What Lodestar Energy does

Lodestar Energy is a private, founder-led solar photovoltaic project developer founded in 2014 and headquartered in West Hartford, Connecticut with a regional office in New York City. The company provides end-to-end solar and energy storage development services spanning site identification, environmental studies, permitting, entitlement, utility interconnection, and project financing, and has developed and financed more than $300 million across 40 projects totaling nearly 130 MW, with approximately 100 MW in active pipeline. Its core technology stack is conventional utility-scale and distributed-generation solar PV paired with battery storage, supplemented by capabilities in community distributed generation, brownfield and landfill redevelopment, and commercial rooftop and carport installations.

The business operates a hybrid revenue model combining development and financing fees on third-party capital with longer-duration recurring streams: long-term land leases (20+ year terms) paid by Lodestar to landowners hosting facilities; power purchase agreements with municipalities, housing authorities, and public companies; and community-solar credit arrangements that deliver discounted energy savings to subscribers at no upfront cost. Customer concentration is split across municipalities, public housing authorities, community solar subscribers, landowners (minimum 15 acres), and commercial rooftop hosts, with notable repeat customers including the Chelsea Housing Authority (projects in 2017 and 2023) and Bridget Energy Services as a distribution partner in Connecticut.

Go-to-market is direct-sales-led and community-led, relying on relationship-based outreach to landowners, municipal procurement, and regulatory proceedings before public service commissions in the states of operation. The current footprint spans Connecticut, New York, and Massachusetts as the core Northeast market, with active expansion into Maryland through four subsidiary LLCs pursuing Certificates of Public Convenience and Necessity. The team includes 18+ named professionals across origination, project finance, legal, regulatory, accounting, and project development functions, with senior leadership drawn from SunEdison, ALTRU Energy, Offit Capital, Aspen Power, BlackRock, and MassMutual.

Name

Lodestar Energy

Legal name

Lodestar Energy

Website

https://lodestarenergy.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Lodestar Energy is a Northeast US-based solar PV and energy storage developer that finances, develops, and operates projects for municipalities, housing authorities, landowners, and public companies. Founded in 2014, it has delivered 40 projects totaling nearly 130 MW across CT, NY, MA, and MD.

Ownership category

akta.pro rank

Product category

Solar Project Development and Financing

NAICS

Solar Electric Power Generation (221114)

akta.pro primary industry

Owner’s Engineering, Grid Interconnection & System Studies (PVsyst/Performance Modeling, Protection Studies) (EUACAGAG)

akta.pro secondary industries

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

Keywords

• Solar project development
• Renewable energy financing
• Community solar programs
• Energy storage solutions
• Solar land leasing

Headquarters

HQ city

Avon

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Solar Project Development and Financing: Lodestar develops and finances solar energy projects, earning development fees and financing arrangements. They have successfully developed and financed over $300 million in solar projects.
2. Power Purchase Agreements (PPAs): Long-term contracts with public companies and municipalities for purchase of solar-generated electricity, providing recurring revenue over project lifetimes.
3. Land Lease Agreements: Earning long-term lease income from landowners who host solar and energy storage facilities on their properties (20+ year lease relationships).
4. Energy Savings Partnerships: Providing municipalities, housing authorities, and small businesses with discounted solar credits and energy savings at no upfront cost to customers.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Lodestar Energy is a solar project developer and financier that identifies, develops, finances, and constructs solar photovoltaic and energy storage projects in the Northeast United States. The company delivers end-to-end project development services (site identification, environmental studies, permitting, entitlement, utility interconnection) and structures long-term Power Purchase Agreements, land leases (20+ year terms), community solar subscriptions, and project financing for municipalities, housing authorities, public companies, landowners, and local businesses.

Product overview

Lodestar Energy is a solar development company offering a unified service portfolio centered on solar project development and financing. The core offerings include end-to-end solar project development (site identification, permitting, utility interconnection), project financing including tax equity transactions, and power purchase agreement services. These are complemented by land lease programs for landowners (15+ acres minimum), community solar programs for housing authorities and municipalities, rooftop solar arrays for businesses, and energy storage solutions. The company has developed and financed nearly 130MW of solar projects across New York, Connecticut, and Massachusetts, with approximately 100MW in pipeline.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Project Development End-to-end solar project development services for utility-scale and distributed generation projects, including site identification, environmental studies, permitting, entitlement, and utility interconnection agreements. Targeted at landowners, municipalities, housing authorities, public companies, and local businesses in the Northeast U.S.
• Solar Project Financing Financing solutions for solar energy projects, including tax equity transactions and pairing projects with renewable energy investors for long-term lease relationships. Offered to project counterparties and renewable energy investors.
• Power Purchase Agreement (PPA) Services Power purchase agreement negotiation and offtake securing services for municipalities, housing authorities, and public companies seeking to reduce energy costs and meet sustainability goals through solar.
• Solar Land Lease Program Long-term land lease arrangements (20+ year terms) for landowners with a minimum of 15 acres available, generating stable lease income from solar and energy storage facilities hosted on their properties.
• Community Solar Program Community Distributed Generation projects that enable communities, municipalities, and housing authorities to save money through discounted solar credits while supporting local renewable energy development.
• Energy Storage Development Energy storage project development integrated with solar facilities, including site assessment, permitting, and deployment of battery storage systems alongside PV arrays.
• Commercial Rooftop and Canopy Solar Commercial rooftop and carport/canopy solar solutions for businesses, leveraging unused rooftop or parking lot space to generate clean energy and reduce electricity bills. Includes Lodestar's 5.4MW canopy project in Lancaster, MA - the largest in the Northeast.

Quantifiable outcome

• Successfully developed and financed over $300 million in solar projects
• +4 more outcomes

Named customers6 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

Feature3 records

Partnerships

One partnership is on record.

• Bridget Energy ServicescoreStrategic or Co-development PartnerBridget Energy Services has partnered with Lodestar Energy on multiple projects in Connecticut for their energy clients. Mark Sassi, VP of Energy Services, stated: 'We have partnered with Lodestar Energy on a number of projects in Connecticut for our energy clients. They've done what they said they would at every turn and are a great partner for our municipal customers.' This is an ongoing partnership focused on serving municipal customers in Connecticut.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aspen Power: Aspen Power is a distributed solar developer serving commercial, industrial, and municipal customers, with similar focus on community solar and PPA structures. Directly comparable as Lodestar's Senior Project Finance Manager joined from Aspen Power, indicating overlapping capabilities and markets.
• Altus Power: Altus Power is a commercial-scale solar developer focused on community solar and C&I customers across multiple US states. Direct peer given similar customer segments (municipalities, businesses, housing authorities) and community distributed generation focus, though Altus operates at significantly larger scale and is publicly traded.
• Nexamp: Nexamp is one of the largest community solar developers in the Northeast US, directly serving municipalities, housing authorities, and commercial customers with similar community solar subscription models. Highly comparable given geographic overlap in MA/CT/NY and identical customer profiles.
• Borrego Solar: Borrego Solar is a commercial and utility-scale solar developer with project development, financing, and EPC capabilities serving C&I, municipal, and community solar customers. Comparable as a Northeast-active developer offering end-to-end solar development services similar to Lodestar's offerings.
• Dynamic Energy Solutions: Dynamic Energy is a commercial and industrial solar developer specializing in rooftop, canopy, and ground-mount installations across the Northeast. Direct peer with similar customer base (businesses, municipalities, housing authorities) and project types (rooftop, brownfield redevelopment).
• Greenlight Solar: Greenlight Solar is a Connecticut-based commercial and residential solar installer serving Northeast markets. Comparable regional peer with overlapping service area (CT, MA) and C&I customer focus, though smaller scale and different project sizes.

Broad incumbents

• Clearway Community Solar: Clearway is one of the largest US renewable energy developers and owners, with significant community solar operations across multiple states including the Northeast. Comparable customer segments and PPA structures, though Clearway operates at massive scale with broader generation portfolio.
• EDF Renewables North America: EDF Renewables develops utility-scale solar and storage projects across the US, including community solar and C&I offerings. Broad incumbent that competes in similar Northeast markets though with significantly larger project sizes and capital base.

Emerging players

• Recurve (formerly Clean Energy States Alliance grantees): Recurve provides software and analytics for distributed energy resources and community solar program administration, including Northeast utility programs. Emerging player in the community solar ecosystem where Lodestar develops projects, offering complementary rather than competing capabilities.

Others

• Bridget Energy Services: Bridget Energy Services is a strategic partner that has worked with Lodestar on multiple Connecticut municipal projects. Comparable as an energy services company serving municipal customers in CT, functioning more as a channel partner/collaborator than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries4 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 Lodestar Energy