A leading vertically integrated renewable energy platform
Cypress Creek develops, owns, and operates utility-scale and distributed solar projects throughout the US
- CountryUnited States
- Responsible AdvisorAlex Darden
- FundEQT Infrastructure V
Founded in 2014, Cypress Creek is the largest independent fully integrated solar energy platform in the US, specializing in developing, owning and operating solar and storage assets. Focused on utility-scale and distributed solar projects, along with collocated and standalone storage, Cypress Creek has commercialized over 11GW since inception and currently has approximately 1.6GW of operating assets across 211 projects in 14 states.
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 300 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
Renewables’ share of US energy generation continues to swiftly increase and is expected to outgrow conventional energy, driven by regulatory support, technology cost decline, and corporate offtake demand. The recent passing of the USD 1.2 trillion US federal infrastructure bill, which included the largest investment in clean energy transmission and the electric grid in US history, underscores the momentum of US policy support behind clean energy solutions. Demand from corporate off-takers for renewables products has also been steadily climbing as companies prioritize sustainable solutions.
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.
Board of directors
- ChairpersonNed Hall
- Board memberKaren Puckett
- Board memberAnne McEntee
- Board memberLeslie Biddle
- Board memberAlex Darden
- Board memberMike Childers
- CEOSarah Slusser
- COOBecky Cranna
- CIOJeff Meigel
- CFOTres Petmecky