Led · Debt Financing · Sep 2025

Soluna is a digital infrastructure company that co-locates modular data centers next to renewable power plants, converting otherwise-curtailed wind and solar energy into high-performance computing capacity. Its facilities support energy-intensive applications such as Bitcoin mining and, increasingly, artificial-intelligence workloads. The firm claims an active and advanced development pipeline exceeding 1 gigawatt of renewable-powered capacity, recently adding 150 MW to Project Gladys and 100 MW to Project Fei. Ongoing expansions include a 48 MW build-out of Project Dorothy 2 and the newly launched Project Kati 1. Soluna partners with hyperscale miners and infrastructure providers—including Blockware, Compass Mining, and Galaxy Digital—to fill its sites. Earlier in 2025 the company raised more than $30 million from Galaxy Digital, Spring Lane Capital, and a public equity offering, bolstering its balance sheet for growth. Management is now broadening the product mix to serve AI compute customers, positioning the business at the intersection of clean energy and high-demand computing.

Led · Equity · Jul 2024

GrowUp is a purpose-led, certified B Corp vertical farming company that grows ready-to-eat salad leaves year-round using controlled-environment systems. The company operates a large Kent vertical farm powered by 100% renewable energy from a co-located bioenergy plant and conducts R&D at its Leaf Lab in Cambridge. GrowUp supplies branded bagged salads to major UK retailers including Tesco, Iceland and SPAR and sells under its Unbeleafable and Fresh Leaf Co. brands. The Kent site began as a five-acre brownfield conversion and, once fully operational, will produce 1.4 million bags of salad per week, growing 365 days a year. GrowUp has attracted over £100 million of investment to date and reports nearly 800% year-over-year sales growth, reflecting rapid commercial traction. Founded in 2013 by Kate Hofman and Tom Webster, the business emphasizes pesticide-free production, cost-competitiveness, and scaling sustainable domestic salad supply across the UK.

Participated · Equity · Apr 2024

Pine Gate Renewables develops, owns and operates utility-scale solar and energy storage projects across the United States. The company was founded in 2016 and is headquartered in Asheville, N.C. Pine Gate has closed more than $7 billion in project financing and capital investment and its operational fleet includes over 100 solar facilities accounting for more than two gigawatts of installed capacity. It currently has over 30 gigawatts of projects in development. The company says the new investment will accelerate its work as a national developer, owner and operator of clean energy projects and position it as a national market leader. Pine Gate plans to support financing of an incremental three gigawatts of clean energy infrastructure by 2025. Pine Gate Renewables focuses on project development and strategic financing of utility-scale solar and battery storage throughout the United States. The company develops, owns and operates renewable energy-generating projects and aims to expand its national presence. Headquartered in Asheville, North Carolina, Pine Gate owns and operates over 1 gigawatt of renewable energy projects and has more than 20 gigawatts in active development. The company has raised over $1 billion in corporate and project capital financing in the past six months. Pine Gate plans to use new capital to fund construction and development of renewable energy projects and support general working capital needs. The Generate partnership is positioned to accelerate Pine Gate’s growth and market expansion.

Participated · Equity · Apr 2024

Nexamp develops and operates community solar and battery storage projects, owning a portfolio of 20 operating community solar sites across New York, Illinois, Maine, and Massachusetts. The company has been financing growth through structured debt facilities, most recently a $106 million five‑year financing and a $200 million credit facility in April 2026, and previously a $330 million round involving MUFG and Siemens Financial Services. Nexamp uses cash flows from operating assets to recycle capital into new project development and to expand its customer base. Its stated plan after the latest financing is to reinvest freed‑up capital into additional community solar projects. The company emphasizes providing cost savings to households, small businesses, and municipalities as it scales its community solar footprint.

Led · Equity · Oct 2023

Cultivate Power develops distributed solar and storage projects, targeting 10–50-acre sites on farmland and infill. The company is led by Brian Matthay and Noah Hyte and has local development teams throughout the Midwest and California. It operates from Chicago, IL and San Francisco, CA. Cultivate Power plans to use new funding to expand project development and recruit talent. The firm also intends to support local partnerships that benefit the environment and communities, including scholarship and workforce development programs. The company recently received a $10M investment from Generate Capital.