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Spruce Power logo — Spruce Power is a leading owner & operator of residential #s...

Spruce Power

Spruce Power is a leading owner & operator of residential #solarenergy in the North America.

Founded 2012 United States Houston, United States 158 employees Private Equity Total: $508.40M Energy, Renewable Energy +1

General Information

Company Name Spruce Power
Founded Year 2012
Location United States Houston, United States
Employees 158
Industries Energy, Renewable Energy, Energy Efficiency
Funding Stage Private Equity
Social

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About Spruce Power

Spruce Power is a leading owner and operator of distributed generation residential solar assets in North America. With a strong focus on Energy, Renewable Energy, and Energy Efficiency industries, the company has made significant strides in the clean energy sector since its founding in 2015. Boasting more than 60,000 PV systems and over 330 MW of installed capacity, Spruce Power offers a comprehensive, end-to-end servicing solution for its customers. Their commitment to sustainable energy solutions aligns with the escalating demand for renewable energy sources. The company recently secured a noteworthy $50.00M Private Equity Round investment led by HPS Investment Partners on 16 May 2019, highlighting its potential for growth and appeal to venture capital firms seeking sustainable energy investments. For more information, visit sprucepower.com.

Business keywords: solar energy, residential solar, financing, home improvements, consumer lending, distributed generation, PV systems, home energy management, power, water conservation, home batteries, EV charging, solar software

Funding Rounds & Investors (6)

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Funding Stage Amount Investors Lead Investors Date
Private Equity Round $50.00M 1
HPS Investment Partners
16 May 2019
Debt Financing $208.00M 2
Silicon Valley Bank, ING Group
01 May 2019
Venture Round $25.00M 1
HPS Investment Partners
29 Jun 2017
Debt Financing $105.40M 2
Investec Emerging Companies, Silicon Valley Bank
22 Dec 2016
Series A Undisclosed 2
ClearSky, SandHill Angels
19 Aug 2016
Debt Financing $120.00M 1
Investec Emerging Companies
24 May 2016

Spruce Power Alternatives & Competitors

View All Alternatives
Spruce Power vs
TerraForm Power
TerraForm Power United States

TerraForm Power is a leading owner, operator and developer of utility-scale wind, solar and BESS ass...

66 employees
Energy, Renewable Energy
Spruce Power vs

Mosaic makes affordable financing options available to qualifying homeowners.

Private Equity
195 employees
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Spruce Power vs
Leap
Leap United States

The leading platform for building and scaling virtual power plants.

111 employees
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FAQ About Spruce Power

Spruce Power is a leading owner & operator of residential #solarenergy in the North America.
Spruce Power was founded in 2012.
Spruce Power is headquartered in Houston, United States.
Spruce Power operates in Energy, Renewable Energy and Energy Efficiency. Its work centres on solar energy, residential solar, financing and home improvements.
Spruce Power has approximately 158 employees.
Spruce Power has completed 6 funding rounds, raising a total of $508.40M. The latest funding stage is Private Equity.
Top alternatives and competitors to Spruce Power include TerraForm Power, Mosaic (joinmosaic.com), Leap, U.S. Light Energy, dcbel. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Spruce Power and TerraForm Power are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Spruce Power, https://bouncewatch.com/company/spruce-power, updated 5 January 2025. When citing, please name BounceWatch and link this page.

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