Renewable Energy Buyers & Acquisitions in Utah

Tracked deals

5

5 tracked deals across 2021-2024.

Buyer mix

Mixed buyer set

5 pe · 3 strategic

Top trend

Volume peaked in 2023

2 tracked deals announced in 2023.

Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
Applied Value Group 1 Global investments and management consulting group that m... PE
Blackstone Credit 1 Credit division of Blackstone that provides lending and c... PE
Chevron U.S.A. Inc. 1 Integrated energy company (upstream and downstream) expan... Strategic
Energy Impact Partners (EIP) 1 Global venture and growth investor focused on energy tran... PE
Greenbelt Capital Partners 1 Growth-focused middle-market private equity firm investin... PE
SunPower Corporation 1 Solar technology and energy services provider focused on ... Strategic
Sunworks, Inc. 1 Public company providing high-performance solar power sys... Strategic
Trilantic Energy Partners II North America 1 Middle-market private equity firm focused on control and ... PE

Acquisition Volume in Renewable Energy in Utah by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Renewable Energy Buyers & Acquisitions in Utah. 1 2021 1 2022 2 2023 1 2024

Supporting Data

Recent Transactions

  • SunPower Acquires Blue Raven Solar
    October 21, 2024
    Buyer
    SunPower Corporation
    Target
    Blue Raven Solar
    Industry
    Renewable Energy
    Location
    Utah, United States
    Type
    Buyout

    SunPower Corporation acquired Blue Raven Solar in a cash transaction of up to $165 million to accelerate its residential solar business and expand its geographic footprint into underpenetrated U.S. regions. Blue Raven’s CEO Ben Peterson will join SunPower’s executive team as SunPower combines its products and digital tools with Blue Raven’s direct-to-consumer sales and installation capabilities to grow residential solar and related financing products.

  • Chevron Acquires Magnum Development and Majority Stake in ACES Delta Hydrogen Project
    September 12, 2023
    Buyer
    Chevron U.S.A. Inc. (Chevron New Energies)
    Target
    Magnum Development, LLC, ACES Delta, LLC
    Seller
    Haddington Ventures
    Industry
    Renewable Energy
    Location
    Utah, United States
    Type
    Buyout

    Chevron U.S.A. Inc., through its Chevron New Energies division, has closed the acquisition of 100% of Magnum Development, LLC from Haddington Ventures, gaining a majority interest in ACES Delta, LLC — the developer of the Advanced Clean Energy Storage hydrogen production and salt-cavern storage project in Delta, Utah. The project will produce and store renewable hydrogen (first phase ~100 metric tons/day) to serve utility, transportation and industrial customers in the western United States and is expected to enter commercial-scale operations in mid-2025.

  • Applied Value Group Acquires ES Solar
    June 22, 2023
    Buyer
    Applied Value Group
    Target
    ES Solar
    Industry
    Renewable Energy
    Location
    Utah, United States
    Type
    Buyout

    Applied Value Group has acquired ES Solar as a new platform investment. ES Solar, Utah's largest residential and commercial solar and battery installer with operations in Utah, Idaho and Wyoming, will keep its existing management team and work with Applied Value to expand into new markets, launch new products, and accelerate deployment of residential and commercial solar and storage systems.

  • Greenbelt Capital Leads Growth Investment in ION Solar
    March 8, 2022
    Buyer
    Greenbelt Capital Partners, Trilantic Energy Partners II North America, Blackstone Credit, Energy Impact Partners (EIP)
    Target
    ION Solar, LLC
    Industry
    Renewable Energy
    Location
    Utah, United States
    Type
    Growth capital

    Greenbelt Capital Partners led a growth investment in ION Solar alongside Trilantic (Trilantic Energy Partners II North America), Blackstone Credit and Energy Impact Partners. ION Solar founders will retain majority ownership as the company uses the capital to expand geographically and into adjacent residential energy products such as storage and EV charging.

  • Sunworks, Inc. Acquires Solcius, LLC
    April 13, 2021
    Buyer
    Sunworks, Inc.
    Target
    Solcius, LLC
    Industry
    Renewable Energy
    Location
    Utah, United States
    Type
    Buyout

    Sunworks, Inc. (NASDAQ:SUNW) agreed to acquire privately held Solcius, LLC in an all-cash transaction valued at $51.8 million (cash-free, debt-free), combining Sunworks' commercial and utility capabilities with Solcius' residential installation platform. The deal creates a national solar provider with a presence in 12 states and pro forma 2020 revenue of approximately $131.5 million, with Sunworks expecting synergies and near-term profitability post-integration.

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Related Acquisition Pages

Renewable Energy Buyers & Acquisitions Renewable Energy Buyers & Acquisitions in Canada Private Equity-Backed Renewable Energy Buyers Renewable Energy Acquisitions in 2024 Renewable Energy Acquisitions in 2023 Renewable Energy Acquisitions in 2022 Renewable Energy Acquisitions in 2021 Acquisitions in Utah Private Equity-Backed Acquisitions in Utah Acquisitions in Utah in 2024 Acquisitions in Utah in 2023 Acquisitions in Utah in 2022

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