esVolta

Overview
News
Alternative Energy?
Product stageSegments
Early
?
Stationary Energy Storage
?

esVolta owns and operates utility-scale energy storage projects across North America.

The company’s projects are directly connected to the electric grid and provide services for grid operators, large energy users, and utilities, including on-demand capacity, energy arbitrage, and grid support services. Its operational portfolio and utility contracted backlog projects amount to nearly 1.5 GWh, and it has a development pipeline of almost 20 GWh.

The company was acquired by Generate Capital (a sustainable infrastructure investment and operating platform) in July 2022 to expand the availability of energy storage projects.

Key customers and partnerships

esVolta serves electric utilities and community choice aggregators across North America.

Funding and financials

In April 2024, esVolta closed a USD 185 million senior secured credit facility. The company intended to use the funds to access additional development capital and credit for operations relating to interconnection, power purchase agreements, and equipment deposits.

Prior to this, in November 2023, when the company secured an undisclosed tax equity investment from US Bancorp Impact Finance to support the completion of a 30 MW battery project near Lost Angeles. Prior to this, in January 2021, the company secured private equity from Green Investment Group to support its continued North American expansion, finance its portfolio of projects in California, and develop an additional pipeline.

HQ location:
100 Bayview Circle Suite 340 Newport Beach CA USA
Founded year:
2017
Employees:
51-100
IPO status:
Private
Total funding:
USD 583.0 mn
Last Funding:
USD 258.0 mn (Debt Financing; Jul 2024)
Last valuation:
-
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Company profile
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