operating costs by 30%+.
- 24/7 Clean Power Supply Sale of power, capacity, and renewable energy certificates (RECs) from a blended hydro-solar portfolio to aggregators, utilities, municipalities, hospitals, schools, and environmentally conscious businesses as reliable 24/7 baseload clean energy.
- National Operations Center National remote operations center providing 24/7 monitoring of fleet assets, centralized maintenance scheduling, and real-time power market optimization across the company's hydropower, solar, and storage portfolio.
- Gravity Renewables Portfolio Acquired portfolio of 15 hydroelectric plants and one solar project adding 40 MW of distributed hydropower and solar capacity to Relevate Power's Northeast US fleet, bringing the portfolio to 36+ facilities across 11 river systems.
Quantifiable outcome
- 20%+ increase in generation efficiency
- +3 more outcomes
Companies that use Relevate Power
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
Relevate Power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Relevate Power partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Skidmore CollegeminorPartnership with Skidmore College at Chittenden Falls facility. College receives 20% of electrical load from facility; facility houses remote classroom and exhibit area for students.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Relevate Power competitors and assessment
Company assessmentDirect peers
- Cube Hydro Partners: One of the largest operators of small and mid-sized hydroelectric facilities in the Eastern US, operating run-of-river and reservoir projects across multiple states. Directly comparable to Relevate as a regional run-of-river hydro owner-operator with similar redevelopment and O&M focus.
- Eagle Creek Renewable Energy: Owns and operates a portfolio of small hydroelectric facilities in the Northeast and Mid-Atlantic US, with a similar focus on run-of-river redevelopment, dam safety upgrades, and clean energy sales. A near-clone peer to Relevate before being acquired by Ontario Power Generation.
- Greenbacker Capital Management: Renewable energy-focused asset manager that is both a sponsor of and adjacent investor in run-of-river hydro through portfolio companies and funds like GDEV. Comparable as a hydro-focused capital and asset platform pursuing similar distributed renewable strategies.
Broad incumbents
- Brookfield Renewable Partners: One of the world's largest publicly traded renewable power operators with significant hydroelectric and pumped-storage assets across North America. A broad incumbent in the same hydro generation category, with overlapping commercial capabilities (capacity, RECs, PPAs) at much greater scale.
- Northland Power: Diversified renewable power developer and operator with hydroelectric facilities across North America, including small and run-of-river sites. Comparable product (clean power, capacity, RECs) and customer base (utilities, offtakers), but operates at much larger scale and geographic breadth.
- Enel Green Power: Global renewable energy operator with a large hydroelectric generation portfolio alongside solar, wind, and storage. Competes in the same end markets (clean power supply, RECs, capacity) and is increasingly focused on 24/7 carbon-free energy offerings relevant to Relevate's value proposition.
- Statkraft: State-owned European renewable generator and the largest producer of hydropower in Europe, active in North American power markets. Comparable as a hydro-heavy operator selling baseload clean power, capacity, and renewable certificates to utilities and corporate buyers.
- Hydro-Québec: One of the largest hydroelectric generators in North America, supplying baseload clean power, capacity, and RECs to utilities and large commercial buyers. While much larger and reservoir-based, its commercial offerings and customer set (utilities, municipalities, corporates) overlap with Relevate.
- Clearway Energy: US-listed renewable energy owner-operator with a diversified portfolio including utility-scale solar, wind, and conventional generation. Comparable as a clean energy platform selling power, capacity, and RECs under long-term contracts to utilities and corporate offtakers.
Emerging players
- Safari Energy: Distributed-scale renewable energy developer historically backed by Greenbacker-affiliated capital, focused on commercial and industrial solar with potential adjacent interest in storage and small hydro. Adjacent emerging player in the distributed clean energy space in which Relevate also operates.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Relevate Power social profiles
Digital presenceRelevate Power compliance and trust
Trust signalCompliance2 records
Relevate Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Relevate Power leadership team
Management profileNumber of profiles
Profiles8 records
Relevate Power subsidiaries and ownership
Company hierarchySubsidiaries1 record
Relevate Power funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Relevate Power M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Relevate Power
What does Relevate Power do?
Relevate Power acquires, modernizes, and operates run-of-river hydroelectric facilities, integrating solar and battery storage assets. The company generates and sells 24/7 clean baseload electricity, generation capacity, and renewable energy certificates (RECs) to utilities, municipalities, and businesses. Its operations are managed centrally through a national operations center under construction in Albany, NY.
Is Relevate Power a public or private company?
Relevate Power is a private company. It is classified as private equity controlled and is currently operating.
When was Relevate Power founded?
Relevate Power was founded in 2022. It employs 11 to 50 people.
Where is Relevate Power based?
Relevate Power is headquartered in New York, United States, in the North America region.
How does Relevate Power make money?
Three revenue lines are on record. Power Sales are the primary driver. The others are capacity Sales and renewable Energy Certificates (RECs).
Who are Relevate Power's main competitors?
Direct peers on record are Cube Hydro Partners, Eagle Creek Renewable Energy and Greenbacker Capital Management. Broad incumbents are Brookfield Renewable Partners, Northland Power, Enel Green Power, Statkraft, Hydro-Québec and Clearway Energy. Safari Energy is listed as an emerging player.
Does Relevate Power have an API?
No public API is recorded for Relevate Power.
What industry is Relevate Power in?
Relevate Power's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUACAEAG, Hydropower Operations, Maintenance & Refurbishment (R&M/Life Extension), with a secondary code of EUAMAGAN, Repowering, Life Extension & Upgrades (Retrofits, Controls/Software, Uprates). Its NAICS code is 221111 and its SIC code is 4911.