GROWTH EQUITY
The CleanSource Growth Equity Fund invests $5 - $15 million in high growth manufacturing, distribution, and services companies focused on Energy Performance - energy efficiency, energy management, and clean energy. CleanSource invests in business models with market accepted products and services and proven technologies.
Sectors of Focus:
- Energy efficiency products and services
- Energy management, smart grid, and energy storage
- Clean energy generation companies, using technologies that reduce fossil fuels and carbon emissions
Investment Criteria:
- U.S. based companies
- Enterprise value between $5 - $50 million
- Established revenue
- Profitable or near-term cash flow breakeven
- High growth rate and strong gross margins
Use of Proceeds:
- Growth investments
- Expansion capital
- Acquisition funding
- Shareholder liquidity
- Buyouts
Contacts: Greg Montgomery, Blake Clifton, Scott Pearson, Shannon Smith
COMMUNITY ENERGY
CleanSource Community Energy (CSCE) enables the participation of low-income communities in the clean energy economy. CSCE uses New Markets Tax Credits financing to augment private capital investments in qualified renewable energy and energy efficiency projects that would otherwise be difficult or impossible to finance. CSCE works closely with key low-income community stakeholders to provide investments that generate wealth creation for low-income residents, quality green collar jobs, and a healthier and sustainable environment.
The U.S. Treasury Department has certified CSCE as a Community Development Entity focused on the Southeast and Gulf Coast region which includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
Investment Criteria:
- Target Sectors: Qualifying Active Low-Income Community Businesses focused on sectors consistent with APC’s Growth Equity and Project Equity initiatives
- Total Transaction Size: $5 million or greater
The Community Energy Fund has an additional Board of Advisors which focuses on how renewable energy and energy efficiency can meet needs within low-income communities.
Majora Carter
Majora Carter Group
Mike Godwin
Ambling Companies
Rick Larson
Natural Capital Investment Fund
Jim Moore
Kensington Capital
Martha Jane Murray
Clinton Climate Initiative
Charles Newcomer
Community Affordable Housing Equity Corporation
Ben Taube
Southeast Energy Efficiency Alliance
Debbie Warren
Community Resource Group
Sam Whitt
Make It Right Foundation
Contact: Greg Montgomery, Scott Pearson
PROJECT EQUITY AND DEVELOPMENT
Abundant Power Capital invests in selected projects along with a proprietary group of institutional investors. APC is pursuing these investments in anticipation of raising the CleanSource Project Fund.
Target Project Sectors:
Renewable Energy Projects
- Biomass (power generation, pellets)
- Solar (PV and thermal)
- Methane CHP (Ag waste, landfill, wastewater)
- Concentrated Solar Power, Wind, Geothermal and Small Hydro
Energy Efficiency Projects
- Lower Consumption Retrofits
- CHP
- Emerging Aggregation Models
Investment Criteria:
- Transaction Stage: late-stage development assets prior to or at construction commencement (site secured, permitting complete, essential studies completed, PPA and feedstock agreements in place, etc.)
- Transaction Size: $10 - $200 million
- APC Investment Size: $5 - $50 million
APC also selectively co-develops projects with companies with distinct technologies or service approaches.
STRATEGIC PARTNERS
Abundant Power has strategic partnerships with best of class companies involved in financing, designing and operating renewable energy and GHG emission reductions projects, including:
TAX EQUITY PARTNER
PathFinder
Founded in 2001, Pathfinder Capital Advisors and Pathfinder Renewables have offices in Charlotte, Washington D.C. and New York. Pathfinder focuses on energy and power transactions and raises tax equity capital for the renewable and clean energy sectors (wind, solar, geothermal and biomass). Principals are investment bankers and legal professionals well grounded in the energy and power sectors with strong tax backgrounds.
OPERATIONS AND MAINTENACE (O&M) PARTNER
P3 Power Plant Professionals, LLC
P3 has over 140 years of industry experience encompassing biomass, coal, gas and oil fired technologies. They have worked in the plants, managed EPC projects and managed businesses. As due-diligence consultants, they bring an understanding of the environmental, regulatory, financial and operational complexities associated with today’s energy markets. With over 16,000MW of O&M experience under their belt, P3 brings the capability to run plants efficiently and effectively while reducing downtime and maintaining safety and environmental compliance.
Contact: Greg Montgomery, Shannon Smith
ABUNDANT POWER CAPITAL
Abundant Power Capital (APC) was formed to provide fund management services to public and private funds under the CleanSource name. These funds deploy capital into the rapidly emerging clean energy economy through investments in renewable energy, energy efficiency and greenhouse gas and fossil fuel reduction businesses and projects. APC partners with best of class management teams and project developers throughout the United States with a particular focus on the Southeast and Gulf Coast region.
APC has a dedicated team of investment professionals with a diverse set of backgrounds in portfolio management, corporate finance, project finance, private equity, operations, project development, legal, and engineering. Our collective experience positions APC to source quality investment opportunities for the CleanSource Funds and successfully navigate regulatory, technology, financing, risk management and tax credit issues typical of clean energy transactions.