3D
38 Degrees North
United States · Climate tech · Business services
A developer, owner and financing partner for community solar, battery storage and distributed renewable-energy projects.
Turning distributed-energy sites into operating assets
38 Degrees North develops projects itself and acquires development-stage or construction-ready assets through partnerships. Its work connects project development, financing, construction and ongoing ownership.
The company is active in community solar in states including New York, Illinois and Massachusetts. It also operates solar and battery projects serving commercial properties in southern California, where systems can reduce energy and demand charges.
Funding history
1 round · 1 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Credit facility | $260M | Apterra Infrastructure Capital — LeadNational Bank of Canada — LeadStifel — LeadAmalgamated Bank — ParticipantBankUnited — ParticipantFarmer Mac — ParticipantSiemens Financial Services — Participant |