What is Priority Power?
Established in January 2001 in Midland, Texas, Priority Power has grown into a leader in energy management services across Texas and the U.S. The company is strategically focused on accelerating the energy transition towards a clean energy future. Its approach combines organic growth with strategic acquisitions of businesses that align with its values and enhance its customer offerings. This focus positions Priority Power at the forefront of sustainable energy solutions.
How much funding has Priority Power raised?
Priority Power has raised a total of $250.3M across 2 funding rounds:
Debt
$350K
Debt
$250M
Debt (2020): $350K with participation from PPP
Debt (2022): $250M led by BMO Harris Bank
Key Investors in Priority Power
BMO Harris Bank
BMO Harris Bank, headquartered in Chicago, is a prominent financial institution offering a wide array of personal banking services. As part of BMO Financial Group, it represents a significant backer in the enterprise-level funding space.
PPP
Public-Private Partnership
What's next for Priority Power?
With its recent major strategic investment, Priority Power is poised for accelerated growth and expansion within the clean energy sector. The company's commitment to both organic development and synergistic acquisitions indicates a robust strategy for scaling its operations and market influence. This latest financing round will likely fuel further innovation in energy management services and support its mission to drive the transition to a cleaner energy landscape.
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