Sequoia Solar

What Sequoia Solar does

Sequoia Solar is a privately held utility-scale solar energy developer headquartered in Walnut Creek, California, with a primary operational footprint in Callahan County, Texas. The company is developing a $1.1 billion, 815 MW solar photovoltaic project in two phases: Phase 1 (400 MW) was activated in mid-2026 and is commercially operational, while Phase 2 (415 MW) is scheduled to come online before year-end 2026. The company's core technology is utility-scale solar PV generation, with stated capability around battery energy storage integration through the broader Sequoia group of services.

Sequoia Solar generates revenue by selling electricity generated at the Callahan County facility under long-term power purchase agreements (PPAs) to large corporate energy buyers. Its disclosed offtake base comprises four blue-chip enterprises across distinct industries: AT&T (telecommunications), Toyota (automotive), PepsiCo (food and beverage), and Donaldson Company (industrial manufacturing). Pricing is not publicly disclosed and is negotiated bilaterally under multi-year contracts, producing recurring, contracted revenue once projects reach commercial operation.

The company operates with a small team of 11-50 employees and is privately held, with no parent company or public listing disclosed. Project development is funded through what appears to be project financing or corporate capital totaling $1.1 billion. The customer base, while diversified across industries, consists of only four named offtakers, and all revenue is currently tied to a single geographic site, which creates concentration risk that future phases or additional projects would partially mitigate.

Name

Sequoia Solar

Legal name

Sequoia Solar

Website

https://sequoiasolar.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Sequoia Solar is a privately held utility-scale solar developer operating an 815 MW photovoltaic project in Callahan County, Texas. It generates revenue by selling electricity under long-term power purchase agreements to enterprise customers including AT&T, Toyota, PepsiCo, and Donaldson Company.

Ownership category

akta.pro rank

Product category

Utility-Scale Solar Power Generation

NAICS

Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

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

akta.pro secondary industries

PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations) (EUACAGAC), Renewable Grid Interconnection & Collector Systems (Solar/Wind) (IMAFAHAD), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK), Owner’s Engineering, Grid Interconnection & System Studies (PVsyst/Performance Modeling, Protection Studies) (EUACAGAG)

Keywords

• Utility scale solar
• Renewable energy generation
• Power purchase agreements
• Battery energy storage
• Corporate energy procurement

Headquarters

HQ city

Walnut Creek

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Long-term Power Purchase Agreements: Sequoia Solar generates revenue by selling electricity from its solar farms under long-term purchase agreements to corporate customers. These PPAs provide stable, recurring revenue over multi-year contract terms.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Sequoia Solar develops, owns, and operates utility-scale solar photovoltaic generation facilities and sells the electricity produced under long-term Power Purchase Agreements (PPAs) to large enterprise customers. Its flagship project is the $1.1 billion Callahan County, Texas solar farm with 815 megawatts of total planned capacity (Phase 1: 400 MW operational; Phase 2: 415 MW due online before year-end 2026), supplying renewable power to corporate offtakers including AT&T, Toyota, PepsiCo, and Donaldson Company. A related entity provides engineering, design, instrumentation, controls, automation, and substation design services for solar PV, BESS, geothermal, and power infrastructure clients.

Product overview

Sequoia Solar operates utility-scale solar energy projects. The company's primary offering is its Texas solar farm in Callahan County, a large-scale photovoltaic installation with 815 megawatts of planned total capacity (Phase 1: 400 MW operational; Phase 2: 415 MW pending). Power generated is sold to commercial and industrial customers under long-term purchase agreements.

Differentiator

Problem solved

Functional benefit

Products and services

• Sequoia Solar Texas Solar Farm A utility-scale solar photovoltaic (PV) farm located in Callahan County, Texas, with 815 MW of total planned capacity (Phase 1: 400 MW operational; Phase 2: 415 MW under construction for completion before year-end 2026). Generates and supplies renewable electricity to large enterprise corporate customers under long-term Power Purchase Agreements (PPAs) to support their sustainability and carbon reduction goals.
• Solar PV & BESS Engineering and Design Services Multi-discipline engineering, design, and consulting services for Solar Photovoltaic (PV) and Battery Energy Storage Systems (BESS), as well as EV Fleet Charging Depots. Services optimize energy production, ensure reliable storage, and maximize cost-effectiveness and resilience to help clients achieve sustainability goals.
• Engineering & Design Services Full-service electrical and mechanical engineering and design services including planning and scoping studies, detail design, construction and commissioning support, and power and industrial systems controls. Provided by licensed engineers across all major disciplines for industrial, oil and gas, utility, independent power producers, renewable energy, and institutional sector clients.
• Substation Design & Power Delivery Design studies, substation design, and development of solutions for practical and complex substation issues, supporting transmission and distribution infrastructure.
• Instrumentation, Controls & Electrical Engineering Engineering and design of instrumentation and control systems for power and industrial automation projects, with over 30 years of experience providing concept-through-commissioning support for automation and control needs.
• Automation Services Automation services for power and industrial systems, integrated with broader engineering, design, and controls offerings to deliver turnkey project execution.
• Project Management & Project Engineering Project management and project engineering services treating project management as a critical process to achieve competitive advantages through effective utilization of modern planning and control techniques.

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• First Solar: Vertically integrated thin-film PV manufacturer and utility-scale project developer. Comparable in that it both supplies and develops utility-scale solar assets under long-term offtake agreements, though at a much larger scale than Sequoia.
• NextEra Energy Resources: Largest US renewable energy developer and operator with a multi-GW utility-scale solar pipeline. Competes for the same corporate PPA customers and serves as the dominant price-setter in the utility-scale solar offtake market.
• Lightsource BP: Global utility-scale solar developer and operator owned by BP, with significant US utility-scale solar development. Larger and more diversified than Sequoia but operates in the same utility-scale solar PPA market with similar corporate offtake customers.
• EDF Renewables: Subsidiary of EDF developing utility-scale wind, solar, and storage projects across North America under corporate and utility PPAs - a broader incumbent competing for the same Texas-scale renewable offtake opportunities.
• AES Clean Energy: US utility-scale solar, wind, and storage developer within AES Corporation, with a sizable pipeline of corporate and utility PPAs - a broader incumbent in the same Texas and US utility-scale solar market.

Others

• Black & Veatch: Global engineering, procurement, and construction firm with significant solar PV, BESS, and substation design practices. Comparable to Sequoia's engineering services stack across PV, storage, and power delivery infrastructure.
• Burns & McDonnell: Engineering firm with deep power delivery, substation, and renewable generation design practices serving utility and IPP clients. Overlaps with Sequoia's PV, BESS, and substation engineering capabilities.
• Mortenson Construction: Major EPC contractor for utility-scale solar, wind, and storage projects in the US. Adjacent to Sequoia's business given Sequoia's $1.1B, 815 MW Texas solar farm likely requires large-scale EPC execution.

Direct peers

• Avantus: Independent power producer focused on developing, owning, and operating utility-scale solar and storage projects in the US Southwest - directly comparable to Sequoia in scale, technology (PV + storage), and PPA-driven revenue model.
• 8minute Solar Energy: Utility-scale solar developer that builds, owns, and operates large PV projects under corporate and utility PPAs - the closest comparable to Sequoia's model of developing utility-scale solar assets and selling output under long-term corporate offtake agreements.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sequoia-engineering-and-design-associates

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 Sequoia Solar