Tech Company Financing Transactions
Altus Power Funding Round
Blackstone Group participated in a funding round for Altus Power. The round closed on 2/16/2023.
Transaction Overview
Company Name
Announced On
2/16/2023
Transaction Type
Amount
Unknown
Round
Undisclosed
Investors
Blackstone Group (Lead Investor)
Proceeds Purpose
This portfolio of long-term contracted assets provides a tremendous opportunity for Blackstone to create high quality long-duration investments with attractive risk-adjusted returns for our growing insurance franchise.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
2200 Atlantic Street Floor 6
Stamford, CT 06902
USA
Stamford, CT 06902
USA
Phone
Website
Email Address
Overview
At Altus Power, customer savings are our top priority. We are a full-service solar company offering unique commercial, industrial, and community solar customer-focused solutions from coast to coast. Our services range from on-site solar generation for Commercial, Industrial, and Public Customers to Community Solar, energy storage, and Electric Vehicle charging, all of which are tailored to each client's needs and energy usage profile. For commercial efforts, our internal structure ensures that the customer onboarding and project development processes are brought along simultaneously. This multi-prong approach enables our projects to move efficiently through permitting, construction, and commissioning, and work towards becoming operational for our customers. For Community Solar, our focus is on building sustainable, renewable energy options and providing access to clean energy for all communities.
Management Team
Title
Name
Email & Social
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