Generate Capital, a San Francisco-based startup and ABC member that just announced a new funding of $2 billion, calls itself a “sustainable infrastructure” company. You could think of it like a modern utility company, where the utility manages everything: solar, energy storage, building automation projects, electric vehicle fleets and charging infrastructure, wastewater and food waste, and nearly two dozen other types of projects. The company partners with around 40 different sustainable technology companies and project developers, providing them with capital to build, say, a solar power plant. “Once they’re shovel ready, we buy the asset from the developer fully, and then we’re on the hook to operate it for 10, 20, 30 years,” he says. Then it sells the service to customers like retailers, banks, or communities. More >>
