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Origis Energy Secures $317 Million in Project Tax Equity with J.P. Morgan

PRIVATEJan 24, 2024

Amount Raised

$317 Million

Round Type

Venture

MiamiEnergy

Investors

J.P. Morgan

Description

Origis Energy has secured $317 million in project tax equity funding from J.P. Morgan for two utility-scale solar and solar plus battery storage projects located in New Mexico and Mississippi. The tax equity will support a 200 MWac solar plant under construction in the southwest for Tri-State Generation and Transmission Association and its member electric cooperatives, as well as a 150 MWac solar project with 50 MW/4 HRs (200 MWh) of energy storage, which represents the largest solar plus storage deployment in Mississippi. The funding also includes the utilization of the Investment Tax Credit (ITC) and the Production Tax Credit (PTC) incentives of the Inflation Reduction Act for the two projects.

Quick answer

Origis Energy raised $317 Million in a funding round, dated January 24, 2024. Investors: J.P. Morgan. Origis Energy is based in Miami, Florida, United States.

How much did Origis Energy raise?
Origis Energy raised $317 Million in a funding round on January 24, 2024.
Who invested in Origis Energy?
J.P. Morgan is named as investors in this round.
What does Origis Energy do?
Origis Energy is accelerating the transition to a carbon-free future by Reimagining Zero℠.
Where is Origis Energy based and how big is it?
Origis Energy is based in Miami, Florida, United States. Fundz records about 260 employees.
Who are the decision-makers at Origis Energy?
Fundz holds 1 contact at Origis Energy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy around the same time

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

  • Lion Copper Corp. raised $2.8M (Seed) on March 8, 2024.
  • Arcadia raised $46M on March 8, 2024.
  • Greenlyte Carbon Technology raised $11M (Pre-Series A) on March 6, 2024.
  • Wise Integration raised $15M (Series B) on March 6, 2024.
  • Oxford Quantum Circuits raised $100M (Series B) on March 6, 2024.
  • Electric Hydrogen raised $50M (Series C) on March 5, 2024.

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Company Information

Company

Origis Energy

Location

Miami, Florida, United States

About

Origis Energy is accelerating the transition to a carbon-free future by Reimagining Zero℠. As one of America's leading renewable energy and decarbonization solution platforms, the company continues to expand and reimagine its contribution to the world's net-zero goals. Origis Energy puts customers first to deploy a wide range of sustainable solutions for grid power generation, performance optimization, and long-term operation of solar and energy storage plants across the U.S.

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