Enernet Global

Enernet Global

Enernet Global - A global distributed utility. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$26—39m (Dealroom.co estimates Nov 2020.)
New York City New York (HQ)

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DateInvestorsAmountRound

$6.5m

Series A
Total Funding$6.5m

Recent News about Enernet Global

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Enernet Global specializes in developing, financing, building, and operating microgrids to provide clean, reliable, and cost-effective energy solutions. Founded in 2015, the company aims to displace polluting and expensive fuels with high-penetration renewable systems. Enernet serves a diverse range of clients including companies, communities, and investors, focusing on markets where energy production is costly and unstable. The company operates on an 'Energy as a Service' model, meaning it fully finances the energy systems it installs, allowing clients to benefit from lower and predictable electricity costs without the need for upfront capital investment. Enernet generates revenue through long-term contracts for energy supply, ensuring a stable income stream while promoting sustainability. The company currently has 130 MW of generation capacity contracted, awarded, or under construction, backed by $350 million in equity investment. Enernet's projects are designed to provide reliable power to underserved markets, reduce reliance on fossil fuels, and offer scalable solutions for future load growth. Key markets include rural electrification and areas with volatile fuel pricing.

Keywords: microgrids, renewable energy, energy storage, sustainability, cost-effective, reliable power, rural electrification, energy as a service, clean energy, equity investment.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Enernet Global

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KPS Power Africa
ACQUISITION by Enernet Global Nov 2021