Vanguard Renewables Acquisition, Valuation, Funding & Investors

Amogy is a clean energy technology provider specializing in ammonia-to-power systems for hard-to-decarbonize sectors. Brooklyn-headquartered in New York, it employs patented ammonia cracking technology to produce hydrogen on-site for fuel cells, generating electricity without carbon emissions. The modular systems target maritime vessels, stationary power generation, and heavy industry, with demonstrations on tugboats and partnerships in Southeast Asia.

Fulcrum Bioenergy is a renewable fuels producer transforming municipal solid waste into sustainable transportation fuels like renewable diesel, jet fuel, and ethanol via a thermochemical process. Pleasanton-headquartered since its 2007 founding, the company operates the Sierra BioFuels Plant near Reno, Nevada, capable of processing 175,000 tons of waste annually into 10 million gallons of fuel. Fulcrum supplies low-carbon synthetic crude to refineries and has offtake agreements with BP, United Airlines, and Chevron for renewable jet fuel meeting ASTM standards.

Tree Energy Solutions is a green hydrogen producer deploying gigawatt-scale plants powered by solar PV and onshore wind in high-resource locations. Valencia, Spain-headquartered since 2021, it develops facilities in Spain, Australia, and Latin America, targeting industrial offtakers with pipeline-connected supply. Projects include the 1 GW Magallanes plant in Chile.

Canadian Solar Inc is a Canadian solar technology and renewable energy company. It is a manufacturer of solar photovoltaic modules, a provider of battery energy storage solutions, and a developer of utility-scale solar power and battery energy storage projects. The company is organized in two segments: Manufacturing segment, comprising CS PowerTech, which focuses on manufacturing and sales of solar products, battery energy storage products, and other power technology products for the U.S. market and CSI Solar, which serves all other world-wide markets; and Recurrent Energy segment, which focuses on solar power and battery storage project development, asset sales, power services, and electricity revenue from its operating portfolio. It derives maximum revenue from Manufacturing segment.

KPI Green Energy builds and runs solar, wind and hybrid power plants, selling electricity to utilities and to commercial and industrial users under captive models. It also does engineering and construction for third-party projects. Headquartered in Surat, Gujarat.

Koloma is a geologic hydrogen exploration company identifying naturally occurring hydrogen deposits using subsurface mapping and AI-driven analytics. Backed by investors including Breakthrough Energy Ventures, the Cambridge, Massachusetts-based firm, founded in 2022, targets reservoirs in the United States to supply clean fuel for power generation and industrial applications. Its proprietary datasets cover multiple basins with potential resources exceeding billions of cubic feet.

JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's products include Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific, and the Rest of the world.

NYAB AB is a construction services provider. It is engaged in green transition in the Nordics by providing engineering, construction, and maintenance services to public and private sector clients related to renewable energy and sustainable infrastructure. In addition to the special construction, its business focuses on carbon-neutral industrial and other industries' wind power projects. Geographically, it generates maximum revenue from Sweden and the rest from Finland.

Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's segments include: the Array legacy operating segment (Array Legacy Operations) and the STI Operations operating segment (STI Operations). It derives maximum revenue from the Array legacy operating segment. Its product is an integrated system of steel supports, electric motors, gearboxes, and electronic controllers referred to as a single-axis tracker that moves solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Geographically, the company's operations are in the United States, Australia, Spain, Brazil, and the rest of the world, with the United States deriving the majority of the revenue.

Renovate America is a California-headquartered provider of property-assessed clean energy financing for residential energy efficiency and water conservation upgrades. Through its HERO Program, available in over 40 states, homeowners access no-upfront-cost loans repaid via property tax assessments. The platform supports installations of solar panels, HVAC systems, and water-saving fixtures, generating billions in project financing since 2012. Renovate America partners with more than 500 municipalities, including Los Angeles County and San Diego, to deploy programs that reduce household energy use by up to 30 percent. Its proprietary software streamlines contractor approvals and homeowner applications nationwide.

Gradiant is a Boston-headquartered cleantech company developing water treatment solutions for industrial sectors including microelectronics, pharmaceuticals, food and beverage, lithium extraction, and renewable energy. Its Carrier Gas Enhanced Separation technology removes contaminants from wastewater, enabling zero liquid discharge compliance. Deployed in facilities across Asia, Europe, and North America, Gradiant serves clients like Samsung and PepsiCo with modular systems for ultrapure water production and resource recovery.

Palmetto is a New York City-headquartered clean energy company financing and installing solar panels, battery storage, EV chargers, and heat pumps for over 100,000 U.S. homes and businesses. Launched in 2017 from Charleston, South Carolina, it raised $1.5 billion in funding by 2023 and partners with retailers like Lowe's and wholesalers to distribute its financing platform nationwide. The firm integrates software for energy monitoring and offers leases with zero upfront costs.

SKIO Matrix is a Beijing-based clean energy firm specializing in electric vehicle customization, urban mobility networks, and mobile power grids. The company manufactures power batteries and operates China's largest electric vehicle service network. SKIO Matrix extends into network management and nationwide deployments for urban transportation upgrades.

West Holdings Corp is engaged in the solar power generation. The company generates solar power for municipalities, residential and industrial use. Its business activities are divided into different divisions including Stadtberg business, Solar power generation for municipalities, special high-pressure solar power generation, Industrial solar power generation, Residential solar power generation, O & M (operation and management), Sales of electricity and Esco Business. Stadtberg division provides consulting and operation support for infrastructure services centered on renewable energy. O & M division monitors the photovoltaic power plant and maintains the maximum amount of power generation. Its Esco division provides various energy-saving measures.

Chestnut Carbon is a developer of afforestation projects generating verifiable carbon removal credits in the United States. The company plants hardwood forests on marginal lands secured by conservation easements, using satellite imagery and AI for sequestration monitoring. Chestnut Carbon partners with landowners in Appalachia to restore ecosystems and sell Gold Standard-certified credits to corporations pursuing net-zero targets.

Reliance Power Ltd is an electric utility that constructs, develops, and operates power generation projects. Generation of power is its only operating segment and includes all of the firm's projects. Categorized as either operating, under construction, or under development, these projects generate electricity using thermal fuel sources or renewable resources. The company derives its revenue from the sale of energy, but support service agreements contribute as well.

Voltalia SA is an energy producer and service provider engaged in renewable electricity production from solar, wind, hydro, storage, and biomass energies. It develops, constructs, and operates renewable power plants and provides related services to external customers.