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
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.
Profile
Altus Power LinkedIn Company Profile
Social Media
Altus Power Company Twitter Account
Company News
Altus Power News
Facebook
Altus Power on Facebook
YouTube
Altus Power on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Lars Norell
  Lars Norell LinkedIn Profile  Lars Norell Twitter Account  Lars Norell News  Lars Norell on Facebook
Chief Financial Officer
Dustin Weber
  Dustin Weber LinkedIn Profile  Dustin Weber Twitter Account  Dustin Weber News  Dustin Weber on Facebook
Co-Founder
Gregg Felton
  Gregg Felton LinkedIn Profile  Gregg Felton Twitter Account  Gregg Felton News  Gregg Felton on Facebook
Co-Founder
Tony Savino
  Tony Savino LinkedIn Profile  Tony Savino Twitter Account  Tony Savino News  Tony Savino on Facebook


 

 

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Prev: 2/16/2023: Previa Medical venture capital transaction
Next: 2/16/2023: Macrolux venture capital transaction

 

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