About Aspen Power
Aspen Power is a company based in Dallas (United States) founded in 2020 was acquired by The Carlyle Group in November 2022. Aspen Power has raised $120 million across 5 funding rounds from investors including MUFG Bank, J P Morgan and First Citizens Bank. Aspen Power has completed 1 acquisition, including Safari Energy. Aspen Power offers products and services including Solar Development, Project Financing, O&M and Project Optimization, Battery Storage, and EV Charging. Aspen Power operates in a competitive market with competitors including Enel X, Recurrent Energy, Longroad Energy, Origis Energy and Hillman Group, among others.
- Headquarter Dallas, United States
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Sectors
Energy & Utilities
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$120 M (USD)
in 5 rounds
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Latest Funding Round
$200 M (USD), Debt – Conventional
Jan 12, 2026
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Investors
MUFG Bank
& 7 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
The Carlyle Group
(Nov 09, 2022)
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Products & Services of Aspen Power
Aspen Power offers a comprehensive portfolio of products and services, including Solar Development, Project Financing, O&M and Project Optimization, Battery Storage, and EV Charging.
Develops solar projects for businesses and communities
Provides funding for renewable energy initiatives
Optimizes and maintains solar energy systems
Offers solutions to store and manage energy
Provides solar-powered electric vehicle charging
People of Aspen Power
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Funding Insights of Aspen Power
Aspen Power has successfully raised a total of $120M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $200 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Aspen Power
Aspen Power has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include MUFG Bank, J P Morgan and First Citizens Bank.
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Private equity investments are directed toward multiple sectors.
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Comprehensive financial services are provided to corporations and individuals.
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Investor details for Aspen Power
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Investments & Acquisitions by Aspen Power
Aspen Power has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Safari Energy.
Investment portfolio details for Aspen Power
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Turnkey solar solutions are provided for commercial applications.
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Complete acquisition details for Aspen Power
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Financial Statements - Aspen Power
Detailed financials for Aspen Power
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Aspen Power Comparisons
Peer comparison for Aspen Power
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Competitors of Aspen Power
Aspen Power operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Enel X, Recurrent Energy, Longroad Energy, Origis Energy and Hillman Group, among others.
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Utility-scale renewable energy projects are developed by Enel X.
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Utility-scale solar projects are developed and owned by Recurrent Energy.
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Utility-scale wind and solar power projects are developed.
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Utility-scale and commercial solar projects are developed worldwide.
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Hardware and home improvement products are supplied to retail markets.
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Detailed competitors of Aspen Power
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Latest news on Aspen Power
Complete news archive for Aspen Power
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Frequently Asked Questions about Aspen Power
Aspen Power was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Aspen Power is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Aspen Power is a funded company, having raised a total of $120M across 5 funding rounds to date.
Provider of renewable energy asset development, construction, and operation services. It partners with businesses and communities to develop, construct, and operate renewable energy assets and storage. It specializes in project finance, solar development, and operations and maintenance and project optimization. It offers solutions for community solar, commercial and industrial solar, public sector, multifamily, and landowners, utilizing technologies like photovoltaics, battery storage, EV charging, and artificial intelligence.
Aspen Power's top competitors include Enel X, Longroad Energy and Recurrent Energy.
Aspen Power offers Solar Development, Project Financing, O&M and Project Optimization, Battery Storage, and EV Charging.
Aspen Power has made 1 acquisition, including Safari Energy.
Aspen Power has 8 investors. Key investors include MUFG Bank, J P Morgan, First Citizens Bank, The Carlyle Group, and Lombard Odier.