utility-scale-solar
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The Solar Team That Builds to Sell, Not to Hold
Three industry veterans bet that community solar's real money is in development, not ownership. Two and a half years later, Headwater Energy bought the whole pipeline.
EliTe Solar
EliTe Solar is a Singapore-headquartered photovoltaic manufacturer founded in 2005 that designs and produces solar wafers, cells and modules for utility, commercial and residential customers in more than 30 countries. With manufacturing across Vietnam, Indonesia and a new hub in Egypt, the company has shipped over 10GW of modules and has been ranked a BloombergNEF Tier 1 manufacturer continuously since 2012, positioning vertical integration and low levelized cost of energy as its core pitch.
Heron Power
Heron Power is a Scotts Valley, California company building solid-state transformers - power electronics purpose-built for the modern electrical grid. Founded in 2025 by former Tesla powertrain and energy chief Drew Baglino, its flagship Heron Link converts medium-voltage electricity to usable low-voltage power in a modular, software-integrated package, replacing the century-old iron-core transformer. The company targets utility-scale solar, grid-scale batteries, and hyperscale AI data centers, and is building a 40-gigawatt US factory to meet a backlog of orders.
Euclid Power
Euclid Power is a New York-based operating system for renewable energy projects, pairing an AI-driven software platform with expert services across the development, financing, construction, and operations lifecycle. Founded in 2021 by former Goldman Sachs and Generate Capital energy professionals, Euclid turns scattered project documents into a single source of truth, helping developers, investors, and asset owners cut diligence and transaction timelines from months to days. It has been embedded in more than 1,000 solar and storage projects, onboarded over 12 GW of capacity, and supported $10B+ in renewable energy investment.
Terabase Energy
Terabase Energy is a Berkeley, California company building the digital and automation backbone for utility-scale solar construction. Its flagship Terafab automated field factory and Construct software platform are designed to slash the cost and time of building solar power plants at terawatt scale.