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Private Equity

Scaling the energy transition with differentiated capital

GDEV 2024 Energy and Impact Report
Download our report to learn about our mission, team, and contributions to the sustainable infrastructure landscape.

Hands-on management of sustainable infrastructure businesses

GDEV makes private equity investments in middle market sustainable infrastructure businesses. The GDEV team leverages deep experience in project development, structured finance, and operations to identify best-in-class management teams and help them navigate periods of significant growth and change.

GDEV has raised and deployed almost $400 million across over a dozen high growth companies. GDEV’s investments include a wide range of sustainable infrastructure and renewable energy technologies, with a focus on distributed energy resources (DERs). Our sector expertise includes solar power, battery storage, hydroelectric generation, energy efficiency, electrified transport, and sustainable fuels.

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Business building

GDEV drives the growth of next-generation real asset platforms through active collaboration with high caliber management teams.

Extensive insight

We leverage cross-functional insight from within Greenbacker and our affiliated operating companies to inform strategic decision-making.

Deep resources & network

GDEV is a sector specialist with access to an extensive network of entrepreneurs, advisors, investors, and financial partners.

Market opportunity

Limited capital availability in the lower middle market has created operational white space for sustainable infrastructure companies to grow.

Market innovation through proven technologies

GDEV’s portfolio companies participate in innovative business models that leverage decades-old technologies.

Growing need for resilient power

U.S. power demand is rising rapidly,1 increasing the need for flexible, sustainable infrastructure solutions that can help meet long-term energy needs.

$
643
M
CAPEX INVESTED

$20.4 BILLION PIPELINE CAPEX

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12
portfolio companies

active/unrealized investments

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10
Team Members

dedicated private equity professionals

A group photo of the Greenbacker team
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Explore our portfolio

Our work has supported a broad mix of renewable energy and sustainable infrastructure companies that contribute to the evolution of energy production and resource management.
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3V Infrastructure

Strategic investment in 3V Infrastructure, a developer, owner, and operator of level-2 EV charging projects located at long-dwell locations across the U.S.
Year
2024
Fund
GDEV II
Sector
EV Charging
Status
Unrealized

CEP Solar

Strategic Investment in CEP Solar, a developer of distributed and utility-scale solar and storage projects in Virginia.
Year
2021
Fund
GDEV I
Sector
Solar, Battery Storage
Status
Realized

Chaberton Energy

Strategic investment in Chaberton Energy, a developer of solar photovoltaic projects in the Mid-Atlantic region.
Year
2020
Fund
GDEV I
Sector
Solar, Battery Storage
Status
Partially Realized

Encore Renewable Energy

Strategic investment in Encore Renewable Energy, a developer of solar photovoltaic and battery storage projects in the Northeast.
Year
2020
Fund
GDEV I
Sector
Solar, Battery Storage
Status
Realized

Lightshift Energy

Strategic investment in Lightshift Energy, a developer of battery storage assets in the Northeast and Mid-Atlantic regions.
Year
2021
Fund
GDEV I and GDEV II
Sector
Storage
Status
Unrealized

Nexus PMG

Strategic investment in Nexus PMG, an industry-leading advisor to low-carbon infrastructure investors and a developer and owner of waste-to-value projects across north America, including renewable natural gas and sustainable fuel projects.
Year
2023
Fund
GDEV II
Sector
Waste-to-Value, Biofuels
Status
Unrealized

Noria Energy

Strategic investment in Noria Energy, a California-based developer of behind-the-meter floating and ground-mounted solar project.
Year
2022
Fund
GDEV I
Sector
Solar, Floating Solar
Status
Unrealized

Peak Power, Inc.

Strategic investment in Peak Power, Inc., a battery storage developer and a multi-asset software platform focused on commercial & industrial customers across the US and Canada.
Year
2023
Fund
GDEV II
Sector
Battery Storage, Multi-Asset Optimization
Status
Unrealized

Relevate Power

Strategic investment in Relevate Power, an owner-operator of small hydroelectric generating facilities in the Northeast and other select markets; Relevate Power is the successor entity to Clear Energy Renewables which acquired Dichotomy Power in May 2023.
Year
2020, 2023
Fund
GDEV I
Sector
Hydroelectric
Status
Unrealized

Renew Energy Partners

Strategic investment in Renew Energy Partners, a distributed generation, microgrid, and energy efficiency company helping companies across the US.
Year
2022
Fund
GDEV I
Sector
Energy Efficiency, Microgrids
Status
Unrealized

Revolv

Strategic Investment in Revolv Global Inc. a company focused on transitioning conventional corporate small and medium sized fleets to electric.
Year
2022
Fund
GDEV II
Sector
Electric Fleets
Status
Unrealized

Sunrock Distributed Generation

Strategic investment in Sunrock Distributed Generation, a developer, owner and finance partner for commercial solar and storage projects across the U.S.
Year
2022
Fund
GDEV I
Sector
Storage, Battery Storage
Status
Unrealized

Sunstone Credit Inc.

Strategic investment in Sunstone Credit Inc., a solar loan financing platform focused on small- and medium-sized businesses across the U.S.
Year
2022
Fund
GDEV II
Sector
Solar, Battery Storage
Status
Unrealized

Telyon

Strategic investment in Telyon, a developer of solar, battery storage, and EV charging projects located on commercial and industrial sites across the U.S.
Year
2023
Fund
GDEV II
Sector
Solar, Battery Storage, EV Charging
Status
Unrealized
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As we continue our mission of scaling energy businesses and advancing critical infrastructure, our focus remains on delivering long-term value for our investors and partners.
Ben Baker's portrait
Benjamin Baker
Managing Partner, GDEV Management

Meet our investment team

Alexander Worthy
Alexander Worthy
Principal, GDEV
LinkedIn
Daniel Drucker
Daniel Drucker
Fund Controller, GDEV
LinkedIn
Evan Sherman
Evan Sherman
SVP, Head of Acquisitions
LinkedIn
Jerome Briens
Jerome Briens
VP, GDEV
LinkedIn
Quinn Pasloske
Quinn Pasloske
Managing Director, GDEV
LinkedIn
Rushabh Nahar
Rushabh Nahar
AVP, GDEV
LinkedIn
Thomas Obermeier
Thomas Obermeier
AVP, GDEV
LinkedIn
Trixie Blair
Trixie Blair
Principal, GDEV
LinkedIn
Vincent Chu
Vincent Chu
Associate
LinkedIn
Dan de Boer
Dan de Boer
Interim CEO
LinkedIn
Carl Weatherley-White
Carl Weatherley-White
Interim Chief Financial Officer
LinkedIn
David Sher
David Sher
President of GCM
LinkedIn
Matt Murphy
Matt Murphy
Chief Operations Officer
LinkedIn
Debi Lee
Debi Lee
Chief People Officer
LinkedIn
Claude Vuillieme
Claude Vuillieme
General Counsel | Chief Compliance Officer
LinkedIn
Brandon Praznik
Brandon Praznik
EVP, Business Development
LinkedIn
Benjamin Baker
Benjamin Baker
Managing Partner, GDEV
LinkedIn
David Zackowitz
David Zackowitz
Head of Real Estate
LinkedIn
Dan de Boer
Dan de Boer
Interim CEO
LinkedIn
Carl Weatherley-White
Carl Weatherley-White
Interim Chief Financial Officer
LinkedIn
Benjamin Baker
Benjamin Baker
Managing Partner, GDEV
LinkedIn
Youssef Bargach
Youssef Bargach
AVP, GDEV
LinkedIn
Trixie Blair
Trixie Blair
Principal, GDEV
LinkedIn
Jerome Briens
Jerome Briens
VP, GDEV
LinkedIn
Daniel Drucker
Daniel Drucker
Fund Controller, GDEV
LinkedIn
Rushabh Nahar
Rushabh Nahar
AVP, GDEV
LinkedIn
Thomas Obermeier
Thomas Obermeier
AVP, GDEV
LinkedIn
Quinn Pasloske
Quinn Pasloske
Managing Director, GDEV
LinkedIn
Alexander Worthy
Alexander Worthy
Principal, GDEV
LinkedIn
Vincent Chu
Vincent Chu
Associate
LinkedIn
Evan Sherman
Evan Sherman
SVP, Head of Acquisitions
LinkedIn
David Zackowitz
David Zackowitz
Head of Real Estate
LinkedIn
No items found.

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Our approach to energy transition investing

Discover how Greenbacker's 360-degree insight harnesses opportunities across the energy transition.
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Greenbacker’s competitive advantages across the energy transition landscape allows us to deliver value for our individual and institutional investors.
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