
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.