# Recurrent Energy

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

- Industry: Renewable Energy
- Headquarters: Austin, US
- Website: www.recurrentenergy.com/
- Total disclosed funding: $85M
- Latest round: Series B (Jul 16, 2008)
- Investors on record: 3

## About

Recurrent Energy, LLC, based in the US, focuses on developing, owning, and operating utility-scale solar and energy storage projects, providing clean energy solutions across various global markets.Recurrent Energy specializes in utility-scale solar and energy storage projects. Founded in 2006 in Austin, US, it has undergone significant developments, including a Trade Sale in September 2010 when Sharp Corporation acquired the company for USD 305.00 mn. The firm has successfully completed three deals to date, with a total amount raised of USD 305.00 mn. The CEO of the company is Ismael Arias.Recurrent Energy, a subsidiary of Canadian Solar Inc., specializes in the development, ownership, and operation of utility-scale solar and energy storage projects. The company’s primary offerings include solar power generation and battery energy storage systems designed to provide low-cost, clean energy solutions in North America, Europe, and Asia-Pacific. With approximately 12 gigawatts (GWp) of solar projects and 6 gigawatt hours (GWh) of energy storage systems developed, the company caters to utility companies, energy retailers, and municipalities transitioning to renewable energy sources.Recurrent Energy generates revenue primarily through long-term power purchase agreements (PPAs) with utility and corporate clients, ensuring a consistent income stream. The company engages in business-to-business transactions, selling energy generated from its solar and storage facilities directly to clients. Revenue structures include fixed pricing plans and ancillary services related to operation and maintenance (O&M) agreements. This business model allows Recurrent Energy to secure contracted revenue from its 13 GWp of projects under long-term O&M agreements, ensuring stability in financial operations.Recurrent Energy aims to expand its product offerings and enhance its market presence. The company is focused on launching new energy storage solutions and plans to enter additional markets in Europe and Asia-Pacific by 2023. The recent acquisition by Sharp Corporation will support these initiatives, utilizing the funding to scale operations and invest in project development. The deal, completed in September 2010, positions Recurrent Energy for future growth and enhanced capacity in the renewable energy sector.

## Funding rounds

- Series B, Jul 16, 2008, $75M — Hudson Sustainable Group
- Series A, Jun 22, 2007, $10M — Mohr Davidow Ventures, JEM Partners

## Investors

- Mohr Davidow Ventures (https://capitalatlas.ai/funds/mohr-davidow-ventures) — Series A
- JEM Partners — Series A
- Hudson Sustainable Group (https://capitalatlas.ai/funds/hudson-sustainable-group) — Series B