Bildmore Clean Energy

What Bildmore Clean Energy does

Bildmore Clean Energy is a Houston, Texas-based private investment firm founded in 2024 that provides minority structured equity capital to US renewable energy and clean energy projects whose sponsors cannot meet the narrow criteria of traditional bank tax equity (TTE). The company is backed by EnCap's Energy Transition Fund II, and its operating orientation is rooted in decades of energy project development and finance experience shared across the founders and EnCap managing partners.

Bildmore's product set spans tax equity alternative investments, preferred equity financing, bridge financing, and safe harbor financing for utility-scale battery storage (ITC), solar (ITC or PTC), wind, RNG, and emerging molecule projects. Its core technology is financial structuring rather than a software platform: the firm combines conventional US and global project finance techniques with bespoke structuring tools (flexible FMV step-up percentages, depreciation allocations, expected flip dates, sponsor buyout rights) and uses comprehensive tax insurance to avoid requiring upstream parent guarantees. The safe harbor product specifically targets ITC eligibility preservation and FEOC risk mitigation for community solar and distributed generation portfolios.

Go-to-market is enterprise field sales targeting project developers and sponsors either directly or through tax equity advisors and investment banks, supported by conference participation (notably the Novogradac Renewable Energy Tax Credits Conference) and the firm's website as a top-of-funnel asset. The company is actively building a team of approximately 10 professionals in Houston, led by CEO David Haug (a 30-year energy and power veteran), Chief of Staff Jane Johnson (formerly COO of Jefferies' Global Energy & US Power Investment Banking group), and EVP Cedric Tiu (formerly of Credit Suisse with over $6 billion in prior renewable energy commitments). Revenue mechanics are rooted in equity appreciation, tax credit optimization, and depreciation benefits on the firm's structured investments rather than recurring subscription or fee revenue.

Name

Bildmore Clean Energy

Legal name

Bildmore Clean Energy

Website

https://bildmore.com

Company type

Private

Founded year

2024

Operating status

Operating

Short description

Bildmore Clean Energy is a Houston-based, EnCap-backed private investment firm founded in 2024 that deploys minority structured equity into US renewable energy and clean energy tax credit projects for developers unable to access traditional bank tax equity, with a focus on utility-scale solar, battery storage, and community solar assets.

Ownership category

akta.pro rank

Product category

Renewable Energy Tax Equity & Structured Investment

NAICS

Other Financial Vehicles (52599)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Real Assets — Energy & Power Infrastructure (Renewables, Conventional, Storage) (FSAHAIAD)

akta.pro secondary industry

Structured Renewable Products (Blocks, Shaped, Baseload, Peak, Firming) (EUAGADAE)

Keywords

• Minority structured equity
• Tax credit investments
• Renewable energy financing
• Clean energy tax equity
• Preferred equity financing

Headquarters

HQ city

Houston

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

Revenue model

1. Minority Structured Equity Investments: Bildmore provides minority equity investments in third-party US renewables and clean energy tax credit projects, optimizing transferable tax credits available under the IRA and One Big Beautiful Bill Act. Returns generated through equity appreciation, tax credit optimization, and depreciation benefits.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Bildmore Clean Energy invests minority structured equity into third-party US renewables and clean energy tax credit projects, providing an alternative capital source for Developers and Sponsors that cannot meet narrow traditional bank tax equity criteria. Its offerings span tax equity alternative investments, preferred equity financing, bridge financing, and safe harbor financing for utility-scale battery, solar, wind, RNG, and molecule projects. Returns are generated through equity appreciation, tax credit optimization under the IRA and 2025 OBBBA, and depreciation benefits, with comprehensive tax insurance replacing upstream parent guarantees.

Product overview

Bildmore Clean Energy is a capital investment firm offering minority structured equity investments in third-party US renewables and clean energy tax credit projects as an alternative to traditional bank tax equity. The firm provides flexible investment structures including tax equity alternative investments, preferred equity financing, bridge financing, and safe harbor financing for utility-scale projects including battery storage (ITC), solar (ITC or PTC), wind, RNG and molecules. Their products serve developers and sponsors seeking to optimize transferable tax credits available under the IRA and One Big Beautiful Bill Act.

Differentiator

Problem solved

Functional benefit

Products and services

• Tax Equity Alternative Investments Minority structured equity investments in third-party US renewables and clean energy tax credit projects, designed for project developers and sponsors that cannot meet narrow traditional bank tax equity criteria but seek better economic outcomes than selling tax credits at project cost.
• Preferred Equity Financing Preferred equity investments in renewable energy and battery storage projects, often structured with bridge financing to support project construction phases for US renewables developers and sponsors.
• Bridge Financing Short-term financing solutions to bridge gaps in project capital stacks during construction and development periods for renewable energy and storage projects.
• Safe Harbor Financing Financing facilities that preserve Investment Tax Credit (ITC) eligibility and mitigate Foreign Entity of Concern (FEOC) risk for community solar and distributed generation projects.

Quantifiable outcome

• Flexible structuring with no upstream parent guarantees required

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered minor and core.

• NovogradacminorGTM or Marketing Partner · 17 April 2026Co-hosting Novogradac's 2026 Spring Renewable Energy Tax Credits Conference on May 14-15 at the Hilton San Diego Bayfront, bringing together renewable energy developers, investors, lenders, and advisors.
• Crux ClimatecoreStrategic or Co-development Partner · 17 April 2026Crux Climate facilitated the safe harbor financing facility between Cloudbreak and Bildmore. Also co-hosting Novogradac conference. Provides debt capital markets platform for transactions.
• CAC SpecialtyminorGTM or Marketing Partner · 17 April 2026Co-hosting Novogradac's 2026 Spring Renewable Energy Tax Credits Conference along with Bildmore and other partners.
• Monarch Private CapitalminorGTM or Marketing Partner · 17 April 2026Co-hosting Novogradac's 2026 Spring Renewable Energy Tax Credits Conference along with Bildmore and other partners.
• Nixon PeabodyminorGTM or Marketing Partner · 17 April 2026Co-hosting Novogradac's 2026 Spring Renewable Energy Tax Credits Conference along with Bildmore and other partners.
• Raymond James Renewable Energy InvestmentsminorGTM or Marketing Partner · 17 April 2026Co-hosting Novogradac's 2026 Spring Renewable Energy Tax Credits Conference along with Bildmore and other partners.
• Cloudbreak EnergycoreStrategic or Co-development Partner · 18 March 2026Crux facilitated a safe harbor financing facility between Cloudbreak Energy and Bildmore Clean Energy for 106 MWdc of distributed generation assets across Colorado and Maryland. The transaction preserves ITC eligibility and mitigates FEOC risk for community solar projects, supporting Cloudbreak's transition into an independent power producer.
• Peregrine Energy SolutionscoreStrategic or Co-development Partner · 18 November 2025Peregrine Energy Solutions closed $168M preferred equity and debt facilities for a 150MW battery energy storage project in Colorado with Bildmore, First Citizens Bank, and Nomura. The project is under construction with expected completion in late 2025.
• Peregrine Energy SolutionscoreStrategic or Co-development Partner · 13 November 2025Peregrine Energy Solutions completed a preferred equity commitment and secured financing for a $317 million battery energy storage project in Texas with financing from multiple lenders and strategic investors including Bildmore.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Greenbridge Capital: Greenbridge Capital operates as a tax credit transfer intermediary and structured capital provider for renewable energy projects. It is comparable to Bildmore because both serve as alternative capital sources for developers/sponsors that fall outside traditional bank tax equity criteria.
• Crux Climate: Crux operates a tax credit transfer marketplace and capital markets platform that facilitates transactions between tax credit sellers and buyers. It is comparable because Crux itself intermediated Bildmore's Cloudbreak safe harbor financing deal and serves overlapping developer/sponsor deal flow in the same clean energy tax credit ecosystem.
• Ecofin Tax Equity Advisors: Ecofin provides tax-equity-related advisory and investment solutions for the renewables sector, with strategies spanning traditional and structured capital. It is comparable to Bildmore as a specialist renewable energy tax capital intermediary focused on developer-friendly structures.

Broad incumbents

• KeyBank (Clean Energy Finance / Tax Equity): KeyBank is one of the largest providers of traditional bank tax equity in US renewable energy projects. It is comparable as a broad incumbent whose narrowing TTE criteria create the opportunity set that Bildmore serves, and it is a primary competitive reference point for Bildmore's positioning.
• US Bancorp Impact Finance (Renewable Energy Tax Equity): US Bancorp is a leading institutional tax equity investor in US renewables, financing utility-scale solar, wind, and storage projects. It is comparable as one of the established TTE providers whose narrow underwriting criteria define the alternative market Bildmore targets.
• Citizens Bank Tax Equity: Citizens Bank is a meaningful tax equity participant in US solar and storage, including partnerships alongside Bildmore-style structures. It is comparable as a competing capital source for developers seeking tax credit monetization in the same US utility-scale market.
• Arevon Energy: Arevon Energy is a developer, owner, and operator of utility-scale solar and storage projects in the US. It is comparable to Bildmore as a counterparty in the renewable energy capital stack; Arevon appears in Bildmore's team alumni network and operates in the same BESS and solar pipeline where Bildmore deploys structured equity.
• Brookfield Renewable: Brookfield Renewable is a large-scale renewable energy operator and investor across solar, wind, storage, and hydro. It is comparable as a large incumbent investor in US renewable infrastructure and indirectly competes for the kind of utility-scale assets Bildmore finances.
• Nomura (Clean Energy Infrastructure): Nomura is active in renewable energy infrastructure debt and tax credit-related financing, including alongside Bildmore in the Peregrine BESS financing. It is comparable as a co-investor and competing capital provider in US utility-scale solar and storage.

Emerging players

• Tradesmen Energy & Infrastructure Partners: Tradesmen Energy & Infrastructure focuses on US renewable energy tax credit transfers and infrastructure private equity. It is comparable as a smaller specialist in the same IRA tax credit transfer ecosystem that Bildmore serves, often competing for sponsor mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bildmore

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about Bildmore Clean Energy