Renewable Energy Acquisitions in Colorado

Standard Solar acquired the 12.18 MW Wheeler Gulch Solar Project from Caerus Piceance, LLC. The ground-mounted, behind-the-meter solar array in Garfield County, Colorado will supply on-site power to Caerus Piceance's Middle Fork compressor station and expand Standard Solar's owned renewable generation portfolio.

Generac Power Systems acquired Ageto, a Fort Collins–based provider of microgrid controllers and energy optimization software, in a deal that closed August 1, 2024. The acquisition integrates Ageto's microgrid controller and software with Generac's battery energy storage systems and generator offerings to provide site-level system integration and expanded capabilities for commercial and industrial customers.

Kemin Industries has acquired Archangel Inc., a specialist in antimicrobial solutions for fermentative biofuel production, adding Archangel's NOVA EZL and NOVA EZP products and four patent applications to Kemin's Bio Solutions portfolio. Archangel founder Allen Ziegler will join Kemin as a Principal Sales Manager, and the deal strengthens Kemin's ability to serve the U.S. biofuel industry with expanded bacterial-control capabilities.

Zero Carbon Systems has acquired Global Thermostat, combining Global Thermostat's decade-plus direct air capture technology with Zero Carbon Systems' large-scale engineering design and financial resources. The deal aims to accelerate deployment of low-cost, low-energy carbon dioxide removal at demonstration, commercial and megaton scales.

Ryse Energy has acquired US-based micro wind turbine manufacturer Primus Wind Power, adding the AIR turbine technology to its product portfolio. The deal is intended to expand Ryse's small-wind capabilities, enable U.S. manufacturing of AIR turbines, and accelerate expansion into North American markets.

Brookfield Renewable, together with unnamed institutional partners, finalized a purchase agreement to acquire Scout Clean Energy from Quinbrook Infrastructure Partners for $1.0 billion, with the potential to invest an additional $350 million to support development activities. Scout will continue to operate under its brand as a utility-scale renewable energy developer-owner-operator headquartered in Boulder, Colorado, with ~1,200 MW of operating wind assets and a pipeline of wind, solar and storage projects across the United States.

Stem, Inc. acquired AlsoEnergy (Also Energy Holdings, Inc.), a global leader in solar asset management software, in a cash-and-stock transaction announced in December 2021 and closed in early 2022. The ~$695 million deal (approximately 75% cash / 25% stock) expands Stem's software capabilities and assets under management, adding ~32–33 GW of solar AUM and broadening cross-sell opportunities across utility and commercial & industrial customers.

Catalyze, a Boulder-based independent power producer, made a minority investment in and formed a strategic partnership with Microgrid Labs (MGL) to deliver turnkey fleet electrification planning, implementation, financing and operations across North America. The partnership combines Catalyze’s renewable generation, storage and charging deployment capabilities with MGL’s fleet electrification software and consulting to offer integrated fleet-as-a-service solutions to commercial, industrial and municipal customers.

Ember Infrastructure has committed $30 million of equity to Denver-based SunShare to accelerate the community solar developer's growth and expansion into new states. The growth capital investment will support SunShare's project development, ownership and subscription business; Ember partner Bob Kelly will join SunShare's board as part of the transaction.

ECP (Energy Capital Partners) has acquired Pivot Energy, a national commercial and community solar developer, in a transaction that closed on June 1, 2021. The deal gives Pivot increased access to capital to accelerate project development, expand product offerings, and transition toward aggregating and managing recurring, cash-flowing solar and storage assets.

Advanced Energy Industries sold its grid-tie central solar inverter services business to Bold Renewables Holdings, an affiliate of Right Lane Industries. SDR Ventures advised Advanced Energy on the divestiture as Bold Renewables expands its field-service, maintenance and parts platform for central inverters headquartered in Colorado.