Greenbacker

A message of thanks from Greenbacker CEO, Charles Wheeler: As we reflect on 2024's achievements and milestones, we're proud of the progress we've made. Thank you to our investors, whose continued support fuels our mission of empowering a sustainable world. To our project partners shaping the future of clean energy with us. And to every member of the Greenbacker team—your passion and dedication have strengthened our position as a responsible leader in the clean energy transition. We're proud of the impact we continue to make together. Happy Thanksgiving to all.

Lightshift Energy was recently featured in Renewable Energy World for its first-of-a-kind partnership with Massachusetts Municipal Wholesale Electric Company (MMWEC) to bring 50 MW of energy storage to member utilities and deliver over $200 million in energy savings for Massachusetts residents.? ? Lightshift’s latest project in Paxton, MA, is just the beginning. As Lightshift co-founder Rory Jones puts it, “There’s really a trailblazing application here that we’re trying to see replicated in other markets as well.” ? We look forward to seeing Lightshift bringing battery storage to more communities across the U.S.

Greenbacker Renewable Energy Company has announced 3Q results, including year-over-year increases in revenue, operating MW, and clean power production, as the company placed 22 new #solarpower projects into service. The company’s investment management segment—Greenbacker Capital Management—increased its revenue 72%, year-over-year, while expanding its team with two seasoned capital raising professionals.

Chaberton Energy continues to make a name for itself in the community solar industry. Altus Power, Inc., a premier owner and operator of commercial-scale solar facilities, announced the acquisition of Chaberton’s Project Fairview, a 3.4 MW community solar farm, which will deliver reliable, clean energy to 400 households in Dorchester County, Maryland. We’re proud to invest in a company making renewable energy more accessible to local communities to power a sustainable future.

Greenbacker Head of Infrastructure Daniel De Boer recently spoke at #ALTSTX, sharing his insights on investing across the clean energy transition landscape.

Don’t miss Elle Brunsdale, VP of Investments at Greenbacker, at next week’s panel in Austin, TX: "The Value of a Dollar is Where You Put It: Capital Transformation,"?where Elle will share her insights on deploying stakeholder capital in a rapidly evolving energy landscape.?

Congratulations?to?Chaberton Energy?and?Pivot Energy?on hosting an exciting groundbreaking to unveil Project Crestone, which will power 500+ homes in Delaware with clean, reliable solar power and it marks Delaware’s first community solar farm. Though construction has just begun, the project is expected to generate electricity in the surrounding communities in 2025.

Greenbacker was proud to sponsor Namaste Solar's #KTLOC campaign for the third year in a row! This marks the campaign's fifth year of community impact through the program, having raised over $337,000 total, and provided over 900 year-long community solar subscriptions for those in need.

Greenbacker portfolio company Lightshift Energy has just unveiled its latest 3MW battery storage project in Paxton, Massachusetts - as the company aims to bring grid resilience to communities across the U.S. The project is expected to save local ratepayers up to $10 million in energy costs while helping Paxton transition to a more reliable, sustainable energy grid. Great work to the entire Lightshift team who helped to bring this battery project online.

Greenbacker Development Opportunities Fund Managing Director Benjamin Baker recently shared his perspective with?Bloomberg’s?Michelle Ma, discussing how the election results may shape the future of green infrastructure and renewable energy over the next four years: “The real thing holding back deployment of sustainable infrastructure is we need permitting reform,” as well as quicker grid connections for clean energy, said Benjamin Baker, a managing director at Greenbacker Capital. “In theory, it should be the Republicans who are more inclined to reduce red tape and make things easier to permit and easier to get done.” Check out more insights from Bloomberg:?