What Bear Peak Power does

Bear Peak Power is a Denver-based renewable energy project developer founded in 2021 that develops community solar, utility-scale solar, and battery energy storage systems (BESS) across underserved and emerging U.S. solar markets. The company secures project sites through option-to-lease agreements with landowners (typically 10+ usable acres, 25-year lease terms with extension options) and develops assets from land acquisition through permitting and operations, often leveraging existing interconnection and substation infrastructure at former coal plant sites such as the 200 MW Cayuga Power Plant project in Lansing, NY. The development pipeline exceeds 800 MW across multiple states including Colorado, Massachusetts, New York, and West Virginia.

The business operates a dual revenue model: one-time project development income from asset sales or power offtake arrangements with investor-owned utilities and large electricity customers, plus recurring land lease payments to landowners providing 20+ year stable revenue streams. Bear Peak serves three primary customer segments — landowners seeking stable long-term revenue from underutilized property, investor-owned utilities seeking clean energy and grid reliability solutions, and local communities benefiting from tax revenue and job creation.

The company is privately held and capitalized by Lacuna Sustainable Investments through three undisclosed equity rounds (December 2021, February 2022, and an upsize in January 2023). In March 2022, Bear Peak acquired Grid Projects Co., adding a C&I pipeline under the Massachusetts SMART program and bringing founder Michael Marcotte onto the executive team as Managing Partner (subsequently CEO). The current management team includes co-founders John L. France and Ryan Scott alongside Marcotte, with functional leadership across development, land, finance, and project execution.

Name

Bear Peak Power

Legal name

Bear Peak Power

Website

https://bearpeakpower.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Bear Peak Power is a Denver-based solar and energy storage developer that builds community, utility-scale, and BESS projects across underserved U.S. markets. It serves landowners, investor-owned utilities, and local communities through option-to-lease land origination and clean energy project development.

Ownership category

akta.pro rank

Product category

Solar and Energy Storage Project Development

NAICS

Solar Electric Power Generation (221114)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)

akta.pro secondary industry

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

Keywords

• Solar project development
• Battery energy storage
• Utility-scale solar
• Community solar development
• Renewable energy development

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Solar Project Development: Development of distributed generation, utility-scale, and commercial/industrial solar projects throughout the United States. The company develops projects from land acquisition through permitting and operations.
2. Land Lease Agreements: Solar leases with landowners providing 20+ year stable revenue streams. Typical lease term is 25 years with additional extension options.
3. Energy Storage Development: Development and deployment of battery energy storage systems (BESS) for grid reliability and energy distribution.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Bear Peak Power develops solar and energy storage projects across the United States, including community solar farms, utility-scale solar installations, and battery energy storage systems (BESS). The company leases land from property owners through 25-year option-to-lease agreements and develops distributed generation, commercial/industrial, and utility-scale projects from land acquisition through permitting and operations.

Product overview

Bear Peak Power is a solar and energy storage project developer offering a portfolio of interconnected products: Community Solar provides public access to renewable energy with local economic benefits; Utility-Scale Solar serves large electricity customers with clean alternatives; and Energy Storage assets (including Battery Energy Storage Systems) improve grid reliability. The company also offers landowner services through Solar Land Lease Programs. The acquisition of Grid Projects Co. added C&I solar projects under the Massachusetts SMART program to the portfolio. The company develops distributed generation and utility-scale projects throughout the United States, with over 800 MW under development.

Differentiator

Problem solved

Functional benefit

Products and services

• Community Solar Solar farms developed to provide the public with access to renewable energy; creates local jobs and generates tax revenue for the communities where projects are sited.
• Utility-Scale Solar Large-scale solar projects providing clean energy alternatives to traditional non-renewable power for utilities and large electricity customers.
• Energy Storage Energy storage assets developed to improve the reliability of the electrical grid by strategically charging and distributing energy.
• Battery Energy Storage System (BESS) Large-scale battery energy storage systems that store and distribute electricity for grid applications, including utility-scale installations at former industrial sites such as coal-fired power plants.
• Solar Land Lease Program Lease program for landowners offering 25-year solar leases with extension options, providing stable long-term revenue streams for landowners while enabling solar development; includes option-to-lease and property purchase arrangements.
• Commercial & Industrial Solar (Grid Projects Co.) Commercial and industrial (C&I) solar projects developed under the Massachusetts SMART program, including 18 MW of projects under development acquired via the Grid Projects Co. acquisition.

Quantifiable outcome

• Successfully developed over 85 MW in five different states
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Grid Projects Co.coreStrategic or Co-development Partner · 4 March 2022Bear Peak Power acquired Grid Projects Co., gaining access to their pipeline of C&I projects in the Massachusetts SMART program and 18 MW of existing projects under development. The acquisition also brought founder Michael Marcotte onto the Bear Peak executive team as Managing Partner.
• Cayuga Operating CompanyminorStrategic or Co-development Partner · 19 November 2021Bear Peak Power entered into a lease option with Cayuga Operating Company to develop a battery energy storage system at the former Cayuga Power Plant site in Lansing, New York, leveraging existing interconnection and substation infrastructure.
• Beaver Coal Co., Ltd.minorStrategic or Co-development Partner · 19 November 2021Bear Peak Power signed an option agreement with Beaver Coal Co. to explore Raleigh County, West Virginia, as a potential site for a new solar farm at a former coal plant location.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Plus Power: Standalone battery energy storage developer and IPP. Directly comparable on the BESS side of Bear Peak's portfolio (e.g., the Cayuga 200 MW / 4-hour project), though Plus Power operates at significantly larger scale.
• Origis Energy: Solar and storage developer with utility-scale, C&I, and community solar projects across the U.S. Comparable across Bear Peak's full product set — community, utility-scale, and storage.
• Convergent Energy + Power: Battery energy storage and solar-plus-storage developer with a project-development and ownership model. Closely comparable to Bear Peak's BESS development and IPP ambitions.
• Cypress Creek Renewables: Community solar and utility-scale solar developer with deep C&I and distributed generation exposure. Directly comparable to Bear Peak's community solar, distributed generation, and landowner-lease GTM.
• Hecate Energy: Solar and storage developer focused on emerging and underserved U.S. markets. Closely matches Bear Peak's strategy of building utility-scale and community solar plus BESS in markets often bypassed by larger IPPs.
• Avantus (formerly 8minute Solar Energy): Utility-scale solar and storage IPP with a substantial late-stage development pipeline. Directly comparable in product offering, though materially larger and more capitalized than Bear Peak.

Broad incumbents

• Innergex Renewable Energy: Renewable IPP with solar, wind, and storage assets across North America. Comparable in business model (renewable development + ownership) but operates at significantly larger scale than Bear Peak.
• Clearway Energy Group: Owner and developer of utility-scale renewable and storage assets. Comparable in business model (developer/IPP of solar + storage), though operates as a much larger, publicly-affiliated platform.
• Apex Clean Energy: Large-scale renewable energy developer spanning wind, solar, and storage across the U.S. Overlaps with Bear Peak's utility-scale solar + storage development but at a far larger scale and broader portfolio.
• EDF Renewables: Global utility-scale renewable developer with meaningful U.S. solar and storage activity. Overlaps with Bear Peak's product set but at vastly greater scale and capital access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bear Peak Power