The electric power industry in the US plays a crucial role in generating and delivering electricity to homes and businesses. It consists of various companies, from large traditional utility providers to innovative startups focusing on renewables, energy storage, and distribution technologies. Over the years, the industry has seen transformative changes, especially with a growing emphasis on clean energy solutions and sustainability. Trends such as the push for net-zero emissions, electric vehicles, and smart grid technologies are reshaping how electricity is produced and consumed. With a clear direction toward decarbonization, future advancements promise efficiency and resilience in energy systems.


The investors featured in this list represent a mix of venture capital and private equity firms, government entities, and nonprofit organizations. They operate primarily from major hubs like New York, San Francisco, and Washington, D.C. Ranging in size from dynamic startups to established giants, these investors have made a substantial impact by funneling over 1,000 deals in the electric power sector in 2024. Established between 1956 and 2015, they are unified by a mission to accelerate clean energy technologies and support the industry's transition towards sustainability.


Top 12 Electric Power Investors in the US


1. U.S. Department of Energy (DOE)

  • Website: energy.gov
  • Type: Corporate
  • Headquarters: Washington, D.C., District Of Columbia, United States (USA)
  • Founded year: 1977
  • Headcount: 10001+
  • Number of deals in 2024: 597
  • LinkedIn: u-s--department-of-energy

The U.S. Department of Energy (DOE) is a public entity established in 1977, located in Washington, D.C. It is responsible for overseeing national energy policy, energy production, and nuclear power research. The DOE serves various stakeholders, including government entities and the public, by providing guidance on energy efficiency, funding opportunities, and conducting research to address energy challenges. In recent years, the DOE has been involved in several significant transactions within the electric power sector, including grants to FirstEnergy Corp. for $50 million and Xcel Energy for $100 million and $70 million in 2023. These grants are aimed at supporting projects that enhance energy efficiency and promote innovation in the electric power industry, demonstrating the DOE's active role as an investor in this field.


2. Y Combinator

  • Website: ycombinator.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2005
  • Headcount: 51-200
  • Number of deals in 2024: 802
  • LinkedIn: y-combinator

Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It provides funding and mentorship to early-stage technology companies, helping entrepreneurs launch and grow their businesses through structured programs and resources like the Startup School. Y Combinator has successfully launched over 4,000 startups, establishing itself as a key player in the technology startup ecosystem. Among its notable investments in the electric power sector are Helion Energy, which focuses on nuclear fusion technology, and Oolu, a solar energy startup operating in Senegal and Mali. These investments reflect Y Combinator's engagement with innovative energy solutions, highlighting its role in advancing the electric power industry.


3. IFC - International Finance Corporation

  • Website: ifc.org
  • Type: Venture Capital
  • Headquarters: Washington, D.C., District Of Columbia, United States (USA)
  • Founded year: 1956
  • Headcount: 1001-5000
  • Number of deals in 2024: 107
  • LinkedIn: ifclinkedin

The International Finance Corporation (IFC) is a not-for-profit organization established in 1956, headquartered in Washington, D.C. It focuses on private sector development in emerging markets by providing investment, advisory, and asset management services to businesses and financial institutions. IFC aims to help these entities access capital and expertise to foster economic growth and address challenges such as poverty. In the electric power sector, IFC has been involved in several significant transactions, including providing post-IPO debt financing to major companies like Iberdrola, which raised $186 million, Neoenergia with $161 million, Engie with $552 million, ACCIONA with $600 million, and Masdar with $159 million. These investments highlight IFC's commitment to supporting sustainable energy initiatives and its active role in the electric power industry.


4. Kkr

  • Website: kkr.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1976
  • Headcount: 1001-5000
  • Number of deals in 2024: 74
  • LinkedIn: kkr

KKR & Co. Inc. is a prominent investment firm based in New York, specializing in private equity, credit, infrastructure, and real estate. Founded in 1976, KKR provides asset management solutions to institutional investors and individual clients, helping them navigate complex investment landscapes. The firm has made significant strides in the electric power sector, notably through its acquisition of ContourGlobal for £1.75 billion, which operates 138 thermal and renewable power plants across 20 countries. This acquisition aligns with KKR's strategy to support energy transition and achieve net zero commitments. Additionally, KKR acquired an 11.9% stake in First Gen Corporation, a major Philippine power producer, further solidifying its presence in the electric power industry. KKR's diverse investment portfolio and strategic focus on energy-related companies highlight its commitment to the electric power sector.


5. Elemental Impact


Elemental Impact is a not-for-profit organization based in Honolulu, Hawaii, founded in 2012. Their mission is to scale climate technologies with a strong emphasis on community impact. They provide funding opportunities, community engagement strategies, and educational resources to support climate technology companies and local governments in deploying sustainable solutions. Notably, Elemental Impact has been involved in several transactions relevant to the electric power sector, including investments in Shifted Energy, which focuses on energy management solutions, and Stem, a company that raised $27 million in Series B funding for energy storage and management systems. Additionally, they supported Blue Planet Energy Systems LLC, which is involved in renewable energy solutions. These transactions highlight Elemental Impact's commitment to fostering advancements in the electric power industry.


6. Breakthrough Energy


Breakthrough Energy is a not-for-profit organization founded in 2015, based in Kirkland, Washington, dedicated to accelerating the transition to a net-zero economy. They support innovative technologies and advocate for policies that promote clean energy solutions. Their clientele includes businesses and organizations in the clean energy sector seeking funding, research support, and policy advocacy to address climate change. Notably, Breakthrough Energy has been involved in significant transactions within the electric power context, such as a $20 million grant to Xcel Energy aimed at enhancing clean energy initiatives. They have also participated in multiple funding rounds for Form Energy, which raised $405 million in Series F and $450 million in Series E funding, focusing on advanced energy storage technologies. These transactions highlight Breakthrough Energy's commitment to fostering innovation in the electric power industry.


7. Goldman Sachs

  • Website: goldmansachs.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 59
  • LinkedIn: goldman-sachs

Goldman Sachs is a prominent investment bank and financial services firm based in New York, New York, founded in 1998. It provides a wide range of services including investment banking, asset management, and wealth management, catering to a diverse clientele that includes corporations, financial institutions, and individuals. In recent years, Goldman Sachs has demonstrated its commitment to the electric power sector through significant transactions. For instance, in July 2023, it was involved in a $935 million post-IPO debt raise for Iberdrola, a major player in the renewable energy space. Additionally, Goldman Sachs participated in the debt financing of ENGIE North America, which raised $1 billion in February 2024, further showcasing its engagement in the electric power industry. The firm also played a role in the Series E-K funding round for Bloom Energy, a fuel cell manufacturer, indicating its support for innovative energy solutions. These transactions highlight Goldman Sachs' active role in financing and supporting the electric power sector, particularly in renewable energy initiatives.


8. Government of Canada

  • Website: canada.ca
  • Type: Corporate
  • Headquarters: Canada, Kentucky, United States (USA)
  • Founded year: 1999
  • Headcount: 10001+
  • Number of deals in 2024: 137
  • LinkedIn: government-of-canada

The Government of Canada is a public entity that provides a wide range of services and information to Canadian citizens and residents, addressing various needs including employment, immigration, health care, and taxation. Founded in 1999, it operates through multiple departments and agencies to ensure access to essential services and support for individuals and businesses across the country. In the context of electric power investments, the Government of Canada has been involved in several significant transactions, including grants to SaskPower, which raised $141,250 in June 2023, and ARC Clean Energy, which secured $7,000,000 in October 2023. Additionally, it has supported projects like Eocycle and Novus Earth through grants, further emphasizing its commitment to fostering development in the electric power sector, particularly in renewable energy and infrastructure projects.


9. Los Angeles Cleantech Incubator


The Los Angeles Cleantech Incubator (LACI) is a not-for-profit organization founded in 2011, dedicated to fostering an inclusive green economy by supporting cleantech startups. LACI provides various programs, including business acceleration and funding opportunities, while also focusing on workforce development initiatives aimed at underrepresented groups. Among its notable transactions, LACI has invested in Ashipa Electric, which focuses on electric power solutions, and Microgrid Labs, which is involved in microgrid technology—both critical components of the electric power landscape. Additionally, LACI has supported ElectricFish, a company that raised funds for innovative electric power solutions. These investments highlight LACI's commitment to advancing sustainable technologies within the electric power sector.


10. Deep Tech Fund (an Alumni Ventures Fund)

  • Website: av.vc
  • Type: Venture Capital
  • Headquarters: Manchester, New Hampshire, United States (USA)
  • Founded year: 2023
  • Headcount: 51-200
  • Number of deals in 2024: 258
  • LinkedIn: deep-tech-fund-av-focused-fund

The Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm based in Manchester, New Hampshire, founded in 2023. It provides accredited investors and institutions with access to professionally-managed, diversified venture portfolios, leveraging a network of over 10,000 investors to connect them with high-quality investment opportunities in the startup ecosystem. The fund has been involved in notable transactions in the electric power sector, including investments in Bloom Energy, which raised significant funding in both 2015 and 2016, and Mainspring Energy, which raised $95 million in a Series D round in 2021. Additionally, the fund participated in the funding of EnergySavvy, a cloud software company for utilities, further demonstrating its engagement in the electric power industry. These transactions highlight the fund's focus on innovative energy solutions and its relevance in the electric power investment landscape.


11. Energy Impact Partners


Energy Impact Partners is a New York-based venture capital firm founded in 2015, specializing in investments within the energy sector. The firm is dedicated to funding and supporting companies that are at the forefront of the transition to sustainable energy. They collaborate with entrepreneurs and corporate partners to enhance innovation in clean energy technologies, providing both capital and strategic guidance to their portfolio companies. Notably, Energy Impact Partners has participated in several significant transactions, including a $405 million Series F round for Form Energy in October 2024, which focuses on energy storage solutions, and a $450 million Series E round for the same company in October 2022. Additionally, they invested in Greenlots, which raised $10.25 million in Series A funding in July 2017, a company that provides electric vehicle charging solutions. These investments highlight Energy Impact Partners' commitment to advancing technologies that are essential for the electric power industry.


12. Blackstone

  • Website: blackstone.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1985
  • Headcount: 1001-5000
  • Number of deals in 2024: 57
  • LinkedIn: blackstonegroup

Blackstone Inc. is a leading investment management firm based in New York, specializing in alternative investments across various sectors, including private equity, real estate, and credit solutions. Founded in 1985, Blackstone has built a reputation for delivering lasting value through its extensive portfolio and strategic investment approaches. Notably, Blackstone has made significant strides in the electric power sector, particularly through its investments in renewable energy. In 2023, Blackstone Infrastructure Partners was part of a consortium that acquired American Electric Power for $1.5 billion, which includes 14 renewable energy projects across 11 states, totaling 1,200 MW of wind energy and 165 MW of solar energy. Additionally, Blackstone has invested nearly $4 billion in Invenergy, a company focused on renewable energy, further solidifying its position in the electric power industry. These transactions highlight Blackstone's active role in promoting and investing in sustainable energy solutions.



Electric Power Insights: Key Investors in the US


InvestorHeadquarterSizeFoundedDeals 2024
U.S. Department of Energy (DOE)Washington, D.C., District Of Columbia, United States (USA)10001+1977597
Y CombinatorSan Francisco, California, United States (USA)51-2002005802
IFC - International Finance CorporationWashington, D.C., District Of Columbia, United States (USA)1001-50001956107
KkrNew York, New York, United States (USA)1001-5000197674
Elemental ImpactHonolulu, Hawaii, United States (USA)51-200201219
Breakthrough EnergyKirkland, Washington, United States (USA)51-200201538
Goldman SachsNew York, New York, United States (USA)10001+199859
Government of CanadaCanada, Kentucky, United States (USA)10001+1999137
Los Angeles Cleantech IncubatorLos Angeles, California, United States (USA)51-20020112
Deep Tech Fund (an Alumni Ventures Fund)Manchester, New Hampshire, United States (USA)51-2002023258
Energy Impact PartnersNew York, New York, United States (USA)51-200201527
BlackstoneNew York, New York, United States (USA)1001-5000198557


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