Triple Oak Power

What Triple Oak Power does

Triple Oak Power is a U.S.-based clean power developer founded in 2020 and headquartered in Portland, Oregon. The company develops utility-scale onshore wind projects and increasingly hybrid configurations that pair wind with co-located solar and battery energy storage systems. Its active pipeline spans 8 GW across 14 states and approximately 20 projects, including Prairie Switch Wind (163 MW), Long Grain Wind, Cabin Creek, Three Saints Wind, Camino Madre (which incorporates 300 MW of battery storage), and Black Ridge Wind, supported by a regional office in St. Johns, Arizona.

Name

Triple Oak Power

Legal name

Triple Oak Power, LLC

Website

https://tripleoakpower.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Triple Oak Power is a U.S.-based clean power developer building utility-scale onshore wind and hybrid wind-solar-battery storage projects. Backed by Energy Capital Partners, it has an 8 GW pipeline across 14 states serving utilities and C&I offtakers via PPAs and project sales.

Ownership category

akta.pro rank

Product category

Utility-Scale Wind Power Development

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro industry

PRIMARYEUACAFAE

Wind Farm Development & Permitting (Greenfield/Brownfield)

Energy, Utilities & Environment/Electric Power Generation/Wind Power Generation (Onshore & Offshore)

SECONDARYEUACAFAH

Hybrid Wind Power Plants (Wind+Solar+Storage Co-located)

Energy, Utilities & Environment/Electric Power Generation/Wind Power Generation (Onshore & Offshore)

SECONDARYEUACAFAF

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations)

Energy, Utilities & Environment/Electric Power Generation/Wind Power Generation (Onshore & Offshore)

SECONDARYEUAFAAAA

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

Energy, Utilities & Environment/Energy Storage & Grid Flexibility (Batteries, Hydrogen Storage, Demand Response)/Battery Energy Storage Systems (BESS) & Stationary Storage

Keywords

• Utility-scale wind development
• Hybrid renewable energy
• Battery energy storage
• Clean power generation
• Power purchase agreements

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Clean Power Sales: Revenue generated from selling electricity produced by wind, solar, and battery storage projects to utilities and C&I customers through power purchase agreements (PPAs). Projects include wind-plus hybrid facilities.
2. Landowner Lease Payments: Payments to landowners for hosting projects on their property, including per-turbine payments and electricity royalties from approximately 40 local farmers per project.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Triple Oak Power develops utility-scale onshore wind energy projects complemented by solar generation and battery energy storage systems (BESS) across the United States. The company identifies sites, conducts studies, secures land leases from landowners, navigates permitting and interconnection, and brings projects to commercial operation, then sells electricity to utilities and commercial & industrial customers via long-term power purchase agreements (PPAs) or sells completed projects to asset owners.

Product overview

Triple Oak Power develops utility-scale onshore wind and hybrid renewable energy projects across the United States. The company's project portfolio spans 14 states with approximately 20 projects totaling 7-8 GW of capacity. Triple Oak's wind-plus approach combines wind energy with solar and battery energy storage (BESS) technologies. The company develops projects from early-stage through shovel-ready status, then transitions projects to equipment suppliers, final owners, and ongoing operators. Power purchasers include utilities and commercial and industrial partners. Key named projects include Black Ridge (800 MW wind+solar in Arizona), Cabin Creek Wind (300 MW in Oklahoma), Home Range (1000 MW in Kansas), Prairie Switch Wind (163 MW, sold to Fengate), and Three Saints Wind (210 MW in Oklahoma).

Differentiator

Problem solved

Functional benefit

Products and services

• Black Ridge Renewable Project 800 MW hybrid wind and solar renewable energy project in Apache County, Arizona, located on private and state land. Phase 1 includes 400 MW wind and 400 MW solar generation.
• Cabin Creek Wind 300 MW wind farm project in Craig County, Oklahoma developed in partnership with more than 50 local ranchers and landowners across approximately 30,000 acres; powers approximately 100,000 homes annually.
• Camino Madre 450 MW hybrid renewable project with 300 MW battery energy storage system (BESS) in Yavapai County, Arizona.
• Home Range 1000 MW wind project in Kearny and Finney Counties, Kansas, targeting commercial operation in 2028.
• Long Grain 200 MW wind project in Crittenden County, Arkansas, with approximately 50 proposed turbines.
• Prairie Switch Wind 163 MW wind farm in Wharton County, Texas with approximately 48 turbines on 12,000 acres; sold to Fengate in September 2023 and achieved commercial operation in December 2023, powering approximately 50,000 homes annually.
• Sentinel Wind project with capacity of up to 675 MW in Lincoln County, Colorado.
• Three Saints Wind Wind project with approximately 210 MW capacity in Fayette and Marion Counties, Oklahoma featuring 29-46 wind turbines across a 15,000-acre footprint, powering approximately 65,000 homes annually.

Quantifiable outcome

• 8 GW pipeline of utility-scale onshore wind and hybrid projects under development
• +3 more outcomes

Named customers4 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

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• FengatecoreStrategic or Co-development PartnerPurchased Prairie Switch Wind project from Triple Oak Power in September 2023. Fengate is a clean energy infrastructure investor.
• REAL AZ (Apache County Economic Development)minorStrategic or Co-development PartnerPartnership with Apache County economic development organization to develop job training opportunities for Black Ridge project.
• South Central Community School District 401minorStrategic or Co-development PartnerCommunity partner benefiting from Three Saints Wind project contributions for school district and local services.

Scale indicators13 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Apex Clean Energy: Apex Clean Energy is one of the largest U.S. independent utility-scale wind and solar/storage developers with a multi-GW pipeline, headquartered in Charlottesville, VA. It is the closest direct comparable to Triple Oak Power — same U.S. utility-scale wind/solar/storage developer business model, similar land-leasing community engagement approach, and similar target buyers (utilities and C&I).
• Invenergy: Invenergy is a leading U.S. developer, owner, and operator of utility-scale wind, solar, and storage projects with a multi-thousand MW pipeline. Directly comparable to Triple Oak Power in target market, technology mix (wind+solar+BESS hybrid), and PPA-driven go-to-market with utilities and large corporates.
• Pattern Energy: Pattern Energy develops, owns, and operates utility-scale wind and solar/storage projects across North America. Highly comparable to Triple Oak Power on technology (onshore wind + storage hybrids), target buyer base (utilities and C&I), and asset-light-to-owner-operator spectrum.
• Leeward Renewable Energy: Leeward Renewable Energy is a U.S. developer and operator of utility-scale wind, solar, and battery storage projects with operations across multiple states. Directly comparable to Triple Oak Power on hybrid wind+solar+BESS project structure, PPA sales model, and asset-light development approach.
• Longroad Energy: Longroad Energy develops, owns, and operates utility-scale wind and solar projects across the U.S. with a focus on hybrid configurations. Closely comparable to Triple Oak Power on technology mix, development pipeline scale, and target off-takers (utilities and corporate clean energy buyers).
• Hecate Energy: Hecate Energy is a U.S. developer of utility-scale solar and battery storage projects with growing wind exposure. Comparable to Triple Oak Power on the developer-of-hybrid-renewables model targeting utility and C&I PPAs, though Hecate skews more solar/storage-heavy.
• EDF Renewables North America: EDF Renewables develops, builds, and operates utility-scale wind, solar, and storage projects across the U.S. — including major wind farms in the same geographies as Triple Oak Power. Directly comparable on hybrid wind+solar+storage project development and utility PPA sales.

Broad incumbents

• ENGIE North America (Renewables): ENGIE is a global energy major with a sizable U.S. utility-scale wind and solar development arm, including hybrid storage projects. Comparable to Triple Oak Power on hybrid renewables project structure, though ENGIE operates as a broad incumbent across generation, retail, and services rather than as a wind-focused specialist developer.
• AES Clean Energy: AES Clean Energy is the U.S. renewables arm of The AES Corporation, developing and operating utility-scale solar, wind, and battery storage projects. Directly comparable to Triple Oak Power on wind+solar+storage pipeline and utility/C&I offtake, but operates as part of a much larger diversified generation platform.
• Clearway Energy Group: Clearway Energy Group owns and operates one of the largest U.S. fleets of renewable and conventional generation, with significant wind and solar/storage capacity. Comparable to Triple Oak Power on utility-scale wind/solar ownership and PPA off-take, though Clearway operates as a yieldco/IPP rather than as a development-led platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/triple-oak-power

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Triple Oak Power