UGE

What UGE does

UGE International Ltd. is a community and commercial solar project developer, owner, and operator that was founded in 2008 and headquartered in New York, with secondary offices in Toronto and Los Angeles. The company develops, finances, constructs, owns, and operates distributed solar photovoltaic and battery energy storage projects across 24 U.S. states, with project experience exceeding 500 MW and a development pipeline of 416 MW plus a pre-development pipeline exceeding 1.4 GW. Its technology stack centers on community and commercial-scale solar PV paired with battery storage, with specialized site-development capabilities in brownfield redevelopment (former landfills and industrial sites), agrivoltaics, and pollinator-friendly ground-mount arrays; the company also operates UGEngineering as an internal and external engineering consulting arm.

UGE generates revenue through three primary mechanics: (1) recurring energy generation from owned-and-operated community solar and commercial projects, where subscribers (homeowners, renters, businesses, institutions) receive credits reducing electricity bills by at least 10% while the project earns generation revenue at reported ~85% gross margin; (2) project development value realized at each maturity stage (pre-development through commercial operation), with net project value estimated at US$0.50-1.00/W and Q4 2023 third-party appraised value at $3.09/W; and (3) financing spread on green bond issuances (8-9% coupons, four-year maturities, secured at 150% project pool coverage) and project debt/tax equity facilities (e.g., a $25M Twain Financial facility for six Maine projects). GTM is hybrid: direct enterprise field sales to property hosts and large anchor off-takers (T-Mobile, WholeFoods, municipalities, Fortune 100 corporates), combined with channel partnerships (Ampion for residential subscriber acquisition/billing; Common Energy for corporate Clean Energy Benefit Programs including Bloomberg employees).

In August 2024 the company was taken private by NOVA Infrastructure Fund II, LP (a $1.45B energy-transition infrastructure fund), transitioning from its prior TSX Venture Exchange (TSXV: UGE) and OTCQB (UGEIF) listings to private ownership. Post-acquisition, the company announced a June 2025 acquisition of rights to 122 development-stage projects across 14 states and added operational leadership (COO Brandon McNeil, Board Director Scot Melland). The company has a 51-100 employee footprint and discloses an explicit Low-to-Moderate Income (LMI) targeting mandate of 25%+ of operational portfolio off-take by 2026. Note: the revenue and net-income figures included in the input financial table appear to belong to a different issuer or contain a data error; revenue is not publicly disclosed.

Name

UGE

Legal name

UGE International Ltd.

Website

https://ugei.com

Company type

Private

Founded year

2008

Operating status

Acquired

Headcount range

51–100 employees

Short description

UGE International Ltd. develops, owns, and operates community and commercial solar PV plus battery storage projects across 24 U.S. states, serving property hosts, subscribers, and enterprise anchor off-takers such as T-Mobile. It monetizes recurring generation revenue (~85% gross margin), project development value, engineering services, and green bond financing.

Ownership category

akta.pro rank

Product category

Solar Energy Development

NAICS

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

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Community Solar Development & Subscription Management (EUAMAJAA)

akta.pro secondary industries

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA), Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

Keywords

• Community solar development
• Commercial solar projects
• Battery energy storage
• Renewable energy development
• Power purchase agreements

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Energy Generation Revenue: Revenue from owning and operating solar projects that generate electricity sold to subscribers through community solar programs and to anchor off-takers through PPAs. Projects achieve approximately 85% gross margins on recurring revenue.
2. Project Development and Sales: Developing solar and battery storage projects through stages (pre-development, development, construction, commercial operation). Value created at each stage of project maturation. Net value earned from projects estimated at US$0.50-1.00/Watt.
3. Engineering and Consulting Services (UGEngineering): Engineering arm provides consulting services for commercial, industrial, and utility-scale solar projects. Revenue from contracted engineering work on projects ranging from 100kW to 12MW.
4. Green Bond Financing: Issuance of green bonds to retail and institutional investors for project development financing. Bonds secured by project pool with 150% coverage ratio, bearing 8-9% interest rates.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels5 records

Core offering

UGE develops, owns, and operates community and commercial solar generation and battery storage projects across 24+ U.S. states. Hosts (building owners, landowners, institutions) monetize unused property space through long-term solar leases with no upfront cost or risk, while subscribers (homeowners, renters, businesses, institutions) save 10%+ on electricity bills without installing rooftop panels. The company captures value at every stage of project maturation from pre-development through commercial operation.

Product overview

UGE International Ltd. operates as a community and commercial solar project developer, owner, and operator. The company's core offerings include community solar projects and commercial solar installations that allow subscribers to access solar energy without installing panels on their property. These are complemented by battery energy storage systems (BESS) that enhance grid resilience. UGE serves multiple customer segments through dedicated programs for building owners, landowners, institutions, and subscribers. The company also offers UGEngineering consulting services and issues green bonds as a financing mechanism for project development.

Differentiator

Problem solved

Functional benefit

Products and services

• Community Solar Projects UGE develops, owns, and operates community solar projects that allow homeowners, renters, businesses, and institutions to access solar power benefits without installing panels on their property. Subscribers save at least 10% on electricity costs through monthly bill credits tied to project output, with no upfront cost, no installation, and no maintenance responsibilities.
• Commercial Solar Projects UGE develops commercial-scale solar installations built on commercial rooftops, land, or carport canopies for businesses, institutions, and municipalities. Property hosts receive long-term lease payments and state-specific incentives, while enterprise off-takers receive clean energy supply via Power Purchase Agreements.
• Battery Energy Storage Systems (BESS) UGE develops battery energy storage projects that complement solar installations, including standalone storage and solar-plus-storage configurations. BESS projects enhance grid resilience and enable time-shifting of solar generation, with 5MW BESS projects currently under development.
• UGEngineering

Quantifiable outcome

• Subscribers save minimum 10% on electricity bills
• +4 more outcomes

Named customers12 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

Feature4 records

Partnerships

Five partnerships are on record, tiered core and major.

• HelienecoreTechnology or Integration · 8 May 2024Multiyear module supply agreement with North America's fastest-growing domestic solar module manufacturer. Heliene provides high-quality U.S.-made PV modules with U.S.-made cells, helping UGE qualify for Domestic Content Investment Tax Credit (ITC) Bonus under the Inflation Reduction Act and reducing supply chain risk.
• Common EnergycoreChannel Partner/ Reseller/ Distributor · 1 October 2019Partnership for community solar subscription programs. Common Energy's Clean Energy Benefit Program enables corporate employees (Bloomberg, etc.) to subscribe to UGE-owned projects. Common Energy handles program administration and subscriber management.
• AmpioncoreChannel Partner/ Reseller/ DistributorTurnkey subscription and revenue management solution for community solar. Ampion handles subscriber acquisition, billing, and ongoing revenue management for projects including Expressway Plaza in Staten Island.
• Wildflower LtdmajorStrategic or Co-development PartnerLong-term partnership for industrial rooftop solar projects in metro New York City. Multiple projects developed together including new development in 2022.
• NYCEDC (New York City Economic Development Corporation)majorStrategic or Co-development PartnerPartnership for microgrid development in NYC flood zones. Developed 8 RISE:NYC microgrids in partnership with NYCEDC, HUD, and SimpliPhi for energy resilience.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Dimension Energy: Dimension Energy is a community solar IPP focused on developing, owning, and operating distributed solar projects with subscriber off-take - a nearly identical GTM to UGE's.
• Soltage: Soltage develops, owns, and operates community solar projects via subscription models; closely comparable business model and PPA/subscription flywheel to UGE.
• Nautilus Solar Energy: Nautilus develops, owns, and operates community solar projects nationally with a subscription-driven model very similar to UGE's. Same ownership/operator business model and target subscriber customer.
• Cypress Creek Renewables: Cypress Creek is a major U.S. community and utility-scale solar developer/owner/operator; same underlying project origination-to-ownership model and competing in many of the same state markets as UGE.
• Nexamp: Nexamp is one of the largest community solar developers, owners, and operators in the U.S., directly competing with UGE in the same community-solar subscription model across overlapping Northeastern and Midwestern states.
• Clearway Community Solar: Clearway operates a community solar subscription business serving residential off-takers across multiple U.S. states; same subscriber-savings value proposition and similar project economics.
• Solar Landscape: Solar Landscape develops commercial and community rooftop solar in the Northeastern U.S., including LMI-serving projects; directly comparable in rooftop community solar delivery and customer segments.

Emerging players

• Ampion: Ampion is both a UGE channel partner for subscriber acquisition and an emerging community solar subscriber-management platform competing for the same projects; comparable in subscriber tooling rather than project ownership.
• Common Energy: Common Energy is a community-solar subscription platform, partner to UGE, that enables corporate and residential subscribers to sign up for community solar; comparable in subscriber enrollment mechanics.

Broad incumbents

• AES Distributed Energy: AES Distributed Energy is a broad incumbent developer of distributed solar-plus-storage projects with community solar offerings, competing with UGE in larger commercial and institutional PPAs and shared-solar markets.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/UGEInternational
• LinkedInlinkedin.com/company/uge-international
• Xx.com/UGE_Intl

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds8 records

Investors4 records

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 UGE