# Lincoln Renewable Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lincoln-renewable-energy

- Industry: Renewable Energy
- Headquarters: Chicago, US
- Website: www.lincolnrenewableenergy.com
- Total disclosed funding: $14M
- Latest round: Series A (Jan 5, 2011)
- Investors on record: 1

## About

Lincoln Renewable Energy is dedicated to the development and operation of renewable energy solutions, focusing on wind and solar power projects across the United States, aiming to contribute to a sustainable energy future.Founded in 2008, Lincoln Renewable Energy specializes in renewable energy project development. The company is headquartered in Chicago, US. It has completed a total of two deals, with the most recent financing occurring on April 27, 2011, when Macquarie Group invested USD 41.00 mn, bringing the total amount raised to USD 41.00 mn. Lincoln Renewable Energy has not undergone any notable pivots or changes in its business strategy since its inception.Lincoln Renewable Energy focuses on the development, construction, and operation of renewable energy projects, primarily in offshore and onshore wind farms, as well as solar energy systems. The company’s offerings include significant projects like America's first offshore wind farm near Block Island and the South Fork Wind project, contributing essential renewable energy solutions to various sectors.Lincoln Renewable Energy generates revenue through long-term power purchase agreements (PPAs) with clients ranging from utility companies to large corporations, selling electricity produced by its renewable energy projects. This revenue model is largely B2B, involving sales to grid operators and commercial entities, further enhanced by partnerships for energy storage systems to optimize energy management.Lincoln Renewable Energy plans to utilize the recent USD 41.00 mn funding from Macquarie Group to expand its renewable energy portfolio. The company is focused on launching new projects in the Northeast and Midwest regions of the United States, with aspirations for increased presence in emerging markets by 2025. The funding will support the development and operational enhancements of existing projects, ensuring alignment with its long-term growth objectives.

## Funding rounds

- Series A, Jan 5, 2011, $14M — Austin Ventures

## Investors

- Austin Ventures (https://capitalatlas.ai/funds/austin-ventures) — Series A