What Alternative Energy Development Group does

Alternative Energy Development Group (AEDG), founded in 2010 in Malvern, Pennsylvania as SolarSense LLC and rebranded to AEDG in 2011, is a private clean energy project developer, financier, owner, and operator serving commercial, industrial, public-sector, and institutional clients across the United States. The company develops, finances, owns, and operates distributed energy generation and storage projects - principally solar PV, natural-gas distributed generation (including Bloom Energy fuel cells), battery energy storage systems (BESS), backup power, mobile solar generators, and integrated microgrids - through 45+ single-purpose project company LLCs that monetize federal incentives (ITC, depreciation, 1603 Treasury Grant) and state-level programs (Vermont Group Net Metering, California LCFS credits). AEDG has developed and financed $600 million of projects to date across 140 commercial and industrial sites in 23 states, contracted for 2,570+ GWh of clean power, and also manages the $46 million Alternative Energy Infrastructure Projects Fund I LP as Manager of the Fund GP and a co-LP Investor, with a May 2025 joint venture with The Fortez Group and 413 Solutions poised to create a series of follow-on Energy Infrastructure Funds.

AEDG operates an energy-technology and business-model-agnostic platform, offering clients four primary commercial structures: Power Purchase Agreements (PPAs) with 15-25 year fixed-price electricity supply and zero upfront capital; Energy Savings Agreements (ESAs) tied to energy-cost outcomes; Group Net Metering (GNM) subscription-style credits; and turnkey design-build-sale direct purchase. Beyond project development, AEDG provides ESG and sustainability advisory services (Scope 1-3 baselining, GHG management, portfolio analysis, feasibility and owners-rep services), and runs the "Watts for Wishes" charitable platform that funds Make-A-Wish grants per megawatt deployed. Its go-to-market combines direct enterprise field sales targeting Fortune 500, mid-market, and government/education/healthcare buyers; a channel network of EPC firms, energy advisors, and technology partners (Bloom Energy, Mainspring Energy); and event-driven outreach via REFF, EuroMoney, the White House Business Council, and industry associations.

The executive team combines 102+ years of principal experience - including alumni of Acorn Systems, GE Solar, Motech, AstroPower (1998 IPO), Altus Power, Calibrant Energy, Bank of America, APPI, TEPA, and Legg Mason - giving AEDG in-house capability across project finance, tax-equity structuring, EPC oversight, regulatory navigation, and commercial operations. With 1-10 disclosed employees, AEDG operates as a lean originator that deploys partner capital (Bluestone's $100M P2A Clean Energy Fund, the AEIP Fund I, Reinvestment Fund buy-back debt, and the incoming Fortez/413 Solutions infrastructure funds) to scale asset ownership without material balance-sheet risk.

Name

Alternative Energy Development Group

Legal name

Alternative Energy Development Group LLC

Website

https://aedgonline.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Alternative Energy Development Group (AEDG) is a Malvern, PA-based private clean energy developer, financier, owner, and operator that develops, finances, and operates commercial and industrial-scale solar PV, fuel cell, BESS, and microgrid projects under PPA, ESA, and turnkey structures for Fortune 500, public-sector, education, and healthcare clients across 23 U.S. states, while managing its own $46M infrastructure fund and a May 2025 joint-venture fund platform with The Fortez Group.

Ownership category

akta.pro rank

Product category

Commercial & Industrial Clean Energy Development

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

akta.pro secondary industries

Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ), Renewable Energy Infrastructure (FSAAAKAG), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Utility-Scale Power Generation Asset Management (EUAEAMAA)

Keywords

• Commercial solar development
• Clean energy project financing
• Distributed energy solutions
• Power purchase agreements
• Energy advisory services

Headquarters

HQ city

Malvern

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Project Development & Fee-Based Services: Turnkey design-build-sale for customer projects; development services agreements; owners' representative services; feasibility assessments; project monitoring and management; incentive monetization; contract administration and financial services.
2. Power Purchase Agreement (PPA) Ownership Model: AEDG develops, finances, owns and operates solar PV and fuel cell projects. Revenue generated from selling electricity to host customers under long-term PPAs (typically 15-25 years). Zero upfront capital for clients; AEDG monetizes tax incentives (ITC, depreciation).
3. Fund Management Fees: AEDG serves as Manager of Fund GP and Co-LP Investor for AEIP Fund I LP ($46M). Generates management fees and carried interest from fund operations.
4. Energy Advisory Services: ESG & sustainability advisory spanning Scope 1, 2 & 3 baseline, strategy and goal setting; GHG emission reduction management; renewable energy portfolio analysis; project development structuring and financing.
5. Asset Sales & Buy-backs: Periodic sale of project company SPE LLCs to third-party asset owners (e.g., Green Street Power Partners, AllEarth Renewables, Distributed Solar Development). Also conducts buy-backs of previously sold assets.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels7 records

Core offering

Alternative Energy Development Group (AEDG) develops, finances, owns, and operates commercial and industrial-scale clean energy projects including Solar PV systems, natural-gas distributed generation, fuel cells, battery energy storage, and integrated microgrids. The company also manages the $46M Alternative Energy Infrastructure Projects Fund I LP and delivers energy and sustainability advisory services (ESG, GHG management, feasibility studies, project structuring) to C&I enterprises, government, and institutional clients. Business models offered include Power Purchase Agreements (PPA), Energy Savings Agreements (ESA), Shared Savings Agreements (SSA), and turnkey design-build-sale.

Product overview

Alternative Energy Development Group (AEDG) operates as a clean energy project development and financing company rather than a traditional software product company. Their core offering is a comprehensive suite of energy solutions that includes Solar PV Systems, Natural-gas Distributed Generation (turbines and fuel cells including Bloom Energy Servers), Energy Storage Systems (BESS), Backup Power Systems, Mobile Solar Generators, and Integrated Microgrids. They provide project financing services (equity, tax equity, debt, grants/incentives, sale leaseback), and their AEIP Fund I is a $46 million investment fund managing a portfolio of commercial and industrial-scale energy projects. Services include turnkey energy project development (feasibility through commissioning) and Energy & Sustainability Advisory (ESG, GHG management, portfolio analysis). Business models offered include PPA, ESA, SSA, and turnkey development. Their charitable platform Watts for Wishes funds Make-A-Wish grants for each MW of renewable energy deployed. AEDG serves commercial, industrial, municipal, and institutional clients across the US.

Differentiator

Problem solved

Functional benefit

Brands

• AEIP Fund I: Alternative Energy Infrastructure Projects Fund I LP - a $46 million fund investing in renewable and alternative energy projects including Solar PV, Natural gas distributed generation, and Battery Energy Storage Systems.
• Watts for Wishes

Products and services

• Solar PV Systems Solar photovoltaic systems for commercial and industrial-scale distributed energy generation, including roof-mounted, ground-mounted, and parking lot/canopy configurations. Available through PPA, turnkey development, and direct purchase for C&I clients.
• Natural-gas Distributed Generation Natural gas distributed generation systems including turbines and solid oxide fuel cells (Bloom Energy Servers) for on-site power generation with combined heat and power (CHP) capabilities for C&I and government clients.
• Battery Energy Storage Systems (BESS) Battery energy storage systems integrated with solar PV or deployed standalone for energy resilience, load management, peak shaving, and backup power for C&I clients.
• Integrated Microgrids Integrated microgrid solutions combining multiple energy technologies (solar PV, storage, backup power, dispatchable generation) for comprehensive energy management and resilience at large C&I sites.
• Mobile Solar Generators Portable solar power generation units for temporary or mobile energy needs at C&I and institutional client sites.
• Turnkey Energy Project Development End-to-end project development services including feasibility assessments, design and permitting, counter-party contracting, EPC oversight, interconnection, and commissioning for C&I energy projects.
• Project Financing Services Comprehensive project financing services including equity, tax equity, debt origination and structuring, grants and incentives origination, and sale leaseback arrangements for distributed energy projects.
• AEIP Fund I (Alternative Energy Infrastructure Projects Fund I LP) A $46 million investment fund that invests in renewable and alternative energy projects sited at commercial and industrial client sites in the US with long-term customer revenue contracts, including Solar PV, Natural Gas DG, and Battery Energy Storage projects.
• Energy & Sustainability Advisory Services Advisory services spanning ESG and sustainability (Scope 1, 2, and 3 baseline, strategy, and goal setting), GHG emission reduction and management, renewable energy portfolio analysis, project feasibility studies, owners' representation, and asset management services including project monitoring, incentive monetization, and contract administration.

Quantifiable outcome

• Reduces client electricity costs by 20-40% vs. grid-supplied electricity over 15-25 year contract terms
• +6 more outcomes

Named customers17 records

Segments6 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

Ten partnerships are on record, tiered core, minor and strategic.

• Mainspring EnergycoreTechnology or Integration · 15 November 2024Channel partnership where AEDG joins Mainspring Energy's Reseller Partner Channel. MSE's dispatchable, fuel-flexible on-premise power generation platform is an important addition to AEDG's portfolio of C&I energy solutions, particularly for clients seeking reliable, cost-effective dispatchable power.
• Green Street Power PartnersminorOthers · 15 November 2024Acquired a 2.6MWdc solar project in California from AEDG. Transaction details confidential.
• AllEarth RenewablesminorOthers · 15 November 2024Acquired a 0.37MWdc Vermont solar project from AEDG. Previously partnered as EPC and technology provider (AllSun Trackers) for multiple Vermont state and private projects.
• Seneca EnvironmentalstrategicStrategic or Co-development Partner · 1 October 2024Partnership with Seneca Environmental to extend reach and scale in driving innovative climate action in service of Indigenous communities. Income from Seneca Solar directly supports the Seneca Nation of Indians. AEDG led feasibility and solutions design for a Fortune 5 client's 10MWdc Solar & BESS project integrated with a 50MW microgrid.
• Bloom EnergycoreTechnology or IntegrationAEDG developed $45M PPA pipeline in the Mid-Atlantic region focused on Bloom Energy's solid oxide fuel cell technology - the Bloom EnergyServer. AEDG serves as developer for Bloom Energy projects at multiple C&I and government sites including Santa Clara County (2.6 MW across 4 sites).
• SPG SolarcoreImplementation/ SI/ Consulting PartnerFormal EPC Agreement with SPG Solar for 2.5MW CA solar project. Long-term go-to-market partnership for engineering and construction of solar PV projects. Also collaborated on 1.6MW CA cold storage project and additional 3.9MW across 6 CA client sites.
• Regatta SolutionsminorStrategic or Co-development PartnerCo-developed 2.176MW PV solar project at Lost Hills Oilfield with Regatta Solutions. Project acquired by Distributed Solar Development (DSD).
• NetGain Energy AdvisorscoreChannel Partner/ Reseller/ DistributorChannel partner that sourced the 1.6 MW CA cold storage solar project for AEDG. Partnered on Bloom Energy East Coast expansion. Long-standing relationship in energy advisory and project sourcing.
• Distributed Solar Development (DSD)minorOthersAcquired 2.176MW PV solar project at Lost Hills Oilfield from AEDG/Regatta Solutions. Project estimated to produce over 4,917MWh of energy per year for oil field operation.
• Make-A-Wish FoundationminorStrategic or Co-development Partner'Watts for Wishes' charitable giving platform connects renewable energy industry with Make-A-Wish Foundation to fund wishes for children with life-threatening illnesses. Multiple wish grants funded (Taylor, Maggie, Colin, Paola, Jasmine, Alyssa, Jared).

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Altus Power: Altus Power is a leading independent developer, owner, and operator of commercial-scale solar and storage assets serving C&I customers under long-term PPAs. Comparable to AEDG in business model (develop-finance-own-operate), technology mix (solar + storage), and target customer (Fortune 500/government/institutional). Note: Sean Rheuben previously worked at Altus, signaling direct executive familiarity.
• Cypress Creek Renewables: Cypress Creek is a top US independent solar developer and owner-operator focused on C&I, small utility, and community solar projects. Direct competitor to AEDG with similar develop-to-own model, multi-state footprint, and project-finance-led approach.
• ForeFront Power: ForeFront Power develops, finances, owns, and operates solar and storage projects for C&I, government, education, and nonprofit customers using PPAs and ESA structures. Directly comparable to AEDG's customer segments, contracting models, and asset-ownership approach.
• Pivot Energy: Pivot Energy is a renewable energy company that develops, finances, owns, and operates distributed solar and storage projects nationwide for commercial, institutional, and utility customers. Closely mirrors AEDG's national C&I/school/government focus and PPA-driven model.
• Distributed Solar Development (DSD): DSD is a C&I-scale solar developer and asset owner that has acquired projects from AEDG (Lost Hills). Direct overlap with AEDG in C&I solar project development, ownership, and project-finance orientation.
• Green Street Power Partners: Green Street Power Partners is an acquirer/owner of distributed solar assets that has purchased projects from AEDG. Comparable in C&I solar project ownership and finance structuring, though operates primarily on the asset-ownership side of the value chain.

Broad incumbents

• Engie Distributed Solar (formerly OpTerra Energy Services): Engie's distributed energy arm develops, owns, and operates commercial-scale solar and storage projects across the US. A much larger incumbent alternative to AEDG with similar C&I/government customer base, but operating as one piece of a global energy major's portfolio.

Emerging players

• Bloom Energy: Bloom Energy manufactures solid-oxide fuel cells used in many AEDG projects (incl. Santa Clara County, Coca-Cola, Pratt & Whitney). An enabling technology partner and adjacent player; competes in some segments with AEDG's CHP offering via direct-sale financing programs.
• Mainspring Energy: Mainspring Energy develops dispatchable, fuel-flexible linear generator technology. AEDG joined Mainspring's Reseller Partner Channel in Nov 2024. Adjacent emerging player that complements AEDG's offerings for clients needing dispatchable on-site power.

Others

• Karbone (capital advisory): Karbone served as Investment Advisor on AEDG's 2.6 MW CA project. Adjacent ecosystem participant - a capital markets advisory that helps renewable developers structure tax equity, debt, and grants. Comparable as a clean-energy project finance enabler.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Alternative Energy Development Group