Relevate Power acquires and renovates aging, sub‑20MW run‑of‑river hydropower facilities to restore capacity and provide continuous clean power. The company owns and operates 21 facilities across the Northeast and is on track to triple its footprint by the end of 2024 while investing heavily in the Midwest and augmenting its New England portfolio. Its growth strategy centers on a national operations center to enable 24/7 remote operations, centralized maintenance scheduling, fleet monitoring, and market optimization. Relevate was founded in 2022 through the merger of IPPs Dichotomy Power and Clear Energy with power marketer Standard Power. The business is backed by institutional investors and is pursuing additional capital to expand its project portfolio and operations. The recent financing will support an acquisition and construction of the national operations center to scale operations.

Total raised

$15M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2024