SAN FRANCISCO--(BUSINESS WIRE)--Generate Capital, a leading financier, owner, and operator of distributed energy and resource infrastructure, announced today it has raised hundreds of millions of dollars from multiple institutional investors to fund its growth plan and extend its leadership position in this fast-growing segment. Generate Capital plans to use the new funds to continue building renewable energy, energy efficiency, waste, agriculture, and water projects.
Launched in late 2014 by industry veterans Matan Friedman, Scott Jacobs, and Jigar Shah, Generate Capital has put in place over $500 million of infrastructure funding programs since inception. Generate Capital partners with leading technology vendors and project developers to build, own, and operate money-saving infrastructure projects. The company’s pioneering, permanently-capitalized balance sheet model provides partners with flexible capital solutions, delivers unprecedented transaction efficiency, and solves the elusive bankability question confronting developers and entrepreneurs.
“We are thrilled to welcome Alaska Permanent as a new partner and board member. Generate’s first few years were focused on proving the model; this new capital enables us to grow, continue supporting our partners’ project pipelines, and extend our presence in these high-growth infrastructure markets,” said Scott Jacobs, Generate Capital’s CEO and co-founder.
As APFC’s Marcus Frampton described it, “We were looking to invest in a platform that provides access to an asset class with great risk-adjusted returns in these emerging areas of energy and resource infrastructure. It quickly became clear to us that Generate was at the head of the class, and we are excited to help build the company and the category.” APFC was joined in the recent raise by several pension funds, domestic and international, as well as Generate Capital’s prior investors.
Generate Capital is consistently at the new frontier of energy infrastructure, announcing recently one of the market’s first solar-plus-storage deployments as part of a program with Sharp Electronics Corporation. Other recent projects include community solar assets in Minnesota, innovative wastewater treatment projects in Northern California, energy-efficient battery storage roll-outs across the U.S., and waste-to-energy facilities in the Midwest and Northeastern U.S.
“Entrepreneurs are out there, every day, trying to get important new infrastructure built, and they need smart capital partners that can move quickly to do so. We created our entire business model to serve these partners, and this additional balance-sheet capacity will help us support both their existing and future capital needs,” says Jigar Shah, President and co-founder of Generate Capital.
About Generate Capital
Generate Capital, based in San Francisco, California, is a leading financier, owner and operator of distributed energy and resource infrastructure. With a permanent capital base, flexibility to meet a range of needs, and deep domain expertise in technology, energy, and resource sectors, Generate Capital partners with the innovative companies and project developers who are leading the Resource Revolution—building infrastructure that does more with less of our critical natural resources such as energy, water, food, and materials. For more information on Generate Capital, please visit: www.generatecapital.com.