AES

AES is a global power company operating in 15 countries, providing affordable and reliable energy through its diverse portfolio of thermal and renewable power generation facilities. With over 35 gigawatts of generation capacity, the company sources its energy from a mix that includes 53% renewable energy, 27% gas, 18% coal, and 2% oil. AES also has majority ownership of six electric utilities, serving more than 2.5 million customers. With more than 30 years of experience, the company adapts to local and regional market needs, maximizing plant efficiency to deliver consistent and reliable electricity.

Gustavo Garavaglia

CFO

13 past transactions

Motor

Series A in 2023
Motor collaborates with utility companies to enhance the adoption of electric vehicles (EVs) by providing a subscription-based service that simplifies the process of EV ownership. By addressing common barriers to adoption, Motor offers a comprehensive solution that includes monthly car rentals, insurance, registration, and maintenance. Customers can browse various car models and schedule home delivery, making it convenient for individuals and businesses to transition to sustainable transportation. This partnership not only promotes the use of electric vehicles but also generates economic and grid benefits associated with electrification, ultimately supporting a wider shift towards sustainable mobility.

GreenAnt

Acquisition in 2021
GreenAnt, founded in 2014 and based in Rio de Janeiro, Brazil, develops a software-as-a-service platform focused on intelligent energy management. The company aims to promote efficient energy use through innovative solutions that leverage algorithms to predict and analyze individual appliance consumption. GreenAnt's mission centers on encouraging conscious consumption practices, aligning with principles of sustainability. Its platform offers tools for monitoring real-time energy consumption, generating reports, and providing actionable recommendations to reduce electricity usage and costs. By empowering consumers with information and insights, GreenAnt seeks to foster a lifestyle that prioritizes energy efficiency as a sustainable alternative to traditional energy generation.

Uplight

Private Equity Round in 2021
Uplight is a provider of customer-centric technology solutions focused on the energy sector. Formed through the merger of Tendril and Simple Energy, along with the acquisitions of FirstFuel, EEme, and EnergySavvy, Uplight specializes in developing energy management software for utility companies serving residential, commercial, and industrial users across North America. The company offers a comprehensive suite of tools designed to connect energy customers with the decarbonization goals of power providers. By facilitating energy savings and cost reductions, Uplight aims to promote a more sustainable future for the energy ecosystem.

5B Australia

Series A in 2020
5B Australia Pty Ltd, founded in 2013 by solar engineers Chris McGrath and Eden Tehan, specializes in the engineering, procurement, and construction of solar farms. Based in Alexandria, Australia, the company is known for its innovative prefabricated and pre-wired ground mount technology, particularly its flagship product, the 5B Maverick. This accordion-style solar array can be rapidly deployed by small teams, revolutionizing traditional solar farm construction and enhancing efficiency, reliability, and quality control. By shifting tasks from unpredictable field environments to controlled factory settings, 5B mitigates risks associated with on-site construction. With over 140 project sites worldwide, the company aims to make clean energy more accessible and competitive, driving a global transition towards sustainable power solutions. The name "5B" reflects the vast potential of solar energy, urging stakeholders to consider how best to harness this abundant resource. As 5B continues to expand its partnerships and project deployments globally, it is committed to providing the safest, fastest, and most cost-effective solar technologies available.

Fohat

Grant in 2019
Fohat is an energy intelligence company focused on transforming the energy sector through innovative technologies. It operates a platform that facilitates the integration of distributed energy resources and enhances energy trading capabilities. The platform addresses challenges associated with microgrid management by enabling efficient energy trading, redirecting surplus energy into designated storage systems, and mitigating sudden fluctuations in the power grid. Additionally, it serves as a reliable backup solution for large industries, allowing businesses to develop products across various market segments. Fohat's approach aims to create a more resilient and sustainable energy landscape.

Fluence Corporation

Post in 2018
Fluence Corporation Limited is a global provider of water and wastewater treatment solutions, specializing in decentralized and fast-to-deploy systems for municipal, commercial, and industrial applications. Founded in 2008 and headquartered in White Plains, New York, the company offers a diverse product range that includes NIROBOX for desalination, ultrafiltration, reverse osmosis systems, and various wastewater treatment technologies such as Aspiral and EcoBox. Fluence's solutions are designed to optimize the water cycle, allowing businesses and communities to efficiently manage their water resources. The company operates across multiple market segments, including municipal water and wastewater, industrial wastewater, and biogas, and has established a significant presence in international markets, particularly in the Ivory Coast. Additionally, Fluence provides project finance, Smart Operations data analytics, and after-sale support services, enhancing its commitment to sustainable water management practices.

DayBack

Non Equity Assistance in 2017
DayBack is a company that specializes in energy solutions for commercial and industrial clients. It manufactures wind turbines tailored for urban environments and offers solar photovoltaic energy systems. In addition to these products, DayBack has developed an energy management platform that helps businesses optimize their energy usage. This platform collects real-time data on energy production and consumption by connecting to various electrical equipment, such as switchboards and generators. By leveraging this technology, clients can enhance their energy efficiency, lower operational costs, and contribute to environmental sustainability.

sPower

Acquisition in 2017
sPower is an independent power producer based in Salt Lake City, with additional offices in San Francisco, Long Beach, and New York City. The company specializes in owning and operating renewable energy generation systems, including wind, solar, and storage facilities, across the United States and the UK. With an extensive portfolio that includes over 150 utility and distributed generation systems and a combined capacity of 6.7GW across operating, construction, and development stages, sPower is actively engaged in acquiring utility-scale renewable assets at various stages of development. The company also provides construction and operational management services, contributing to local economies through payments to landowners and revenues for local governments, while focusing on reducing carbon emissions and delivering affordable, reliable energy to consumers.

sPower

Private Equity Round in 2017
sPower is an independent power producer based in Salt Lake City, with additional offices in San Francisco, Long Beach, and New York City. The company specializes in owning and operating renewable energy generation systems, including wind, solar, and storage facilities, across the United States and the UK. With an extensive portfolio that includes over 150 utility and distributed generation systems and a combined capacity of 6.7GW across operating, construction, and development stages, sPower is actively engaged in acquiring utility-scale renewable assets at various stages of development. The company also provides construction and operational management services, contributing to local economies through payments to landowners and revenues for local governments, while focusing on reducing carbon emissions and delivering affordable, reliable energy to consumers.

AES Distributed Energy

Acquisition in 2015
The AES Corporation (AES), a Fortune 200 global power company, provides affordable, sustainable energy to 18 countries through a diverse portfolio of distribution businesses and 36 GW of generation capacity, including over 8 GW of renewables. Enabled by the acquisition of Main Street Power Company in February 2015, and leveraging AES’ expertise, relationships and scale, they deliver our clients the benefits of sustainable energy powered by resilient, turnkey solutions that we finance, own and operate. Currently available in the US, Mexico, El Salvador, Brazil and the Dominican Republic, AES brings reliable and cost-effective distributed energy systems to schools, municipalities, utilities, residences, and commercial and industrial clients. We have over 65 MW of distributed generation solar PV projects in operation across North America, and over 200 MW in development in the Western Hemisphere.

DPL

Acquisition in 2011
DPL Inc. operates as an energy company in the United States, primarily focusing on the transmission and distribution of electricity. Through its subsidiary, it serves approximately 526,000 retail customers across a 6,000 square mile area in West Central Ohio, catering to residential, commercial, industrial, and governmental sectors. The company’s customer base includes various industries such as automotive, food processing, paper, plastic, manufacturing, and defense. Founded in 1985 and headquartered in Dayton, Ohio, DPL Inc. is a subsidiary of The AES Corporation, a global power company that delivers affordable and sustainable energy across 17 countries through a diverse portfolio of distribution and generation facilities.

KMR Power Company

Acquisition in 2000
KMR Power Company is a privately owned electric power plant developer and operator with a significant presence in Colombia. The company holds a controlling interest in three natural gas-fired power plants, which collectively have a total capacity of approximately 600 megawatts. KMR Power Company is also linked to KMR Infrastructure, a growth equity firm that specialized in investments in the energy sector within Africa.

Ipalco Enterprises

Acquisition in 2000
IPALCO Enterprises, Inc. is a utility company based in Indianapolis, Indiana, specializing in the generation, transmission, distribution, and sale of electric energy. The company operates four generating stations: a coal-fired facility in Petersburg, a natural gas and fuel oil station in Harding Street, a natural gas plant in Eagle Valley, and a small natural gas peaking station in Georgetown. Its extensive transmission network includes over 450 circuit miles of high-voltage lines, while its distribution system encompasses more than 5,000 circuit miles of underground and overhead cables. In addition, IPALCO manages 138 substations, ensuring efficient power delivery. Serving approximately 500,000 retail customers, including residential, commercial, and industrial clients, IPALCO is committed to providing reliable, low-cost electricity and maintaining high customer service standards. The company was incorporated in 1983 and is a subsidiary of AES U.S. Investments, Inc.
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