sPower Growth, Revenue, Number of Employees and Funding

Overview

Location:
Total Funding:$1.3B
Industry:Environmental
Founded:2012
Lead Investor(s):KeyBanc Capital Markets Inc
Press

City Ranking

Industry Ranking

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Growjo 10k Ranking

Estimated Revenue & Financials

  • sPower's estimated revenue is currently $30.2M per year.
  • sPower received $498.7M in venture funding in September 2018.
  • sPower's estimated revenue per employee is $154286
  • sPower's total funding is $1.3B.

Employee Data

  • sPower has 196 Employees.
  • sPower grew their employee count by 32% last year.
  • sPower currently has 4 job openings.

What Is sPower?

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

196

Number of Employees

$30.2M

Revenue (est)

4

Current Jobs

32%

Employee Growth %

$1.3B

Total Funding

N/A

Valuation

N/A

Accelerator

N/A

Type

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sPower News

17-Aug-19 - sPower begins to deliver on $25 million promise

The fund will hopefully also deliver some goodwill towards sPower, whose massive solar project in the county has encountered intense ...

31-Aug-19 - LETTER: What happened to sPower's 'good neighbor' policy?

So much for sPower's good neighbor policy. When I found out that the main road for the solar farm was coming within 180 feet of my home, ...

12-Sep-19 - Solar firm gets approval for new plant | News | avpress.com

QUARTZ HILL — Solar energy company sPower won approval Wednesday to build a 30-megawatt solar facility on 155 acres east of 110th ...

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