K Road Power
747 Third Avenue Suite 3101, New York, NY, 10017, United States
Overview
K Road Power is an independent power producer that develops, owns and operates utility-scale renewable energy projects with a focus on building photovoltaic solar facilities to generate clean and reliable energy. K Road Power’s predecessor company was founded in 2002 as a vehicle to help recapitalize and restructure troubled US power companies following the power market crash of 2001, K Road affiliates oversaw the purchase of nearly 3,000 MW of natural gas and oil fired generating capacity. In 2008 the company turned its sights exclusively to the renewable power sector and power infrastructure related to building a clean, sustainable energy future for the United States. In August of 2011, Barclays Natural Resource Investments ("BNRI"), a division of Barclays Capital, focused on natural resource investment opportunities made a significant investment in K Road. With the support of a strong financial partner, K Road is well positioned to pursue an advanced pipeline of high-viability development projects and acquisitions. Today, the firm has nine fully permitted utility scale power projects in four regions around the United States totaling over 900 MWs, of these 25 MWs are in operation, 320 MWs are entering the construction phase and expected to be completed by the end of 2013 and the balance is completing final stages of development. In addition, the firm has a large number of prospective projects at various stages of development, totaling an additional 2,000 MWs. Headquartered in New York City, K Road has offices in San Francisco and Shanghai. K Road promotes sustainable, renewable energy development and the principles of environmental and social responsibility with a focus on the creation of long-term shareholder value.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Business Development
- Business Information Systems
- Business Intelligence
Investment portfolio
- Green Charge Networks
Participated · Equity · Jul 2014
Green Charge Networks offers the Power Efficiency Agreement, a no-cost, performance-based financing model for behind-the-meter energy storage and software that time-shifts power use and optimizes EV charging, solar and efficiency measures. Its offering includes equipment, construction, operations and maintenance for installations. The company reports more than 31.3 megawatt hours of energy storage projects in operation or under construction across school districts, retail, government and utility customers. School district customers alone expect to save more than $36 million using energy storage without upfront or ongoing payments. Green Charge positions its systems as a way to lower utility bills, support renewable generation and promote grid stability. Founded in 2009 and headquartered in Santa Clara, Calif., with offices in NYC and San Diego, the company is leveraging financing to expand its project portfolio. Green Charge Networks sells modular energy storage devices paired with predictive energy-management software that smooths electricity usage to reduce demand charges for businesses. The systems use thousands of Samsung lithium-ion cells and are rated for indoor and outdoor use; a single module stores 30 kilowatts and typical installations are under half a megawatt. The company has deployed pilot projects with ConEdison and rollouts on grids operated by Pacific Gas & Electric, Southern California Edison, and Silicon Valley Power. Green Charge emphasizes software-driven optimization to shrink required battery size and maximize economic benefit. It raised $56 million in outside financing to scale customer deployments and financing offerings that lower upfront costs for customers.
Team
No current team members are available.