Cypress Creek

About Cypress Creek

Founded in 2014, Cypress Creek is one of the largest independent fully integrated solar and energy storage platforms in North America. The Company develops, owns, and operates utility-scale and distributed solar and storage, with an owned portfolio of approximately 3.2 GW across over 200 locations and a strong development track record, commercializing over 14 GW since inception. Cypress Creek is well-positioned for future growth and to lead the US clean energy transition in partnership with EQT.

Cypress Creek has strong barriers to entry supported by scale, operational and development expertise, policy leadership, vertical integration approach, and overall market reputation. The Company has an expansive national footprint with approximately 400 employees who are managed by a best-in-class, highly regarded leadership team with decades of development and operating experience. Cypress Creek is a mission-driven company, focused on developing cost-competitive renewable energy and powering a green and sustainable future, one project at a time.

Market Trends and Drivers

Persistent power supply shortages amid rapidly growing U.S. electricity demand continue to drive expansion across the energy sector, with renewables increasingly positioned as the fastest and most cost-effective solution. Renewables’ share of U.S. power generation continues to rise swiftly and is expected to outpace conventional energy, driven by ongoing technology cost declines, speed-to-power advantages, and strong corporate offtake demand for reliable, scalable clean energy solutions. As load growth accelerates across data centers, electrification, and industrial users, renewables are playing an increasingly central role in meeting near- and long-term power needs.

Investment Potential

Cypress Creek is highly thematic to the EQT franchise, facilitating EQT’s direct participation in the broader US clean energy transition through renewable power generation. The goal of this partnership is to continue to help the company grow and expand its positive impact on society. Key value creation opportunities include efficiently executing on the development pipeline, growing the operations and maintenance businesses, digitizing the organization to improve efficiencies and support scalability, strengthening leading ESG focus, and expanding the broader platform through new geographies and adjacencies.