Spruce Power - About the company
Spruce Power is an acquired company based in Houston (United States), founded in 2012. It operates as a Developer of solar energy projects. Spruce Power has raised an undisclosed amount in funding. The company has 1194 active competitors, including 63 funded and 96 that have exited. Its top competitors include companies like Enel X, Origis Energy and Hillman Group.
Company Details
- Website
- sprucepower.com
- Social
- Email ID
- *****@sprucepower.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2012
Location
Houston, United States
Stage
Acquired
Latest Funding Round
Investors
Ranked
17th among 1194 active competitors
Annual Revenue
$100M - $500M as on Dec 31, 2025
Employee Count
158 as on Aug 31, 2026
Exit Details
Acquired by XL Fleet Electrification (Sep 12, 2022)
Legal entities associated with Spruce Power
Spruce Power is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SPRUCE POWER HOLDING CORP CIN: 1772720 , United States, Active | $100M - $500M (As on Dec 31, 2025) | 142 (As on Dec 31, 2023) | - |
Spruce Power's acquisition details
Spruce Power got acquired by XL Fleet Electrification on Sep 12, 2022.
Click here to take a look at Spruce Power's acquisition in detail
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Spruce Power's funding and investors
Spruce Power has raised funding over 1 round. Its latest funding round was a Seed round on 2019 for $*****. 1 investor participated in its latest round. Spruce Power has 2 institutional investors.
Here is the list of recent funding rounds of Spruce Power:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
2019 | 2527 | Seed | 8603 | 6728 | 2913 | 6825 |
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Spruce Power's founders and board of directors
Founder? Claim ProfileSpruce Power's employee count trend
Spruce Power has 158 employees as of Aug 26. Here is Spruce Power's employee count trend over the years:
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Spruce Power's Competitors and alternates
Top competitors of Spruce Power include Enel X, Origis Energy and Hillman Group. Here is the list of Top 10 competitors of Spruce Power, ranked by Tracxn score:
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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 | 75/100 | |
2nd | Origis Energy 2008, Miami (United States), Acquired | Utility Scale and commercial solar project developer | $149M | 66/100 | |
3rd | Hillman Group 1964, Cincinnati (United States), Public | Provider of hardware and home improvement products to retail markets | - | 62/100 | |
4th | Recurrent Energy 2006, San Francisco (United States), Acquired | Developer of utility-scale solar projects | $585M | 62/100 | |
5th | Longroad Energy 2016, San Francisco (United States), Series B | Developer of utility-scale wind and solar power projects | $500M | 61/100 | |
6th |  Strata Clean Energy 2008, Durham (United States), Late Stage | Online platform offering solar-based energy storage solutions | $150M | 60/100 | |
7th |  Aspen Power 2020, Dallas (United States), Acquired | Provider of renewable energy asset development, construction, and operation services | $120M | 60/100 | |
8th | CleanChoice Energy 2011, Washington, DC (United States), Acquired | Renewable energy provider offering clean electricity solutions for a sustainable future | $16.6M | 58/100 | |
9th |  Orbital Energy Group 1984, Houston (United States), Public | Developer of solar energy projects | - | 57/100 | |
10th |  FTC Solar 2017, Austin (United States), Public | Developer of solar tracker systems and software for utility projects | - | - | 57/100 |
17th |  Spruce Power 2012, Houston (United States), Acquired | Developer of solar energy projects | - | 51/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Spruce Power's competitors? Click here to see the top ones
Spruce Power's Investments and acquisitions
Spruce Power has made no investments or acquisitions yet.
Reports related to Spruce Power
Here is the latest report on Spruce Power's sector:
News related to Spruce Power
Filter this listMedia has covered Spruce Power for a total of 9 events in the last 1 year, 3 of them have been about company updates and 1 about partnerships.
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Spruce Power Announces Company-Wide AI Transformation InitiativeStock Screener•Jun 24, 2026•Spruce Power
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Spruce Power Reports Fourth Quarter and Full-Year 2025 ResultsBusiness Wire•Mar 30, 2026•Spruce Power
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Spruce Power Partners with Treehouse to Expand into Home Battery StorageBusiness Wire•Oct 01, 2025•Spruce Power, Treehouse
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Spruce Power Streamlines Operations, Reducing Costs and Accelerating Path to Sustainable GrowthBusiness Wire•Sep 25, 2025•Spruce Power
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Spruce Power Wins Multi-Year Contract, Expanding Solar Services in North CarolinaBusiness Wire•Sep 04, 2025•Spruce Power
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