About sPower
sPower is a company based in Salt Lake City (United States) founded in 2012 was acquired by AES in February 2017.. sPower has raised $3.05 million across 6 funding rounds from investors including KeyBank, Rabobank and AES. sPower has completed 1 acquisition, including Tioga Energy. sPower operates in a competitive market with competitors including Octopus Energy, NextEra Energy, Duke Energy, Cypress Creek Renewables and EDP Renewables, among others.
- Headquarter Salt Lake City, United States
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Funding Insights of sPower
sPower has successfully raised a total of $3.05M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $498.7 million completed in September 2018. 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 6
- Last Round Debt – Conventional — $498.7M
-
First Round
First Round
(22 Aug 2014)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Debt – Conventional - sPower | Valuation |
investors |
|
| Feb, 2018 | Amount | Debt – Conventional - sPower | Valuation |
investors |
|
| Oct, 2016 | Amount | Debt – Conventional - sPower | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in sPower
sPower has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include KeyBank, Rabobank and AES. 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 |
|---|---|---|---|---|
|
Venture investments in systems, infrastructure, and applications for enterprise founders.
|
Founded Year | Domain | Location | |
|
Regional bank
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by sPower
sPower has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tioga Energy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Solar Independent Power Producer
|
2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - sPower
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spower Comparisons
Competitors of sPower
sPower 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. 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 bill management platform is provided for tracking and billing.
|
|
| domain | founded_year | HQ Location |
Developer of energy solutions
|
|
| domain | founded_year | HQ Location |
Renewable electricity is produced and distributed across multiple states.
|
|
| domain | founded_year | HQ Location |
Solar farms are owned, developed, and financed in the USA.
|
|
| domain | founded_year | HQ Location |
Generation of wind power
|
|
| domain | founded_year | HQ Location |
Provider of electricity and natural gas through solar energy
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Spower
Frequently Asked Questions about sPower
When was sPower founded?
sPower was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is sPower located?
sPower is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Who is the current CEO of sPower?
Ryan Creamer is the current CEO of sPower.
Is sPower a funded company?
sPower is a funded company, having raised a total of $3.05M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $786M, raised on Aug 22, 2014.
What does sPower do?
The company was founded in 2012 in Salt Lake City, United States, within the renewable energy sector. Solar projects are owned, developed, managed, and operated, with a focus on utility-scale initiatives in solar, wind, and other renewables. More than 150 projects are operational across the US and UK. As of November 2015, over 1.7 GW of projects were in the pipeline or under construction.
Who are the top competitors of sPower?
sPower's top competitors include Octopus Energy, NextEra Energy and EDP Renewables.
How many acquisitions has sPower made?
sPower has made 1 acquisition, including Tioga Energy.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.