New Leaf Energy
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.
- Company typePrivate
- Founded2022
- HeadquartersLowell, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
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.
New Leaf Energy firmographics
Firmographics- 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
New Leaf Energy industry classification
Industry- 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
Where New Leaf Energy is headquartered
LocationHeadquarters
- HQ city
- Lowell
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
New Leaf Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- 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.
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quote-based pricing for landowners and commercial partners |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
New Leaf Energy product offering
Product offeringCore 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
Companies that use New Leaf Energy
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
New Leaf Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
New Leaf Energy partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- Standard SolarminorStandard Solar acquired a 39 MW community solar portfolio from New Leaf Energy, comprising five projects across Blackstone, Braceville, Dwight, Seneca, and Wadsworth in Illinois.
- ZelestraminorZelestra 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 PartnerscoreNew 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
New Leaf Energy competitors and assessment
Company assessmentDirect 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
New Leaf Energy social profiles
Digital presenceNew Leaf Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
New Leaf Energy leadership team
Management profileNumber of profiles
Profiles6 records
New Leaf Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New Leaf 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 New Leaf Energy
What does New Leaf Energy do?
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.
Is New Leaf Energy a public or private company?
New Leaf Energy is a private company. It is classified as private equity controlled and is currently operating.
When was New Leaf Energy founded?
New Leaf Energy was founded in 2022. It employs 101 to 250 people.
Where is New Leaf Energy based?
New Leaf Energy is headquartered in Lowell, United States, in the North America region.
How does New Leaf Energy make money?
Four revenue lines are on record. Land Lease Payments are the primary driver. The others are project Development and Transfer, project Portfolio Sales and EV Charging Infrastructure Development.
Who are New Leaf Energy's main competitors?
Direct peers on record are Pine Gate Renewables, Cypress Creek Renewables, Lightsource bp, Hecate Energy, Origis Energy and Silicon Ranch. ChargePoint is listed as an others. Ranger Power is listed as an emerging player. Broad incumbents are EDF Renewables North America and Clearway Energy Group.
Does New Leaf Energy have an API?
No public API is recorded for New Leaf Energy.
What industry is New Leaf Energy in?
New Leaf Energy's product category is Renewable Energy Development. Its primary akta.pro industry code is EUACALAJ, Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro), with a secondary code of EUACAFAH, Hybrid Wind Power Plants (Wind+Solar+Storage Co-located). Its NAICS code is 221114 and its SIC code is 4991.