Novi Energy

What Novi Energy does

NOVI Energy LLC is a privately held, family-owned energy infrastructure project developer founded in 2002 in Novi, Michigan by Anand Gangadharan, a former executive at CMS Energy, PacifiCorp, and Consumers Energy's nuclear operations. The company operates as a full-stack developer across solar PV (50–200 MW utility-scale), Li-ion energy storage (behind-the-meter to utility-scale), combined heat and power, advanced-class gas turbines, anaerobic digestion/biogas, biomass, micro-hydro, wind, and — through its nVision Energy subsidiary — Small Modular Reactor and Advanced Reactor deployment via a cooperative agreement with TerraPower for the Natrium sodium-cooled fast reactor.

The business serves utilities (Consumers Energy, Duke Energy, NOVEC, Ameren, Dominion Energy), industrial and manufacturing customers (Wisconsin Aluminum Foundry, Colonial Pipeline), and federal and international government clients (U.S. Department of Veterans Affairs, U.S. Fish and Wildlife Service, USDA, USTDA, World Bank), with projects spanning 49 U.S. states and more than 30 countries. Commercial vehicles include project development fees and equity returns, anchor off-take power purchase agreements, the Apricus Energy joint venture with Osaka Gas USA for 1 GW of solar and storage, and energy consulting engagements covering feasibility studies, audits, technical assistance, construction management, and tariff analysis.

The firm has cumulatively developed nearly 2,000 MW of clean and renewable energy projects and over $2 billion in project value over roughly two decades, while maintaining a lean organization of approximately 40 employees headquartered at 23955 Novi Road, Novi, Michigan.

Name

Novi Energy

Legal name

NOVI Energy LLC

Website

https://novienergy.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Novi Energy is a family-owned energy infrastructure project developer in Novi, Michigan that develops utility-scale solar, energy storage, biomass, gas, and nuclear (via nVision) projects for utilities, industrial customers, and government clients across the United States and internationally.

Ownership category

akta.pro rank

Product category

Clean Energy Project Development

NAICS

Solar Electric Power Generation (221114), Biomass Electric Power Generation (221117), Nuclear Electric Power Generation (221113), Fossil Fuel Electric Power Generation (221112)

SIC

Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

akta.pro secondary industries

Microgrid, DER & Building Electrification Energy Controls (Solar/Storage/EV Load Orchestration) (BPABAGAJ), DERMS & Microgrid Control Software (EMS/SCADA/DERMS) (EUAMAJAG), Onsite Low-Carbon Heat & CHP (Electrified CHP, Fuel Cells, Renewable CHP) (EUABAJAI), Resilience & Backup Power Solutions (Critical Facilities, Islanding) (EUAMAJAK), Distributed Generation (DG) Solar & Small Wind (EUAMAJAD)

Keywords

• Clean energy development
• Utility-scale solar PV
• Energy storage systems
• Anaerobic digestion biogas
• Small modular reactors

Headquarters

HQ city

Novi

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Energy Project Development: NOVI Energy develops clean, sustainable energy projects including solar PV, gas power plants, and nuclear SMR projects. The company defines projects commercially and technically, completes permitting, establishes financing, and takes projects through construction to operations. Revenue is generated through project ownership, equity returns, and development fees.
2. Energy Consulting Services: Provides feasibility studies, audits, technical assistance, improvement plans, construction and development management, and tariff analysis for government entities, private companies, and utilities in U.S. and international markets.
3. Power Purchase Agreements: Long-term power purchase agreements (PPAs) with utilities such as Consumers Energy and Duke Energy for electricity generated from projects. Fremont Community Digester has a 20-year contract with Consumers Energy.
4. Joint Venture - Apricus Energy: Joint venture with Osaka Gas USA Corporation (Apricus Energy) to develop 1 GW of solar and energy storage projects across the United States. NOVI Energy contributes development expertise while OGUSA contributes capital.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

NOVI Energy is a clean energy project developer that defines, permits, finances, constructs, and operates utility-scale renewable and clean energy projects for utilities, industrial customers, governments, and hyperscalers. Core offerings include utility-scale solar PV (50–200 MW), Li-ion energy storage, combined heat and power, gas turbine generation, anaerobic digestion/biogas, biomass, micro-hydro, and SMR/advanced nuclear reactor development through its nVision Energy subsidiary. The company also provides energy consulting services including feasibility studies, audits, technical assistance, and project management.

Product overview

NOVI Energy is an energy infrastructure developer offering a diversified portfolio of clean energy solutions. The company operates through two primary subsidiaries/sub-brands: nVision Energy (nuclear SMR/AR development) and Apricus Energy (solar and storage joint venture with Osaka Gas USA). Core offerings include utility-scale solar PV development (50-200 MW projects), energy storage systems (Li-ion from small-scale to utility-scale), natural gas power generation (combined heat and power, advanced combustion turbines), and biomass/biogas power (anaerobic digesters). The company also provides comprehensive energy consulting services including feasibility studies, audits, and project development management. In the last 5 years, NOVI has developed over $2 billion in clean and renewable energy projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Utility-Scale Solar PV Development

Quantifiable outcome

• Over $2 billion in clean and renewable energy projects developed in 5 years
• +7 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• TerraPowercoreStrategic or Co-development Partner · 12 February 2025nVision Energy (NOVI Energy affiliate) and TerraPower entered a cooperative agreement for scalable deployment of TerraPower's Natrium 345 MW sodium-cooled fast reactor with molten salt energy storage system across the United States. The Natrium technology is the only advanced nuclear technology with a construction permit application pending with the US NRC. nVision brings project development expertise, licensing strategy, financing capability, and construction/operations experience.
• United States Trade and Development Agency (USTDA)coreStrategic or Co-development Partner · 1 August 2021NOVI Energy contracted with USTDA for multiple engagements: desk study series for Sub-Saharan Africa (5 potential energy projects reviewed), definitional missions for MENA region (30 projects in 18 countries), and LNG feasibility study in Nigeria.
• Osaka Gas USA CorporationcoreGTM or Marketing Partner · 13 July 2021NOVI Energy partnered with Osaka Gas USA Corporation to form joint venture 'Apricus Energy' to develop 1 GW of clean, renewable solar energy and energy storage across the United States — enough to power 150,000 homes. This is OGUSA's first utility-scale solar investment in the US. NOVI contributes development expertise; OGUSA contributes capital.
• Green Liquid Natural Gas Ltd. (GNLG) / InfraCreditcoreStrategic or Co-development Partner · 1 August 2020NOVI Energy worked with Green Liquid Natural Gas Ltd. and InfraCredit on technical, commercial, and financial due diligence for a 200,000 scm/day LNG liquefaction project in Nigeria. NOVI subsequently contracted for third-party verification of design, procurement review, and manufacturing monitoring. Project obtained financing in early 2023.
• GE (General Electric)coreTechnology or Integration · 8 March 2019NOVI Energy selected GE's HA Gas Turbine technology for the Charles City Combined Cycle project in Virginia. The HA is GE's most efficient gas turbine technology, selected to power more than 750,000 households.
• Duke EnergycoreGTM or Marketing Partner · 9 January 2016Duke Energy signed power purchase agreements with NOVI Energy for electricity from the proposed NOVI Carolina Digester I and II plants in North Carolina (each producing 4-5 MW of renewable electricity).
• Short's Brewing CompanyminorGTM or Marketing Partner · 25 September 2013Short's Brewing Company partnered with NOVI Energy's Fremont Community Digester to divert high strength effluent (brewery waste water) for conversion into biogas usable in renewable electricity generation. Short's also purchases Renewable Energy Credits to offset electricity use.
• Gerber Products CompanyminorGTM or Marketing Partner · 25 September 2013Gerber Products Co. (Fremont, MI) supplies organic food processing waste (baby food by-products) to Fremont Community Digester under long-term feedstock supply contracts, diverting waste from landfills while providing fuel for the digester.
• Northern Virginia Electric Cooperative (NOVEC)coreStrategic or Co-development Partner · 14 September 2011NOVEC partnered with NOVI Energy to develop, design, and construct the Halifax County Biomass plant (49.9 MW) in South Boston, Virginia. NOVI served as project developer and oversaw construction; NOVEC owns the plant. NOVEC is a not-for-profit electric distribution cooperative serving 150,000+ customers in Virginia.
• INDUS Energy / NE Biofuels LLCcoreStrategic or Co-development Partner · 15 July 2011INDUS Energy LLC (Bingham Farms, MI) is the majority owner of Fremont Community Digester. Managing member is NE Biofuels LLC of Novi. NOVI Energy serves as developer and operator of the facility.
• North Central CooperativecoreStrategic or Co-development Partner · 15 July 2011North Central Cooperative (Wabash, IN) is a minority owner of Fremont Community Digester and markets the plant's fertilizer and compost products. Also partnered on NOVI Carolina Digesters I & II projects.
• Consumers EnergycoreGTM or Marketing Partner · 24 June 2011Consumers Energy signed a 20-year power purchase agreement with NOVI Energy for electricity from the Fremont Community Digester (3 MW), approved by the Michigan Public Service Commission. This was the first time the utility purchased energy from food processing waste.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Recurrent Energy: Utility-scale solar PV and storage project developer (subsidiary of Canadian Solar) developing projects across the U.S. Highly comparable to NOVI's 50–200 MW utility-scale solar development model with similar offtake structures to utilities and hyperscalers.
• Lightsource bp: Global utility-scale solar PV and storage developer with significant U.S. project pipeline. Comparable developer profile (solar + storage + project finance partnerships) and similar utility/hyperscaler customer base.
• 8minute Solar Energy: U.S. utility-scale solar PV and storage developer with multi-GW project pipeline. Directly comparable business model — develop, permit, finance, and sell/operate utility-scale solar + storage projects across the U.S.
• Pine Gate Renewables: U.S. utility-scale solar developer with operational and development pipeline across multiple states. Comparable project development lifecycle (origination through COD) and similar utility/community PPA structures.
• Vanguard Renewables: U.S. anaerobic digestion/biogas developer that converts food and farm waste into renewable natural gas and electricity. Closest comparable to NOVI's Fremont Community Digester operating model and feedstock strategy.
• Origis Energy: U.S. utility-scale solar and energy storage developer with operating projects across multiple states. Comparable scope (development, financing, construction, operations) and similar community/government engagement approach.
• EDF Renewables North America: Multi-technology renewable energy developer (wind, solar, storage) with utility-scale U.S. project pipeline. Directly comparable utility-facing developer model with broader geographic footprint and balance sheet.

Emerging players

• X-energy: U.S. advanced reactor developer (Xe-100 high-temperature gas reactor) targeting commercial SMR deployment. Comparable trajectory to nVision Energy in pursuing first-of-fleet advanced reactor commercialization for baseload power.

Broad incumbents

• NextEra Energy Resources: Largest U.S. renewable energy developer/operator and subsidiary of NextEra Energy. Sets the benchmark for utility-scale wind, solar, and storage development against which mid-size developers like NOVI compete.

Others

• Black & Veatch: Global engineering, procurement, and consulting firm serving the energy sector with feasibility studies, audits, and owner's engineer/development services. Comparable to NOVI's energy consulting practice for government and utility clients.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCzPTrbtqJbOlvbL-CvKD5Og
• Facebookfacebook.com/NOVIEnergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 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 Novi Energy