Summit Ridge Energy valuation, funding and investors
Summit Ridge Energy works in commercial solar asset development, based in Arlington, United States. Founded in 2017, it has about 152 employees.
Solar Energy Company Debt
VALUATION · TODAY
$1.54B −4% after Growth
Range $176M – $3.54B · Grade DTODAY
+12 MO
$1.00B
$2.00B
$3.00B
$4.00B
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Growth $175M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY152 employees
+7%6m growth
+10%1y growth
+17%2y growth
100
200
Data from Jan 2021
Predicted in 1 yr $1.47B −4% vs today
Predicted next raise $231M if a round comes
Winding-down probability 16%
- Last round
- Growth · $175M · Jul 2022
- Valuation at last round
- $1.94B · implied
- Headcount
- 152 · flat
- Grade
- D
- Founded
- 2017
Summit Ridge Energy valuation today
VCMC values Summit Ridge Energy at $1.5B today, with a range of $176M to $3.5B and a grade of D. The valuation starts from its last funding round, a growth round in Jul 2022.
Valuation by date (120 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2017 | $7.03M | $2.56M – $19.3M | $9.63M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2017 | $7.22M | $2.63M – $19.8M | $9.89M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2017 | $7.39M | $2.69M – $20.3M | $10.1M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2017 | $7.59M | $2.76M – $20.9M | $10.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2017 | $7.79M | $2.84M – $21.4M | $10.7M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2017 | $8.00M | $2.91M – $22.0M | $11.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2017 | $8.21M | $2.99M – $22.6M | $11.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2017 | $8.44M | $3.07M – $23.2M | $11.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2017 | $8.67M | $3.15M – $23.8M | $11.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2017 | $8.89M | $3.24M – $24.4M | $12.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2017 | $9.14M | $3.33M – $25.1M | $12.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2017 | $9.37M | $3.41M – $25.8M | $12.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2018 | $9.63M | $3.51M – $26.5M | $13.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $9.89M | $3.60M – $27.2M | $13.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $10.1M | $3.69M – $27.8M | $13.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $10.4M | $3.79M – $28.6M | $14.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $10.7M | $3.89M – $29.3M | $14.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $11.0M | $3.99M – $30.1M | $15.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $11.3M | $4.10M – $30.9M | $15.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $11.6M | $4.21M – $31.8M | $15.6M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $11.9M | $4.33M – $32.6M | $15.7M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $12.2M | $4.44M – $33.5M | $15.9M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $12.5M | $4.56M – $34.4M | $16.0M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $12.9M | $4.68M – $35.3M | $16.2M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $13.2M | $4.81M – $36.3M | $16.3M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $13.6M | $4.94M – $37.3M | $16.5M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $13.9M | $5.06M – $38.2M | $16.6M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $14.3M | $5.20M – $39.2M | $16.8M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $14.6M | $5.33M – $40.2M | $16.9M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $15.0M | $5.48M – $41.3M | $17.1M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $15.4M | $5.62M – $42.4M | $17.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $15.6M | $5.68M – $42.8M | $17.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $15.7M | $5.73M – $43.2M | $17.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $15.9M | $5.78M – $43.6M | $17.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $16.0M | $5.83M – $44.0M | $17.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $16.2M | $5.89M – $44.4M | $18.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $16.3M | $5.94M – $44.8M | $18.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $16.5M | $5.99M – $45.2M | $18.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $16.6M | $6.05M – $45.6M | $18.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $16.8M | $6.10M – $46.0M | $18.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $16.9M | $6.16M – $46.4M | $18.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $17.1M | $6.21M – $46.9M | $19.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $17.2M | $6.27M – $47.3M | $19.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $17.4M | $6.33M – $47.7M | $19.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $17.5M | $6.38M – $48.2M | $19.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $17.7M | $6.44M – $48.6M | $19.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $17.9M | $6.50M – $49.0M | $19.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $18.0M | $6.56M – $49.5M | $20.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $20.8M | $7.57M – $57.1M | $23.2M (+11%) | before first round | 37 | unknown | D | 0% |
| 1 Feb 2021 | $21.0M | $7.64M – $57.7M | $23.3M (+11%) | before first round | 37 | unknown | D | 0% |
| 1 Mar 2021 | $21.2M | $7.70M – $58.1M | $23.5M (+11%) | before first round | 37 | unknown | D | 0% |
| 1 Apr 2021 | $21.4M | $7.78M – $58.7M | $23.7M (+11%) | before first round | 37 | flat | D | 0% |
| 1 May 2021 | $21.5M | $7.84M – $59.2M | $23.8M (+11%) | before first round | 37 | flat | D | 0% |
| 1 Jun 2021 | $21.7M | $7.92M – $59.7M | $24.0M (+10%) | before first round | 37 | flat | D | 0% |
| 1 Jul 2021 | $21.9M | $7.99M – $60.3M | $24.2M (+10%) | before first round | 37 | flat | D | 0% |
| 1 Aug 2021 | $22.1M | $8.06M – $60.8M | $24.4M (+10%) | before first round | 37 | flat | D | 0% |
| 1 Sep 2021 | $22.3M | $8.13M – $61.4M | $24.6M (+10%) | before first round | 37 | flat | D | 0% |
| 1 Oct 2021 | $22.5M | $8.21M – $61.9M | $24.7M (+10%) | before first round | 37 | flat | D | 0% |
| 1 Nov 2021 | $22.7M | $8.28M – $62.5M | $24.9M (+10%) | before first round | 37 | flat | D | 0% |
| 1 Dec 2021 | $22.9M | $8.35M – $63.0M | $25.1M (+9%) | before first round | 37 | flat | D | 0% |
| 1 Jan 2022 | $23.2M | $8.43M – $63.6M | $25.3M (+9%) | before first round | 37 | flat | D | 0% |
| 1 Feb 2022 | $23.3M | $8.50M – $64.1M | $25.5M (+9%) | before first round | 37 | flat | D | 0% |
| 1 Mar 2022 | $23.5M | $8.55M – $64.5M | $25.7M (+9%) | before first round | 37 | flat | D | 0% |
| 1 Apr 2022 | $36.0M | $15.4M – $71.5M | $39.3M (+9%) | before first round | 67 | growing | C | 0% |
| 1 May 2022 | $36.3M | $15.5M – $72.1M | $39.6M (+9%) | before first round | 67 | growing | C | 0% |
| 1 Jun 2022 | $36.6M | $15.7M – $72.6M | $39.9M (+9%) | before first round | 67 | growing | C | 0% |
| 1 Jul 2022 | $36.8M | $15.8M – $73.1M | $40.2M (+9%) | before first round | 67 | growing | C | 0% |
| 14 Jul 2022 | $1.9B | $1.3B – $3.3B | $2.1B (+10%) | after a round | 67 | growing | B | 0% |
| 1 Aug 2022 | $2.0B | $1.3B – $3.3B | $2.1B (+9%) | after a round | 67 | growing | B | 0% |
| 1 Sep 2022 | $2.0B | $1.3B – $3.3B | $2.1B (+9%) | after a round | 67 | growing | B | 0% |
| 1 Oct 2022 | $2.0B | $1.3B – $3.3B | $2.1B (+8%) | after a round | 67 | growing | B | 0% |
| 1 Nov 2022 | $2.0B | $1.3B – $3.3B | $2.1B (+7%) | after a round | 67 | unknown | B | 0% |
| 1 Dec 2022 | $2.0B | $1.3B – $3.3B | $2.1B (+6%) | after a round | 67 | unknown | B | 0% |
| 1 Jan 2023 | $2.1B | $1.4B – $3.5B | $2.3B (+9%) | after a round | 94 | growing | B | 0% |
| 1 Feb 2023 | $2.1B | $1.4B – $3.5B | $2.3B (+8%) | after a round | 94 | growing | B | 0% |
| 1 Mar 2023 | $2.2B | $1.4B – $3.5B | $2.3B (+6%) | after a round | 94 | growing | B | 0% |
| 1 Apr 2023 | $2.2B | $1.4B – $3.5B | $2.3B (+5%) | after a round | 94 | growing | B | 0% |
| 1 May 2023 | $2.2B | $1.4B – $3.5B | $2.3B (+3%) | after a round | 94 | growing | B | 0% |
| 1 Jun 2023 | $2.3B | $1.4B – $3.5B | $2.3B (+2%) | after a round | 94 | growing | B | 0% |
| 1 Jul 2023 | $2.3B | $1.4B – $3.5B | $2.3B (+1%) | after a round | 94 | growing | B | 0% |
| 1 Aug 2023 | $2.3B | $1.4B – $3.5B | $2.3B (0%) | after a round | 94 | growing | B | 0% |
| 1 Sep 2023 | $2.3B | $1.4B – $3.5B | $2.3B (0%) | after a round | 94 | growing | B | 0% |
| 1 Oct 2023 | $2.4B | $1.4B – $3.7B | $2.4B (0%) | after a round | 120 | growing | B | 0% |
| 1 Nov 2023 | $2.4B | $1.3B – $3.7B | $2.4B (0%) | after a round | 120 | up | B | 0% |
| 1 Dec 2023 | $2.4B | $1.3B – $3.7B | $2.4B (0%) | after a round | 120 | up | B | 0% |
| 1 Jan 2024 | $2.4B | $1.2B – $3.7B | $2.4B (0%) | after a round | 120 | up | B | 0% |
| 1 Feb 2024 | $2.4B | $1.2B – $3.7B | $2.4B (0%) | after a round | 120 | up | B | 0% |
| 1 Mar 2024 | $2.5B | $1.4B – $3.8B | $2.5B (0%) | after a round | 130 | growing | B | 0% |
| 1 Apr 2024 | $2.5B | $1.4B – $3.8B | $2.5B (0%) | after a round | 130 | growing | B | 0% |
| 1 May 2024 | $2.5B | $1.4B – $3.8B | $2.5B (0%) | after a round | 130 | growing | B | 0% |
| 1 Jun 2024 | $2.5B | $1.4B – $3.8B | $2.5B (0%) | after a round | 130 | growing | B | 0% |
| 1 Jul 2024 | $2.5B | $1.4B – $3.8B | $2.5B (0%) | after a round | 130 | growing | B | 0% |
| 1 Aug 2024 | $2.5B | $786M – $3.8B | $2.5B (0%) | after a round | 130 | flat | C | 0% |
| 1 Sep 2024 | $2.5B | $747M – $3.8B | $2.4B (-1%) | after a round | 130 | flat | C | 0% |
| 1 Oct 2024 | $2.5B | $711M – $3.8B | $2.4B (-2%) | after a round | 130 | flat | C | 0% |
| 1 Nov 2024 | $2.5B | $675M – $3.8B | $2.4B (-2%) | after a round | 130 | flat | C | 0% |
| 1 Dec 2024 | $2.5B | $643M – $3.8B | $2.4B (-3%) | after a round | 130 | flat | C | 0% |
| 1 Jan 2025 | $2.5B | $611M – $3.8B | $2.4B (-3%) | after a round | 130 | flat | C | 0% |
| 1 Feb 2025 | $2.5B | $581M – $3.8B | $2.4B (-4%) | after a round | 130 | flat | C | 0% |
| 1 Mar 2025 | $2.5B | $555M – $3.8B | $2.4B (-5%) | after a round | 130 | flat | C | 0% |
| 1 Apr 2025 | $2.5B | $527M – $3.8B | $2.3B (-5%) | after a round | 130 | flat | C | 0% |
| 1 May 2025 | $2.5B | $502M – $3.8B | $2.5B (0%) | after a round | 130 | unknown | D | 0% |
| 1 Jun 2025 | $2.5B | $477M – $3.8B | $2.5B (0%) | after a round | 130 | unknown | D | 0% |
| 1 Jul 2025 | $2.5B | $454M – $3.8B | $2.5B (0%) | after a round | 130 | unknown | D | 0% |
| 1 Aug 2025 | $2.5B | $440M – $3.8B | $2.4B (-7%) | after a round | 143 | flat | D | 0% |
| 1 Sep 2025 | $2.5B | $419M – $3.8B | $2.3B (-7%) | after a round | 143 | flat | D | 0% |
| 1 Oct 2025 | $2.0B | $395M – $3.6B | $1.8B (-12%) | after a round | 138 | flat | D | 18% |
| 1 Nov 2025 | $1.6B | $376M – $3.5B | $1.3B (-17%) | after a round | 138 | flat | D | 38% |
| 1 Dec 2025 | $1.6B | $358M – $3.4B | $1.3B (-17%) | after a round | 138 | flat | D | 38% |
| 1 Jan 2026 | $1.6B | $342M – $3.4B | $1.4B (-15%) | after a round | 142 | flat | D | 35% |
| 1 Feb 2026 | $1.6B | $325M – $3.4B | $1.4B (-14%) | after a round | 142 | flat | D | 32% |
| 1 Mar 2026 | $1.7B | $310M – $3.4B | $1.4B (-13%) | after a round | 142 | flat | D | 29% |
| 1 Apr 2026 | $1.7B | $295M – $3.4B | $1.5B (-11%) | after a round | 142 | flat | D | 27% |
| 1 May 2026 | $1.7B | $285M – $3.5B | $1.5B (-11%) | after a round | 151 | flat | D | 25% |
| 1 Jun 2026 | $1.8B | $271M – $3.5B | $1.6B (-10%) | after a round | 151 | flat | D | 23% |
| 1 Jul 2026 | $1.8B | $258M – $3.5B | $1.6B (-8%) | after a round | 151 | flat | D | 21% |
| 1 Aug 2026 | $1.8B | $245M – $3.6B | $1.7B (-8%) | after a round | 151 | flat | D | 19% |
| 1 Sep 2026 | $1.8B | $233M – $3.5B | $1.7B (-6%) | after a round | 151 | flat | D | 18% |
| 1 Oct 2026 | $1.9B | $222M – $3.6B | $1.8B (-5%) | after a round | 152 | flat | D | 16% |
| 24 Oct 2026 | $1.5B | $176M – $3.5B | $1.5B (-4%) | after a round | 152 | flat | D | 16% |
Key facts about Summit Ridge Energy
- Founded
- 2017
- Headquarters
- Arlington, United States
- Employees
- about 152 +10% in a year
- Total raised
- $774M
- Funding rounds
- 3
- Last round
- Debt Jan 2026
Summit Ridge Energy was founded in 2017 by Mark Raeder.
Summit Ridge Energy funding history
Summit Ridge Energy has 3 funding rounds on record, from Jul 2022 to Jan 2026, $774M in total. None disclosed a valuation.
Debt 13 Jan 2026no round page
With MUFG.
Sources: srenergy.com, srenergy.com, finance.yahoo.com and 1 more
$290M
Debt 6 Aug 2024no round page
With Bank of America, Nomura Securities International, Inc., Prudential Private Capital, MetLife Investment Management.
Sources: globenewswire.com
$309M
Growth Equity 13 Jul 2022
Led by Apollo.
Sources: apollo.com, renewableenergyworld.com, saul.com and 1 more
$175M
Summit Ridge Energy investors
6 investors have backed Summit Ridge Energy; Apollo led at least one round.
- Apollo lead
- Bank of America
- MetLife Investment Management
- MUFG
- Nomura Securities International, Inc.
- Prudential Private Capital
What Summit Ridge Energy does
Summit Ridge Energy works in solar energy company, with 14 recorded offerings and customers in energy.
Summit Ridge Energy, LLC is an American energy company engaged in the development, ownership, and operation of commercial solar assets. The company provides solar energy solutions, including on-site and off-site solar projects, energy storage systems, and power purchase agreements. Summit Ridge Energy also manages community solar projects and virtual power purchase agreements, and is involved in project financing and due diligence. The company operates primarily in the United States and emphasizes the use of American-made components and supply chains.
Description from Veridion's company data.
Products and services
- Commercial Solar Asset Development
- Commercial Solar Asset Ownership and Operation
- Solar Power Purchase Agreement Services
- Solar Parking Canopy Deployment
- Energy Storage System Development and Operation
- Community Solar Project Services
- Virtual Power Purchase Agreement Services
- Solar Project Financing Services
- Solar Facility Investment and Capital Raising
- Solar and Storage Project Due Diligence Services
- Grid Resilience Energy Solutions
- Energy Independence Energy Solutions
- Sustainable Energy Project Consulting
- Local Economic Development Services
Markets
- Energy
Technology
- Energy Storage Systems
Supply chain
- Localized Sourcing
Business model
- Business-to-Business
- Enterprise
- Asset Management
Industry codes (NAICS)
- 221114 Solar Electric Power Generation 75% match
- 221118 Other Electric Power Generation 25% match
Questions about Summit Ridge Energy
What is Summit Ridge Energy worth?
Valuation $1.5B (range $176M to $3.5B), as of 24 Oct 2026.
Has Summit Ridge Energy raised money?
Summit Ridge Energy has 3 funding rounds on record, from Jul 2022 to Jan 2026, $774M in total. None disclosed a valuation.
Who has invested in Summit Ridge Energy?
Apollo, Bank of America, MetLife Investment Management, MUFG, Nomura Securities International, Inc. and Prudential Private Capital. Lead investors include Apollo.
How many people work at Summit Ridge Energy?
About 152, up 10% over the last year. Headcount grew from 37 in Jan 2021 to 152 in Sep 2026.
What does Summit Ridge Energy do?
Summit Ridge Energy works in solar energy company, with 14 recorded offerings and customers in energy. Its main offerings are commercial solar asset development, commercial solar asset ownership and operation and solar power purchase agreement services.
When was Summit Ridge Energy founded, and where is it based?
Summit Ridge Energy was founded in 2017 and is based in Arlington, United States. It has about 152 employees, up 10% over the last year.