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gridliance.com

Founded Year

2014

Stage

Acquired | Acquired

Total Raised

$250M

Valuation

$0000 

About GridLiance

GridLiance is an independent electric transmission utility holding company. GridLiance partners with electric cooperatives, public power and renewable energy developers to plan for the future of the grid, invest in electric infrastructure and implement strategies that meet its partners' ownership, capital investment and operational goals.On September 29th, 2020, GridLiance was acquired by NextEra Energy at a valuation of $660M.

GridLiance Headquarter Location

201 E. John Carpenter Frwy Suite 900

Irving, Texas, 75062,

United States

469-718-7044

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Latest GridLiance News

NextEra Energy Transmission acquires GridLiance for $660m

Apr 1, 2021

1 April 2021 (Last Updated April 1st, 2021 17:30) US-based clean energy company NextEra Energy Transmission has acquired GridLiance Holdco and GridLiance GP (GridLiance) from affiliates of investment firm Blackstone. GridLiance owns 700 miles of high-voltage transmission lines. Credit: le_lo / Pixabay. Share Article US-based clean energy company NextEra Energy Transmission has acquired GridLiance Holdco and GridLiance GP (GridLiance) from affiliates of investment firm Blackstone. GridLiance owns around 700 miles of high-voltage transmission lines as well as related equipment with utility rates set by the Federal Energy Regulatory Commission (FERC). Its assets are located in three regional transmission organisations and in six states. The acquisition was closed for a consideration of almost $660m, including the assumption of debt. A subsidiary of NextEra Energy, NextEra Energy Transmission operates in California, New Hampshire and Texas. It currently has several projects under development across the US and Canada. NextEra Energy chairman and CEO Jim Robo said: “We are pleased to have completed the acquisition of GridLiance and welcome their team into the NextEra Energy family. “This acquisition furthers our goal of creating America’s leading competitive transmission company and is consistent with our strategy of adding high-quality regulated assets to our portfolio.”

  • When was GridLiance founded?

    GridLiance was founded in 2014.

  • Where is GridLiance's headquarters?

    GridLiance's headquarters is located at 201 E. John Carpenter Frwy, Irving.

  • What is GridLiance's latest funding round?

    GridLiance's latest funding round is Acquired.

  • How much did GridLiance raise?

    GridLiance raised a total of $250M.

  • Who are the investors of GridLiance?

    Investors of GridLiance include NextEra Energy, KeyCorp, CoBank, National Cooperative Services and Blackstone.

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