Led · Equity · May 2023

Accelergen Energy is a greenfield developer of utility-scale battery energy storage systems (BESS) and hybrid solar-plus-storage projects. The company uses in-house grid and commercial analytics to identify and develop projects at robust nodes on the power grid. Its development portfolio comprises over 2.6 GW of BESS and hybrid solar storage across 13 projects in six states within the WECC and SPP territories. Accelergen focuses on areas with strong energy and capacity needs, rising price volatility, and forecasted demand growth for dispatchable capacity. The firm positions projects to benefit from regional drivers such as high wind penetration, coal retirements, and additional solar capacity. Founded in 2020 and headquartered in Austin, Texas, Accelergen is advancing projects toward financial close and relies on external capital to cover growing interconnection costs. Accelergen Energy is a greenfield renewable energy developer focused on utility-scale solar, solar-plus-storage and standalone storage projects. Headquartered in Austin, Texas and founded in late 2020, the company emerged from stealth with a management and technical team that the article says brings decades of renewable experience. Accelergen uses analytics-driven project siting and plans to build in-house grid and market analytics capabilities as a strategic advantage. The company intends to deploy its $30 million growth capital to develop a multi-gigawatt pipeline of solar and storage projects and to hire development, engineering and finance staff. Leadership includes co-founders Thomas Houle and Josh Skogen, both described as industry veterans with prior exits and senior roles at established firms. Accelergen’s stated goal is to accelerate the transition to zero-carbon power generation by delivering premium projects in sustainably robust grid locations to long-term investors or owners.