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Alternative Assets  + Real Assets  + VC  | 
Renewable Energy Startup Accelergen Exits Stealth with $30M

Renewable Energy Startup Accelergen Exits Stealth with $30M

Greenfield energy developer Accelergen Energy has raised $30 million from Newlight Partners-backed Leyline Renewable Capital to develop solar and storage projects.

Headquartered in Austin, Texas, Accelergen’s business includes site identification, land acquisition, and designing and building, among others. According to the company’s website, it has integrated more than 3GW of projects that are operating on the US’ grid today.

“Our ultimate goal is to help accelerate the energy transition to zero carbon power generation, by bringing premium projects located in sustainably robust grid locations to long-term investors and/or owners of operating projects,” said Accelergen co-founde and CEO Thomas Houle.

In addition to the latest funding, Leyline Renewable Capital entered a partnership with Solterra Energy in June, under which Leyline provided $10 million to support up to 1GW of distributed generation and utility-scale solar projects across the eastern US.

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AccelergenLeyline Renewable Capital

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.