Foundation Capital is a venture capital firm dedicated to the proposition that one entrepreneur's idea, with the right support, can become a business that changes the world. The company is made up of former entrepreneurs who set out to create the firm they wanted as founders. This forward-thinking team of VCs has helped companies like Lending Club change the way money is lent and borrowed, Sunrun reinvent the residential clean energy market, and Netflix revolutionizes media distribution and consumption, among many others. Foundation Capital is currently invested in more than 60 high-growth ventures in the areas of consumer, information technology, software, digital energy, financial technology, and marketing technology. These investments include AdRoll, Beepi, Bolt Threads, DogVacay, Kik, ForgeRock, Lending Home, Localytics, and Visier. The firm's twenty-six IPOs include Lending Club, OnDeck, Chegg, Sunrun, MobileIron, Control4, TubeMogul, Envestnet, Financial Engines, Netflix, NetZero, Responsys and Silver Spring Networks.

Foundation Capital

de Anda is a venture capital firm based in California that invests in seed and early stage ventures.

de Anda Capital

Accel is an early and growth-stage venture capital firm that powers a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a business.  Accel’s vision for entrepreneurship and business enables it to identify and invest in the companies that will be responsible for the growth of next-generation industries. Accel-backed companies include Atlassian, Braintree, Cloudera, DJI, Dropbox, Dropcam, Etsy, Facebook, Flipkart, Lookout Security, MoPub, Qualtrics, Slack, Spotify, Supercell, Vox Media, and others.

Accel

Sequoia is a venture capital focused on energy, financial, enterprise, healthcare, internet, and mobile startups. The firm helps a small number of daring founders build legendary companies. It spurs them to push the boundaries of what’s possible. The firm seeks to invest in all sectors with a focus on energy, financials and financial services, healthcare and healthcare services, Internet, mobile, outsourcing, and technology.

Sequoia Capital

Madrone Capital Partners is a Private equity firm associated with Rob Walton, the eldest son of Walmart founder Sam Walton. It specializes in the fields of asset management, cleantech, and finance.  It was founded in 2005 and headquartered in Menlo Park, California.

Madrone Capital Partners

Sunrun

Optimizing the future of energy with software solutions

Energy Optimization & Management Software

Lunar Energy is a clean energy company founded in August 2020 by Kunal Girotra, a former executive at Tesla Energy. The company focuses on developing hardware and software solutions for residential energy management and storage. Lunar Energy's primary offering is a next-generation home battery system designed to help homeowners generate, store, and consume 100% clean energy. The system combines battery modules, power electronics, and software, all engineered from the ground up.
In August 2022, Lunar Energy announced it had raised USD 300 million in funding from investors including Sunrun, SK Group, ITOCHU, and Honda. The company also acquired Moixa, a UK-based software company specializing in distributed energy resources (DER) management. This acquisition brought with it the GridShare software platform, now rebranded as Lunar Gridshare. As of 2023, Lunar Gridshare was managing over 77,000 residential devices across Europe, Japan, and the US, representing 290 megawatts of power and 725 megawatt-hours of energy capacity.
Lunar Energy's technology aims to create virtual power plants (VPPs) by connecting and aggregating residential energy systems. The company's software optimizes the use of solar panels, batteries, and other home energy devices to balance customer needs with grid demands. In July 2023, Lunar Energy received two iF Design Awards for its home battery system, which was recognized for its modular, compact design and intuitive user interface.
Key customers and partnerships
Lunar Energy has established significant partnerships in the energy sector. The company manages Sunrun's national virtual power plant division, overseeing VPP operations in multiple states including New England, New York, California, Arizona, and Hawaii. These VPPs are typically tied to utilities or electric cooperatives, such as Peninsula Clean Energy in California and Hawaiian Electric Company.
In Japan, Lunar Gridshare is connected to 37,000 residential batteries installed by ITOCHU, providing daily behind-the-meter optimization to reduce customer bills. The platform also works with four of the five largest Japanese power companies to deliver demand response solutions. Additionally, Lunar Gridshare supports advanced smart charging services for Honda electric vehicles and has facilitated UPS's transition to electric vehicle fleets in the UK.

Lunar Energy's mission is to transition homes to 100% clean energy. Founded in 2020, Lunar Energy is designing and engineering the world’s best clean energy products to electrify all homes and connect communities to form clean, resilient virtual power plants. The fast-growing, global company is delivering an ecosystem of all-electric products to make our electricity greener, our air cleaner, and our energy more safe, secure, and reliable for all.

Sunrun is a United States-based provider of residential solar electricity and solar power services for homeowners. It invented a model known as solar service allowing homeowners to pay for the power, not the panels. It owns, maintains, and monitors the system while homeowners pay for the electricity it produces at a low, locked-in rate, saving them money over time. Sunrun operates in twelve states that include Arizona, California, Colorado, Hawaii, Massachusetts, Maryland, New Jersey, New York, Nevada, Pennsylvania, Oregon, and Connecticut. Each business day it puts 2 million U.S. dollars’ worth of solar onto people’s roofs and facilitates one solar installation every 10 minutes. The company’s network of over 30 solar installers employs more than 3,000 people.  Sunrun was founded in 2007 by Edward Fenster, Lynn Jurich, and Nat Kreamer. It is headquartered in San Francisco, C.A.

Sunrun is a leading residential solar provider that offers solar panel installations, energy storage solutions, and innovative solar products. The company designs customized solar systems tailored to each homeowner's energy needs, and its proprietary solar design technology BrightPath helps maximize energy production. Sunrun provides various financing options, including solar leases, loans, and purchases, along with the opportunity to bundle solar batteries like the Tesla Powerwall or Sunrun Shift.

The #1 Home Solar Power Company

Sunrun Solar Review: Rating, Overview, Pros and Cons

Sunrun Solar Review: Is the Biggest Company Your Best Deal?

Sunrun reviews & ratings: What to expect

Top 2,895 Reviews From Legit Sunrun Buyers

Sunrun vs. SunPower: Which Major Solar Company Is Best?

Sunrun Solar Review 2024: Is Sunrun Solar Worth It?

SunPower vs. Sunrun: Which Company Is Better? (2024)

Sunrun Solar Review 2024

Sunrun Solar Review: Installation and Financing (2024)

Sunrun Solar Reviews, Panels, and Installation (2024)

The Best Solar Companies of July 2024

Best Solar Companies Of 2024

Established renewable energy technologies for a greener future

Current-gen renewables

Sunrun price target lowered by $4 at UBS, here's why

Lunar Energy

SK Group

Software solutions that improve the reliability and performance of the electrical grid through facilitating the connection of distributed energy resources and other renewable energy sources. This includes solutions that optimize the operation of grids

Comcast

Sunrun and Comcast enter into agreement to offer residential solar program

Sunrun is a leading residential solar provider that offers solar panel installations, energy storage solutions, and innovative solar products. The company designs customized solar systems tailored to each homeowner's energy needs, and its proprietary solar design technology BrightPath helps maximize energy production. Sunrun provides various financing options, including solar leases, loans, and purchases, along with the opportunity to bundle solar batteries like the Tesla Powerwall or Sunrun Shift.
Sunrun has installed over 285,000 solar and battery systems across 20 states, Washington D.C., and Puerto Rico. The company's solar lease agreements offer daily system monitoring, free maintenance, repairs, and insurance coverage for the duration of the lease term. Sunrun also provides a 10-year workmanship warranty for customers who purchase their systems, covering installation issues such as roof leaks.
Key customers and partnerships
Sunrun has notable partnerships with industry giants such as Tesla and Ford. The company offers Tesla Powerwall batteries as a home energy storage solution and collaborates with Ford to integrate the F-150 Lightning electric truck as a backup power source for homes. Additionally, Sunrun provides the innovative Sunrun Shift battery system specifically for California and Hawaii residents, helping them optimize energy usage during peak hours under the new net metering program NEM 3.0.

Terra Solar is an Irish renewable energy company dedicated to developing, financing, constructing, and operating utility-scale solar farms across the island of Ireland. The company partners with commercial enterprises and private landowners to identify suitable sites for solar development, subsequently guiding these sites through the planning, grid approval, and construction phases until they become fully operational solar farms.
Terra Solar's solar power projects harness one of the cleanest sources of energy, generating electricity without emitting any pollution during production or consumption. Compared to fossil fuel-based energy sources, solar generation exerts minimal environmental impact and can support biodiversity gain.
In August 2022, Terra Solar's 65MW Ballinrea solar project located between Carrigaline and Cork City was acquired by Danish energy company Ørsted. The Ballinrea project, expected to commence construction in 2024 and become operational by 2025, will power up to 16,000 homes upon completion.
In March 2023, Ørsted acquired Terra Solar's 160MW Garrenleen project in Carlow. This project will reach commercial operation in two stages, one in 2025 and the other in 2026.
In September 2023, Terra Solar formed a partnership with Ørsted to develop a solar portfolio of up to 400MW across Ireland. These projects align with Ireland's goal of achieving 8GW of solar energy by 2030 and are targeted for completion before that year.

Terra Solar

Alight is a leading solar developer and independent power producer in Europe. The Stockholm-based company develops, owns, and operates onsite and offsite solar projects across the region. Alight adopts a subsidy-free business model, offering solar energy to commercial and industrial customers through long-term power purchase agreements (PPAs) at fixed prices.
Alight's core technology involves the development and construction of ground-mounted solar parks as well as rooftop solar installations for businesses. These systems generate clean electricity, enabling companies to switch to renewable energy sources. Alight retains ownership of the solar assets and sells the power directly to customers through PPAs spanning 10 to 20 years. This approach shields energy-intensive businesses from volatile electricity prices while providing access to sustainable energy.
By the end of 2024, Alight aims to have an installed solar capacity of one gigawatt (GW) across its operational projects, with plans to expand to five GW by 2030. A notable project in Alight's portfolio is the 100 MW solar park in Hultsfred, Sweden, developed jointly with Neoen for fashion retailer H&M Group. The company has also undertaken Sweden's largest co-located solar-plus-storage plant, a 12 MW facility in Linköping completed in December 2022.
In November 2022, Alight received a EUR 150 million investment from Dutch firm DIF Capital Partners, enabling the accelerated buildout of its solar project pipeline across the Nordics and Europe. This transaction also facilitated Alight's transition into an independent power producer, with plans to retain ownership of future solar assets.
Key customers and partnerships
Alight's customer base primarily comprises large corporations and energy-intensive businesses operating across various industries. Notable clients include fashion retailers H&M Group and Kingspan, financial institution Swedbank, automotive manufacturer Toyota, and food distributor Martin & Servera.
In December 2022, Alight partnered with French renewable energy company Neoen to jointly develop and own the 100 MW Hultsfred solar park in Sweden, secured through a power purchase agreement with H&M Group. This project represents the largest solar PPA contracted in Sweden to date.
Building upon this collaboration, Alight and H&M Group signed additional PPAs in January 2024 for the construction of three solar parks in Blekinge, Södermanland, and Halland, with a combined capacity of 23 MW. These projects are expected to be operational by early 2025, further strengthening Alight's partnership with H&M Group in delivering renewable energy solutions.

Alight

Terra-Gen is a leading independent provider of end-to-end renewable energy project development, financing, and operating capabilities in the US. The company specializes in utility-scale wind, solar, and energy storage projects across diverse technologies. As of March 2024, Terra-Gen operates approximately 2.4 GW of wind and solar assets, along with 5.1 GWh of energy storage facilities across 32 renewable power sites in the country, predominantly in California and Texas. Terra-Gen has a proven track record, having successfully developed over five GW of wind, solar, and energy storage projects, and operating and maintaining over 2.7 GW across 27 projects.
In March 2024, Masdar, a clean energy company based in the United Arab Emirates, acquired a 50% stake in Terra-Gen from Energy Capital Partners (ECP). The strategic investment aims to accelerate Terra-Gen's growth and expand its presence in key markets, leveraging Masdar's expertise in funding, developing, owning, and operating clean energy projects globally. The acquisition positions Terra-Gen for continued success, building on the significant growth and transformation achieved under ECP's ownership.

Terra-Gen

Chiron Energy is an independent Italian group that develops, builds, and operates state-of-the-art renewable energy plants and infrastructure with a very low environmental impact. The company specializes in constructing and commissioning incentivized photovoltaic plants across various regions of Italy, including Veneto, Lombardy, Piedmont, and Friuli-Venezia Giulia.
Established in late 2020 by Mario Pesaresi and his son Paolo, Chiron Energy has rapidly emerged as one of the leading solar developers in the Italian market. The company has an authorized pipeline of over 250 MWp of greenfield solar projects and has already secured financing for several projects through green loans from lenders like UniCredit.
In November 2021, Chiron Energy concluded the authorization processes for six photovoltaic plants in northern Italy with a total capacity of 25 MW. These plants, scheduled to become operational in 2024, are expected to produce 100% renewable energy, avoiding the release of approximately 9,500 tons of carbon dioxide emissions annually.
In June 2022, the company issued a EUR 5 million ESG-linked minibond with a bullet maturity of December 31, 2026, fully subscribed by the Progetto Minibond Italia fund. This minibond provides rate benefits linked to Chiron Energy's sustainability and ESG rating, supporting the company's ambitious growth and investment plans.
In April 2023, Chiron Energy secured a EUR 17 million green loan from UniCredit to fund the construction and commissioning of four new renewable energy production plants with a total installed capacity of over 19 MWp. Once operational by November 2023, these plants are expected to produce around 27 GWh of electricity annually, covering the needs of approximately 9,000 Italian households while avoiding emissions of over 14,000 tons of CO₂ equivalents per year.

Chiron Energy

Silicon Ranch is a Nashville-based independent power producer specializing in solar energy, battery storage, and carbon solutions. The company owns and operates all its projects across the US and Canada, with a contracted portfolio exceeding five gigawatts. Silicon Ranch pioneered a transformative approach called Regenerative Energy, which incorporates regenerative agriculture practices to restore soil health, promote biodiversity, and improve water quality on the same land where it generates renewable energy.
In 2022, Silicon Ranch installed nearly 700 megawatts of new solar capacity, setting a company record while maintaining its unblemished track record of successfully delivering every contracted project since its inception in 2011. The company signed contracts for over 1,100 megawatts of additional solar and battery storage projects last year, further expanding its multi-gigawatt pipeline.
Silicon Ranch's unique business model involves purchasing land for its facilities and committing to long-term ownership, fostering deeper connections with local communities. The company has deployed significant investments totaling approximately USD 1.5 billion for over one gigawatt of solar capacity across Georgia in partnership with the state's electric cooperatives. In 2021, Silicon Ranch acquired Clearloop, a platform that enables businesses to offset their carbon footprint by directly investing in new solar projects.
To support domestic manufacturing and lower its carbon footprint, Silicon Ranch has secured supply agreements with First Solar for 4.7 gigawatts of thin-film solar modules, 1.5 gigawatts of Nextracker solar trackers, and partnered with SOLARCYCLE for recycling damaged panels. The company's solar facilities have generated substantial tax revenues for host communities while creating thousands of construction jobs.
Key customers and partnerships
Silicon Ranch has established strategic partnerships with utilities, electric cooperatives, and corporate offtakers across its multi-gigawatt portfolio. Notable utility partners include the Tennessee Valley Authority (TVA), Mississippi Power, United Power Cooperative, and Green Power EMC, a renewable energy supplier for 38 Georgia electric cooperatives.
Major corporate customers span diverse sectors, with Silicon Ranch providing renewable energy and carbon solutions to Meta (formerly Facebook), Nike, Aerojet Rocketdyne, Volkswagen, and Rivian Automotive, among others. As of January 2024, Silicon Ranch has 16 operational solar projects totaling 630 megawatts for Meta in Georgia and Tennessee, with several additional facilities under construction.

Silicon Ranch

Manufacture solar panels, inverters, and other equipment for both residential rooftops and utility-scale solar projects

Develop, operate, and maintain solar power plants, excluding solar+storage and community solar project developers and operators

Develop, operate, and maintain solar power plants along with BESS

Facilitate solar power generation through shared solar or solar garden projects and operate on a subscription-based model

Manufacture wind turbines, towers, blades, and other related systems for wind power generation

Develop and operate onshore wind power projects

Manufacture hydroelectric turbines and develop and operate hydropower plants

Develop and operate facilities to convert organic waste streams into renewable energy

Facilitate the buying and selling of renewable energy certificates, contracts, and credits between producers and consumers

Set-up and maintenance of renewable energy systems for residential, commercial, and industrial applications

Provides current-gen renewable energy sources for sustainable energy consumption

Sunrun

Sources

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless