Primergy
- Company typePrivate
- Founded2020
- HeadquartersOakland, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
Primergy firmographics
Firmographics- Name
- Primergy
- Legal name
- Primergy Solar LLC
- Website
- https://primergypower.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Primergy industry classification
Industry- Product category
- Utility-Scale Solar and Battery Energy Storage Development
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111), Utility System Construction (2371)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
- akta.pro secondary industries
- BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB), BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD)
Keywords
Where Primergy is headquartered
LocationHeadquarters
- HQ city
- Oakland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Primergy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Power Purchase Agreements (PPAs): Primergy generates revenue through long-term power purchase agreements (PPAs) with utilities, corporations, and public agencies. These contracts provide stable, contracted cash flows typically spanning 20-25 years, underpinning project finance structures. Revenue is underpinned by physical energy delivery (solar generation and storage dispatch).
- Project Financing & Tax Credit Monetization: Primergy raises capital through project finance debt (senior secured notes, construction/term debt, letter of credit facilities) and tax equity structures. The company also executes production tax credit (PTC) transfer agreements, generating upfront proceeds that reduce overall project cost and improve returns. Gemini's refinancing included a 10-year PTC transfer deal alongside a 25-year PPA.
- Asset Management & Operations: Primergy provides ongoing operations and asset management services for projects it develops and retains, generating recurring fee income. The company actively manages projects from siting through long-term operations, optimizing performance and ensuring value delivery for communities, investors, and the grid.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Primergy product offering
Product offeringCore offering
Primergy develops, owns, and operates utility-scale solar photovoltaic (PV) and co-located or stand-alone battery energy storage system (BESS) projects across the United States. The company sells the electricity and capacity attributes generated by these projects to creditworthy energy buyers (utilities, corporations, public agencies) under long-term power purchase agreements (PPAs) typically spanning 20–25 years. Primergy manages the full project lifecycle, from site identification and development through construction, financing, and long-term asset management.
Product overview
Primergy is a US solar developer backed by Quinbrook Infrastructure Partners, offering a unified platform of utility-scale solar and energy storage development, construction, and asset management services. The portfolio consists of named projects including Gemini Solar + Storage (the largest co-located single-phase solar and storage project in the US at 690 MWac/380 MWac BESS), Hot Pot & Iron Point (600 MWac combined solar and storage in Nevada), Purple Sage Energy Center (400 MWac/400 MWac), Sleepy Orange (500 MWac/500 MWac), and multiple other projects across the US. The company operates across the project lifecycle—from site identification through development, financing, construction, and long-term operations—offering development services, project financing, construction management, and ongoing asset management as integrated components of its service offering. Portfolio totals include 10,800 MW solar and 52,600 MWh BESS in development/construction, with 1,200 MW solar and 1,520 MWh BESS currently operational, representing over $5 billion in invested projects.
Differentiator
Problem solved
Functional benefit
Products and services
- Gemini Solar + Storage Largest co-located single-phase solar and battery storage project operating in the United States, located in Clark County, Nevada. Features 690 MWac of solar PV paired with 380 MWac/1,400 MWh of battery storage, operational since 2024. Refinanced in March 2026 via $600 million senior secured notes private placement plus $160 million letter of credit facility, supported by a 25-year PPA and a 10-year production tax credit transfer deal.
- Hot Pot & Iron Point Two adjacent utility-scale solar and storage projects in Humboldt County, Nevada. Hot Pot provides 350 MWac solar with 350 MW BESS, while Iron Point provides 250 MWac solar with 250 MW BESS.
- Purple Sage Energy Center Utility-scale solar plus storage project in Clark County, Nevada with 400 MWac solar capacity and 400 MWac BESS capacity.
- Sleepy Orange Large solar plus storage project in Lyon County, Nevada with 500 MWac solar capacity and 500 MWac BESS capacity.
- Blue Skies BESS Stand-alone battery energy storage system project in Hill County, Texas with 300 MWac capacity, designed to enhance grid reliability.
- Ash Creek Solar Utility-scale solar project in Hill County, Texas with 408 MWac capacity.
- Amazon Solar Farm Arkansas - Prairie Mist 100 MWac solar project in Ashley County, Arkansas developed for Amazon. Fully operational since December 2024, delivering solar energy under a power purchase agreement with Amazon, with capacity attributes sold to the City of North Little Rock under a 20-year contract.
- Castor Storage Stand-alone battery energy storage system in Clark County, Nevada with 310 MWac capacity, providing grid reliability and ancillary services.
- Misty Pines Solar plus storage project in Ashley County, Arkansas with 134 MWac solar and 134 MWac BESS capacity.
- Northern Crescent Solar Solar plus storage project in Faribault County, Minnesota with 150 MWac solar and 50 MWac BESS capacity.
- Hesperus Solar Solar plus storage project in La Plata County, Colorado with 155 MWac solar and 155 MWac BESS capacity.
- Prairie Mist BESS Battery energy storage expansion at the Prairie Mist site in Ashley County, Arkansas with 100 MWac capacity on a 700-acre property featuring over 250,000 photovoltaic panels.
- Small Scale Portfolio Collection of smaller utility-scale and community solar installations including California Solar Portfolio (18.6 MWac across 5 projects), Illinois Solar Portfolio (13 MWac across 35 projects), Rio Grande Electric Cooperative Portfolio (11 MWac across 5 projects), and Pitkin Solar (5 MWac, operational since 2021, delivering 5 MWac to Holy Cross Energy).
- Operations & Asset Management Services Ongoing operations and asset management services for projects Primergy develops and retains, including active management, performance monitoring, maintenance, and long-term asset optimization to ensure continued value for communities, investors, and the grid.
Quantifiable outcome
- 690 MWac Gemini Solar + 380 MWac BESS operational — the largest co-located single-phase solar and battery storage project in the US
- +3 more outcomes
Companies that use Primergy
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Primergy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Primergy partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core, major and minor.
- AmazoncoreAmazon signed a power purchase agreement with Primergy for 600 MW of solar plus 600 MW of battery storage to power future Amazon data center operations in the Reno, Nevada area. Amazon also has the Prairie Mist solar project (100 MWac) under a PPA. This partnership represents a flagship project for Primergy in serving hyperscale data center power demand.
- Holy Cross EnergymajorHoly Cross Energy, an electric cooperative serving nearly 45,000 members in Western Colorado, offtakes power from Primergy's Pitkin Solar project (5 MWac) under a long-term PPA. This partnership supports clean energy delivery to rural Colorado communities.
- Primoris Renewable EnergymajorPrimoris Renewable Energy served as the engineering, procurement, and construction (EPC) partner for the Prairie Mist solar project. As a premier utility-scale solar contractor, Primoris executed construction of the 100 MWac project in Ashley County, Arkansas.
- EntergymajorEntergy's transmission system in the MISO operating footprint serves as the grid connection point for the Prairie Mist solar project. This interconnection enables delivery of renewable energy to the grid under MISO market rules.
- Aspen Sanitation DistrictminorThe Aspen Sanitation District owns the 35-acre land site hosting the Pitkin Solar project. Primergy leases this land for the solar installation, demonstrating Primergy's model of partnering with public landowners to develop projects on existing utility-owned or public land.
Scale indicators6 records
Recent moves5 records
Expansion highlights6 records
Primergy competitors and assessment
Company assessmentBroad incumbents
- AEP Renewables: Renewables arm of American Electric Power, developing and operating utility-scale solar, wind, and storage. Comparable to Primergy as an IPP but with utility parent balance sheet and broader generation mix.
- NextEra Energy Resources: Largest US renewable energy developer and operator (subsidiary of NextEra Energy). Competes with Primergy on utility-scale solar+storage development but operates across a much broader portfolio including wind, transmission, and gas.
- EDF Renewables North America: Subsidiary of EDF Renewables developing and operating wind, solar, and storage in the US. Overlaps with Primergy in utility-scale solar+storage development but operates across a broader technology portfolio.
- ENGIE North America: US arm of global utility ENGIE developing and operating utility-scale renewables and storage. Overlaps with Primergy in solar/storage IPP activity and hyperscaler PPA origination but with broader geographic and technology reach.
Direct peers
- Clearway Energy Group: Owns and operates utility-scale wind, solar, and energy storage assets in the US, with a focus on long-term contracted cash flows. Highly comparable to Primergy in asset class, contracting structure, and IPP/owner-operator model.
- Recurrent Energy: Developer of utility-scale solar and storage projects in North America, owned by Canadian Solar. Directly comparable to Primergy in project development, co-located storage strategy, and PPA-driven revenue model.
- Avantus (formerly 8minute Solar Energy): US developer of utility-scale solar and storage projects with multi-GW pipeline. Direct comparable to Primergy in development-led IPP model and PPA offtake approach, particularly in the western US.
- Leeward Renewable Energy: US-focused developer and operator of utility-scale wind, solar, and battery storage assets with multi-GW pipeline. Private-equity backed (OMERS), comparable to Primergy in scale, asset mix, and IPP strategy.
- Invenergy: Chicago-based developer, owner, and operator of utility-scale renewable energy and storage projects across North America. Direct comparable to Primergy in business model, scale, and PPA-based offtake approach.
Regional players
- Arevia Power: Private US renewables developer focused primarily on the Western US, including utility-scale solar and storage projects. Comparable to Primergy in technology focus and project scale, though with a more regionally concentrated portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Primergy social profiles
Digital presencePrimergy compliance and trust
Trust signalCompliance2 records
Primergy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Primergy leadership team
Management profileNumber of profiles
Profiles8 records
Primergy funding detail
Funding detailFunding overview
Funding rounds6 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Primergy 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 Primergy
What does Primergy do?
Primergy develops, owns, and operates utility-scale solar photovoltaic (PV) and co-located or stand-alone battery energy storage system (BESS) projects across the United States. The company sells the electricity and capacity attributes generated by these projects to creditworthy energy buyers (utilities, corporations, public agencies) under long-term power purchase agreements (PPAs) typically spanning 20–25 years. Primergy manages the full project lifecycle, from site identification and development through construction, financing, and long-term asset management.
Is Primergy a public or private company?
Primergy is a private company. It is classified as private equity controlled and is currently operating.
When was Primergy founded?
Primergy was founded in 2020. It employs 101 to 250 people.
Where is Primergy based?
Primergy is headquartered in Oakland, United States, in the North America region.
How does Primergy make money?
Three revenue lines are on record. Power Purchase Agreements (PPAs) is the primary driver. The others are project Financing & Tax Credit Monetization and asset Management & Operations.
Who are Primergy's main competitors?
Broad incumbents on record are AEP Renewables, NextEra Energy Resources, EDF Renewables North America and ENGIE North America. Direct peers are Clearway Energy Group, Recurrent Energy, Avantus (formerly 8minute Solar Energy), Leeward Renewable Energy and Invenergy. Arevia Power is listed as a regional player.
Does Primergy have an API?
No public API is recorded for Primergy.
What industry is Primergy in?
Primergy's product category is Utility-Scale Solar and Battery Energy Storage Development. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of EUAFAAAG, BESS Operations, Maintenance & Asset Performance Management (APM). Its NAICS code is 221114 and its SIC code is 4991.