Avantus

Avantus

Renewable Energy Power Generation

El Dorado Hills, California 24,233 followers

8minute is now Avantus. Avantus is leading the clean energy transition to advance us all to a more prosperous future.

About us

Avantus is shaping the future by making reliable, low-cost clean energy a global reality. Our legacy of leadership in next generation solar energy includes developing one of the nation’s largest solar clusters and one of the first projects to beat fossil fuel prices back in 2016. Today, we are expanding the boundaries of existing technologies to build one of the largest portfolios of smart power plants with integrated storage, capable of providing millions of people with affordable, zero-emission energy – day and night. Through our relentless pursuit of better, we are decarbonizing our planet at the gigaton level, and bringing the advantages of clean energy to all of us.

Website
https://avantus.com/
Industry
Renewable Energy Power Generation
Company size
51-200 employees
Headquarters
El Dorado Hills, California
Type
Privately Held
Founded
2009
Specialties
Utility-Scale Solar Developer, Solar Power Purchase Agreements, Corporate Renewable Power Purchase Agreements, and Renewable Energy Storage

Locations

  • Primary

    4370 Town Center Blvd

    Suite 110

    El Dorado Hills, California 95762, US

    Get directions
  • 250 Sutter St

    Suite 600

    San Francisco, California 94108, US

    Get directions

Employees at Avantus

Updates

  • As we wrap up 2024, don't miss insights from our CEO Cliff Graham on how this year has been transformative for Avantus. From embarking on a new chapter with KKR and EIG to expanding our Southwest presence, Avantus has been taking steps to redefine and advance our clean energy mission. Read more below ⬇️

    View profile for Cliff Graham, graphic

    Chief Executive Officer, Avantus

    2024 has been a transformative year for Avantus – from closing on a majority equity investment by KKR to advancing one of the largest development portfolios of solar and energy storage in the United States. We see this new chapter as a critical opportunity to redefine our vision and mission to better reflect the company Avantus is today, tomorrow and beyond. Our vision is to create a prosperous future powered by affordable clean energy. Our mission is to achieve this by responsibly developing and building clean energy solutions that reliably meet our country’s growing energy demand. Within this, we see five principles that shape our company’s ethos: 🌿       Protect the climate by delivering energy that is CLEAN ⚡       Solar with integrated energy storage is RELIABLE 💰       Continuously improve our offerings to deliver energy that is AFFORDABLE 👷       We are RESPONSIBLE, focused on sustainability and shared value creation.  🏙         Clean energy drives progress and builds strong, PROSPEROUS communities In 2024, #TeamAvantus made great strides in advancing our mission. Together, we: - Completed the majority acquisition by KKR, with KKR and our existing investor EIG now the sole equity investors in Avantus. - We also closed a $522 million development facility to accelerate deployment of our 30 GW solar and 94 GWh storage pipeline - Expanded our presence in the Southwest and secured PPAs with Arizona Public Service - APS - Fostered job creation and economic growth with approx. 3 GW of solar and storage projects we developed under construction across the West and Texas - soon delivering clean, reliable energy to millions   The future promises rapid growth and innovation. Meeting the rising demand for energy will require a significant expansion of clean energy infrastructure. Onshore renewables represent the fastest, cheapest path forward to drive economic growth and support the proliferation of artificial intelligence and electrification. Wood Mackenzie Power & Renewables projects U.S. electricity demand to rise up to 15% in some regions by 2029. Clean energy is poised to power the next wave of progress! As we close out the year, I’m deeply grateful to be part of this dynamic industry and to lead such an exceptional team. Together, we are shaping a cleaner, more prosperous future for all. 

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  • It is always fun to get out of the office and see clean energy in action! ⚡️ It was great to have members of our growing team in the field to witness firsthand the incredible work we’re doing to deliver high-quality renewable energy projects.

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  • Arizona needs more power, and clean, reliable solar energy is essential to meeting demand – especially amid extreme heat conditions. That is why we are proud to sign a PPA with Arizona Public Service - APS for the Kitt Solar Project. Located within the City of Eloy in Pinal County, Arizona, the project features 100 MWac/130 MWdc of solar and 400 MWh of energy storage and has the capacity to serve up to 32,000 Arizona homes. We look forward to supporting a more resilient grid in Arizona.☀️🔋 Learn more about the Kitt Solar Project: https://lnkd.in/e6Q5NgPT

    Avantus Signs Power Purchase Agreement (PPA) with Arizona Public Service (APS) for Kitt Solar Project | Avantus

    Avantus Signs Power Purchase Agreement (PPA) with Arizona Public Service (APS) for Kitt Solar Project | Avantus

    avantus.com

  • Help shape the future of next-generation clean energy with Avantus. Apply today for a position as Vice President, Policy and Regulatory Affairs: https://lnkd.in/eQQtcnyJ

    View organization page for Avantus, graphic

    24,233 followers

    Be a part of Avantus' legacy of leadership in next-generation solar energy! We are hiring a Vice President, Policy and Regulatory Affairs to manage our regulatory strategies and advocate for clean energy policies. This role will be critical in shaping the regulatory landscape to support Avantus’ goals in clean energy deployment. Check out the job listing and apply now. https://lnkd.in/eQQtcnyJ

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  • View organization page for Avantus, graphic

    24,233 followers

    According to the Solar Energy Industries Association's "Solar Market Insight Report," solar energy accounted for 67% of all new electricity-generating capacity added to the US grid in the first half of 2024. 📈 With growing energy demand, solar and energy storage are more important than ever to provide reliable clean energy. Read more market insights in the report below. https://lnkd.in/eJ4a2Hh6

    Solar Market Insight Report

    Solar Market Insight Report

    seia.org

  • View organization page for Avantus, graphic

    24,233 followers

    Last week, our team attended the 2024 California ISO Stakeholder Symposium, engaging with energy experts and policymakers from around the country. Thanks to California ISO for organizing a thoughtful program that explored the latest in transmission network development, grid reliability, market expansion, and more. The energy expansion continues to transform the grid across the West, and  #TeamAvantus is committed to delivering high-value clean energy projects  that move us forward!

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  • View organization page for Avantus, graphic

    24,233 followers

    Our incredible team came together from all over the country for our annual “face-to-face” event, celebrating a new chapter here at Avantus. 🎉 Armed with new leadership, new ownership and the financial strength of KKR and EIG, we’re thrilled to embark on this next phase of growth and take the clean energy industry to new heights. Here’s to a bright future and our exciting journey ahead! 🌞🔋

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  • View organization page for Avantus, graphic

    24,233 followers

    Today we announced the sale of the Catclaw Solar and Energy Storage Project to our long-standing partner D.E. Shaw Renewable Investments (DESRI) – an exciting milestone for our portfolio and Arizona’s energy mix! The project features up to 225 MWac of solar and 250 MW/1,000 MW-hours of energy storage and is located in Maricopa County. Catclaw will deliver clean, reliable energy to Arizona Public Service - APS and help Arizona meet peak energy demand, while providing economic and environmental benefits to the state and local communities. Catclaw is expected to create approximately 325 jobs at peak construction and offset more than 470,000 metric tons of carbon dioxide emissions per year. Learn more about Catclaw: https://lnkd.in/eVWr2Pkx

    Avantus Completes Sale of Catclaw Solar and Energy Storage Project to D. E. Shaw Renewable Investments | Avantus

    Avantus Completes Sale of Catclaw Solar and Energy Storage Project to D. E. Shaw Renewable Investments | Avantus

    avantus.com

  • View organization page for Avantus, graphic

    24,233 followers

    Be a part of Avantus' legacy of leadership in next-generation solar energy! We are hiring a Vice President, Policy and Regulatory Affairs to manage our regulatory strategies and advocate for clean energy policies. This role will be critical in shaping the regulatory landscape to support Avantus’ goals in clean energy deployment. Check out the job listing and apply now. https://lnkd.in/eQQtcnyJ

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Funding

Avantus 6 total rounds

Last Round

Debt financing

US$ 522.0M

See more info on crunchbase