SolarReserve, LLC.
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SolarReserve, LLC. - overview
Established
2008
Location
Santa Monica, CA, US
Primary Industry
Renewable Energy
About
SolarReserve, LLC. is focused on developing and operating solar energy projects, specializing in concentrated solar power technologies that provide sustainable energy solutions. SolarReserve, LLC. operates in the renewable energy sector, specifically in solar energy technology.
The company was founded in 2008 and is headquartered in Santa Monica, US. Terry Murphy is the founder, contributing his experience in energy solutions. SolarReserve has raised a total of USD 27. 00 mn across several funding rounds, with the latest being a Grant of USD 2.
00 mn from the U. S. Department of Energy on October 25, 2018. SolarReserve specializes in innovative solar energy solutions, primarily concentrating on concentrated solar power (CSP) technology.
The company offers project development and operational services aimed at enhancing energy efficiency and sustainability. Its solutions cater to various sectors, including utilities and large-scale energy consumers, and are utilized globally, with a strong presence in North America, Europe, and Asia-Pacific. The revenue model for SolarReserve is structured around project development and operational services for solar energy installations. The company engages in long-term contracts with clients, often involving significant energy purchase agreements that assure a steady income stream aligned with customer needs.
SolarReserve plans to leverage recent funding from the U. S. Department of Energy to enhance its solar technology innovations and expand its project portfolio. The company is focusing on developing new solar projects and is targeting expansion into emerging markets in Latin America and Africa by 2025, with an emphasis on sustainable energy solutions.
Current Investors
Capital Dynamics, US Renewables Group, Credit Suisse Asset Management
Primary Industry
Renewable Energy
Sub Industries
Oil & Gas Exploration and Production, Electric Utilities, Power Generation Equipment & Services, Solar Power, Coal & Lignite Mining
Website
www.solarreserve.com
Verticals
Clean Technology
Company Stage
Series B
Total Amount Raised
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SolarReserve, LLC. - employee data
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