BrightNight, a renewable power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions, has received a $440 million strategic investment from the infrastructure business at Goldman Sachs Alternatives.
The investment, together with existing capital commitments, is expected to fully fund BrightNight's five-year business plan and advance execution of its 31-gigawatt renewable power project portfolio enhanced by its proprietary AI software platform, PowerAlpha.
“Demand for renewable energy continues to benefit from strong secular energy transition tailwinds, including substantial corporate decarbonization goals and both federal and state-level policy support,” said Teresa Mattamouros, managing director in infrastructure at Goldman Sachs