BrightNight

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

BrightNight - overview

Established

2018

Location

West Palm Beach, FL, US

Primary Industry

Renewable Energy

About

BrightNight is a company specializing in the design and operation of utility-scale clean power systems, utilizing advanced artificial intelligence to optimize solar energy projects for efficiency and value. BrightNight focuses on utility-scale clean power systems, leveraging its proprietary platform, PowerAlpha®. Founded in 2018 in West Palm Beach, US, the company has completed one deal, with its most recent deal dated February 1, 2024. The CEO and Founder, whose background includes experience in renewable energy initiatives, leads the company in its mission to deliver clean energy solutions.


BrightNight specializes in the design, development, and operation of utility-scale clean power systems, leveraging advanced artificial intelligence through its proprietary platform, PowerAlpha®. This platform optimizes planning and operational strategies for solar energy projects, with flagship projects including the Ragland project in Kentucky generating 125 megawatts, the Hop Hill project in Washington providing 500 megawatts of solar energy and storage, and the Box Canyon project in Arizona featuring a 300-megawatt solar plus storage system. The client base consists of utilities, data centers, and commercial and industrial companies across the US, India, and Australia, focusing on clean and reliable energy solutions. BrightNight's revenue model revolves around deploying utility-scale clean power projects through long-term partnerships with utilities and commercial entities.


The company engages in direct B2B transactions, providing tailored energy solutions inclusive of subscription-based services for power supply and maintenance support. Pricing structures are established based on project specifications, ensuring competitive yet sustainable pricing. The PowerAlpha® platform is key to its value proposition, delivering energy and insights that enhance operational efficiency, with projects contributing to economic impact through job creation and tax revenue. In February 2024, BrightNight secured venture funding from Aligned Climate Capital, which will support the company's strategies for growth, including the launch of new products utilizing the PowerAlpha® platform.


The company is also planning to expand into emerging markets, specifically targeting regions in Asia and Europe by the end of 2025, to enhance its global footprint and access new client segments. Recent funding will be utilized to develop these initiatives and optimize existing projects for better performance.


Current Investors

Aligned Climate Capital

Primary Industry

Renewable Energy

Sub Industries

Renewable Energy, Systems Management Software

Website

www.brightnightpower.com/

Verticals

Artificial Intelligence, Clean Technology, IoT (Internet of Things)

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.