About Element Power
Element Power is a company based in Portland (United States) founded in 2008 by Mike O Neill was acquired by Statkraft in October 2018. Element Power has raised $183 million across 3 funding rounds from investors including Statkraft, Capital Power and Hudson Clean Energy Partners. Element Power operates in a competitive market with competitors including Octopus Energy, NextEra Energy, Duke Energy, Cypress Creek Renewables and EDP Renewables, among others.
- Headquarter Portland, United States
- Founders Mike O Neill
- SectorsEnergy & Utilities
- Website elpower.com
- Social LinkedIn X
- Acquired by Statkraft (Oct 2018)
Funding Insights of Element Power
Element Power has successfully raised a total of $183M across 3 strategic funding rounds. 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.
- Total Funding $183M
- Total Rounds 3
- First Round $34.88M
(Mar 2011)
- Investors Count 1
All 3 funding rounds of Element Power with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2014 | – | Debt – Conventional | – | – | |
| Feb 2012 | $183M | Series D | – | – | – |
| Mar 2011 | $34.88M | Debt – Conventional | – | – | – |
3 investors in total: 3 institutional.
Investors in Element Power
Element Power has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Statkraft, Capital Power and Hudson Clean Energy Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sustainable investments are managed by this investment firm. | – | hudsoncep.com | Miami, United States | |
Renewable energy production services are provided by Statkraft. | 1895 | statkraft.com | Oslo, Norway | |
Provider of power generation facilities of energy sources | 2009 | capitalpower.com | Edmonton, Canada |
Investor details for Element Power
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Element Power
1 people are tracked at Element Power (1 in leadership).
| Name | Role | Group |
|---|---|---|
Mike O Neill | Co-Founder & CEO | Leadership |
Complete people profiles for Element Power
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Timeline of Element Power
5 dated milestones of Element Power across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Element Power is founded.
- Funding First funding round of $34.9M.
- Funding Latest funding round, Debt – Conventional,.
- Exit Acquired by Capital Power.
- Exit Acquired by Statkraft.
Competitors of Element Power
Element 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 Octopus Energy, NextEra Energy, Duke Energy, Cypress Creek Renewables and EDP Renewables, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| octopus.energy | 2015 | London, United Kingdom | $1.96B | 8,177 | Utility bill management platform is provided for tracking and billing. | |
| nexteraenergy.com | 1925 | Juno Beach, United States | – | 9,500 | Developer of energy solutions | |
| duke-energy.com | 1904 | Charlotte, United States | – | 27,037 | Renewable electricity is produced and distributed across multiple states. | |
| ccrenew.com | 2014 | Santa Monica, United States | $200M | 294 | Solar farms are owned, developed, and financed in the USA. | |
| edpr.com | 2007 | Madrid, Spain | – | 936 | Generation of wind power | |
| ameren.com | 1902 | St. Louis, United States | – | 18,641 | Provider of electricity and natural gas through solar energy | |
| siliconranch.com | 2010 | Nashville, United States | $2.39B | 115 | developer of solar power projects | |
| acciona-energia.com | 1997 | Madrid, Spain | $567M | – | Renewable energy is developed, constructed, and marketed globally. | |
| renew.com | 2011 | Gurugram, India | $2.04B | 4,019 | Utility-scale renewable energy generation and decarbonization solutions are provided. | |
| boralex.com | 1982 | Kingsey Falls, Canada | – | – | Developer of renewable energy projects |
Detailed competitors of Element Power
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Latest news on Element Power
Complete news archive for Element Power
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Similar companies to Element Power
10 companies that operate in the same segment as Element Power (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 374.18 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about Element Power
Element Power was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Element Power is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Mike O Neill is the current CEO of Element Power. They have also founded this company.
Element Power is a funded company, having raised a total of $183M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $34.88M, raised on Mar 2011.
Element Power was founded in 2008 and is headquartered in Portland, United States. Operations are centered on the renewable energy sector as an independent power producer. Wind and solar projects are developed, acquired, built, owned, and operated through a managed portfolio. More than 3.4 GW of modules have been sold to date, with activities spanning wind and solar power generation.
Element Power's top competitors include Octopus Energy, NextEra Energy and EDP Renewables.
Element Power has 3 investors. Key investors include Statkraft, Capital Power, and Hudson Clean Energy Partners.
Yes. Element Power was acquired by Statkraft in October 2018.