sPower Growth, Revenue, Number of Employees and Funding

Website:

sPower.com

Location:

Salt Lake City, UT USA

Revenue:

$30.2M

Total Funding:

$1.3B

Industry:

Environmental

Founded:

2012

Lead Investor(s):

KeyBanc Capital Markets Inc
Press

Industry Ranking

State Ranking

Growjo 10k Ranking

sPower Financials:

sPower's revenue is currently $30.2M per year.

sPower received $498.7M in venture funding in September 2018.

sPower, an AES and AIMCo company, is the largest private owner of operating solar assets in the United States. sPower owns and operates a portfolio of solar and wind assets greater than 1.3 GW and has a development pipeline of more than 10 GW. sPower is owned by a joint venture partnership between The AES Corporation (NYSE: AES), a worldwide energy company headquartered in Arlington, Virginia, and the Alberta Investment Management Corporation, one of Canada's largest and most diversified institutional investment fund managers. sPower has deployed $2+ billion of capital for solar PV and wind facilities. As the ultimate owner/operator of our projects, we place great emphasis on industry-leading development strategies, quality construction and best-in-class asset management. And our technology-neutral, vertically-integrated platform provides the ability to develop projects at the lowest cost; to fund projects from development through operations; and to access a mature, highly viable pipeline. Established in 2012, sPower is led by a seasoned management team with a 20-year proven track record of working together to successfully manage multifaceted public and private organizations in the energy sector. The same team founded EnergySolutions (NYSE:ES) and ISG Resources (sold to Headwaters; NYSE:HW). sPower has built a compact, cohesive team of exceptionally talented, passionate and dedicated individuals with deep functional expertise across all phases of the development chain -- from land purchases to project acquisitions, permitting, regulatory, transmission and interconnection, marketing, finance and operations. sPower is committed to providing economically and environmentally responsible power that moves the energy industry and our company forward. We are the renewable energy company that delivers on what we promise -- we do what we say we'll do.

keywords:N/A

168

Number of Employees

$30.2M

Revenue (est)

N/A

Current Jobs

30%

Employee Growth %

$1.3B

Total Funding

N/A

Valuation

N/A

Accelerator

N/A

Type

sPower News

20-Mar-19 - EDITORIAL: Solar project is too big for Spotsylvania

Utah-based Sustainable Power Group (sPower) wants to turn 10 square miles of agriculturally-zoned land that was previously a tree farm into a

13-Mar-19 - Judge: Landowners don't have to let Seneca wind farm company on

TIFFIN — Thirty area landowners won't have to let sPower on their property to do the work the Utah-based developer argued was necessary to

26-Feb-19 - Solar power debate pits Spotsylvania County neighbors against Utah

A Utah-based company, Sustainable Power Group Inc., known as sPower, is asking the county board of supervisors to approve plans Tuesday

sPower Funding

DateAmountRoundLead InvestorsReference
2015-04-23$168.0MUndisclosedKeyBank National AssociationArticle
2016-10-07$786.0MUndisclosedMultipleArticle
2016-11-16$434.0MUndisclosedKeyBanc Capital Markets IncArticle
2018-02-09$421.4MUndisclosedArticle
2018-09-24$498.7MUndisclosedArticle

sPower Executive Hires

DateNameTitleReference
2014-09-30J.I. EverestPresidentArticle
2015-08-25David ShipleyCFOArticle

sPower Acquisitions

DateCompany NameAmountNotesReference
2013-07-09Tioga EnergyArticle