Earthrise Energy
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $3.1m | Early VC | |
* | $250m | Debt | |
Total Funding | CAD4.2m |
Recent News about Earthrise Energy
EditEarthrise Energy is a power infrastructure company that owns and operates natural gas peaking plants and is developing renewable energy projects. The company owns nearly 1.7-gigawatts of natural gas peaking plants, which are power plants that operate when there is a high demand for electricity. They are also developing more than 2-gigawatts of renewable energy projects, which are projects that generate electricity from renewable sources like wind and solar power.
Earthrise Energy operates in the energy market, serving corporate and utility customers. They acquire, own, and operate legacy fossil fuel assets and repurpose the transmission infrastructure for their renewable energy development projects. This means they take old power plants that used to run on fossil fuels and turn them into renewable energy projects. This allows them to bring these projects online faster than typical greenfield renewable energy projects, which are projects that are built from scratch.
The company's business model is centered around sustainability and making a positive impact on the environment. They invest in the communities where they develop, own, and operate energy facilities and partner with landowners to provide them financial security. They also develop product solutions that provide their customers with flexibility and help them achieve their carbon reduction goals.
In terms of revenue, Earthrise Energy makes money by selling the electricity generated from their power plants to their corporate and utility customers. They also earn income from their investments in the communities where they operate.
Keywords: Renewable Energy, Natural Gas Peaking Plants, Legacy Fossil Fuel Assets, Transmission Infrastructure, Sustainability, Corporate Customers, Utility Customers, Community Investment, Carbon Reduction, Financial Security.