About sPower
sPower is an Energy & Utilities company based in Salt Lake City (United States) founded in 2012, and was acquired by AES in February 2017. Utility-scale solar and wind projects are owned and developed. 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. Its chief executive, as recorded, is Ryan Creamer. Its focus areas include Energy, Wind Energy, Independent Power Producer and Utility. Its competitors include NextEra Energy, Duke Energy and Cypress Creek Renewables; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Salt Lake City, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website spower.com
- Social LinkedIn X
- Acquired by AES (Feb 2017)
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 $3.05M
- Total Rounds 6
- Last Round Debt – Conventional — $498.7M
- First Round $3.05M
(Aug 2014)
- Investors Count 8
All 6 funding rounds of sPower 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 2018 | $498.7M | Debt – Conventional | – | – | – |
| Feb 2018 | $421.4M | Debt – Conventional | – | – | – |
| Oct 2016 | $786M | Debt – Conventional | – | – | |
| Mar 2016 | $48M | Debt – Conventional | – | – | – |
| Apr 2015 | $168M | Debt – Conventional | – | – | |
| Aug 2014 | $3.05M | Series A | – | – | – |
10 investors in total: 10 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture investments in systems, infrastructure, and applications for enterprise founders. | next47.com | |||
Regional bank | 1849 | key.com | Cleveland, United States | |
| bankoncit.com | ||||
Cooperative bank offering loans and financial services to rural agribusiness and infrastructure. | 1989 | cobank.com | Greenwood Village, United States | |
Commercial banking services are provided by Rabobank from Utrecht, Netherlands. | 1972 | rabobank.com | Utrecht, Netherlands | |
Provides banking, financing, investment, and risk management services to businesses and individuals. | 2010 | nordlb.de | Hannover, Germany | |
Zions Bank provides private banking and wealth management services for high-net-worth individuals and families. | 1873 | zionsbank.com | Salt Lake City, United States | |
First Citizens Bank is recognized for providing personal and commercial banking services. | www.onewestbank.com | |||
Electric power is generated and distributed globally by AES. | 1981 | aes.com | Hong Kong, China | |
| aimco.alberta.ca |
Investor details for sPower
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People of sPower
10 people are tracked at sPower (5 in leadership, 1 in board & advisors, 4 in team).
| Name | Role | Group |
|---|---|---|
Ryan Creamer | CEO | Leadership |
Mike Belikoff | COO | Leadership |
David Shipley | CFO | Leadership |
Randy Corey | COO | Leadership |
Randall Corey | COO | Leadership |
J Steve Creamer | Executive Chairman | Board & advisors |
Malcolm Shivers | Land Maintenance | Team |
Bruce Gallagher | Construction Manager | Team |
Taylor Allred | Compliance Administrator | Team |
Sean Mcbride | General Counsel | Team |
Complete people profiles for sPower
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Investments & Acquisitions by sPower
sPower has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tioga Energy.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Solar Independent Power Producer | tiogaenergy.com | San Mateo, United States | 2007 | Jul 2013 | •••• |
Complete acquisition details for sPower
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Timeline of sPower
5 dated milestones of sPower across 6 years, from founding to its latest funding, stage changes and deals.
- Founded sPower is founded.
- Acquisition Acquires Tioga Energy.
- Funding First funding round of $3.0M.
- Exit Acquired by AES.
- Funding Latest funding round, Debt – Conventional, of $498.7M.
Competitors of sPower
sPower has 3 listed competitors in our database, 1 of them funded. They include NextEra Energy, Duke Energy and Cypress Creek Renewables.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 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. |
Detailed competitors of sPower
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Web traffic of sPower
Websites that share an audience with sPower (spower.com).
Websites whose visitors overlap most with sPower. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
solgeninc.com | solgeninc.com | 100% | – | ||
yourenergysolutions.com | yourenergysolutions.com | 93% | #9,943,947 | – | |
itpower.co.uk | itpower.co.uk | 91% | – | ||
biopowersystems.com | biopowersystems.com | 91% | – | ||
europeanenergyinnovation.eu | europeanenergyinnovation.eu | 90% | – |
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as sPower (Renewable & Sustainable Energy) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
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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Related news about Spower
Complete news archive for sPower
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Frequently Asked Questions about sPower
sPower was founded in 2012 and raised its 1st funding round 2 years after it was founded.
sPower is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Ryan Creamer is the CEO of sPower, as recorded in our data.
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 Series A of $3.05M, raised on Aug 2014.
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.
sPower's top competitors include NextEra Energy, Duke Energy and Cypress Creek Renewables.
sPower has made 1 acquisition, including Tioga Energy.
Yes. sPower was acquired by AES in February 2017.