Southern Current
energyRe is a private energy infrastructure company developing utility-scale solar generation, battery energy storage, and transmission projects across multiple US states. The company serves utilities and corporate energy buyers primarily through long-term 25-year power purchase agreements.
- Company typePrivate
- Founded2015
- HeadquartersCharleston, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Southern Current does
energyRe (legal entity of Southern Current) is a private energy infrastructure company developing utility-scale solar generation, battery energy storage, and transmission projects across multiple US states, including South Carolina, Nebraska, and Texas. The company's core technology stack combines solar generation facilities, grid-scale battery energy storage systems designed to increase grid reliability and resiliency, and transmission infrastructure modernization. A flagship initiative is the 214 MW distributed solar portfolio developed through Radial Power, alongside the Platt Solar Project in Phelps County, Nebraska, and five contracted solar projects in South Carolina.
The company operates an enterprise field-sales go-to-market motion, engaging directly with utilities and corporate energy buyers through long-term power purchase agreements (PPAs) with 25-year terms. PPAs represent a recurring, contractually anchored revenue stream, supplemented by grid services revenue from battery storage assets that support grid operators. Project development is enabled by institutional capital partnerships, most notably a $355 million tax equity and debt financing arrangement with Goldman Sachs closed in January 2026.
Customer segments are split between large utilities and grid operators seeking renewable integration and grid stability, and corporate energy buyers seeking long-term renewable procurement and sustainability outcomes. Marketing and community-engagement efforts center on press releases, local chamber participation, and direct enterprise outreach rather than broad consumer or SMB channels. The company maintains headquarters in Houston and a regional office in Holdrege, Nebraska.
Southern Current firmographics
Firmographics- Name
- Southern Current
- Legal name
- energyRe
- Website
- https://southerncurrentllc.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- energyRe is a private energy infrastructure company developing utility-scale solar generation, battery energy storage, and transmission projects across multiple US states. The company serves utilities and corporate energy buyers primarily through long-term 25-year power purchase agreements.
- Ownership category
- akta.pro rank
Southern Current industry classification
Industry- Product category
- Solar Energy Services
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI)
- akta.pro secondary industry
- Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI)
Keywords
Where Southern Current is headquartered
LocationHeadquarters
- HQ city
- Charleston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Southern Current business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D
Revenue model
- Power Purchase Agreements (PPAs): Long-term power purchase agreements (25-year terms) with energy buyers for solar project capacity. Revenue generated from selling electricity under fixed-term contracts to utilities and commercial buyers.
- Energy Storage Services: Grid services through battery energy storage systems, providing reliability and resiliency support to grid operators
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Southern Current product offering
Product offeringCore offering
Southern Current is a renewables and environment company offering solar energy systems and services. The company develops utility-scale solar generation projects, signs long-term power purchase agreements (PPAs) with energy buyers, and deploys grid-scale battery storage systems to support grid reliability and resiliency across multiple U.S. states including South Carolina, Nebraska, and Texas.
Differentiator
Problem solved
Functional benefit
Products and services
- Utility-Scale Solar Generation Utility-scale solar energy generation projects that produce reliable and affordable local energy, including distributed solar portfolios (e.g., 214 MW portfolio), for utilities and corporate energy buyers.
- Battery Energy Storage Systems Grid-scale battery storage systems that increase grid reliability and resiliency, providing storage services to grid operators and energy buyers.
- Power Purchase Agreements (PPAs)
- Transmission Infrastructure Modernization of energy transmission infrastructure to efficiently deliver affordable, reliable electricity from generation sources to end users.
Quantifiable outcome
- Projects in development supported by major financial institutions (Goldman Sachs $355M financing for 214 MW portfolio)
Companies that use Southern Current
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Southern Current technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Southern Current partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- House of Hope of the Pee DeeminorenergyRe donated $25,000 to House of Hope of the Pee Dee to support local families and individuals in need in the South Carolina community.
- Holdrege Area Chamber of CommerceminorenergyRe joined the Holdrege Area Chamber of Commerce and its community building work in Phelps County, Nebraska.
- Don Sjogren Community YMCAminorenergyRe supports the Don Sjogren Community YMCA to promote health and wellness in Phelps County, Nebraska.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Southern Current competitors and assessment
Company assessmentBroad incumbents
- NextEra Energy Resources: Largest U.S. renewable energy developer and operator; competes directly for solar + storage PPAs and grid-services revenue across the same geography.
- Hanwha Qcells USA: Vertically integrated solar module manufacturer and large-scale project developer active in U.S. utility-scale solar development alongside storage.
- ENGIE North America: Large established developer and operator of renewable generation and storage across the U.S., competing for the same utility-scale solar PPAs with much greater balance sheet capacity.
- Clearway Energy: Publicly traded owner/operator of utility-scale renewable generation and storage assets; overlaps on solar/storage PPAs and contracted cash-flow business model.
- EDF Renewables North America: Major U.S. utility-scale wind, solar, and storage developer with diversified geographic footprint; competes for enterprise renewable PPAs and grid-services opportunities.
Direct peers
- Radial Power: Directly associated entity (the 214 MW portfolio financed with Goldman Sachs is housed at Radial Power). Operates distributed solar development on the same business model and geographies.
- Recurrent Energy (Canadian Solar subsidiary): Utility-scale solar and storage developer with a U.S. project pipeline; comparable in project development, PPA offtake, and tax-equity financing structures.
- Lightsource bp: Global utility-scale solar developer and PPA originator with multi-state U.S. operations; competes for the same utility and C&I offtakers across solar + storage portfolios.
- Arevon Energy: U.S. renewable energy developer focused on utility-scale solar and storage PPAs; directly comparable platform in project finance, PPA structuring, and multi-state development.
- Apex Clean Energy: Independent U.S. wind and solar developer with utility-scale project pipeline and long-term PPAs; comparable development-to-PPA business model with multi-state footprint.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Southern Current social profiles
Digital presenceSouthern Current financial estimates
Financial estimateRevenue estimate
Valuation estimate
Southern Current leadership team
Management profileNumber of profiles
Profiles1 record
Southern Current funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Southern Current 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 Southern Current
What does Southern Current do?
Southern Current is a renewables and environment company offering solar energy systems and services. The company develops utility-scale solar generation projects, signs long-term power purchase agreements (PPAs) with energy buyers, and deploys grid-scale battery storage systems to support grid reliability and resiliency across multiple U.S. states including South Carolina, Nebraska, and Texas.
Is Southern Current a public or private company?
Southern Current is a private company. It is classified as unknown and is currently operating.
When was Southern Current founded?
Southern Current was founded in 2015. It employs 1 to 10 people.
Where is Southern Current based?
Southern Current is headquartered in Charleston, United States, in the North America region.
How does Southern Current make money?
Two revenue lines are on record. Power Purchase Agreements (PPAs) is the primary driver. The others are energy Storage Services.
Who are Southern Current's main competitors?
Broad incumbents on record are NextEra Energy Resources, Hanwha Qcells USA, ENGIE North America, Clearway Energy and EDF Renewables North America. Direct peers are Radial Power, Recurrent Energy (Canadian Solar subsidiary), Lightsource bp, Arevon Energy and Apex Clean Energy.
Does Southern Current have an API?
No public API is recorded for Southern Current.
What industry is Southern Current in?
Southern Current's product category is Solar Energy Services. Its primary akta.pro industry code is EUAGADAI, Hybrid PPAs (Renewables + Storage) & Firm Renewable Products, with a secondary code of EUAMAOAI, Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls). Its NAICS code is 221114 and its SIC code is 4911.