Cultivate Power, a Chicago-based developer of distributed solar and storage projects, has secured a $10 million equity investment from Generate Capital. This partnership aims to develop and build clean energy infrastructure in emerging community solar markets across the United States.
Spearheaded by renewable energy veterans Brian Matthay and Noah Hyte, Cultivate Power focuses on developing 10- to 50-acre solar and storage projects that work to generate social and economic impacts in rural communities. The company collaborates with communities to provide benefits like low-cost power, increased tax revenue, job training programs as well as partnerships and funding.
Backed by its fresh capital, Cultivate Power will be able to expand its business, develop more solar and storage projects, hire new talent and support local environmental and community partnerships.
