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 Walnut Creek, California.

How many employees does Recurrent Energy have?

As of Aug 31, 2026, the latest employee count at Recurrent Energy is 840.

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 $***** Series A round, raised on Jul 22, 2007.

How much is Recurrent Energy worth?

The last known valuation of Recurrent Energy was $***** as of Jan 23, 2024.

When was the latest funding round of Recurrent Energy?

Recurrent Energy's latest funding was a $***** Conventional Debt round on Apr 30, 2025, with participation from 4 investors.

Where does Recurrent Energy rank among its competitors?

Recurrent Energy ranks 4th amongst 1185 active competitors, of which 61 are funded. It stands 1st 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 Recurrent Energy?

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

Recurrent Energy - 2026 Company Profile, Team, Funding & Competitors

Recurrent Energy is an acquired company based in San Francisco (United States), founded in 2006 by Donald Hutchison. It operates as a Developer of utility-scale solar projects. Recurrent Energy has raised $585M in funding from BlackRock, with last known valuation of $*****. The company has 1185 active competitors, including 61 funded and 96 that have exited. Its top competitors include companies like Enel X, Origis Energy and Hillman Group.

Company Details

Recurrent Energy provides solar power and develops and owns locally-sited solar power systems. The company offers their model via a Power Purchase Agreement (PPA) or Feed-in Tariffs (FiT). In return, their utility, commercial, and government customers achieve energy independence, predictable pricing, and enhanced sustainability.

Website: recurrentenergy.com
Registered Address: Walnut Creek, California

Key Metrics

Founded Year

2006

Location

San Francisco, United States

Stage

Acquired

Total Funding

$585M in 9 rounds

Latest Funding Round

Conventional Debt, Apr 30, 2025, $*****

Last Known Valuation

$***** as on Jan 23, 2024

Investors

BlackRock & 12 more

Ranked

4^th among 1185 active competitors

Employee Count

840 as on Aug 31, 2026

Similar Companies

ACCIONA & 2585 more

Exit Details

Acquired by Canadian Solar (Feb 02, 2015)

View Recurrent Energy's full profile

Recurrent Energy is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Recurrent Energy Inc. CIN: 20-5029358 , United States, Active		-	-	-
RECURRENT ENERGY DEVELOPMENT HOLDINGS, LLC CIN: 813582088 , United States, Active	Dec 26, 999	-	101 (As on Dec 31, 2018)	-

Recurrent Energy got acquired by Canadian Solar on Feb 02, 2015 at an acquisition amount of $*****.

Click here to take a look at Recurrent Energy's acquisition in detail

Recurrent Energy has raised a total funding of $585M over 9 rounds. Its first funding round was on Jul 22, 2007. Its latest funding round was a Conventional Debt round on Apr 30, 2025 for $*****. 4 investors participated in its latest round. Recurrent Energy has 13 institutional investors.

Here is the list of recent funding rounds of Recurrent Energy:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 30, 2025	8870576	Conventional Debt	1601269	8538804	2176491	9531996
Jul 24, 2024	8145889	Conventional Debt	8398175	3439501	1772627	European Investment Bank
Apr 03, 2024	5718482	Conventional Debt	1042423	5562160	8812953	Investec

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View details of Recurrent Energy's funding rounds and investors

The founders of Recurrent Energy is Donald Hutchison.

Here are the details of Recurrent Energy's key team members:

Donald Hutchison: Former Co-founder of Recurrent Energy.

View details of Recurrent Energy's Founder profiles and Board Members

Recurrent Energy's employee count trend

Recurrent Energy has 840 employees as of Aug 26. Here is Recurrent Energy's employee count trend over the years:

Employee count trend for Recurrent Energy

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Top competitors of Recurrent Energy include Enel X, Origis Energy and Hillman Group. Here is the list of Top 10 competitors of Recurrent Energy, 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	TriplePoint Capital, Nomura & 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, PenSam & 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	Ultra Capital, Energy Impact Partners & 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