Dispatch Energy Funding, Investors & Competitors

Dispatch Energy has raised $369M across 2 funding rounds, most recently a $160M undisclosed-stage round in June 2025.

Last Dispatch Energy funding round

$160M

Undisclosed stage · Jun 2025

Cumulative funding Dispatch Energy raised

$369M

across 2 funding rounds

Key investors in Dispatch Energy

Dispatch Energy Overview

About Dispatch Energy

Dispatch Energy is a distributed energy company that develops, owns, and operates on-site generation and storage assets, including solar, battery storage, and fuel cells, for commercial and industrial customers such as big-box retailers and hospitals. Founded in 2024, the company aims to cut energy costs, improve resiliency, and provide grid services as US power demand strains existing infrastructure. Dispatch has built a national portfolio of distributed generation projects and offers operations and maintenance services alongside its development and ownership business.


Founded

2024

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2B

Revenue model

Services

Dispatch Energy Funding History

Dispatch Energy has raised a total of $369M across 2 funding rounds.

Dispatch Energy's first fundraising round was a $209M undisclosed-stage round in September 2024. The most recent completed round was a $160M undisclosed-stage round in June 2025.

Dispatch Energy funding rounds

Dispatch Energy funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2025Undisclosed stageHamilton Lane (lead); Terramont Infrastructure Partners (lead)$160MDispatch Energy LLC is a leading provider of distributed energy solutions, offering reliable and cost-effective energy to commercial and industrial customers. The company focuses on generating cost savings, enhancing resiliency, and providing grid services to meet growing demand for on-site power generation amid U.S. power constraints. Terramont Infrastructure Partners committed $160 million as a capital commitment, with funds managed by Hamilton Lane participating as co-lead investors. The deal closed around June 12-16, 2025, and issued Convertible Preferred Shares. This investment brings Dispatch Energy's total capital commitments in 2025 from all sources to $360 million, enabling acceleration of dynamic solutions for customers. CEO Richard Dovere highlighted the partners' conviction in distributed energy's future, noting industries' need for power and distributed generation's essential role. Brent Burnett, Hamilton Lane's Head of Infrastructure and Real Assets, emphasized alignment with their thesis on innovative power infrastructure solutions. Terramont, a middle-market-focused North American infrastructure investment manager, targets critical economy companies with sustainability impact, including renewable power and sustainable energy. K&L Gates advised Terramont on the deal as corporate and fund counsel. Hamilton Lane, with approximately $958 billion in assets under management as of March 31, 2025, specializes in private markets strategies across sectors like infrastructure.
Sep 2024Undisclosed stage-$209MDispatch Energy, a provider of distributed energy solutions including generation and storage assets for commercial and industrial customers, secured over $209 million in capital commitments announced on January 9, 2024 (with some sources listing 2025), consisting of platform-based debt (about $200 million) and equity from employees, family offices, and institutional investors. This funding, completing a fundraise initiated in 2024, accelerates development, ownership, and operation of distributed generation facilities focused on cost savings, resiliency, and grid services. The company, founded in 2024 with $20 million seed and 15MW of solar facilities, had started construction of $28 million in fuel cell projects by Q4 2024 and planned $150 million deployment in generation and storage for 2025, plus acquiring 45MW of operating solar in Q1 2025. The team has managed over $1.5 billion in operating assets previously. In June 2025, Dispatch Energy received a $160 million capital commitment from Terramont Infrastructure Partners with Hamilton Lane as co-lead, bringing total 2025 commitments to $360 million. This supports ongoing expansion in solar, storage, fuel cells for clients like big box stores and hospitals, with over $100 million in fuel cell projects in pipeline. CEO Richard Dovere emphasized the capital's role in addressing power needs amid growing distributed generation demand. Advisors included White & Case, Tannenbaum Helpern Syracuse & Hirschtritt LLP, and Norton Rose Fulbright.

Who has invested in Dispatch Energy?

2 investors have backed Dispatch Energy across its funding rounds, including Hamilton Lane and Terramont Infrastructure Partners.

Lead investors include Hamilton Lane and Terramont Infrastructure Partners.


Dispatch Energy Investors

Investors in Dispatch Energy by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Dispatch Energy

Dispatch Energy has acquired 1 company to date.

Last acquisition by Dispatch Energy was on November 12th 2025. Dispatch Energy acquired Green Lantern Solar for undisclosed valuation.


Latest Acquisitions by Dispatch Energy

Green Lantern Solar
Description
Green Lantern Solar is a renewable energy developer and financier based in Berkeley, California, focusing on commercial rooftop solar installations and battery storage systems. The company funds and deploys projects for warehouses, offices, and retail centers in California, providing power purchase agreements and zero-upfront-cost options.
HQ CountryUnited States
HQ City
Montpelier, VT
Deal Date12 Nov 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Dispatch Energy Competitors

Dispatch Energy competitors include listed companies like Enbridge, Williams Companies, Enterprise Products and Energy Transfer, and private ones like Saudi Tabreed and TenneT Germany.

Public and private companies comparable to Dispatch Energy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
EnbridgeCanadaCanadaPublicly listed$47B$15B$109B3.6x
Williams CompaniesUnited StatesUnited StatesPublicly listed$12B$7.4B$88B9.8x
Enterprise ProductsUnited StatesUnited StatesPublicly listed$53B$9.6B$83B1.9x
Energy TransferUnited StatesUnited StatesPublicly listed$86B$15B$72B1.5x
Saudi TabreedSaudi ArabiaDammamPrivate--$833M-
TenneT GermanyGermanyBayreuthPrivate--$46B-

Dispatch Energy Public Comps

Dispatch Energy is still privately-owned, but its public comps include GE Vernova, Reliance Industries, Siemens Energy, Enbridge, Quanta Services, Williams Companies, Enterprise Products, Energy Transfer, Kinder Morgan and TC Energy.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
Reliance Industries$110B$20B1.9x1.7x10.4x10.3x
Siemens Energy$45B$4.5B2.7x2.4x27.3x16.1x
Enbridge$47B$15B4.2x3.6x13.3x13.3x
Quanta Services$28B$2.5B3.5x2.7x38.8x26.3x
Williams Companies$12B$7.4B10.1x9.8x16.4x14.6x
Enterprise Products$53B$9.6B2.2x1.9x12.3x11.0x
Energy Transfer$86B$15B1.9x1.5x10.5x8.8x

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Common questions about Dispatch Energy

When was Dispatch Energy founded?Dispatch Energy was founded in 2024.
Where is Dispatch Energy headquartered?Dispatch Energy is headquartered in New York City, NY, United States.
Is Dispatch Energy publicly listed?No, Dispatch Energy is a private, VC-backed company.
How much funding has Dispatch Energy raised?Dispatch Energy has raised $369M across 2 funding rounds.
What was Dispatch Energy's last funding round?Dispatch Energy's last funding round was a $160M undisclosed-stage round in June 2025, led by Hamilton Lane and Terramont Infrastructure Partners.
Who are Dispatch Energy's investors?Dispatch Energy's investors include Hamilton Lane and Terramont Infrastructure Partners.
Which companies are comparable to Dispatch Energy?Companies comparable to Dispatch Energy include Enbridge, Williams Companies, Enterprise Products, Energy Transfer, Saudi Tabreed and TenneT Germany.
How many companies has Dispatch Energy acquired?Dispatch Energy has acquired 1 company, including Green Lantern Solar.

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