What is Altus Power?
Altus Power operates as a comprehensive, full-service solar energy provider, distinguishing itself through the ownership and management of commercial-scale solar arrays. By integrating the entire lifecycle of solar power generation—from development and installation to ongoing maintenance—the company offers a streamlined solution for entities seeking to transition toward sustainable energy. Its market position is bolstered by a robust portfolio of assets that serve a wide array of clients, ranging from local towns to large-scale commercial enterprises. This vertically integrated approach allows Altus Power to maintain high standards of operational efficiency while delivering consistent, clean energy output, effectively positioning the firm as a critical player in the ongoing transition to a decentralized, renewable power grid.
How much funding has Altus Power raised?
Altus Power has raised a total of $2.1B across 8 funding rounds:
Private Equity
$30M
Private Equity
$125M
Unspecified
$205M
Unspecified
$483M
Other Financing Round
$850M
Debt
$141.3M
Debt
$204M
Debt
$100M
Private Equity (2013): $30M with participation from Catlin Group
Private Equity (2014): $125M led by Blackstone, GSO Capital Partners, and Franklin Square Capital Partners
Unspecified (2016): $205M supported by Goldman Sachs, Global Atlantic Financial Group, and FS Investments
Unspecified (2017): $483M, investors not publicly disclosed
Other Financing Round (2020): $850M backed by Blackstone Insurance Solutions and GSO Capital Partners
Debt (2023): $141.3M with participation from KeyBanc National Association
Debt (2023): $204M led by Blackstone
Debt (2024): $100M supported by Goldman Sachs Asset Management and CPP Investments
Key Investors in Altus Power
Blackstone
Blackstone is a global investment firm that focuses on building and managing diversified asset portfolios across private equity, real estate, credit and strategic alternatives.
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm providing a wide range of financial services to corporations and governments.
FS Investments
FS Investments is an externally managed, non-diversified, closed-end management investment company focused on generating current income and long-term capital appreciation.
What's next for Altus Power?
Looking ahead, the recent influx of capital is expected to accelerate the deployment of new solar assets and enhance the company's technological infrastructure. With a proven track record of attracting institutional-grade financing, Altus Power is well-positioned to capitalize on the increasing demand for corporate sustainability and grid resilience. The strategic focus will likely remain on expanding its geographic footprint and optimizing its existing portfolio through advanced energy management systems. By leveraging its strong relationships with global financial institutions, the company is poised to maintain its growth momentum, potentially exploring new avenues in energy storage and grid-integrated services to further diversify its revenue streams and solidify its leadership in the clean energy transition.
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