Cultivate Power, a prominent distributed solar and storage project developer, has recently secured a significant corporate equity investment of $10 million from Generate Capital. This strategic partnership marks a significant milestone for the company as it embarks on an exciting growth journey.

Generate Capital, a well-respected investment firm focused on sustainable infrastructure projects, expressed their enthusiasm for the collaboration with Cultivate Power. Peggy Flannery, Managing Director at Generate Capital, commented, “We have worked closely with the founders of Cultivate Power for many years and are thrilled to invest in the company to support its growth. Cultivate Power’s strong project portfolio, experienced leadership team, and focus on distributed clean power projects align perfectly with Generate’s mission to accelerate the infrastructure transition.”

The corporate equity commitment from Generate Capital provides Cultivate Power with the necessary resources to expand its business operations. The investment will primarily be utilized to develop and expand solar and storage projects, attract top talent, and foster local partnerships that contribute to the environment and the communities involved. Furthermore, Cultivate Power aims to establish scholarship and workforce development programs, ensuring lasting benefits for all stakeholders.

Under the guidance of accomplished renewable energy development professionals Brian Matthay and Noah Hyte, Cultivate Power specializes in the development of 10- to 50-acre distributed solar and storage projects in rural communities. The company’s mission is driven by a long-standing commitment to provide clean power solutions that deliver substantial community advantages, such as affordable electricity, augmented tax revenue, job training initiatives, and assorted partnerships designed to support local organizations.

Headquartered in Chicago, Cultivate Power operates with local development teams located throughout the Midwest and California. Their strategic presence ensures an efficient and effective approach to project development in key regions with abundant solar resources.

The investment from Generate Capital signifies a promising future for Cultivate Power, allowing the company to continue its sustainable energy development endeavors with enhanced capabilities. This partnership demonstrates the growing interest and commitment towards transitioning to clean energy solutions, benefiting both the environment and local communities.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.