About Recurrent Energy
Recurrent Energy is a company based in San Francisco (United States) founded in 2006 was acquired by Canadian Solar in February 2015.. Recurrent Energy has raised $585 million across 9 funding rounds from investors including Investec, Intesa Sanpaolo and Natixis. Recurrent Energy offers products and services including Solar Projects, Energy Storage Projects, and O&M Services. Recurrent Energy operates in a competitive market with competitors including Enel X, Longroad Energy, Origis Energy, Aspen Power and Hillman Group, among others.
- Headquarter San Francisco, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Recurrent Energy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$585 M (USD)
in 9 rounds
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Latest Funding Round
$415 M (USD), Debt – Conventional
Apr 30, 2025
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Investors
Investec
& 12 more
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Employee Count
Employee Count
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Acquired by
Canadian Solar
(Feb 02, 2015)
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Products & Services of Recurrent Energy
Recurrent Energy offers a comprehensive portfolio of products and services, including Solar Projects, Energy Storage Projects, and O&M Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Development and operation of large-scale solar energy projects worldwide.
Projects for battery systems to support flexible energy delivery.
Operation and maintenance for solar and storage projects globally.
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Software Development Team
23 people
Leadership Team
20 people
Product Management Team
15 people
Finance and Accounting
12 people
Legal and Compliance
10 people
Senior Team
9 people
Sales and Marketing
8 people
Manager Team
5 people
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Funding Insights of Recurrent Energy
Recurrent Energy has successfully raised a total of $585M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $415 million completed in April 2025. 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 Total Funding
- Total Rounds 9
- Last Round Debt – Conventional — $415.0M
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First Round
First Round
(22 Jul 2007)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Debt – Conventional - Recurrent Energy | Valuation |
investors |
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| Jul, 2024 | Amount | Debt – Conventional - Recurrent Energy | Valuation |
investors |
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| Apr, 2024 | Amount | Debt – Conventional - Recurrent Energy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Recurrent Energy
Recurrent Energy has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Investec, Intesa Sanpaolo and Natixis. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Finance and advisory services for infrastructure projects are provided.
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Founded Year | Domain | Location | |
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Sustainable investments are managed by this investment firm.
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Founded Year | Domain | Location | |
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Venture capital investments are managed in technology and healthcare sectors by this firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Recurrent Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Recurrent Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Recurrent Energy Comparisons
Competitors of Recurrent Energy
Recurrent Energy 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, Longroad Energy, Origis Energy, Aspen Power and Hillman Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Utility-scale renewable energy projects are developed by Enel X.
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| domain | founded_year | HQ Location |
Utility-scale wind and solar power projects are developed.
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| domain | founded_year | HQ Location |
Utility-scale and commercial solar projects are developed worldwide.
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| domain | founded_year | HQ Location |
Provider of renewable energy asset development, construction, and operation services
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| domain | founded_year | HQ Location |
Hardware and home improvement products are supplied to retail markets.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Recurrent Energy
Frequently Asked Questions about Recurrent Energy
When was Recurrent Energy founded?
Recurrent Energy was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is Recurrent Energy located?
Recurrent Energy is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Recurrent Energy a funded company?
Recurrent Energy is a funded company, having raised a total of $585M across 9 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $118.24M, raised on Jul 22, 2007.
What does Recurrent Energy do?
Recurrent Energy was founded in 2006 and is headquartered in San Francisco, United States. Operations focus on the renewable energy sector, where utility-scale and locally sited solar power systems are developed and owned. Services are provided through Power Purchase Agreements (PPAs) or Feed-in Tariffs (FiTs) to utility, commercial, and government customers across various geographies. Energy independence and predictable pricing are facilitated for clients.
Who are the top competitors of Recurrent Energy?
Recurrent Energy's top competitors include Enel X, Longroad Energy and Strata Clean Energy.
What products or services does Recurrent Energy offer?
Recurrent Energy offers Solar Projects, Energy Storage Projects, and O&M Services.
Who are Recurrent Energy's investors?
Recurrent Energy has 13 investors. Key investors include Investec, Intesa Sanpaolo, Natixis, Morgan Stanley, and Santander.
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