Elio Energy Group

What Elio Energy Group does

Elio Energy Group LLC is a privately held, independent greenfield developer of utility-scale solar photovoltaic (PV) and battery energy storage system (BESS) projects in the United States, headquartered in Edison, New Jersey. Founded in 2022 as the corporate successor to RRE Power (founded 2010) and Aelius Solar Corp (founded 2018), the company carries a 12+ year combined track record in US large-scale solar development, including the Pflugerville PV project in Texas, which was scaled from 60 MW to 150 MW and sold to Recurrent Energy (subsequently acquired by Duke Energy). Elio develops projects exclusively up to Ready-to-Build (RTB) stage and then divests them to investors, utilities, and operators, with 7 GW of active projects currently under development across 10 states (Alabama, Arizona, Colorado, Georgia, Kansas, New Mexico, Tennessee, Texas, Utah, Wyoming).

The company's technical focus is on utility-scale PV, standalone BESS, and hybrid PV-BESS configurations, with a stated target of 10+ GW of shovel-ready projects delivered at RTB by 2028. Elio operates through a multi-JV capital structure, with platform partners including EE North America (2 GW solar and storage target, Q2 2022), BESS Power Corporation (2.4 GW standalone BESS, Q4 2022), and Redelio Renewables LLC (2+ GW BESS, Q2 2024, backed by a $20M four-year budget from Italian parent Redelfi Spa). Its flagship asset, the 400+ MW Lund Storage Center BESS project, matured toward RTB and entered disposition in Q4 2024.

Elio monetizes through one-time project dispositions and development fees, with no recurring revenue stream, PPA ownership, or operating asset base. Its customer base comprises three segments: investor-owned utilities, municipalities, and cooperatives acquiring RTB projects; landowners providing land via lease (up to 45 years) or purchase options; and capital partners (JV platforms, investors) funding pipeline development. Go-to-market is enterprise field sales through direct relationships and JV partnerships, supported by a small eight-person team and a modest digital presence on LinkedIn and Instagram. The company has not disclosed revenue, institutional equity funding, or ownership concentration in available sources.

Name

Elio Energy Group

Legal name

Elio Energy Group LLC

Website

https://elioenergygroup.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Elio Energy Group is a privately held US greenfield developer of utility-scale solar PV and battery energy storage projects. It develops projects to Ready-to-Build stage across 10 states for divestment to utilities, investors, and JV capital partners.

Ownership category

akta.pro rank

Product category

Utility-Scale Renewable Energy Project Development

NAICS

Solar Electric Power Generation (221114), Other Electric Power Generation (221118)

akta.pro primary industry

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)

akta.pro secondary industry

Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE)

Keywords

• Utility-scale solar development
• Battery energy storage projects
• Greenfield renewable development
• Ready-to-build project pipeline
• PV-BESS hybrid projects

Headquarters

HQ city

Edison

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Project Development and Disposition: Elio develops renewable energy projects from greenfield stage to Ready-to-Build (RTB) status, then divests completed projects to investors and operators. Revenue is generated through project sales and development fees.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Elio Energy Group is an independent greenfield developer of utility-scale solar photovoltaic and battery energy storage system (BESS) projects across the United States. The company develops projects from land origination through Ready-to-Build (RTB) stage and divests them to utilities, municipalities, cooperatives, and investors. With 7+ GW of active development across 10 states, Elio combines solar PV, standalone BESS, and hybrid PV-BESS configurations to deliver de-risked, shovel-ready renewable energy assets.

Product overview

Elio Energy Group operates as a unified project development platform offering two core product lines: utility-scale solar generation projects and battery energy storage system (BESS) projects. The company provides end-to-end development services from greenfield origination through Ready-to-Build (RTB) stage, complemented by land stewardship services that enable landowners to participate in renewable energy development. With 7 GW in active development across 10 states, the portfolio spans PV, BESS, and hybrid technologies.

Differentiator

Problem solved

Functional benefit

Products and services

• Utility-Scale Solar Generation Projects Greenfield development of utility-scale solar photovoltaic projects across the United States, advancing projects up to Ready-to-Build stage with over 7 GW currently under active development across 10 US states.
• Battery Energy Storage System (BESS) Projects Development of utility-scale battery energy storage projects that optimize grid efficiency and enhance energy utilization, with projects ranging from 53 MW to 513 MW capacity, including the flagship Lund Storage Center.
• Land Stewardship Services Partnership programs for landowners to unlock land potential through innovative renewable projects, including flexible land lease or purchase options sustained up to 45 years, and agrivoltaics opportunities combining solar generation with agricultural use.
• Ready-to-Build (RTB) Project Development De-risking services that advance renewable projects from greenfield origination through to Ready-to-Build status, offering comprehensive expertise in development, construction, and ownership transfer to operators and investors.

Quantifiable outcome

• 7 GW of renewable projects can power over 1.2 million single family homes annually when fully operational
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Redelfi SpacoreStrategic or Co-development Partner · 1 July 2024Italian parent company of Redelio Renewables LLC. Redelfi Spa announced the establishment of Redelio Renewables LLC with goal of developing up to 2.4 GW of BESS in the United States.
• Redelio Renewables LLCcoreStrategic or Co-development Partner · 1 April 2024Fourth JV established in Q2 2024 with target portfolio of 2+ GW of Battery Energy Storage Systems in the United States. Parent company Redelfi Spa approved USD 20 million budget for developing the BESS pipeline over four years.
• BESS Power CorporationcoreStrategic or Co-development Partner · 1 October 2022Third JV established in Q4 2022 focusing on a 2.4 GW standalone BESS portfolio. Lund Storage Center becomes a flagship project of this joint venture.
• EE North AmericacoreStrategic or Co-development Partner · 1 April 2022Elio's first JV partnership established in Q2 2022 with target portfolio of 2 GW of solar power generation and energy storage in Arizona and surrounding states. Projects expected to start construction between 2023-2025.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Longroad Energy: Independent utility-scale renewable energy developer with operations across the US spanning solar, wind, and battery storage. Longroad shares Elio's developer-to-disposition business model and pipeline segmentation approach.
• Origis Energy: Independent utility-scale solar and battery storage developer with operations across the US, recently acquired by Igneo Infrastructure Partners. Origis shares Elio's greenfield development and project disposition model and competes directly for both landowner relationships and buyer-offtake allocation.
• Pine Gate Renewables: One of the largest independent utility-scale solar developers in the US with substantial operational and development pipeline, acquired by Clearway Energy in 2024. Pine Gate shares Elio's developer archetype with significant greenfield origination capability and utility-scale project disposition focus.
• Recurrent Energy: Subsidiary of Canadian Solar, Recurrent Energy is a utility-scale solar and storage developer with a similar greenfield-to-RTB disposition model and US geographic footprint (and notably acquired the Pflugerville PV project originated by Elio's predecessor, RRE Power). Most directly comparable to Elio's business model and pipeline positioning.
• D.E. Shaw Renewable Investments (DESRI): Independent utility-scale renewable energy developer with solar and storage projects across the US, operating as a long-term owner-operator rather than a pure developer. DESRI is a comparable in pipeline scale and target customer base (utilities and corporate offtakers).
• Swift Current Energy: Developer focused on utility-scale solar and battery storage projects across the US, with a greenfield-to-RTB model similar to Elio's. Overlapping geographies in the central and southwestern US create direct competition for landowner origination and project offtake.

Broad incumbents

• Invenergy: One of the largest privately-held renewable energy developers in North America, with utility-scale solar, wind, and storage projects and capabilities spanning the full lifecycle from development through ownership and operation. As a broad incumbent, Invenergy competes with Elio across pipeline origination, capital partnerships, and ultimately buyer/offtake relationships.
• NextEra Energy Resources: Subsidiary of NextEra Energy and the largest renewable energy developer in the US, operating utility-scale solar, wind, and storage projects and serving as a benchmark for utility-scale renewable development scale, offtaker relationships, and capital access against which Elio must compete.
• EDF Renewables: North American subsidiary of Électricité de France (EDF) developing utility-scale renewable energy projects including solar and storage across the US. Broad global incumbent competing with Elio for landowner origination, offtake agreements, and infrastructure investor relationships.
• AES Clean Energy: Division of AES Corporation developing utility-scale solar, wind, and storage projects in the US with capabilities across project development, ownership, and operation. As a broad incumbent, AES Clean Energy competes with Elio across the entire value chain and represents a typical disposition buyer profile for utility-scale projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elioenergygroup
• Instagraminstagram.com/elio.energy.group

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Elio Energy Group