Green Lantern Solar

What Green Lantern Solar does

Green Lantern Solar is a renewable energy development and finance company headquartered in Waterbury, Vermont, founded in 2011 by Luke Shullenberger. The company develops commercial-scale, community, and utility-scale solar PV and battery storage projects on challenging land types — including brownfields, capped landfills, reclaimed mining and gravel pits, agrivoltaic sites, and greenfields — primarily serving municipal, education, healthcare, utility, hospitality, and commercial/industrial customers across nine eastern U.S. states. By 2025 the company had completed more than 125 projects representing over 65 MW of capacity, producing approximately 75 GWh of electricity annually and saving customers nearly $1.5 million per year in utility bills.\n\nGreen Lantern's offering is vertically integrated: project development (site acquisition, surveying, permitting, legal contracts), in-house project financing including tax-equity structures, land leasing, full-service EPC, ownership and asset management, and operations and maintenance. Its proprietary capability is its domain specialization in difficult development sites — including pollinator-friendly agrivoltaics since 2016, elevated panel designs, and the engineering knowledge required to permit and construct on closed landfills and brownfields. Its largest completed project is a 6.7-MW solar array with 2-MWh Tesla PowerPack battery storage developed and constructed for Green Mountain Power in Essex, Vermont.\n\nGreen Lantern Solar generates revenue through three primary streams: one-time gains from developing and selling completed, fully permitted projects to long-term owner-operators such as Sea Oak Capital and Madison Energy Infrastructure; recurring asset management and net-metering credit revenue from projects it retains ownership of; and EPC professional service fees for utility partners and project owners. The company employs direct enterprise field sales targeting municipalities, K-12 districts, hospitals, ski resorts, utilities, and large commercial enterprises with turnkey solar solutions. On November 12, 2025, Green Lantern Solar was acquired by Dispatch Energy LLC, transferring 64 solar and battery storage projects totaling 208.9 MWdc into Dispatch's distributed generation portfolio.

Name

Green Lantern Solar

Legal name

Green Lantern Solar

Website

https://greenlanternsolar.com

Company type

Private

Founded year

2011

Operating status

Acquired

Headcount range

11–50 employees

Short description

Green Lantern Solar, founded in 2011 in Waterbury, Vermont, develops commercial, community, and utility-scale solar plus storage projects on brownfields, landfills, agrivoltaic, and greenfield sites across nine eastern U.S. states, serving municipalities, schools, healthcare providers, and commercial enterprises.

Ownership category

akta.pro rank

Product category

Commercial Solar Energy Development Services

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Distributed Generation (DG) Solar & Small Wind (EUAMAJAD), Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ)

Keywords

• Commercial solar development
• Community solar projects
• Solar EPC services
• Agrivoltaics solutions
• Battery storage systems

Headquarters

HQ city

Waterbury

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, Infrastructure

Revenue model

1. Project Development & Sales: Develops solar projects through full lifecycle then sells completed projects to investors/owner-operators like Sea Oak Capital and Madison Energy Infrastructure.
2. Project Ownership & Asset Management: Owns and operates solar projects, generating revenue through net metering credits and power sales to offtakers.
3. EPC Services: Engineering, procurement and construction services provided to utility partners and project owners.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Green Lantern Solar is a renewable energy development and finance company that delivers turnkey commercial and community solar PV projects, including project development, financing, land leasing, engineering/procurement/construction (EPC), ownership, and asset management. The company specializes in developing arrays on challenging terrains such as brownfields, landfills, reclaimed mining sites, agrivoltaic sites, and greenfields, and integrates solar PV with battery storage (e.g., Tesla PowerPack) for grid-resilient, dispatchable systems.

Product overview

Green Lantern Solar is a solar development and construction company offering a comprehensive suite of services including project development, project financing, land leasing, engineering/procurement/construction (EPC), ownership and asset management, and operations and maintenance. The company specializes in developing solar projects on challenging terrains including brownfields, landfills, reclaimed mining sites, agrivoltaic sites, and greenfields. Their market segments include community solar, commercial and industrial (C&I) solar, education sector solar, public sector solar, and agriculture solar. Founded in 2011 and headquartered in Waterbury, Vermont, the company has completed over 125 community solar projects and commercial solar solutions totaling more than 65 megawatts.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Development Comprehensive project development services including site acquisition and leasing, site design and surveying, state and local permitting, and legal contract creation and execution for commercial and community solar projects. Targeted at landowners, municipalities, schools, hospitals, utilities, and commercial/industrial buyers.
• Project Financing Solar financing services including tax-equity deals and project financing at any stage of the solar project lifecycle, leveraging the company's deep roots as pioneers in solar financing dating back to 2011. Targeted at project owners, investors, and partners.
• Land Leasing & Acquisition Land leasing and acquisition services working with landowners such as farmers to lease their land for solar installations, providing long-term consistent revenue and utility bill savings. Targeted at farmers, ranchers, and landowners.
• Engineering, Procurement & Construction (EPC) Full-service EPC team with decades of experience in commercial construction, energy and supply-chain management, providing flexible and innovative construction services with optimized work quality, cost, and project cycle times. Targeted at utility partners and project owners.
• Ownership & Asset Management Dedicated asset management team managing contracts, billing, utility relations, and annual reporting, serving as liaison for investors, lenders, and customers. Targeted at investors, lenders, and solar project customers.
• Operations and Maintenance (O&M) Operations and maintenance services for solar projects, including an in-house O&M team for project monitoring and upkeep. Targeted at solar project owners and operators.
• Agrivoltaics/Ecovoltaics Solutions Solar installations that integrate energy production with agricultural land use, supporting grazing livestock, pollinator habitats, and soil conservation through land leases and revenue-sharing models with farmers and ranchers. Targeted at farmers, ranchers, and agricultural landowners.
• Brownfield Solar Solutions Redevelopment of contaminated sites (brownfields) into productive solar energy installations, including award-winning projects on former factory and military base sites. Targeted at municipalities and landowners with contaminated or underutilized sites.
• Reclaimed Mining Site Solar Solutions Solar installations on reclaimed sand and gravel extraction operations and other mining sites, providing long-term revenue that supports ongoing operations and offsets reclamation expenses. Targeted at mining/quarry operators and landowners.
• Landfill Solar Solutions Transformation of closed landfills and solid waste facilities into solar energy generators, revitalizing underutilized spaces and delivering economic benefits to local communities. Targeted at municipalities and waste management entities.
• Greenfield Solar Solutions Ground-mount solar projects that transform underutilized open land into long-term renewable energy assets, providing stable income through land leases for landowners. Targeted at landowners and project investors.
• Community Solar Community solar projects providing clean energy access to commercial and residential offtakers through virtual net-metered arrangements, allowing anyone to benefit from offsite solar. Targeted at residential and commercial offtakers who cannot install rooftop solar.
• Commercial & Industrial Solar Complete turnkey solar solutions for small and large businesses across the Northeastern United States, providing utility bill savings and sustainability benefits. Targeted at commercial and industrial businesses.
• Education Sector Solar Solar installations for school districts enabling energy savings and budget resources for educational missions. Targeted at K-12 school districts and educational institutions.
• Public Sector Solar Solar solutions for municipal entities and government organizations, helping save money with clean solar power. Targeted at towns, cities, and government entities.
• Agriculture Solar Solar installations helping farmers generate revenue from both their farms and solar leases, with pollinator-friendly habitats or livestock grazing below panels. Targeted at farmers, ranchers, and agricultural co-operatives.

Quantifiable outcome

• 125+ community solar and commercial solar projects completed since 2011
• +3 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Sea Oak CapitalcoreStrategic or Co-development Partner · 15 January 2025Ongoing partnership where Green Lantern Solar sells completed community solar projects to Sea Oak Capital. Sea Oak Capital serves as long-term owner-operator of the projects. Multiple transactions completed including the Brighton VT project (500 kW), eight Vermont community solar projects, and more than a half-dozen other Vermont projects.
• Madison Energy InfrastructurecoreStrategic or Co-development Partner · 10 July 2024Partnership for sale of fully permitted community solar projects in Maine. Green Lantern sells projects to Madison Energy Infrastructure who serves as long-term owner-operator. Two Maine projects (Mechanic Falls 1.5 MW DC and Roosevelt Trail 1.7 MW DC) were sold with expectation of more transactions to come.
• Bee the ChangeminorStrategic or Co-development Partner · 29 June 2020Collaboration on pollinator-friendly solar installations. Partnered on multiple projects planting pollinator-friendly ground cover at solar arrays. First collaboration in 2017, second project in New Haven VT in 2020. Site features dozens of plant species designed to attract pollinator insects and beneficial bird species.
• Green Mountain PowercoreStrategic or Co-development Partner · 22 April 2019Development and construction partnership for utility-scale solar + storage projects. Green Lantern managed permitting and construction on behalf of Vermont's largest utility. Major project: 6.7-MW solar and 2-MWh Tesla PowerPack battery storage in Essex, VT - the largest solar + storage facility in the area.
• Kendall Sustainable InfrastructureminorStrategic or Co-development Partner · 15 February 2018Joint development partnership for Mount Snow Resort solar projects. Green Lantern served as developer and general contractor for 1.5 MW combined capacity projects. Projects offset resort electricity usage for 20+ years.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Nexamp: Boston-based community solar and distributed generation developer with significant Northeastern footprint; competes directly with Green Lantern Solar in community solar subscriptions, C&I projects, and solar + storage across Massachusetts, New York, and Maine.
• Borrego Solar: C&I solar EPC and developer with strong Northeast presence; directly comparable in full-stack development, EPC, and asset management service offering for commercial and institutional customers.
• Cypress Creek Renewables: Large-scale community solar and C&I solar developer active in Northeastern states; comparable in project-sale monetization model and focus on distributed generation sites including brownfields.
• BlueWave Solar: Northeast community solar and grid-scale solar developer headquartered in Boston; directly comparable in business model (project development + sale to long-term owners) and target geographies including Massachusetts and Maine.
• ReVision Energy: Maine- and New Hampshire-based solar installer and developer offering C&I, community solar, and battery storage solutions; shares New England customer base and a former Green Lantern Director of Development (Geoffrey Sparrow) came from ReVision Energy, indicating close competitive overlap.
• Pivot Energy: Denver-based community solar and C&I solar developer expanding into Northeastern markets; directly comparable in project development + financing model and customer segments (municipalities, schools, commercial enterprises).
• Silicon Ranch: Nashville-based solar IPP with leading agrivoltaics (regenerative energy) program; directly comparable to Green Lantern in dual-use solar with agricultural land and project ownership model.

Broad incumbents

• Dispatch Energy: Strategic acquirer of Green Lantern Solar in November 2025; operates a larger distributed generation portfolio with O&M and asset management capabilities across the U.S. solar market.
• EDF Renewables North America: Large multinational renewable energy developer and IPP with utility-scale and distributed solar across the Northeast; broader portfolio but overlaps in C&I solar, community solar, and utility partnerships.

Others

• Clean Energy States Alliance: Nonprofit coalition of state clean energy funds and agencies; not a competitor but a stakeholder in the same Northeastern community solar and clean energy ecosystem Green Lantern operates in.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/GrnLntrnSolar
• LinkedInlinkedin.com/company/green-lantern-solar
• Facebookfacebook.com/GreenLanternSolar

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 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 Green Lantern Solar