Energy - AUGUST 3, 2022

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Greenbacker invests in energy efficiency platform Renew Energy Partners

by Released

Greenbacker Development Opportunities Fund I has made a strategic growth investment in Boston-based Renew Energy Partners (RENEW), a nationwide distributed generation, microgrid and energy efficiency company.

The partnership with Greenbacker will expand RENEW’s capacity to scale its platform and execute  its project pipeline — developing, constructing financing and operating distributed generation, microgrids and energy efficiency assets that allow commercial and industrial (C&I) building owners to upgrade to energy-saving systems and reduce their carbon footprint.

RENEW helps customers reduce carbon and greenhouse gas emissions with projects that include HVAC retrofits, lighting updates, building management system upgrades, and onsite clean energy generation and battery storage.

RENEW offers energy-service agreements and power-purchase agreements to C&I customers, including manufacturing, multifamily housing, healthcare and hospitality facilities.

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