Evergreen Renewables is a technology company.
Evergreen Renewables has raised $6.0M across 1 funding round.
Evergreen Renewables has raised $6.0M in total across 1 funding round.
Evergreen Renewables has raised $6.0M in total across 1 funding round.
Evergreen Renewables's investors include Afore Capital, Basecamp Fund, Cedar Capital Group, Convective Capital, Curie.Bio, Designer Fund, Founder Collective, Gradient Ventures, Liquid 2 Ventures, MZ, Operator Partners, Scale Venture Partners.
Evergreen Renewables is a solar energy solutions provider specializing in community solar and utility-scale solar projects across the United States. Headquartered in Irvine, California, with offices in Vienna, Virginia, the company delivers end-to-end EPC (Engineering, Procurement, and Construction) services, including project development, design, construction, asset management, and maintenance, serving utilities, commercial clients, and communities seeking sustainable energy.[1][2][3] With over 2 gigawatts (GW) of ground-mounted photovoltaic systems installed across more than 400 projects in over 30 states, Evergreen emphasizes safety, innovation, cost control, and client returns, positioning it as a top national solar installer.[1][2][3]
The company solves key challenges in renewable energy deployment by offering vertically integrated solutions that minimize risks, ensure on-time and on-budget delivery, and optimize performance for large-scale installations ranging from 1 MW to over 100 MW.[1][3] Its growth momentum is evident in scaling from 1 GW to over 2 GW of capacity, driven by repeat customers and proven methods in quality control and project execution.[2][3][4]
Evergreen Renewables was founded in 2010 or 2011, starting with its headquarters in Vienna, Virginia (also referred to as Tysons Corner). The company emerged from a team of solar industry professionals aiming to provide high-quality, innovative services to maximize project ROI and achieve the lowest levelized cost of energy (LCOE).[1][2][3] Key early focus included pioneering community and utility-scale solar, with a vertically integrated approach from origination and permitting to construction and ongoing maintenance.[1]
Pivotal moments include rapid expansion to over 400 projects and 2 GW of installed capacity, demonstrating consistent growth and trust from repeat clients. This evolution reflects a commitment to excellence in renewables, evolving from initial development services to comprehensive EPC and asset management nationwide.[2][3]
Evergreen Renewables rides the surging demand for solar energy amid global decarbonization efforts, U.S. clean energy incentives like the Inflation Reduction Act, and corporate sustainability goals. Its focus on community and utility-scale projects addresses grid-scale renewable integration, supporting the trend toward distributed energy resources and energy storage.[1][2] Timing is ideal with solar costs plummeting and policy tailwinds accelerating deployment; market forces like rising electricity demand from electrification and data centers favor scalable EPC providers.[3]
The company influences the ecosystem by enabling gigawatt-scale PV rollout, fostering community solar access, and delivering reliable infrastructure that utilities and developers rely on—accelerating the shift to renewables and reducing reliance on fossil fuels.[1][2]
Evergreen Renewables is poised for continued expansion, leveraging its 2 GW milestone to pursue larger utility-scale and energy storage integrations amid booming U.S. solar demand. Trends like AI-driven grid optimization, advanced bifacial panels, and federal tax credits will shape its trajectory, potentially pushing capacity toward 5 GW+ in the next five years.[2][3] Its influence may evolve by deepening partnerships with hyperscalers and utilities, solidifying its role as a go-to EPC leader in a net-zero future—building on its foundation of innovation and execution to power America's energy transition.[1]
Evergreen Renewables has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Seed in March 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2023 | $6.0M Seed | Afore Capital, Basecamp Fund, Cedar Capital Group, Convective Capital, Curie.Bio, Designer Fund, Founder Collective, Gradient Ventures, Liquid 2 Ventures, MZ, Operator Partners, Scale Venture Partners, Soma Capital, Stellar Capital, Tribe Capital, Two Sigma Ventures, WorkLife Ventures, Ben Porterfield, Larry Gadea, Michael Ma |