About Intersect Power
Intersect Power is a clean energy company that operates within the renewable energy sector. The company's main services include the development, ownership, and operation of large-scale clean energy resources, providing low-carbon electricity, fuels, and related products. These services primarily cater to customers in retail and wholesale energy markets. It was founded in 2016 and is based in Beaverton, Oregon.
Research containing Intersect Power
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Intersect Power in 3 CB Insights research briefs, most recently on Jul 12, 2022.
Latest Intersect Power News
Nov 19, 2023
2 minute read | November.15.2023 Intersect Power has announced the commercial operation of its Oberon Solar + Storage project in southern California, which will generate enough energy to power more than 207,000 homes a year. Orrick was lead counsel for Intersect Power. The Oberon project aligns with the priorities of the Inflation Reduction Act (IRA) by using American-made equipment and paying prevailing wages, the company said . “The Oberon project is much more than a new source of clean power for California. It is also a case study in how the clean energy industry can maximize project benefits by prioritizing domestic supply chains and union labor to ensure the rewards of the clean energy transition are felt by all Americans,” said Intersect Power CEO Sheldon Kimber. “This project demonstrates that Intersect continues to pioneer procurement standards for our industry that live up to the vision of the IRA and deliver transformative clean energy projects that move the needle on the deep decarbonization of our economy.” THE COMPANY Intersect Power is a clean energy company bringing innovative and scalable low-carbon solutions to its customers in global energy markets. It develops, owns and operates some of the world’s largest clean energy resources, providing low-carbon electricity, fuels and related products to customers for U.S. consumption and international export. Founded in 2016, Intersect Power is laser-focused on scalable, transformative clean energy projects that move the needle on deep decarbonization and redefine the scope of the clean energy industry by enabling new pathways between clean electricity and the broader economy. THE IMPACT The Oberon project – in Riverside County, California – generates 679 MWp/500 MWac of reliable solar energy and features 250 MW/1 GWh of co-located storage. The project used solar modules from Ohio and American-made structural steel. More than 930 skilled union jobs were created at peak construction. THE TEAM LEARN MORE
Intersect Power Frequently Asked Questions (FAQ)
When was Intersect Power founded?
Intersect Power was founded in 2016.
Where is Intersect Power's headquarters?
Intersect Power's headquarters is located at 9450 SW Gemini Drive, Beaverton.
What is Intersect Power's latest funding round?
Intersect Power's latest funding round is Line of Credit.
How much did Intersect Power raise?
Intersect Power raised a total of $1.359B.
Who are the investors of Intersect Power?
Investors of Intersect Power include HSBC, Nomura Holdings, First Citizens Bank, KY, Celtic Investment, Santander and 8 more.