Gravity Renewables

Overview
Current-gen renewables?
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Hydropower equipment manufacturers, developers, and operators
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Gravity Renewables is an independent power producer established in 2013 to own, operate, and develop distributed hydropower projects across the US. The company's portfolio includes several small-scale hydroelectric power plants located on rivers and waterways in various states, including New York, Vermont, Massachusetts, Connecticut, and North Carolina.

Gravity Renewables specializes in revitalizing and optimizing existing hydropower facilities, many of which date back to the late 19th or early 20th century. By investing in upgrades and refurbishments, the company aims to preserve and extend the lifespan of these projects, generating reliable, carbon-free hydroelectric power for local communities and businesses.

The company's hydropower projects range in capacity from 0.675 MW to eight MW, with several facilities producing enough electricity to power hundreds or thousands of homes annually. For instance, the Seneca Falls Hydroelectric Project in New York generates eight MW of electricity, enough to power nearly 1,800 households as of its inception. The Pawtucket No. two Hydro Project in Rhode Island produces sufficient energy to power 672 homes each year.

In addition to its hydropower operations, Gravity Renewables has diversified its portfolio by incorporating solar photovoltaic systems at some of its facilities, such as the Newport Hydroelectric Project in Vermont, which features a 150-kilowatt solar installation.


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Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
1401 Walnut Street Suite 301 Boulder CO USA
Founded year:
2010
Employees:
11-50
IPO status:
Private
Total funding:
USD 14.7 mn
Last Funding:
USD 6.0 mn (Series Unknown; Feb 2015)
Last valuation:
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