New Leaf Energy

What New Leaf Energy does

New Leaf Energy is a US-based renewable energy developer that identifies, permits, and develops solar, battery energy storage (BESS), wind, and electric-vehicle charging projects, then transfers construction-ready assets to long-term owners and operators. The company traces its operational lineage to 1980 through Borrego Solar's development arm and was formed as an independent entity in July 2022 when ECP, a Summit, New Jersey-based infrastructure investor with $27 billion in capital commitments, acquired and spun off that platform. Led by former Borrego executives including CEO Dan Berwick and CRO Andrew Hall, New Leaf maintains offices in Lowell (HQ), Boston, Chicago, Troy (NY), and Oakland, with active development pipelines across California, New England, New York, Illinois, Maine, Maryland, and Indiana.

The core technology stack is development-oriented rather than hardware-manufacturing: site identification, environmental and permitting work, utility interconnection, and pre-construction project optimization. Energy storage projects use lithium-iron-phosphate (LFP) battery chemistry — a deliberate safety choice following the Moss Landing fire — and the company's largest disclosed storage development is the $200 million, 200 MW Seahawk project near Watsonville, California. The firm also builds community solar, utility-scale solar, community wind, and megawatt-scale EV fast-charging infrastructure. Select counterparties include Meta (environmental-attributes offtaker), Standard Solar (portfolio acquirer), and Zelestra with Banco Santander (project finance).

New Leaf generates revenue through multiple streams: long-term land-lease payments to landowners, project development fees, sales of project portfolios to institutional acquirers, and capital-partner development fees on EV charging buildouts. The model is asset-light at the developer level (development risk is sold down before construction), with quote-based, multi-year contracts and pricing that varies by site characteristics and region. Customer segments span individual landowners with 15+ acres, commercial and industrial enterprises, fleet operators and property owners, and government entities and utilities.

Name

New Leaf Energy

Legal name

New Leaf Energy, Inc.

Website

https://newleafenergy.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

101–250 employees

Short description

New Leaf Energy is a US renewable energy developer that identifies, permits, and develops solar, battery storage, wind, and EV charging projects before transferring construction-ready assets to long-term owners, serving landowners, commercial and industrial customers, and utilities across multiple states.

Ownership category

akta.pro rank

Product category

Renewable Energy Development

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

akta.pro secondary industries

Hybrid Wind Power Plants (Wind+Solar+Storage Co-located) (EUACAFAH), Siting, Resource Assessment & Environmental Tech R&D (Remote Sensing, Wake Modeling, Wildlife Mitigation) (EUAMAOAJ)

Keywords

• Renewable energy development
• Solar project development
• Battery energy storage
• EV charging infrastructure
• Community solar programs

Headquarters

HQ city

Lowell

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Land Lease Payments: New Leaf Energy enters into long-term land lease agreements with landowners, paying annual rent for the use of property for renewable energy projects. The company manages the entire development process while landowners receive stable lease income.
2. Project Development and Transfer: The company develops projects through permitting, environmental studies, design, and utility interconnection, then transfers completed projects to qualified long-term owners who build, own, and maintain the projects. Revenue is generated through development activities and project transfer.
3. Project Portfolio Sales: New Leaf Energy sells project portfolios (such as the 39 MW community solar portfolio in Illinois sold to Standard Solar) as part of its development business model, generating revenue through asset sales.
4. EV Charging Infrastructure Development: New Leaf Energy develops megawatt-scale EV fast-charging infrastructure with partners who provide capital to build and maintain facilities. Revenue comes from development fees and long-term infrastructure partnerships.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

New Leaf Energy is a national renewable energy developer that identifies, permits, designs, and brings to construction-ready stage solar, battery energy storage, wind, and EV charging projects across the United States. The company signs long-term land leases with property owners, manages interconnection, permitting, environmental studies, and engineering, then transfers completed projects to long-term owners and operators. It also develops megawatt-scale EV fast-charging infrastructure with capital partners for commercial and fleet customers.

Product overview

New Leaf Energy operates as a renewable energy developer offering four integrated core services: Solar Development (over 1 GW developed), Energy Storage/BESS (using LFP battery technology), Wind Generation, and Electric Vehicle Charging infrastructure. The company identifies projects of greatest value to a decarbonizing electricity system, managing the entire development process from land evaluation through construction handoff to long-term owners. Their energy storage projects store renewable energy for deployment when needed, while their EV charging services help property owners add megawatt-scale fast chargers. Recent projects include the Seahawk Energy Storage Project, a 200 MW/200 MWh LFP battery facility in California.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Development
• Energy Storage (BESS) Development

Quantifiable outcome

• 1 GW+ of clean energy projects developed
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Standard SolarminorStrategic or Co-development PartnerStandard Solar acquired a 39 MW community solar portfolio from New Leaf Energy, comprising five projects across Blackstone, Braceville, Dwight, Seneca, and Wadsworth in Illinois.
• ZelestraminorStrategic or Co-development PartnerZelestra secured $113 million project financing for an 81 MW Jasper County solar project in Indiana, with Banco Santander as sole arranger and Meta as the long-term environmental attributes purchaser. Zelestra operates independently in the project financing market.
• EV Charging Network PartnerscoreStrategic or Co-development PartnerNew Leaf Energy works with partners who provide capital to build and maintain EV charging facilities. These partners front the investment for megawatt-scale charging infrastructure while New Leaf handles development, design, and permitting.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Pine Gate Renewables: Solar and battery storage developer operating across the US, focused on utility-scale and community solar plus storage projects. Directly comparable in project-development model, geographic diversification, and reliance on sales-led landowner and C&I origination.
• Cypress Creek Renewables: US-based developer of solar and energy storage projects from origination through construction and asset transfer. Comparable pipeline scale, geography mix, and reliance on long-term offtake counterparties.
• Lightsource bp: Global solar and storage developer with a substantial US development arm. Comparable as a multi-state utility-scale solar + storage developer with project-transfer exit strategy and corporate PPA offtake relationships.
• Hecate Energy: US developer of utility-scale solar PV and battery energy storage projects. Closely comparable in development pipeline scale, reliance on interconnection queue positioning, and project-transfer monetization model.
• Origis Energy: US-focused renewable energy developer building utility-scale solar and storage projects for sale to long-term owners. Comparable to New Leaf in asset-transfer development model, multi-state footprint, and hyperscaler offtake relationships.
• Silicon Ranch: Independent US solar developer and owner-operator of utility-scale and distributed solar projects. Comparable in nationwide development footprint, landowner partnership model, and recent push into storage-adjacent offerings.

Others

• ChargePoint: Public EV charging network operator and software provider. Adjacent rather than directly competing, as New Leaf develops the physical infrastructure that ChargePoint's software and networked chargers depend on at the site level.

Emerging players

• Ranger Power: Early-stage US developer focused on large-scale solar and storage interconnection positions. Comparable origination-to-transfer development model but smaller pipeline and narrower geographic footprint.

Broad incumbents

• EDF Renewables North America: Established North American renewable developer and IPP with utility-scale solar, wind, and storage across the US. Comparable product offering and geographies but materially larger balance sheet and IPP ownership model.
• Clearway Energy Group: US-based renewable energy owner-operator with significant utility-scale solar and storage. Comparable in operating geographies and asset classes but operates as a yieldco/owner rather than a pure developer-transfer model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/new-leaf-energy-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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 New Leaf Energy