Catalyst Energy Partners

What Catalyst Energy Partners does

Catalyst Energy Partners is a privately held renewable energy development company headquartered in Dallas, Texas, that acquires, invests in, and develops North American thermal electric powerplants and associated transmission infrastructure by adding utility-scale solar generation and energy storage. Founded in 2020, the company targets electric utilities and grid operators in the PJM and ISO-NE power markets who require firm renewable capacity to meet growing demand and clean energy mandates, with a co-location strategy that leverages existing points of interconnection in agricultural and rural communities.

The company has built a development pipeline of approximately 1 GW across six named projects — PJM Solar I (120 MW, Virginia, COD 2028), PJM Solar II (150 MW), PJM Solar III (50 MW, Illinois, COD 2029), PJM Solar IV, PJM Solar V (100 MW, Maryland), and ISO-NE Solar I (Maine). Its core technical proposition is integrating solar and storage with existing thermal electric and transmission assets to accelerate delivery timelines relative to greenfield development. The team is led by CEO Matt Cheney (6+ GW syndicated globally across prior renewable companies) and President Steve Malnight (former PG&E SVP and Duquesne Light CEO), supported by finance and development staff drawn from Prudential Private Capital, EnCap Energy Transition, and other renewable developers.

Catalyst operates as a B2B project developer with project-specific quotation-based pricing rather than disclosed list pricing. Revenue is generated through developer fees, tax-equity structuring, and project-level economics rather than subscription or product sales. The company is privately held and backed by an undisclosed group of strategic and financial investors, with JERA NEX (a major global power generation company) listed as a strategic partner. Marketing and distribution occur through direct engagement with utilities, off-takers, and capital partners rather than through traditional channels.

Name

Catalyst Energy Partners

Legal name

Catalyst Energy Partners

Website

https://catalystenergypartners.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Catalyst Energy Partners is a Dallas-based private renewable energy developer that acquires and converts North American thermal electric powerplants by adding utility-scale solar generation and storage, with approximately 1 GW in active development across PJM and ISO-NE for utility and grid-operator off-takers.

Ownership category

akta.pro rank

Product category

Renewable Energy Development

NAICS

Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Development-Stage M&A & Portfolio Acquisition (Early-Stage/Ready-to-Build) (EUAMAAAF)

akta.pro secondary industries

Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Energy & Power Infrastructure Funds (Generation, Transmission, Storage) (FSANAEAB)

Keywords

• Utility-scale solar development
• Renewable energy projects
• Energy storage integration
• Solar project development
• Clean power generation

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Core offering

Catalyst Energy Partners acquires, invests in, and develops North American power assets by adding utility-scale solar generation and integrated energy storage capacity. The company has approximately 1 GW of projects under active development, including the PJM Solar I-V and ISO-NE Solar I project portfolios, with a strategy of co-locating renewable generation and storage on existing transmission infrastructure.

Product overview

Catalyst Energy Partners operates as a renewable energy development company focused on acquiring, investing in, and developing North American thermal electric powerplants and associated transmission infrastructure. The company adds renewable energy generation and energy storage to existing infrastructure to meet growing market demand for firm renewable power. The product portfolio consists of utility-scale solar development projects across multiple U.S. power markets, including six named projects (PJM Solar I through V and ISO-NE Solar I) totaling approximately 1 GW under active development, spanning Virginia, Illinois, Maryland, and Maine.

Differentiator

Problem solved

Functional benefit

Products and services

• PJM Solar I-V A portfolio of utility-scale solar generation projects under active development by Catalyst Energy Partners in the PJM power market, intended for sale or contracted offtake to utilities and corporate power buyers.
• ISO-NE Solar I A portfolio of utility-scale solar generation projects under active development by Catalyst Energy Partners in the ISO-NE power market, intended for sale or contracted offtake to utilities and corporate power buyers in New England.
• Co-located energy storage projects Utility-scale energy storage assets co-located with Catalyst's solar generation projects to provide capacity, reliability, and grid services in PJM and ISO-NE markets.

Quantifiable outcome

• ~1 GW under active development across PJM and ISO-NE markets
• +1 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• JERA NEXcoreStrategic or Co-development PartnerJERA NEX is listed as a partner in the navigation menu on the Catalyst Energy Partners website. JERA NEX represents a strategic partnership in the renewable energy sector, with JERA being one of the world's largest power generation companies. The partnership aligns with Catalyst's focus on accelerating utility-scale renewable energy development.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Hecate Energy: Developer of utility-scale solar and storage projects across multiple U.S. ISOs, including significant PJM exposure. Directly comparable as a mid-sized utility-scale solar/storage developer pursuing similar offtake and tax-equity structures.
• Lightsource bp: Global utility-scale solar developer and IPP with significant North American operations, developing solar and storage projects for utilities and corporate offtakers. Closely comparable in business model (greenfield solar + storage development with corporate sponsorship) to Catalyst's utility-scale development focus.
• Avantus (formerly 174 Power Global): Pure-play utility-scale solar and battery storage developer with a multi-GW pipeline concentrated in U.S. competitive markets including PJM. Directly comparable as a focused utility-scale solar+storage developer pursuing similar PPA and tax-equity pathways.
• Clearway Energy Group: Owns and operates one of the largest renewable energy portfolios in the U.S., with significant utility-scale solar and storage assets concentrated in PJM, CAISO, and other competitive markets. Highly comparable as a publicly traded utility-scale solar+storage developer/IPP competing in the same geographies and offtake markets.
• EDF Renewables North America: Major utility-scale renewable energy developer in North America with solar, wind, and storage projects across multiple ISOs, including PJM. Comparable as a utility-scale renewable developer/IPP with corporate strategic backing (EDF) similar to Catalyst's JERA NEX partnership.
• Invenergy: One of the largest privately held renewable energy developers and IPPs in North America, with utility-scale solar, wind, and storage pipelines across PJM, ISO-NE, and other U.S. markets. Directly comparable to Catalyst as a utility-scale renewable developer competing for similar interconnection capacity, PPAs, and tax-equity allocation.
• Pine Gate Renewables: Developer of utility-scale solar and storage projects across the U.S., with a strong focus on community- and utility-scale projects in markets including PJM. Comparable as a utility-scale solar developer pursuing similar offtake and community co-location strategies.

Broad incumbents

• NextEra Energy Resources: The largest renewable energy developer in North America and a subsidiary of NextEra Energy, with a multi-tens-of-GW utility-scale solar, wind, and storage pipeline across all major U.S. ISOs. Comparable as the dominant utility-scale renewable developer/IPP whose scale and balance sheet set the competitive bar for developers like Catalyst.
• AES Corporation: Global Fortune 500 power company and major U.S. utility-scale renewable developer through AES Clean Energy, with multi-GW solar and storage pipelines including significant PJM presence. Comparable as a large, well-capitalized incumbent utility-scale solar/storage developer operating in the same markets.
• ENGIE North America: U.S. arm of global utility ENGIE, developing and operating utility-scale solar, wind, and storage projects across multiple U.S. ISOs. Comparable as a broad incumbent with deep balance sheet pursuing utility-scale renewable development and storage integration in similar markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Catalyst Energy Partners