Ranger Power
Ranger Power is a private Chicago-based developer of utility-scale solar, wind, and battery storage projects across the U.S. Midwest, selling completed projects under PPAs and Build-Own-Transfer agreements to utilities, cooperatives, municipal agencies, and hyperscalers like Google.
- Company typePrivate
- Founded2010
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Ranger Power does
Ranger Power is a private utility-scale renewable energy developer headquartered in Chicago, Illinois. Founded by Adam Cohen (CEO) and Paul Harris (President), the company develops utility-scale solar, wind, and battery storage projects across the U.S. Midwest and adjacent regions, taking them from greenfield origination through permitting, interconnection, community engagement, and construction, then selling completed projects to long-term capital providers under Power Purchase Agreements (PPAs) and Build-Own-Transfer arrangements. D.E. Shaw Renewable Investments (DESRI) is the company's primary repeat financial partner. By the end of 2026, more than 2 GW of Ranger-developed projects are expected to be in commercial operation, representing over $2 billion of community investment.
The company's portfolio spans 15+ named projects ranging from 74 MW to 250 MW across Michigan, Missouri, Wisconsin, Iowa, Illinois, and Indiana, with utility and institutional customers including Consumers Energy, Duke Energy, Xcel Energy, Dairyland Power Cooperative, Michigan Public Power Agency, Wabash Valley Power Alliance, and a 400 MW hyperscaler off-take with Google for a Kansas City data center. Ranger Power's principal point of differentiation is a "community-first" development methodology — early stakeholder engagement, custom decommissioning plans co-developed with local farm bureaus, and endowed community impact funds tied to each major project — which the company uses to secure local approvals and utility contracts in jurisdictions where permitting risk is the dominant gating factor.
The business model is project-based and capital-light: Ranger Power earns revenue through development milestones and the sale of shovel-ready or operational projects to financial buyers such as DESRI, rather than retaining long-term asset ownership and PPA revenue. The 11–50 person organization is structured around project development functions (origination, permitting, interconnection, transmission, business development, legal, and finance), with senior leadership depth in transmission planning (two former MISO executives), legal (former Pioneer Green Energy and Open Road Renewables general counsels), and external affairs (former Michigan government relations consultant who helped shape state renewable siting reform). No outside equity funding is disclosed, and the LLC remains under the control of its co-founders.
Ranger Power firmographics
Firmographics- Name
- Ranger Power
- Legal name
- Ranger Power LLC
- Website
- https://rangerpower.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ranger Power is a private Chicago-based developer of utility-scale solar, wind, and battery storage projects across the U.S. Midwest, selling completed projects under PPAs and Build-Own-Transfer agreements to utilities, cooperatives, municipal agencies, and hyperscalers like Google.
- Ownership category
- akta.pro rank
Where Ranger Power is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Ranger Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Project Development and Sale: Ranger Power develops utility-scale solar and wind projects from greenfield through commercial operation, then sells completed projects to investors and operators like DESRI. The company has executed over 4,300 MW of Power Purchase and Build-Own-Transfer agreements.
- Power Purchase Agreements (PPAs): Long-term contracts with utilities and energy providers for the purchase of electricity generated by Ranger Power's solar and wind facilities. PPAs typically span 20-30 years and provide stable revenue streams for project financing.
- Community Impact Fund Contributions: Ranger Power creates and endows community charitable funds (such as the Pinesap Solar Community Impact Fund and Heartwood Solar Fund) as part of project agreements, contributing to local schools and organizations to build community support.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Ranger Power product offering
Product offeringCore offering
Ranger Power is an energy development company that originates, develops, and brings utility-scale solar, wind, and battery storage projects from greenfield through commercial operation, selling electricity via long-term Power Purchase Agreements to utilities and corporate buyers and transferring completed projects to long-term owners such as D.E. Shaw Renewable Investments. The company pairs each project with a community-first stakeholder engagement approach that includes land lease payments to agricultural landowners, community impact funds, and tax revenue for host communities.
Product overview
Ranger Power is a renewable energy development company that develops utility-scale solar, wind, and battery storage projects across the United States. The company's product portfolio consists of named solar projects at various stages (proposed, under construction, and operational), with each project often accompanied by community impact funds. Key projects include White Tail Solar (140 MWac, Michigan), Heartwood Solar (150 MWac, Michigan), Show Me State Solar (250 MWac, Missouri), Headland Solar (220 MWac, proposed, Michigan), and Pinesap Solar (150 MWac, Michigan). The company also develops wind projects and battery storage as part of its renewable energy portfolio. Ranger Power operates a community-first development model where projects provide investment, tax revenue, and income diversification to host communities through both direct payments and established charitable endowment funds.
Differentiator
Problem solved
Functional benefit
Products and services
- White Tail Solar A utility-scale solar facility in Washtenaw County, Michigan with 140 MWac capacity that entered commercial operation in late 2025 and provides electricity under Power Purchase Agreements to the Michigan Public Power Agency for fourteen public power utilities.
- Heartwood Solar A 150 MWac solar facility in Hillsdale County, Michigan, co-developed with DESRI, accompanied by the Heartwood Solar Fund supporting educational initiatives in Jonesville Community Schools and local community programs.
- Show Me State Solar A 250 MWac solar facility in Callaway County, Missouri, co-developed with DESRI, that achieved financial close and began construction in February 2025 and is committed to Dairyland Power Cooperative.
- Headland Solar Project
Quantifiable outcome
- Over 2 GW of clean energy projects in commercial operation by end of 2026
- +4 more outcomes
Companies that use Ranger Power
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles4 records
Ranger Power technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Ranger Power partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered minor and core.
- Huron County Community FoundationminorRanger Power partnered with the Huron County Community Foundation to establish the Pinesap Solar Community Impact Fund. Ranger Power will permanently endow the fund with a one-time contribution of $175,000 once the 150-megawatt Pinesap Solar facility is operational. The fund supports organizations in Rubicon Township, Port Hope, and Harbor Beach.
- Michigan Public Power Agency (MPPA)coreMPPA, a municipal power joint action agency, partnered with Ranger Power on the White Tail Solar project in Washtenaw County, Michigan. The project entered commercial operation late 2025 and contributes enough energy to power 6,050 homes for fourteen public power utilities sharing in the MPPA contract.
- Hillsdale County Community FoundationminorRanger Power's Heartwood Solar Fund, a component fund of the Hillsdale County Community Foundation, awards funding to support educational initiatives in Jonesville Community Schools and local community programs.
- Community Foundation for Livingston CountyminorRanger Power established the Headland Solar Community Scholarship Fund as part of the Community Foundation for Livingston County to award scholarships to Fowlerville High School students.
- Duke EnergycoreDuke Energy committed to purchase up to 199 megawatts of solar power from Ranger Power's Shelby County-based facility in Indiana, equivalent to roughly 35,000 homes. This represents Duke Energy's expansion of Indiana solar energy resources.
- LincolnWay Community FoundationminorRanger Power established the Hawkeye Solar Project Endowment Fund with the LincolnWay Community Foundation to facilitate local projects benefiting Grand Mound and students in the Central DeWitt and Calamus-Wheatland school districts.
- Consumers EnergycoreConsumers Energy signed agreements to purchase 300 megawatts of clean energy from Ranger Power's two Michigan solar projects in Genesee and Hillsdale counties, enough to power about 150,000 homes. This is one of Ranger Power's largest utility partnerships for in-state clean energy delivery.
- Wabash Valley Power Alliance (WVPA)minorWVPA, a power alliance providing locally generated energy to member co-ops, partnered with Ranger Power on the 99-megawatt Prairie State solar array in Perry County, Illinois, helping WVPA meet decarbonization goals.
- Xcel EnergycoreXcel Energy partnered with Ranger Power for the Western Mustang Solar project, a 74-megawatt solar array in Pierce County, Wisconsin. When completed, it became the largest solar facility in western Wisconsin and represents Xcel Energy's largest solar investment in the region.
- Genesys Works ChicagominorRanger Power partnered with Genesys Works Chicago to provide mentorship and job training for underserved high school students. Ranger employees have been recognized as Manager of the Year and Manager of the Month, and the partnership has continued for 4 consecutive school years.
- American Farm Bureau FederationminorThe American Farm Bureau Federation supports Ranger Power's renewable energy projects due to the economic, environmental, and national security benefits derived from renewable energy development in rural agricultural communities.
Scale indicators16 records
Recent moves6 records
Expansion highlights5 records
Ranger Power competitors and assessment
Company assessmentDirect peers
- Swift Current Energy: A utility-scale wind, solar, and storage developer based in Chicago. Operating in the same Midwest geography with overlapping utility customers, Swift Current is a near-direct competitor for project pipeline and talent in Ranger Power's core region.
- Recurrent Energy: A utility-scale solar project developer and majority-owned subsidiary of Canadian Solar. Like Ranger Power, Recurrent develops utility-scale solar projects across North America and sells to long-term offtakers, directly competing for utility-scale solar pipeline.
- Leeward Renewable Energy: A developer, owner, and operator of utility-scale wind, solar, and battery storage projects across the U.S. Leeward's portfolio of utility-scale renewable projects and PPA-based development model parallel Ranger Power's core business activities.
- Avantus (formerly 8minute Solar Energy): A major utility-scale solar and storage developer with a multi-GW pipeline. Avantus competes for utility-scale solar PPAs, hyperscaler data center offtake, and storage-plus-solar hybrid structures similar to Ranger Power's project set.
- Cypress Creek Renewables: A solar development and asset management company that develops, finances, and operates utility-scale and distributed solar projects. Cypress Creek's project development model, off-taker relationships, and renewable energy focus closely parallel Ranger Power's business.
- Apex Clean Energy: A utility-scale renewable energy developer focused on wind, solar, and storage projects with utility off-takers across the U.S. Apex's Midwest presence and utility-scale development pipeline are closely comparable to Ranger Power's activities.
- Hecate Energy: A developer of utility-scale solar and storage projects across the U.S., with strong presence in the Midwest and PJM. Hecate's project development approach, technology mix (solar + storage), and utility off-taker focus overlap directly with Ranger Power.
Broad incumbents
- Lightsource bp: A global utility-scale solar developer and operator, majority-owned by bp. Lightsource bp develops, finances, builds, and owns projects at a much larger scale than Ranger Power, representing a broader incumbent in the same utility-scale solar category.
- Invenergy: A Chicago-headquartered global developer and operator of utility-scale wind, solar, and storage projects. Invenergy's Midwest base, utility-scale focus, and integrated development-to-ownership model make it a broad incumbent peer to Ranger Power.
- EDF Renewables: A subsidiary of EDF developing utility-scale wind, solar, and storage projects in North America. EDF Renewables' broad renewable portfolio, utility-scale development capabilities, and storage offerings position it as an incumbent peer competing for similar utility PPAs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Ranger Power social profiles
Digital presenceRanger Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ranger Power leadership team
Management profileNumber of profiles
Profiles15 records
Ranger Power funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ranger Power 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 Ranger Power
What does Ranger Power do?
Ranger Power is an energy development company that originates, develops, and brings utility-scale solar, wind, and battery storage projects from greenfield through commercial operation, selling electricity via long-term Power Purchase Agreements to utilities and corporate buyers and transferring completed projects to long-term owners such as D.E. Shaw Renewable Investments. The company pairs each project with a community-first stakeholder engagement approach that includes land lease payments to agricultural landowners, community impact funds, and tax revenue for host communities.
Is Ranger Power a public or private company?
Ranger Power is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ranger Power founded?
Ranger Power was founded in 2010. It employs 11 to 50 people.
Where is Ranger Power based?
Ranger Power is headquartered in Chicago, United States, in the North America region.
How does Ranger Power make money?
Three revenue lines are on record. Project Development and Sale is the primary driver. The others are power Purchase Agreements (PPAs) and community Impact Fund Contributions.
Who are Ranger Power's main competitors?
Direct peers on record are Swift Current Energy, Recurrent Energy, Leeward Renewable Energy, Avantus (formerly 8minute Solar Energy), Cypress Creek Renewables, Apex Clean Energy and Hecate Energy. Broad incumbents are Lightsource bp, Invenergy and EDF Renewables.
Does Ranger Power have an API?
No public API is recorded for Ranger Power.