Origis Energy
Overview
Origis Energy, founded in 2008 and headquartered in Miami, Florida, is a prominent player in the renewable energy sector. As one of America's leading renewable energy and decarbonization solution platforms, Origis Energy is committed to accelerating the transition to a carbon-free future by implementing a wide array of sustainable solutions across the U.S. The company has seen substantial growth, raising $300 million in financing as of 2024, and employs over 200 people globally. Its leadership includes Vikas Anand as CEO, who took over from founder Guy Vanderhaegen, who now serves as Executive Chairman.
Recent Developments
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October 2024: Origis Energy developed a new project, Hope Solar + Storage in Mississippi, which involves 200 MW of solar capacity paired with 800 MWh of energy storage. This project is significant for TVA's growing solar portfolio, aiming for commercial operations by late 2028.
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August 2024: Origis announced a $71 million tax equity financing agreement with U.S. Bancorp to facilitate the development of the Rice Creek Solar Project in Florida. This project, intended to meet the energy demands of municipalities, underlines the company's strategic financial ventures.
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July 2024: Origis Energy's Escalante Solar project in New Mexico began commercial operations, providing 200 MW of clean energy. This project contributes to meeting the Energy Transition Act's requirements in New Mexico ahead of schedule.
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May 2024: Origis Energy in partnership with the Tennessee Valley Authority inaugurated the Golden Triangle II project in Mississippi, which includes 150 MW of solar power and 50 MW of battery storage. This project supports Meta's operations through TVA’s Green Invest program and represents significant steps towards green energy solutions.
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March 2024: Origis partnered with CloudMoyo to modernize its legacy systems, involving a significant digital transformation to improve data management and analysis.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2008 |
| Headquarters | Miami, Florida, USA |
| Founders | Guy Vanderhaegen |
| Revenue | $100.5 million annually (2024) |
| Profits | Not publicly disclosed |
| Key Investors | KKR, Antin Infrastructure Partners |
| Industry | Renewable Energy, Solar Power |
| Number of Employees | Over 200 as of 2024 |
Early History
Origis Energy began its journey in the solar energy sector in Europe, particularly focusing on Italy and Greece. The company was founded by Guy Vanderhaegen and initial European investors who identified market opportunities beyond Spain and Germany, which were popular at that time. By 2012, Origis expanded its operations to the United States, establishing its headquarters in Miami. This move was pivotal in positioning Origis Energy to tap into the growing U.S. market for photovoltaic (PV) plants. Early investments further facilitated the rapid expansion and scalable growth of Origis Energy’s capacity in both project development and financial backing for subsequent large-scale projects.
Company Profile and Achievements
Origis Energy has established itself as a significant operator in the renewable energy market. The company focuses on developing, constructing, and managing solar and energy storage projects, targeting both utility-scale and distributed generation solutions.
- 2009-2010: Expanded into Belgium and built a significant project portfolio in Slovakia.
- 2012: Entered the U.S. market with its headquarters in Miami, solidifying its position in North America.
- 2016: Successfully raised $100 million in growth capital, which fueled its expansion in solar energy, including a significant procurement agreement for solar modules.
- 2021: Antin Infrastructure Partners acquired a majority stake, providing the necessary capital to support large-scale operational expansion and further technology integration.
- 2024: The company secured $300 million in corporate financing from KKR, supporting its expansive pipeline of solar and storage projects across America.
Current Operations and Market Position
Origis Energy continues to expand its footprint with significant projects in the renewable energy sector. The company focuses on deploying sustainable energy solutions, including solar power, energy storage, and emerging options such as clean hydrogen. Through robust partnerships and significant financial backing, Origis Energy maintains a leading position in the U.S. market. With plans to expand its solar facilities significantly, Origis remains committed to achieving net-zero goals and increasing grid resiliency through innovative clean energy solutions and strategic collaborations like the partnership with Tennessee Valley Authority.
Origis Energy Headquarters
Origis Energy's headquarters are stationed in Miami, Florida. The location serves as a strategic base for overseeing operations across the United States, facilitating collaborations with various energy partners and maintaining its role as a national leader in renewable solutions.
Origis Energy Antin
Origis Energy is a significant portfolio company of Antin Infrastructure Partners, which acquired a majority stake in 2021. This relationship has provided Origis with a multi-billion-dollar capital injection and has accelerated its growth strategy and capability to deliver large-scale renewable projects.
Conclusion
Origis Energy plays a vital role in the renewable energy industry, contributing substantially to the transition towards a carbon-free future. With significant recent developments in both solar and energy storage projects and robust financial support from investors like KKR and Antin Infrastructure Partners, Origis Energy is well-positioned for continued expansion and impact. The company's strategic partnerships and commitment to innovation allow it to continue supporting and advancing net-zero energy solutions critical for sustainable development in the energy sector.