Relevate Power Receives $4.9 Million from Department of Energy for Hydroelectric Projects Modernization
Relevate Power Receives $4.9 Million from Department of Energy for Hydroelectric Projects Modernization
11/07/24, 6:54 PM
Location
new yorkMoney
$4.9 million
Industry
renewable energy
energy
Type
partnership
Relevate Power has received a $4.9 million grant from the Department of Energy to boost efforts in improving the efficiency of hydroelectric facilities. This grant will enable the company to increase energy generation capacity, improve grid resilience, and enhance safety and sustainability efforts at its facilities. The funding is part of a broader effort by the DOE to modernize the U.S. hydroelectric infrastructure.
Company Info
Location
new york, new york, united states
Additional Info
Relevate Power, previously known as Elevate Power, is a unique player in the renewable energy industry with a focus on large-scale redevelopment of hydropower assets. The company owns and operates 22 run-of-river hydropower facilities and is on track to triple its footprint by the end of 2024. Backed by Greenbacker Development Opportunities Fund I, LP, Relevate Power aims to provide affordable 24/7 clean energy to rural America's most impactful organizations.