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Intersect Power Announces $750M Growth Equity Investment From Tpg Rise Climate, Cai Investments & Trilantic Energy Partners North America

RECENTLY ACQUIREDJun 28, 2022

Amount Raised

$750 Million

Round Type

Private Equity

BeavertonEnergySustainabilityNatural Resources

Description

Intersect Power, LLC, ("Intersect Power" or the "Company") announced today a $750 million growth equity investment led by TPG Rise Climate, the dedicated climate investing strategy of TPG's global impact investing platform TPG Rise, with additional participation from existing investors, Climate Adaptive Infrastructure, LLC. ("CAI"), and Trilantic Energy Partners North America ("Trilantic"). This strategic partnership and investment will accelerate the achievement of Intersect Power's continued progress in implementing its vision to enable pathways between clean electricity and the broader economy.

Quick answer

Intersect Power raised $750 Million in a Private Equity round, dated June 28, 2022. Intersect Power is based in Beaverton, Oregon, United States.

How much did Intersect Power raise?
Intersect Power raised $750 Million in a Private Equity round on June 28, 2022.
What does Intersect Power do?
Intersect Power is a clean energy company bringing innovative and scalable low-carbon solutions to its customers in retail and wholesale energy markets.
Where is Intersect Power based and how big is it?
Intersect Power is based in Beaverton, Oregon, United States.
Who are the decision-makers at Intersect Power?
Fundz holds 2 contacts at Intersect Power, including the CEO, Founder. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Sustainability around the same time

Companies in the same sectors as Intersect Power that raised within 45 days of this round, from Fundz verified event records.

  • Vecino Energy Partners raised $200M on July 19, 2022.
  • FlexGen Power Systems raised $100M (Series C) on July 19, 2022.
  • Blackbuck Resources raised an undisclosed amount (Funding Round) on July 18, 2022.
  • Xpansiv raised $400M on July 6, 2022.
  • Metaspectral raised an undisclosed amount (Funding Round) on June 14, 2022.
  • Wi Tricity raised $63M on August 9, 2022.

Who to call at Intersect Power, and when

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Company Information

Company

Intersect Power

Location

Beaverton, Oregon, United States

About

Intersect Power is a clean energy company bringing innovative and scalable low-carbon solutions to its customers in retail and wholesale energy markets. The company develops some of the world's largest clean energy resources providing low-carbon electricity, fuels, and related products to customers across North America. Intersect Power has an 8.5+ GWp and 8+ GWh mid to late-stage pipeline that includes a base portfolio of 2.2 GWp of solar PV and 1.4 GWh of co-located storage that will be in operation by 2023. The Intersect team is also planning 600+ MW of green hydrogen production. To learn more about Intersect Power and view our job openings, please visit www.intersectpower.com/who-we-are/. SOURCE Intersect Power

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Related People

2 contacts
Verified contactsSheldon K., CEO, Founder hiddenSee plans and pricing
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Intersect Power raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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