Dispatch Energy has its eyes set on the distributed generation sector following a recent infusion of capital commitments, said the company’s CEO Ricard Dovere in an interview with NPM.

Dispatch Energy, a developer, owner and operator of distributed generation and storage assets founded in 2024, announced this month that it secured more than USD 209m to implement its distributed generation strategy across the US.

Dovere said that he sees opportunities for distributed energy resource growth across the country as the nation battles with power deficit challenges and high costs of energy.

“Utility scale is great, and it’s important, but obviously there’s major backups in the interconnection,” Dovere said. “So, that’s a problem, and building new transmission takes a long time. Distributed is where you have to go. It is an absolute necessity, and I think it needs to be in the at least 10-to-15 GW a-year-type of scale, and I think that is coming ultimately.”

About USD 200m of the money raised is platform-based debt while the remaining is equity, Dovere said. He declined to disclose the financiers, but said the capital came from a combination of institutional private credit fund investors, employees, and family offices.

The funding, Dovere said, will help the company ramp up its distributed generation focus over the coming months and years. Dispatch Energy’s typical client base right now includes anyone looking for distributed-scale solar, storage and fuel cells, such as big box store C&I customers and hospitals.

Right now, the company has upwards USD 100m in fuel cell projects, including its first in Bridgeport, Connecticut for a utility in its existing project pipeline and a substantial number of solar developments as well.

The company expects to deploy an incremental USD 150m in generation and storage projects this year, Dovere said. In addition to the project pipeline, Dovere said the company plans to acquire about 45 MW of operating solar facilities in the 1Q25.

He expects the company to become vertically integrated soon.

“We’re developing, owning and operating as of today,” Dovere said. “The vertical integration comes within the context of actually getting more into construction. We’re going to start more with active construction management, and then actually start going out to hire crews and working on our own projects as well.”

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