Leyline to fund multi-GW pipeline of solar, storage start-up Accelergen

• Leyline Renewable Capital is offering roughly USD 30 million (EUR 27.7 m) in capital funding to Accelergen Energy LLC in order to allow the greenfield programmer to carry out a multi-gigawatt pipe of solar as well as storage space projects in the US.

These projects lie across several US markets and also will be developed over the following 4 years, Leyline stated on Wednesday. Details concerning the particular projects were not available.

Accelergen will certainly receive the funds from Leyline Growth Capital. In a separate statement, the start-up claimed it will certainly allocate a portion of the total sum to develop a group of grid and also market analytics, project development, design and money specialists.

Austin, Texas-based Accelergen was set up in late 2020 to work on the development of utility-scale solar, solar plus storage, and standalone energy storage space projects. The company was founded by renewable energy veterans Thomas Houle, handling supervisor of Macquarie's Environment-friendly Investment Group (GIG), and Josh Skogen, former elderly vice head of state of project development at sPower.