DSD Renewables Raises over $1 Bn in 3 Years

July 28, 2022. By News Bureau

DSD Renewables (DSD) has become a leader in accelerating solar deployment across the national commercial and industrial (C&I) landscape, tripling its number of megawatts developed and deployed, and company size since launching three years ago with the backing of BlackRock Real Assets’ Climate Infrastructure platform.

To date, DSD has raised over $1 billion in funding to support its growth and customers’ energy needs, expanding its solar footprint to 22 states.

Since spinning out of GE in 2019, DSD has increased its number of solar projects from 125 to 345, jumping from 126 MW of developed and deployed capacity to 387 MW, and has grown its number of employees from 60 to nearly 190.

With funding from the world’s largest financial institutions, DSD’s pipeline has grown 205%, while its backlog of projects has increased 816%.

“Our achievements thus far would not be possible without our team, which has driven our growth in a way that continues to advance the entire distributed energy industry,” says Erik Schiemann, Chief Executive Officer at DSD. “We are accelerating the pathway to a sustainable future, prioritizing a customer-centric approach, and we’re more energized than ever about what’s possible.”

“DSD’s tremendous growth numbers are a testament to the strength of our teams, projects, and partners, and we’re poised to continue that trajectory, with systems in place that guide our customers to achieve their sustainability goals,” says Greg Fabso, Chief Financial Officer at DSD.

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