When was Aspen Power founded?

Aspen Power was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is Aspen Power located?

Aspen Power is headquartered in Dallas, United States.

How many employees does Aspen Power have?

As of Aug 31, 2026, the latest employee count at Aspen Power is 93.

Is Aspen Power a funded company?

Aspen Power is a funded company, having raised a total of $120M across 5 funding rounds to date. The company's 1st funding round was a $***** Series D round, raised on Feb 24, 2022.

When was the latest funding round of Aspen Power?

Aspen Power's latest funding was a $***** Conventional Debt round on Jan 12, 2026, with participation from 1 investor. Its primary sector is Solar Energy. In United States, the Solar Energy sector has seen $3.95B in funding in 2026 to date.

Where does Aspen Power rank among its competitors?

Aspen Power ranks 7th amongst 1194 active competitors, of which 63 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Origis Energy, which secured $900M in Jun, 2026.

Who are the top competitors of Aspen Power?

Aspen Power's top competitors include Enel X, Origis Energy and Hillman Group. Among them, Origis Energy secured the most recent funding round in June, 2026.

Aspen Power - 2026 Company Profile, Funding & Competitors

Company Details

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.

Key Metrics

Founded Year

2020

Location

Dallas, United States

Stage

Acquired

Total Funding

$120M in 5 rounds

Latest Funding Round

Conventional Debt, Jan 12, 2026, $*****

Investors

Ultra Capital & 8 more

Ranked

7^th among 1194 active competitors

Employee Count

93 as on Aug 31, 2026

Investment & Acquisitions

Safari Energy & 1 more

Similar Companies

ACCIONA & 2595 more

Exit Details

Acquired by The Carlyle Group (Nov 09, 2022)

View Aspen Power's full profile

Aspen Power got acquired by The Carlyle Group on Nov 09, 2022 at an acquisition amount of $*****.

Click here to take a look at Aspen Power's acquisition in detail

Aspen Power has raised a total funding of $120M over 5 rounds. Its first funding round was on Feb 24, 2022. Its latest funding round was a Conventional Debt round on Jan 12, 2026 for $*****. 1 investor participated in its latest round. Aspen Power has 9 institutional investors.

Here is the list of recent funding rounds of Aspen Power:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 12, 2026	5564656	Conventional Debt	8861641	3616459	8242807	6984935
Feb 19, 2025	7275998	Series D	9975907	5208938	6387196	The Carlyle Group
Jan 17, 2024	5578169	Conventional Debt	8076052	3438052	4059891	J P Morgan & 2 more

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View details of Aspen Power's funding rounds and investors

Aspen Power's employee count trend

Aspen Power has 93 employees as of Aug 26. Here is Aspen Power's employee count trend over the years:

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Top competitors of Aspen Power include Enel X, Origis Energy and Hillman Group. Here is the list of Top 10 competitors of Aspen Power, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Enel X 2001, Boston (United States), Acquired	Developer of utility-scale renewable energy projects	$168M	Foundation Capital, Glen Capital & 9 others	75/100
2nd	Origis Energy 2008, Miami (United States), Acquired	Utility Scale and commercial solar project developer	$149M	Nomura, CIT & 10 others	66/100
3rd	Hillman Group 1964, Cincinnati (United States), Public	Provider of hardware and home improvement products to retail markets	-	HarbourVest Partners, Rotunda Capital Partners ... & 8 others	62/100
4th	Recurrent Energy 2006, San Francisco (United States), Acquired	Developer of utility-scale solar projects	$585M	BlackRock, Prudential Capital Group & 11 others	62/100
5th	Longroad Energy 2016, San Francisco (United States), Series B	Developer of utility-scale wind and solar power projects	$500M	MEAG, IIP & 6 others	61/100
6th	Strata Clean Energy 2008, Durham (United States), Late Stage	Online platform offering solar-based energy storage solutions	$150M	Nomura, Blackstone	60/100
7th	Aspen Power 2020, Dallas (United States), Acquired	Provider of renewable energy asset development, construction, and operation services	$120M	Energy Impact Partners, First Citizens Bank ... & 7 others	60/100
8th	CleanChoice Energy 2011, Washington, DC (United States), Acquired	Renewable energy provider offering clean electricity solutions for a sustainable future	$16.6M	Husseini Group, Commonweal Ventures & 3 others	58/100
9th	Orbital Energy Group 1984, Houston (United States), Public	Developer of solar energy projects	-	Bank of America	57/100
10th	FTC Solar 2017, Austin (United States), Public	Developer of solar tracker systems and software for utility projects	-	-	57/100