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As a record-breaking, unrivaled technology leader, 8minute Solar Energy (8minute) is championing the clean energy transition in the United States and shaping the future of energy through its next generation of smart solar power plants. Since its founding in 2009, 8minute has successfully put 2 GW of solar projects in operation and currently has over 18 GW of solar and 24 GWh of energy storage projects under development. By prioritizing technology and engineering innovation, 8minute’s best-in-class team has continued to set new industry records: developing the largest solar plant in the nation starting in 2011, delivering the first operational solar plant in the U.S. to beat fossil fuel prices in 2016, and securing a deal to deliver solar with storage at record-low prices in 2019. Now one of the largest solar developers in the country with an established track record of delivering above-market profitability, 8minute’s relentless pursuit of smart energy generation is unlocking growth and expanding access to affordable and reliable clean energy.
Overview
Location
United States, California, Los Angeles
Employees
51-200
Total raised
$400M
Founded date
2009
Funding Rounds 1
| Date | Series | Amount | Investors |
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Mentions in press and media 28
| Date | Title | Description |
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| Jan 24, 2022 | 8minute Solar Energy Raises $400 Million from EIG | Harsh Shukla Harsh Shukla is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune. More ... |
| Jan 24, 2022 | 8minute Solar Receives $400M in Funding From EIG Global Energy Partners | Mid-Wilshire-based 8minute Solar Energy on January 19th announced that it closed $400 million in financing from Washington, D.C.-based EIG Global Energy Partners, which specializes in investments in global energy and infrastructure. |
| Jan 24, 2022 | Funding and M&A Roundup: Factorial Energy Raises $200 Million for Solid-State Battery | Staff |
| Jan 19, 2022 | 8minute Solar Energy Closes $400 Million in Financing from EIG | 8minute Solar Energy (“8minute”) today announced that it has closed $400 million in financing from EIG, a leading institutional investor in the global energy and infrastructure sectors. The financing agreement includes a portion of growth e... |
| Jan 19, 2022 | 8minute Solar Energy closes US$400m financing to pursue pipeline growth, green hydrogen | US solar developer 8minute Solar Energy has closed US$400 million in financing from institutional investor EIG to bolster its US solar PV and energy storage pipeline. |
| Jan 19, 2022 | 8minute energy closes $400 million in financing from EIG | 8minute Solar Energy has closed $400 million in financing from EIG, an institutional investor in the global energy and infrastructure sectors. This funding is expected to enable 8minute to continue to operate and grow its portfolio of clean... |
| Dec 22, 2020 | 8minute Solar Energy Ups Credit To $350M | Los Angeles-based solar power project developer 8minute Solar Energy said today that it has upsized a letter of credit it received, upping the originally $225M letter of credit and revolving credit facility to $350M. The company said the ad... |
| Oct 21, 2020 | Energy Jobs: Audrey Lee is director at $250M SPAC ArcLight, plus SunPower, Primergy Solar, 8minute and more | Audrey Lee, previously with Sunrun and currently the co-chair of Clean Energy for Biden, is now the director of the board of ArcLight Clean Transition Corp., a $250 million SPAC focused on opportunities in the transition toward sustainable ... |
| Sep 23, 2020 | SPI roundup: Financing supplies high, rates low as solar’s secondary markets ride out Covid-19 impacts | Solar Power International (SPI) started its second round of virtual microconferences with something one rarely sees at industry events, particularly when the topic is solar financing — an all-female panel. Kicking off a week of online discu... |
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FAQ about 8minute Solar Energy
When was 8minute Solar Energy founded?
8minute Solar Energy was founded in 2009.
How much funding has 8minute Solar Energy raised?
8minute Solar Energy has raised $400M in total across 1 funding round.
What has the press written about 8minute Solar Energy?
Parsers VC has collected 28 articles mentioning 8minute Solar Energy, among them “8minute Solar Energy Raises $400 Million from EIG” (Jan 24, 2022) and “8minute Solar Receives $400M in Funding From EIG Global Energy Partners” (Jan 24, 2022).
Is 8minute Solar Energy still active?
Yes, 8minute Solar Energy is active; its latest activity on Parsers VC dates from Mar 21, 2024.