Pathway Power develops utility-scale hybrid solar and battery energy-storage system (BESS) projects purpose-built for large load customers, utilities, and grid operators. Founded in 2022 and headquartered in San Diego, the company's pipeline comprises 13 hybrid and BESS projects totaling approximately 3.2 GWac across the U.S. Its management team has completed over 70 mergers and acquisitions and developed 40 GW of projects over the prior two decades. The company recently secured a $150 million senior-secured financing facility from funds managed by AB CarVal and closed a concurrent separate equity investment to advance late-stage development and construction needs. Use of proceeds includes interconnection, PPAs, equipment deposits, and pre-construction and construction equity costs. Pathway is targeting projects in RTOs including SPP and MISO to serve load growth from data centers and reshoring.

Total raised

$211M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Jun 2026